The Solana blockchain is experiencing rapid growth in stablecoin activity, with over $3 billion in new inflows recorded within the last four days. Data from DefiLlama shows the total stablecoin holdings on the network jumped from $6.1 billion on Jan. 17 to $9.8 billion at the time of writing. This surge puts Solana close to […]
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United States prominent state Utah is taking a big step into the world of digital finance through its new bill, “Blockchain and Digital Innovation Amendments (H.B. 230).” This groundbreaking legislation could soon allow the state treasurer to invest public funds in cryptocurrencies, but only if they meet strict market cap or stablecoin standards. Utah to …
Dogecoin price action has entered a critical phase as technical indicators, particularly the Relative Strength Index (RSI), point to a continuation of bearish momentum. Following a consistent downtrend, the RSI has dipped below the neutral 50% level, signaling increasing selling pressure and waning bullish interest. This shift in momentum puts the $0.3 support level in the spotlight, a crucial price floor that could determine Dogecoin’s near-term trajectory. With market conditions showing limited upside potential, traders are focusing on whether DOGE can maintain its ground at $0.3 or if the bearish momentum will push it lower. This juncture marks a decisive moment, where the interplay of technical indicators and price action will reveal the strength or fragility of Dogecoin’s market structure. Dogecoin Bearish Outlook In Focus Market sentiment has taken a bearish turn for Dogecoin, with recent price action reflecting growing pressure from sellers. The shift in outlook is underscored by the cryptocurrency’s struggle to maintain higher price levels, accompanied by technical indicators such as the RSI trending lower toward oversold territory. This decline signals weakening buying momentum, leaving DOGE vulnerable to further downside movement. Related Reading: Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally? Dogecoin’s recent drop below the 4-hour Simple Moving Average (SMA) has reinforced the bearish outlook, indicating a possible continuation of downward momentum. The failure to hold above this key indicator suggests that selling pressure is gaining strength, pushing the price toward the $0.3 support level. Furthermore, the $0.3 support level now stands as a critical threshold for the market, with a break below potentially triggering additional price losses to test even lower support levels. However, if bulls can defend this level, it could set the stage for a consolidation phase or a recovery attempt. As the market navigates this uncertain terrain, it is advisable to watch out for any signs of reversal or stabilization at these levels to assess whether the meme coin can recover from this bearish phase. Navigating Volatility: What Traders Should Watch Next Since Dogecoin continues to experience significant volatility, the $0.3 support level stands as a crucial point to monitor. If the price reaches this level and fails to hold, a break below it might set the stage for more declines. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target After that, the next key support zone lies at $0.26, where a sustained downturn could find additional momentum. Should the selling pressure persist, DOGE would probably see a deeper correction, testing even lower levels. However, a firm hold of the $0.3 support will act as a foundation for a possible rebound. A successful defense of this level might signal a shift in market sentiment, with buyers stepping in to push the price higher, paving the way for a recovery toward the $0.4 mark and beyond. Featured image from Unsplash, chart from Tradingview.com
MicroStrategy shareholders approved two amendments to increase the number of authorized stock.
Titan Lab, the developer of Titan Chain, on which Tokenize runs, plans to incorporate Coinseeker's AI-powered analytics and ratings into its operations
Osprey Funds and Rex Shares are looking for the SEC's sign off for several proposals for exchange-traded funds based off of TRUMP and DOGE.
Wallets suspected of contamination in Q4 2024 still hold $31.5 million, AMLBot says.
Bitwise suggests bitcoin's "fair value" could be over $200,000, serving as portfolio insurance against rising risks of sovereign defaults.
Former Republican presidential candidate Vivek Ramaswamy has resigned from his position at the Department of Government Efficiency (DOGE). Ramaswamy announced this in a Jan. 20 post on X, stating that he would no longer co-lead DOGE, a department focused on streamlining US government operations. He expressed optimism about the department’s future under X owner Elon […]
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The increasing popularity of XRP is generating a mix of reactions. CNBC’s Ran Neuner recently called XRP the “biggest meme coin” in the crypto space, referring to its massive fully diluted valuation (FDV) of $320 billion. Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy He opined that though it’s currently touted as one of the most popular utilities, its market dynamics resemble more those of meme coins than a utility-based crypto asset. This comment raised eyebrows, especially considering XRP’s historical background as a leading player in digital payments. An Increasingly Complex Narrative Due to its rapid value growth, many people are reconsidering XRP’s position in the market. Some people think that its price trajectory and media attention are comparable to joke currencies, while others see it as a utility token with real-world applications. According to Neuner, the token’s $320 billion FDV indicates that its value is primarily derived from speculative trading rather than any practical use. Here is a list of the biggest memecoins by FDV; 1. XRP – $320bn 2. DOGE – $57bn 3 ADA – $47bn 4.TRUMP – $36bn 5.HBAR -$17bn — Ran Neuner (@cryptomanran) January 19, 2025 Meme Coins Vs Utility Tokens In the crypto space, meme coins like Dogecoin and Shiba Inu have gained fame, often based on community sentiment rather than solid use cases. A comparison of XRP to such meme coins can be seen as controversial, yet it is an interesting one to look at. For all its utility-focused narrative, XRP has a massive market cap and substntial media buzz which often overshadows practical applications. Skeptics Weigh In At the same time, prominent individuals in the business, like Raoul Pal and DaVinci Jeremie, have expressed doubts about the direction of XRP. Some people say that the coin’s popularity may not last and is likely just due to market trends rather than real growth. Even though its story is based on its usefulness, XRP’s huge market cap and broad media attention often overshadow its actual uses. Interesting that you classify ADA as a memecoin when it’s one of the few chains with peer-reviewed research, formal verification methods, and a clear roadmap to scalability. Perhaps we should distinguish between price speculation and fundamental value. — talos (@TalosAgent) January 19, 2025 Talos, a community member, found Neuner’s assertion surprising as labeling ADA a joke currency ignores its special qualities. Cardano is unique from speculative assets, he said, since it is grounded on peer-reviewed research and has a clear scalability plan. As the debate goes on, it’s evident that XRP is more than just a utility coin or simply one player in the digital asset world. It’s either a meme coin or something more serious – the debate is not over yet. But one thing is for sure: XRP is definitely on everyone’s radar now, and its market movements will still draw the interest of fans and its harshest critics. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 The Future Of XRP In The Meme Coin Debate What happens next with XRP will depend a lot on how people feel about it in the next few months. Some people see it as a risky asset, but others keep saying that it could change the way people pay for things around the world. XRP’s price changes and general effect on the market are likely to stay a hot topic no matter what classification it gets. Featured image from LumerB/Getty Images, chart from TradingView
The airdrop will account for 7.5% of the total OBOL supply. There are “three main buckets” of recipients, Thomas Heremans said.
The TRUMP meme coin has plunged 40.88% in the last 24 hours, wiping out much of its earlier gains. Once a popular choice among investors, the token’s steep decline followed Donald Trump’s presidential inauguration, which initially raised hopes of a market boost. Whale Activity Shakes Confidence Whale activity has played a major role in the …
Recently, $Trump and $MELANIA, the two prominent meme coins released by the Trump family, created extreme excitement in the market. Both these coins achieved massive growth in the initial hours post-launch. It seems that the buzz created by the Trump family-related meme coins has encouraged many to rethink their view of the meme coin sector. …
The meme coins tied to President Donald Trump (TRUMP) and Melania (MELANIA), which skyrocketed in popularity and nearly doubled in value within hours, are now in freefall. However, token prices have crashed by 60% in just one day, as traders react to Trump’s omission of crypto from his much-anticipated inaugural speech. Melania Token Price Plunge …
Billionaire Mark Cuban said that if people want to gamble on memecoins, they could do it and “make a dent” in the US debt.
Smart swindlers have started a new wave of cyberattacks, this time they use the appearance of the well-known promotion service Google Ads to spread viruses to cryptocurrency owners. As revealed by Scam Sniffer, the attackers take advantage of common programs which are for instance Homebrew – package manager for macOS which helps the attackers to …
TRUMP memecoin slid around 50% after President Donald Trump made no crypto-related announcements on his first day in office. CryptoSlate data shows the token peaked near $70 over the weekend, then dropped to about $35 following the inauguration. Its market capitalization briefly exceeded $15 billion before declining to $7.8 billion as of press time. A […]
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Multi-asset investment portfolios with allocations to bitcoin are consistently outperforming those that don't hold the cryptocurrency, the report said.
Enel and wallet provider Conio’s tokenization initiative lets Italians offset energy bills via partial ownership of solar farms on Algorand.
Buterin said recent comments leveled against current Ethereum Foundation director Aya Miyaguchi were “pure evil.”
After teasing a new all-time high (ATH) during the inauguration of pro-crypto US President Donald Trump, Bitcoin (BTC) price closed Monday in a shooting star candlestick. The flagship coin has been evolving into a potential reversal pattern after registering palpable gains since January 2023. Following the heightened crypto volatility, more than $638 million was rekt …
Amid increased bearish action, the crypto market has dropped to a notable extent with the price of Bitcoin retesting its important support trendline. Talking about the Ethereum-killer Solana, the SOL price has experienced a major correction following the rising concern about the Solana Network congestion. However, the SOL-based Raydium price has turned out to be …
Donald Trump’s return to the White House has reignited discussions about Ross Ulbricht, the founder of Silk Road, and his potential release. It is a highly controversial move as the convict is charged with narcotics but Trump has promised in his election campaign to set him free. Ross Ulbricht has also hinted that he will …
Bitcoin "Choppiness Index" data is hinting at a dramatic return to trend for BTC price action.
The bitcoin acquisitions follow MicroStrategy's latest sale of shares during the same period, equivalent to the same value.
Coinbase CEO Brian Armstrong said the crypto exchange is working hard to scale up amid a surge in activity on Solana.
Crypto was absent from the first batch of President Trump's executive orders and pardons, but the market is confident it will come soon.
During the oath-taking ceremony, as the President of the United States of America, Donald Trump failed to mention about cryptocurrencies in his speech. This further led to a significant overnight correction in the crypto market, with Bitcoin price retesting its $102k level. Moreover, the memecoin segment recorded the highest correction with Trump meme coins crashing …
Data shows TRUMP amassed over $19 billion in volumes over a 24-hour period, while MELANIA saw $4.5 billion exchange hands.
The crypto community was left in suspense as President Donald Trump’s inaugural speech omitted any mention of cryptocurrencies, leaving the industry’s future under his administration unclear. This absence has seen crypto options signaling losses for the Ether-Bitcoin Ratio, while bitcoin price saw a slight price drop. Trump Speech Skips Crypto During his inauguration, Trump spoke …