Tag Archives: dogecoin

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead. The past five weekly candles closed with a lower low. This puts the second-largest cryptocurrency in a clear downtrend. To reverse this, ETH has to move...

The cryptocurrency market has been lackluster, with top assets trading sideways, showing minimal volatility and limited price movement. Despite this period of stagnation, data suggests that most of these digital assets are undervalued and have more upside potential. SHIB, DOGE, ADA Immensely Undervalued According to Santiment’s latest findings, the 30-day Market Value to Realized Value (MVRV) ratio found several assets to be undervalued. A lower MVRV ratio indicates that...

There has been a significant shift in the distribution of Dogecoin holdings over the past year. In fact, a cohort of DOGE whales have slowly reduced their holdings, which, in turn, may have been captured by retail and mid-sized holders of the meme coins. DOGE Whales’ Distribution According to the latest analysis by IntoTheBlock, the largest Dogecoin whales – holders owning more than 0.1% of the total supply – have been steadily reducing their positions. Interestingly, their...

Memecoin bulls braced for impact as the largest asset of this kind by market cap, Dogecoin, dropped by over 10%. $60 million in DOGE futures got wiped out as a result. Huobi accounted for more than $44 million of those liquidations. Data revealed they were associated with longs – positions harnessed by users to speculate DOGE’s price rise. In contrast, only $600,000 worth of DOGE shorts, which users open to bet against the memecoin dropping in value, got liquidated in the past 24 hours. This...

CoinspeakerShiba Inu (SHIB) Whale Activity on Rise amid Heightened Crypto Selling Pressure The significant adoption of the Shiba Inu (SHIB) ecosystem in the recent past has been fueled by the notable Shibarium growth. Shiba Inu (SHIB) Whale Activity on Rise amid Heightened Crypto Selling Pressure

CoinspeakerTrump Token Whale Nets $3.7M Profit amid Wider Meme Coin Crash Despite selling a significant portion of his holdings, the whale retains 28% of his wallet in Trump tokens, valued at approximately $372,000. Trump Token Whale Nets $3.7M Profit amid Wider Meme Coin Crash

CoinspeakerDogecoin Futures Witness Largest Liquidations since May 2021 Nearly all DOGE liquidation activity in the past 24 hours stemmed from long positions, with only about $600,000 worth of shorts, or bets against the token, being liquidated. Dogecoin Futures Witness Largest Liquidations since May 2021

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a normal retest, considering the massive breakout after the ETF confirmation. As long as buyers hold the price above $3,500, there is no reason to be too...

TL;DR Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to stay dominant in 2024 due to their strong recognition and ecosystems. However, many contenders could steal their thunder this year, assuming certain factors are in place. Starting With the Leaders Meme coins have been crypto’s rock stars during this bull cycle, with many experiencing impressive price increases and receiving support from leading exchanges and prominent industry figures. They are also...

TL;DR Dogecoin (DOGE) has dropped to around $0.14, a 12% decline in a week, but some analysts expect a potential price surge based on technical patterns. Market analysis shows DOGE has strong support at $0.115 and resistance at $0.16, with an RSI of 48 indicating it is neither overbought nor oversold. Where’s DOGE Headed? The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – has been heavily affected by the recent market decline. Its price tumbled to...