Dogecoin Price Closes In On Major Trendline For Breakout To $1
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Dogecoin price is closing in on a critical technical trendline that could ignite its next major rally. After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target. $1 Dogecoin Price Target Closer Than Ever Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle. Based on his technical analysis, DOGE is once again mirroring a historical breakout pattern that previously led to an explosive surge in price. Related Reading The analyst shared a Dogecoin price chart with two main sections highlighted. The first green box, between September to November 2024, shows a historical breakout that occurred after the meme coin broke above a critical descending trendline. Following this breakout, the price surged significantly over the next 55 days. Notably, the descending trendline has acted as a strong resistance for months. However, with Dogecoin’s momentum currently building, Master Kenobi believes that a strong breakout is imminent. Looking at DGOE’s price action, it appears the same conditions for its previous breakout are forming again. Master Kenobi’s technical analysis suggests that a breakout above the current descending resistance line could spark a similar rally, one that could potentially take Dogecoin from its current price of $0.158 to $0.9 or even $1. Such a move would represent a staggering gain of approximately 533%. DOGE is now trading at $0.15. Chart: TradingView Similar to past trends, Dogecoin’s current chart indicates a projected 55-day move following the breakout, with the green arrow and shaded box indicating a path to the conservative $0.9 target. This would place Dogecoin’s target window during the first few weeks of June, aligning closely with historical timelines from the last major breakout. Adding to the optimism, Dogecoin’s Relative Strength Index (RSI) currently sits around 43.35 — a level typically considered a neutral to oversold zone. The current descending resistance line has already been tested multiple times, meaning a clean daily close above it could spark Dogecoin’s next major rally. Dogecoin RSI Shifts From Bearish To Bullish Dogecoin is showing promising signs of a bullish reversal after a key breakout of a technical pattern on the 4-hour chart. According to a recent chart analysis by crypto analyst Trader Tardigrade, Dogecoin has exited a Falling Wedge formation and is preparing for an uptrend continuation. The breakout was confirmed as the RSI crossed above the 50 level, signaling a shift from bearish to bullish sentiment among traders. Related Reading Before the Falling Wedge breakout, Dogecoin had been trading in a downward channel, characterized by lower highs and lower lows. This pattern often precedes an upward price movement, and Dogecoin seems to be following through with this trend. As a result, the analysis suggests that Dogecoin could push toward stronger resistance levels in the short term. Featured image from Pexels, chart from TradingView
Brace For Impact: Dogecoin May Plunge Before Skyrocketing 400%—Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Dogecoin still remains capped at the $0.15 level with its price trading at $0.158, having decreased 0.35% in 24 hours and 2.02% in the last week. Related Reading Various attempts to pierce key levels have been unsuccessful, with prices going as low as $0.149 before recovering marginally. Market observers indicate that these short-term setbacks could be a prelude to monumental price swings in either direction. Possible 40% Fall Before The Huge Rally A fresh analysis published on TradingView by SwallowAcademy indicates Dogecoin might see a dramatic drop before any significant price increase. The analyst looked into DOGE’s price action compared to Tether (USDT) on daily charts, where the meme coin has been known to be extremely volatile. Dogecoin might plunge first before surging, according to SwallowAcademy. Their plots indicate a sudden spike in the beginning of 2024 followed by a decline from highs around $0.23, then another downslide to $0.09 mid-year before recovering above $0.45. SwallowAcademy thinks that the same trend may develop in 2025. However, their prediction is that Dogecoin may decline another 40% to around $0.09, creating a zone of support before, possibly, skyrocketing 400% to $0.45. The price stands at over $0.15 currently, and the analyst is holding out for the anticipated drop to $0.09. The ‘False Break’ Pattern – What It Means A standalone analysis by Trader Tardigrade indicates Dogecoin’s initial “false break” since December 2024. The cryptocurrency has, in general, traced a downtrend of lower highs and lower lows, which are common bearish market indicators. After dropping to $0.13 on April 7, though, the price did bounce briefly before declining once more. DOGE is currently trading at $0.15. Chart: TradingView Trader Tardigrade reads this as a “false breakdown” – potentially indicating the end of the downtrend. With prices remaining above the support line for a few days, this pattern may indicate an imminent bullish reversal. Based on their analysis, Dogecoin may aim for $0.42 if the reversal occurs. #Dogecoin Makes a False Break for the First Time Since Dec 2024 🔥 It’s staying above the support line for days, confirming the characteristics of a false break. A new $DOGE bull run could start from this false break 🚀 pic.twitter.com/e8ui5FuFxV — Trader Tardigrade (@TATrader_Alan) April 15, 2025 Dogecoin Holder Behavior Statistics from IntoTheBlock show trends in Dogecoin holder behaviors that are differing. Long-term holders (more than one-year holders) lost 2.65% last month. The mid-term, or “Cruisers,” as they’ve been labeled by the report, who hold their coins for between one and twelve months, lost even more by 12%. On the other hand, short-term holders who held for under a month increased by 107%. This realignment is an indicator of increasing speculative demand as opposed to long-term confidence, possibly resulting in enhanced short-term price volatility. Related Reading Large Holders Show Increasing Interest In spite of the conflicting signals from general users, big holders seem more and more interested in Dogecoin. The statistics indicate a consistent increase in big holder inflows – up 5.30% in the last week and a whopping 324% in the last month. Featured image from Pexels, chart from TradingView
Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say
A recent poll indicates that financial experts remain skeptical if Shiba Inu is able to overtake Dogecoin in value. The poll, conducted by Finders, surveyed 14 finance experts for their opinion on whether SHIB will ever overtake DOGE in market capitalization. Their findings? A whopping 79% of the total participants believe that Shiba Inu will never flip Dogecoin in the area of market capitalization. Survey Reports Overwhelming Consensus Against SHIB Flipping DOGE The results point to a distinct stance by the majority of experts. A mere 7% of those polled showed confidence that SHIB would at some point in the future surpass DOGE, and these few stalwarts predicted it could occur as soon as 2026. The other 14% were uncertain about SHIB’s fate. The overwhelming rejection of Shiba Inu’s ability to replace DOGE as the leading meme coin mirrors wider market opinion regarding the two tokens. Supply Issues Present Major Hurdle For Shiba Inu Huge challenges in the SHIB token supply are one potential consideration preventing overtaking Dogecoin, Dr. Sathvik Vishwanath, Unnocoin’s jurisdictional head, disclosed. Consider the circulating supply of SHIB at 589.25 trillion versus just 148.82 billion for DOGE: the supply gap is massive. Vishwanath said that despite Shiba Inu’s excellent tokenomics and solid community support, the massive token supply keeps SHIB from taking over DOGE’s market cap. Huge Disparity In Current Market Position At present, Dogecoin is at the eighth position among cryptos with a market cap of $24.60 billion, while Shiba Inu holds 17th place with a market capitalization of $7.3 billion. SHIB would have to increase its worth by 240% to reach DOGE’s current rank by assuming that Dogecoin’s price remains constant, and both tokens share the same circulating supply. Current Whale Activity Suggests Possible Turnaround Contrary to the negative expectations of analysts, new trading statistics show a significant Shiba Inu rise. According to IntoTheBlock, with whales dominating, SHIB daily trade volume rose to 224 billion tokens in 24 hours. Inflows from large-holders increased from 96 billion SHIB on April 13 to over 224 billion on April 14. This rise in interest from major investors could be a sign of changing sentiment as whales will set up before they anticipate a move in prices. This isn’t the first time these cryptocurrencies have seen conflicts regarding superiority. In 2021, Shiba Inu briefly dethroned Dogecoin when its market cap touched $39 billion. Alas, this victory was short-lived as DOGE quickly reclaimed the title of the number one meme coin. Featured image from Pixabay, chart from TradingView
Shiba Inu Smashes Records—1 Billion Transactions And Counting
The Layer-2 blockchain of a popular meme coin has achieved a remarkable feat processing over 1 billion transactions since its inception in 2023. The significant milestone attained by Shibarium, the Layer-2 blockchain of Shiba Inu, could be an indication of the growing adoption of the token within the cryptocurrency space. Shiba Inu Milestone: 1 Billion Transactions Reports disclosed that in less than two years, Layer-2 blockchain Shibarium has already made a mark in the crypto space after the token has processed its 1 billionth transaction. Meme coin Shiba Inu only introduced Shibarium in August 2023 and four months before celebrating its second anniversary, its transaction volume has surpassed the 1 billion mark. Analysts said that Shibarium achieved the incredible feat of 1 billion transactions yesterday, March 31, noting that the Layer-2 blockchain was able to reach that level after recording four million transactions daily. As of writing, Shiba Inu’s blockchain has reached the record level with a current transaction volume of over 1.001 billion. Market observers believed that Shibarium’s achievement suggested that the blockchain can handle high transaction volumes, which they attributed to the token’s robustness and the active participation of the blockchain community. Faster Than Bitcoin Crypto analysts said that other blockchains like Bitcoin and Ethereum have already processed more than a billion transactions. However, they noted that what makes Shibarium’s achievement stand out is the speed at which it reached that remarkable feat. Market observers compared Shibarium with other established blockchains that attained the same mark. They explained that Shibarium’s journey to attain 1 billion transactions is unique because the Layer-2 blockchain achieved it faster than the other blockchains. For example, Bitcoin needed 15 years to reach 1 billion transactions, while Shibarium did it in less than two years. Over 193 Milion Addresses Aside from the milestone in transactions, the popular L2 blockchain also has more than 193.93 million blockchain addresses that have interacted with Shibarium since it was introduced in 2023. According to Shibariumscan, Shiba Inu’s blockchain network boasted a total of 10.23 million mined blocks, with an average block time of 5.0 seconds. The Layer-2 blockchain was launched on August 16, 2023, after posting its first transaction. Early in its operation, the Shibarium faced technical issues that put it offline for two weeks after it was launched. It went online again in late August 2023 and has been operational ever since. Featured image from Gemini Imagen, chart from TradingView
XRP To $27 In 60 Days? Analyst Sees Deja Vu In Price Action
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley! So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A big player in the world of Pepe coin has cashed out a large chunk of their holdings, causing the price of the meme coin to wobble. This investor, who got in early on Pepe, sold off 150 billion tokens on a crypto exchange, Binance. The sale amounted to about $1.14 million. It’s a significant move that has caught the attention of people who follow the ups and downs of these digital currencies. Related Reading Early Investment Pays Off Big The story gets even more interesting when we look at how much this investor initially put into Pepe. Reports say they only spent around $2,184 to buy a massive 1.5 trillion Pepe tokens way back when. A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago. This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).https://t.co/tyzLr10sGj pic.twitter.com/FD6fFpyqCi — Lookonchain (@lookonchain) March 29, 2025 Now, after selling off some of their stash, this person has already made a profit of $6.66 million. That’s like getting back almost 4,718 times their initial investment. Even after this big sale, they still have a considerable amount of Pepe left – about 493 billion tokens, which are currently worth around $3.64 million. Price Takes A Dip News of this large sale seems to have affected the price of Pepe. Over the last day, the value of the coin dropped by about 4.59%, according to the transaction. Other sources are even reporting a slightly bigger drop, over 5%. Right now, one Pepe coin is trading for about $0.00006976. It’s a reminder that when someone holds a lot of a particular cryptocurrency, their actions can have a real impact on the market price. PEPE market cap currently at $2.9 billion. Chart: TradingView Market Shows Signs Of Weakness It’s not just this big sale that’s putting pressure on Pepe’s price. The total cryptocurrency market has been moving a bit slow recently, and that’s contributing to the negative trend for Pepe. Although the price is lower, plenty of trading is still going on with Pepe. The trading volume in one day has actually increased by around 3.90% to $421.28 million. That indicates that even with the price decline, individuals are continuing to buy and sell the meme coin. Related Reading Technical Indicators Point Downward Glancing at some of the technical charts that traders follow, things don’t appear too good for Pepe at this moment. One of them, known as the MACD, indicates a bearish signal, which means the price may continue to go down. Another one, the RSI, is in what’s termed “oversold” territory, at 24.55. This generally indicates there’s been considerable selling pressure. Data also shows that money has been flowing out of Pepe since the middle of January, which isn’t a good sign for its price. Some analysts are even predicting that if Pepe stays below a certain price point, around $0.0000075, it could fall another 20% to about $0.00000585. Featured image from Gemini Imagen, chart from TradingView
Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A Shiba Inu marketing executive has sparked talk about a possible ETF for the popular meme cryptocurrency. Her recent statements come as the token saw its burn rate jump by more than 8,000% in a single day, according to market watchers. Related Reading SHIB Exec Points To Exchange Presence As ETF Factor Lucie, who serves as a marketing lead for Shiba Inu, posted on X that SHIB has the right qualities to become an ETF. She highlighted that the cryptocurrency is currently available on over 110 exchanges with 212 trading pairs. This wide availability, she says, makes SHIB a strong candidate for an exchange-traded fund. “Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” Lucie wrote in her post. Her comments have gained attention as investors look for signs that meme coins might follow the path of Bitcoin and Ethereum in securing ETF approval. SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.It’s basically everywhere: easy to access, easy to trade. Is SHIB good for an ETF?YES. Will boomers invest in a “doggy coin”?Also yes.Because SHIB isn’t just a meme—it’s… — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025 Recent Crypto ETF Filings Fuel Speculation The conversation around a possible Shiba Inu ETF follows several developments in the cryptocurrency ETF space. According to reports, Canary Capital recently filed an S-1 form with the US Securities and Exchange Commission seeking approval for a SUI ETF. The SEC has also acknowledged Grayscale’s filing for a Dogecoin ETF, which has increased talk about similar opportunities for other meme coins. Some market watchers have suggested that BlackRock might file for a Dogecoin ETF, though this remains unconfirmed. These developments have created an atmosphere where investors are considering which cryptocurrencies might next receive ETF treatment. Massive Jump In Burn Rate Catches Investor Attention As ETF discussions picked up steam, SHIB saw its burn rate increase by 8,457% on Monday. Based on data from tracking sites, more than 1 billion SHIB tokens were permanently removed from circulation in a 24-hour period. The burn mechanism works by sending tokens to a specific address where they can never be retrieved, effectively reducing the total supply. After this large burn, the circulating supply stands at 584.35 trillion coins. Cryptocurrency markets often react positively to supply reductions, following basic supply and demand principles that suggest fewer available tokens might lead to price increases. SHIB market cap currently at $7.7 billion. Chart: TradingView.com Price Movement Remains Modest Despite Market Optimism Despite the excitement around potential ETF developments and the dramatic burn rate increase, SHIB’s price movement has been relatively small. The meme coin saw just a 1% price increase, reaching $0.00001303 at the time of writing. The price ranged from $0.0000128 to $0.00001309 over the previous 24 hours, showing limited volatility despite the news. Related Reading Meanwhile, market data from Coinglass shows growing interest in SHIB derivatives. The open interest in Shiba Inu futures increased by 3.5% to $120 million, while trading volume jumped 20% to $70 million. These indicators suggest one thing: traders are now paying close attention to the meme coin — even if the price hasn’t yet reflected the optimism expressed by community figures and some investors. While a Shiba Inu ETF would provide some boost to the appeal of Shiba Inu, regulatory approval remains up in the air. The SEC has only recently approved Bitcoin and Ethereum ETFs after years of applications, suggesting that meme coins may face a long road to similar recognition. Featured image from Gemini Imagen, chart from TradingView
Shiba Inu Breaks Barriers: 1.5 Million Holders And 10M Blocks On Shibarium
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The ecosystem of a popular meme coin has attained two major milestones, showing the continued interest in the token that could lead to a bullish scenario. Analysts reported that Shiba Inu recently reached 1.5 million holders while its Shibarium recorded 10 million blocks, an indicator that the SHIB ecosystem could attract new users. Related Reading 1.5 Million SHIB Holders Crypto analysts revealed Shiba Inu successfully achieved a major milestone, offering a bright spot for the broader cryptocurrency market which has faced some challenges recently. The project’s marketing lead, LUCIE noted that the meme coin hit 1.5 million holders on March 18, reaching such a milestone is an important achievement for any crypto. As of writing, about 843 new holders have joined the Shiba Inu ecosystem, indicating that the token remained attractive to traders. SHIB has reached 1.5 million on-chain holders! 😍 pic.twitter.com/sKaAO57R6I — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 18, 2025 Analysts believe that Shiba Inu’s milestone suggests continued interest in the meme coin, fueling the token’s significant growth. It also showed a bullish outlook on the meme coin. Market observers said that the milestone might signify the unwavering belief of its community in the token. 10 Million Blocks For Shibarium Meanwhile, Shiba Inu’s Ethereum Layer 2 network, Shibarium also recorded a win after surpassing 10 million blocks with an estimated 10,010,974 blocks as of press time. Crypto analysts said that this achievement is proof of the network’s longevity and reliability, adding that it could entice more new users. Market observers noted that the network has experienced exponential growth in total addresses in the last few weeks as it now tallies almost 175 million. Shibarium’s growth is crucial in burning SHIB tokens and a major price control mechanism. Many investors are optimistic that diminishing supply and solid demand might send the token to surge. Shibarium played an essential role in burning around 713 million SHIB. SHIB market cap currently at $7.59 billion. Chart: TradingView Unmoved By The Crypto Downturn Many analysts say that milestones achieved by Shiba Inu and Shibarium offer a great deal of hope to investors, considering the ongoing downtrend in the cryptocurrency market. For instance, Shiba Inu tanked by about 68% in the last four months, dipping from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025. On the other hand, some analysts raised their concern about Shiba Inu underperforming the competition, noting that the token only increased by 98% following the US presidential election, while the Dogecoin skyrocketed by 200%. Related Reading Currently, Shiba Inu is traded at $0.00001288 per token, down by 0.2% in the past 24 hours with a total market cap of over $7.5 billion. Featured image from Getty Images, chart from TradingView
Shiba Inu Burn Update: 99.44% Daily Burn Crash Could Spell Trouble For Meme Coin
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Shiba Inu’s price action in the past 24 hours has been characterized by a brief recovery after hitting a low of $0.00001237. This 24-hour price recovery is part of a 15% recovery after Shiba Inu reached a low of $0.00001102 on March 11, which is its lowest point in over a year. In spite of the modest increase in price, a slowdown in a key Shiba Inu metric might threaten this price recovery that’s just beginning. This threat is revealed in the Shiba Inu burn rate, which has taken a massive 99.44% nosedive in the past 24 hours. Related Reading Shiba Inu Burn Rate Plummets 99% In A Day Shiba Inu’s burn mechanism has long been considered a vital factor in its tokenomics, reducing the supply to create scarcity and, in turn, drive up value. However, in the last 24 hours, on-chain data shows that SHIB’s burn rate has dropped by an alarming 99.44%, which is a sharp change to the relatively high burn numbers recorded in previous days. SHIB market cap currently at $7.52 billion. Chart: TradingView.com According to data from the Shiba Inu burn tracker Shibburn, a total of 2,811,819 SHIB tokens have been sent to burn addresses in the past 24 hours. Although this might look like a lot of tokens at first glance, it actually falls short of the volume required to make an impact in the current market conditions. It also marks a 99.44% decline from the over 500 million SHIB tokens burned in the previous 24-hour timeframe. Shiba Inu Burn Crash Could Spell Trouble With Weak Market Sentiment The burn rate’s volatility has often coincided with fluctuations in trading volume and overall market sentiment, and this latest crash raises doubts about whether investors are still committed to the long-term burn initiative. The idea behind the Shiba Inu burn process, where SHIB tokens are sent to any of three dead wallets, is that the available supply diminishes by continuously removing SHIB tokens from circulation. This, in turn, makes the remaining tokens more valuable and helps prevent further price declines during market crashes. Related Reading At the time of writing, Shiba Inu is trading at $0.00001285, up by about 3% in the past 24 hours. A resurgence in the burn rate would be an important factor for Shiba Inu to maintain its recent gains and push for further recovery. A consistent and substantial burn rate would contribute to the notion that Shiba Inu has already established a local bottom at $0.00001102 and pave the way for a stronger uptrend. On the other hand, if the burn rate continues to decline over the next 24 hours, it could weaken this recovery effort and increase the likelihood of a retracement back toward its March 11 low. Featured image from Gemini Imagen, chart from TradingView
Dogecoin Recovery In Sight? Key Metrics Predict A Strong Bounce
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. After months of struggle in gathering momentum, Dogecoin (DOGE) might be about to undergo a dramatic price reversal. Monitoring the movements of the meme coin, analysts believe it has hit a turning point and might thus launch a quick comeback. The question at hand is whether Dogecoin can seize this opportunity and emerge from its decline, as key indicators are currently displaying bullish signals. Related Reading Analysts Spot Signs Of A Bottom Some analysts contend that Dogecoin has already reached its lowest price point, which could potentially lead to a rebound. A prominent crypto analyst, Trader Tardigrade, has observed that DOGE has been adhering to a long-term price channel. The overall pattern indicates that a bottom has likely formed, despite the fact that it has momentarily moved outside the channel’s boundary. #Dogecoin has been following this Macro Channel since its inception 🔥Deviations have occurred at the channel’s edges historically.If $Doge remains within the channel without deviation this time, it has already reached the bottom 🚀 pic.twitter.com/fzDDW4HDqe — Trader Tardigrade (@TATrader_Alan) March 13, 2025 Other analysts noted that the TD Sequential indicator, which is used to predict trend reversals, has sent out a buy signal on Dogecoin’s daily chart. This indication has historically been linked to price gains, suggesting that DOGE might be about to enter an upward trend. Trader Tardigrade’s analysis on X. Crucial Levels To Keep An Eye On Support and resistance levels will be critical in determining Dogecoin’s next moves. At the moment, the $0.16 level is showing signs that a support will emerge. Market observers believe that if the meme coin can keep a solid footing on this level, it could muster enough steam to rally toward much higher price targets. Under ideal conditions, some predictions suggest that Dogecoin may reach $2.74. Compared to its current state, this would represent a significant price hike. However, DOGE needs to surpass a number of resistance zones, including the $0.30 and $0.50 marks, before this can happen. DOGE is currently trading at $0.16. Chart: TradingView Uptick In Market Activity Encourages Optimism Another element that is giving Dogecoin a good ounce of lift is the elevated market activity of the meme crypto. For instance, in a 24-hour span, the number of active wallets on the network jumped 270% and totaled 264,000 overall. Usually, an increase in this department indicates rising enthusiasm among consumers and investors. Meanwhile, significant investors, referred to as “whales,” have been acquiring DOGE at an accelerated rate. Whales accumulated 1.7 billion DOGE in their accounts over the past 72 hours. This level of accumulation suggests that significant stakeholders value Dogecoin at its present price. Related Reading Dogecoin Outlook While the signs are promising, Dogecoin still faces uncertainty. Market sentiment, broader crypto trends, and potential regulatory moves—such as a Securities and Exchange Commission-approved Dogecoin ETF—could all impact its price trajectory. Featured image from Gemini Imagen, chart from TradingView
TRUMP Token Takedown—Did Insiders Plan The Crash?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The official TRUMP token, designed to commemorate US President Donald Trump’s second presidency, was an instant hit upon launch. The token surged from less than $10 on January 18th to a high of $74.59 on January 20th before quickly surrendering some gains within hours. Although the token remained competitive days after the president’s inauguration, by trading above $30, it quickly faded under pressure. TRUMP dipped below $20 on February 2nd, and it’s now trading at $10. Related Reading Observers say that the broader crypto market and TRUMP’s token are crashing. However, TRUMP’s crash is not without controversy—10x Research has disclosed that there was “insider play” before the coin’s massive drop. While most traders lost billions of dollars during its crash, a sizeable number of early investors cashed in for huge profits. Early Investors Cash Out Before Listing In Major Exchanges According to 10x Research, most early investors cashed in just before major exchanges listed the coin, as its value moved past $60 and briefly hit $70. The coin’s rapid surge in price was welcomed by everyone, with the early investors getting the best seats in the house. After its quick rise, TRUMP suffered a massive drop. From the low $20s, it’s now trading at $10, leaving retail and small traders with losses. The $TRUMP Dump: When the Hype Fades, Reality Hits 👇1-4) A clear example is the $TRUMP coin, where insiders and those with early access at the Washington crypto ball could buy in before the public, while exchanges rushed to list the token as it soared past $60. After briefly… pic.twitter.com/PVzLcVbL0m — 10x Research (@10x_Research) March 11, 2025 Losses related to the TRUMP price drop are reminiscent of previous bearish cycles, including the 2021 NFTs boom and bust. With the TRUMP token, the value significantly dropped within the week. By looking at the bigger picture, TRUMP token shed more than 80% since its peak last January. And on-chain data suggests that early investors quickly liquidated their positions, with retail and small traders used as pawns. Solana Chain Takes A Hit The Solana ecosystem is one of the biggest losers in the token’s crash. Aside from TRUMP, a few other Solana-based tokens faced selling pressure, including Raydium’s RAY token, which dropped by 60% in the last month. Even Solana’s native token, SOL, dropped by over 40% over the same period. The drop in value for SOL-based tokens suggests that the interest in meme coins or speculative tokens is waning. TRUMP is currently trading at $10.35. Chart: TradingView Pump.fun Also Sees Dramatic Shift Pump.fun, another leading meme coin platform, has also witnessed a dramatic drop in network activity. Over the past year, this platform processed 8.4 million meme coin launches, peaking days ahead of Trump’s inauguration. Related Reading From Christmas season to early January, up to 1.7 million meme tokens were launched on Pump.fun. However, the daily launches on Pump.fun have dropped. Also, participation rates have fallen on this platform, reflecting declining interest on this asset class. Feature image from Newsweek, chart from TradingView
XRP Set For A ‘Life-Changing’ Month? Expert Sees $27 Incoming
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months. This prediction has stirred discussions among investors, with some optimistic and others dubious. Related Reading XRP’s Breakout From A 7-Year Triangle Egrag Crypto could not be more upbeat about his projection. He assured investors that one month “will change their lives forever.” He bases this forecast on a critical breakout from a seven-year symmetrical triangle. In November 2024, XRP breached this trend, resulting in a dramatic 283% surge. The breakout has led him to believe that the token is on the verge of another explosive move. #XRP – 1 Month Will Change Your Life Forever ($9.7 – $27) 🔵 The Power of Market Waves & NarrativesWhen @ElonMusk added #BTC to Tesla’s balance sheet last cycle, many thought all companies would follow. They didn’t. Narratives come and go, but markets move in cycles.… pic.twitter.com/dtGFQjeUE2 — EGRAG CRYPTO (@egragcrypto) March 7, 2025 Many traders use these trend lines to spot possible pricing patterns. The case is that earlier breakouts have caused significant price movements and history often repeats itself. Still, other observers think that legal obstacles and macroeconomic variables could pose a challenge to XRP’s development. Key Levels To Track There is not a straight line to $27. Egrag Crypto exposes the major hurdle XRP has to overcome. The token must first break through $2.62 then cruise to $3.00 and $3.40. Historically, these price points have been key obstacles, stopping XRP from rising. Should XRP effectively get rid of these obstacles, the next aim is roughly $6. Egrag projected back in December 2024 that by the end of the month this level will be attained. His latest outlook suggests that a push beyond $6 could lead to a full rally toward $27. XRP market cap currently at $127 billion. Chart: TradingView.com Comparisons To The 2017 Bull Run Some of the excitement around this prediction comes from historical trends. Egrag Crypto and others have drawn comparisons between XRP’s current trajectory and its performance in 2017. Back then, XRP experienced a massive rally that took its price from a few cents to an all-time high of $3.40. If the token follows a similar path, a rally of over 700% could be in play. That would mean XRP jumping from its current levels to $27. While such a move isn’t impossible in the crypto market, skeptics warn that past performance doesn’t guarantee future results. Related Reading Skepticism And Investor Caution Not everybody is persuaded. The continuing legal dispute between Ripple and the SEC is one of the regulatory problems that XRP has faced. These legal questions worry some traders since they could stop any meaningful price movement. Additionally, broader market conditions, such as interest rate decisions and Bitcoin’s price action, could influence whether XRP sees another massive rally or remains range-bound. Despite these doubts, Egrag Crypto is still sure about his estimate. Whether XRP reaches $27 or not, the next major movement in the next months will be vital in deciding it. Investors will be watching closely to see if this bold projection comes true. At the time of writing, XRP was trading at $2.19, down 1.60% and 17.53% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView