Back in December 2013, when most people were still scratching their heads over what cryptocurrency even was, one bold investor made a decision that would set him on a path few could predict. At a time when Bitcoin was still the only digital currency that truly caught mainstream attention, a lesser-known meme-inspired coin named Dogecoin (DOGE) was making its rounds in internet forums. Priced at a tiny $0.00034 per coin, it attracted an audience of curious risk-takers, one of whom would later make headlines. Fast forward to 2024, and this particular Dogecoin holder decided it was time to make a move. After holding DOGE for over a decade and witnessing its wild swings, from being a niche internet joke to a mainstream sensation that grabbed headlines during the 2021 bull run, this investor made a strategic pivot. The decision? Dumping 470,000 DOGE, which at the time of the sale was worth $45,632.3, to switch to an up-and-coming player in the crypto space: Rexas Finance (RXS). Now, here’s where it gets interesting. You might assume the investor cashed out to exit the rollercoaster ride that is cryptocurrency. After all, holding DOGE for over 10 years is no small feat. But that’s not the case. Instead of walking away with a profit, this savvy investor reinvested, and his chosen destination is what’s gaining attention across the crypto world: Rexas Finance.

Why Rexas Finance (RXS)?

At first glance, moving from a well-known, top-market-cap coin like Dogecoin to a relatively new and lesser-known token like Rexas Finance might seem surprising.  However, upon digging deeper, it’s clear that Rexas Finance has been catching the attention of seasoned investors, especially those with an eye on the future of blockchain’s integration with real-world assets (RWA). Rexas Finance, an ERC-based token, is breaking into the crypto landscape by offering something unique: the ability to tokenize real-world assets. This means assets like real estate, commodities, artwork, and other physical items can now be tokenized and traded on the blockchain, a concept that has been gaining serious traction in recent years. Unlike Dogecoin, which started as a joke and eventually became a community-driven powerhouse, Rexas Finance comes with a utility that appeals to both institutional and retail investors. At the time of this writing, Rexas Finance is in its stage 1 presale, with the token price set at $0.030 per RXS. The plan? To have RXS listed at $0.20 once the presale of 425,000,000 tokens is completed, making early-stage investors like our DOGE convert eligible for potentially massive returns.  A quick calculation suggests that should the token hit its expected listing price, those buying in at $0.030 could see a six-fold increase in value. And that’s what our investor, who has seen the highs and lows of Dogecoin, has his eyes set on.

A Seasoned Move By the Dogecoin Investor?

While some might question the wisdom of jumping from a high-profile asset like Dogecoin, it’s clear that this investor has done his homework. The switch to Rexas Finance shows not only a keen sense of timing but also a deep understanding of where the next wave of crypto growth may come from: the RWA market. With $45,632.3 worth of Dogecoin sold, this investor now holds a sizable amount of RXS tokens, positioning himself for the next potential rally in the blockchain space. And if Rexas Finance continues gaining momentum, he could very well be at the forefront of a new era in crypto investments. But why Rexas Finance over more established alternatives like Solana (SOL) or Ethereum (ETH)? The answer lies in the opportunity that comes with being early. The investor recognized that unlike Solana, which has already made waves in decentralized finance (DeFi) and smart contracts, Rexas Finance is just getting started. Its presale and upcoming listing on major CEX and DEX platforms provide the kind of upside potential that long-term holders love to see, a trait that mirrors this investor’s patience with Dogecoin over the years.

Conclusion

From a market analyst’s perspective, this investor’s move makes a lot of sense. Having experienced the highs and lows of Dogecoin, he’s now positioning himself in the RWA space, which is expected to be one of the hottest trends in the next crypto cycle. In the end, one thing is for sure, this investor has positioned himself to be part of something revolutionary. If the trajectory of Rexas Finance mirrors that of early-stage Dogecoin, this could be the move that makes headlines again in another decade. And just like before, this investor will be there, patiently waiting for his next win.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Key Takeaways:

Dogecoin price started a recovery wave above the $0.0950 resistance.

DOGE cleared a key bearish trend line with resistance at $0.1020 on the daily chart.

The price must clear the 50-day simple moving average (blue) to gain a bullish pace.

Dogecoin DOGE price prediction

DOGE is attempting an upside break above $0.100. Dogecoin price must stay above the $0.0950 zone to start a fresh rally.

Dogecoin Price Aims Fresh Surge

This past week, Dogecoin price extended losses below the $0.0950 level. It even spiked below the $0.0900 level before the bulls emerged. A low was formed at $0.0892 and the price recently started a recovery wave, similar to that of Bitcoin and Ethereum.

DOGE was able to surpass the $0.0950 resistance level. There was a clear move above the 50% Fib retracement level of the downward move from the $0.1155 swing high to the $0.0892 low.

Dogecoin price daily chart | Source: DOGE/USD on TradingView.com

The bulls pushed the price above a key bearish trend line with resistance at $0.1020 on the daily chart. Finally, the price tested the 61.8% Fib retracement level of the downward move from the $0.1155 swing high to the $0.0892 low at $0.1050.

The current price action is positive, and the recent breakout above the trend line could spark a decent surge. However, many hurdles await the upside. Immediate resistance sits near the $0.1050 level.

The first major barrier is the 50-day simple moving average at $0.1075. A close above this resistance zone could send the price further higher. The next key resistance is near the $0.1155 high, above which the price could accelerate higher.

In the stated case, DOGE could rise and test the $0.1320 resistance. Any more gains might send DOGE toward the $0.1440 level in the coming days.

Another Decline In DOGE?

Conversely, Dogecoin might fail to surpass the $0.1050 resistance or the $0.1075 zone. The price might revisit the $0.100 support zone in the stated case. The next major support is near the $0.0950 level. A close below $0.0950 might spark heavy bearish moves.

The next major support is $0.0880. If the bulls fail to defend it, the price might struggle to stay above $0.0820. The next key support is near the $0.0750 region.

Overall, DOGE is attempting a fresh increase above $0.100. To start a fresh surge in the near term, DOGE must settle above the 50-day simple moving average.

The post Dogecoin (DOGE) Flashes Breakout Signal But 50-DSMA Stands In The Way appeared first on CoinChapter.

The post Pepe Outpaced By AI Meme Coin; Analysts Predict Raboo To Surpass DOGE In 2025! appeared first on Coinpedia Fintech News

This year started with top meme coins thrust onto the center stage. PEPE went $0.00001718 ATH and DOGE tipped in the same line to a $0.22 yearly high. But their fickle nature kicked in, and top meme coins lost their steam. Amidst this rollercoaster ride, AI meme coin Raboo has made a grand entry with its redefining look on the meme culture. Its ongoing presale has out-hopped PEPE in demand and gains – pulling in over $2.4M in just weeks. Even analysts have predicted Raboo ($RABT) will topple DOGE by 2025. Let’s find out why.

PEPE struggles as top meme coins continue to decline

PEPE is an important part of the ERC meme culture. It all began with a “by the people, for the people” revolution, and PEPE went an astonishing 1,000% to a new all-time high. However, the harsh reality set in, and PEPE’s fickle nature lay bare. A massive 42% crash in the past 90 days has left investors in despair. 

Today, PEPE has fallen to a support level of $0.0000071, and experts’ inputs are not looking pretty. Technical indicators flash a warning sign that could trigger a further drop to $0.000006 as whales’ selloff shoots up.

Dogecoin Up 9%. Can DOGE recover from whales’ outflow?

DOGE didn’t have the same spectacular 2021 bull ride this year but had a monumental surge. But for a top meme coin that jumped 400% to $0.22, DOGE’s losing its steam and falling below $0.01035 screams the need for innovation in the meme culture.

Since August, DOGE has been struggling to break above $0.12. Adding to the concerns, whale activities have significantly declined. Onchain inflow also went down a massive 88% as investors moved to promising, value-driven tokens like Raboo.

AI meme coin Raboo dominates ICO with a 90% gain. Analysts predict RABT to eclipse DOGE

Unlike top meme coins like PEPE and DOGE, Raboo bucks up the meme narrative with a touch of innovation and AI ingenuity. Greatness is no easy feat! Raboo and its carefully laid out roadmap plans and a comprehensive vision highlighting its commitment to truly disrupting the meme culture. 

Raboo’s staking plans, NFT collection launch, and passive income post-to-earn program have attracted massive attention. But none has been as intriguing as the Rabooscan AI tool. This AI meme coin gives every meme enthusiast an enabling platform to bring their meme ideas to life with the AI-powered meme-generating and launchpad protocol.

Imagine how well a project at the crosshair of DeFi’s $2T market, meme coins’ $39B market, and AI crypto’s $21B will do. That’s an easy 100x to a billion-dollar valuation. In fact, experts had predicted it would outperform DOGE and PEPE in 2025. And now, its ongoing presale has gone 90% after accruing $2.4 million in record time.

Conclusion

The crypto market thrives in innovation, and neither PEPE nor DOGE boasts half the ingenuity Raboo possesses. It’s a no-brainer! The savvy and smart investors know Raboo is an easy billion-dollar asset, and that’s why thousands are rushing to snap up their share. The presale is still on for just $0.0057 in Stage 5 but won’t remain there for long. 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official

PEPE has a strong community and viral appeal could drive a massive surge by 2025.  

DAWGZ offers utility in dApps and DeFi, making it a contender for 100x gains.  

DOGE is a resilient meme coin with real-world use and Elon Musk's continued support.

Investors are always on the hunt for that next 100x opportunity. While the crypto market is unpredictable, some tokens show promise. A mix of community support, utility, and solid fundamentals could push certain altcoins to the moon. Today, we explore why PEPE, DAWGZ, and DOGE are poised for 100x gains by 2025.

Pepe Unchained (PEPE): Riding the Meme Wave

                 Source: Trading View 

Pepe Coin (PEPE) is quickly becoming the meme coin to watch. Thanks to its strong community backing and viral potential, PEPE could ride the same wave that made other meme coins soar. With a clever marketing strategy and a playful take on Pepe the Frog, PEPE has captured the hearts of many crypto enthusiasts. If this momentum continues, the token could easily see a massive surge by 2025. 

Base DAWGZ (DAWGZ): The Underdog with Utility

              Source: Trading View 

Base DAWGZ (DAWGZ) is more than just a meme token. Built on the Base blockchain, DAWGZ offers real utility with a focus on decentralized applications (dApps) and DeFi services. This token has been flying under the radar but has a loyal community and strong development team. DAWGZ’s use cases in DeFi and potential for wider adoption make it a solid contender for 100x gains by 2025.

Dogecoin (DOGE): The King of Meme Coins

              Source: Trading View 

Dogecoin (DOGE) needs no introduction. Once a joke, now a crypto giant, DOGE has a huge and devoted following. DOGE has seen real-world use in tipping, payments, and charity. With Elon Musk’s continued support and new developments in the pipeline, Dogecoin still has plenty of room for growth. 

DOGE has proven it can survive multiple bear markets. Its resilience could lead to another price explosion by 2025. These three altcoins—PEPU, DAWGZ, and DOGE—are worth watching closely. Their unique qualities and strong communities could drive significant growth, making them potential 100x candidates.

The post 3 Altcoins Poised for 100x Gains by 2025: PEPE, DAWGZ, DOGE appeared first on Crypto News Land.

This article was paid for**

The Dogecoin price is on the cusp of a major bull run, reminiscent of its rallies in 2017 and 2021. 

DOGE is currently trading at $0.103 at press time, with a market capitalization of $15 billion. However, several key signals – including its weekly RSI – indicate that the meme coin market leader is on the verge of a bullish breakout that could see it pushing towards a new all-time high. 

A Dogecoin rally has the potential to kickstart a meme coin mania, a scenario that smart money investors are already preparing for. New meme coins like Shiba Shootout are in heavy demand and investors are aiming for 100x returns with such low-cap gems. 

Dogecoin Price To Hit New All-Time High As Weekly RSI Reaches 2017 Level

The perfect storm appears to be brewing for Dogecoin. 

For instance, a popular crypto trader Master Kenobi (@btc_MasterPlan) highlights key similarities between the Dogecoin price chart today and before the bull rallies in 2017 and 2021. 

The Dogecoin weekly RSI (Relative Strength Index) is currently at the same level as it was before the start of the 2017 bull run and only slightly below the 2020 mark. 

If history repeats itself, this could be DOGE’s signal to create a new bullish trajectory to $0.89 in the coming weeks. 

Additionally, Dogecoin has secured a major breakout against Bitcoin after 165 days of downtrend. 

DOGEBTC after 165 days of downtrend #DOGE #BTC pic.twitter.com/zorbabkjre

— Master Kenobi (@btc_MasterPlan) September 9, 2024

Indeed, the DOGEBTC trading pair is up by 8.3% over the past week, indicating substantial bullish strength in the top meme coin. 

Crucially, there is an abundance of bullish narratives for DOGE to rally around. For instance, former President Donald Trump has announced a Government Efficiency Commission if he wins re-election, which will be headed by X owner Elon Musk. Unsurprisingly, this is a decidedly bullish scenario for Dogecoin.

Considering that Trump is now the favourite to win in November, the Dogecoin price could deliver outsized returns in the lead-up to the Presidential elections. 

Similarly, global liquidity is on the rise again, which is always a positive development for the crypto market and meme coins. The GMI Total Liquidity Index is showing a strong uptick, which could result in a substantial bounce in crypto prices. 

The US Federal Reserve is also poised to cut interest rates by at least 25 basis points on September 18th, which is another positive development for Dogecoin. Meanwhile, a 50 bps cut – while less probable – could immediately spark the next crypto bull run. 

However, the bulls aren’t in the clear just yet. The DOGE price must secure a sustained close above the $0.10 mark, which could pave the way for a bounce to $0.15. 

On the contrary, a breakdown below could trigger further downside and consolidatory price action and put the meme coin at risk of losing its 100-week Simple Moving Average and 200-week Exponential Moving Average, both of which are trading in the $0.95 to $0.98 range. 

However, the bulls appear to be in control for now, especially if they can secure a weekly close above $0.10. 

Experts Bullish on Rising Meme Coins Shiba Shootout

A Dogecoin price rally is bullish for the rest of the meme coin space, especially for low-cap dog meme coins. 

Unsurprisingly, smart money investors are already stacking coins that fit the bill. For instance, Shiba Shootout – a new meme coin – has raised nearly $1.1 million in presale funding, signalling strong investor confidence in its upside potential. 

#SHIBASHOOT to the moon!

We've just crossed the $1M mark!

The momentum is incredible!

Huge thanks to our amazing community! pic.twitter.com/ZkVaJSCioA

— shibashootout (@shibashootout) August 22, 2024

The meme coin’s unique Wild-West theme has caught the attention of meme coin enthusiasts, as has its cowboy-themed rewards.  

For instance, its play-to-earn game – Shiba Sharpshooter – already has thousands of downloads on Google Play and the App Store as gamers battle for over $2 million in rewards. 

There is plenty in store for the non-gamers as well. SHIBASHOOT holders can stake their coins in the Cactus Staking program and earn a reward rate upwards of 850%. They can also take advantage of opportunities like refer-to-earn Posse Rewards and Lucky Lasso Lotteries. 

With such attractive perks up for grabs, it is no surprise that investors are bullish on Shiba Shootout. Some popular crypto traders like Michael Wrubel – with 312k subscribers – are aiming for 100x returns with the meme coin. 

Visit Shiba Shootout Presale

Cryptonomist did not write the article or test the platform.

Despite the sluggish phase in the cryptocurrency market, Dogecoin (DOGE) could be gearing up for a bullish breakout. According to crypto analyst Ali Martinez, DOGE has been forming a falling wedge pattern on its daily chart since March. If Dogecoin can sustain a close above $0.10, it could trigger a rally toward the $0.15 mark. …

Continue reading "Dogecoin’s Potential Breakout: Will DOGE Lead the Next Rally?"

The post Dogecoin’s Potential Breakout: Will DOGE Lead the Next Rally? appeared first on Cryptoknowmics-Crypto News and Media Platform.

The post Why Dogecoin (DOGE) Price Is Up Today? appeared first on Coinpedia Fintech News

As the crypto market records a strong bullish reversal, Bitcoin price records a 24-hour high of $58,041.12. Following this, top altcoins have followed in their footsteps and experienced a similar price action by breaking out of their respective resistance levels.

On the other hand, the memecoin category has recorded the highest gains with 5 tokens securing a spot in the daily top gainers list. The prime reason for this price surge is speculated to be increased whale activity in the market.

With this, investor’s speculations about a potential memecoin mania this year have resurfaced. Dive in as, in this article, we have covered the price analysis of the largest memecoin by market capitalization. 

DOGE Price Breaks Its Important Resistance Level

After hovering close to its support/resistance trendline of $0.101 since August. The Dogecoin price has regained momentum by adding ~5% to its portfolio over the past day. Moreover, with a jump of 15% this year, the memecoin leader has a market cap of $15.011 billion.

The Simple Moving Average (SMA) has recorded a bullish convergence in its 1D time frame. This indicates increased buying pressure for this memecoin in the crypto market.

Further, the MACD indicator has displayed a rising green histogram in the DOGE price chart. Moreover, the averages experience increased bullish action. This suggests that the DOGE coin price will continue gaining value in the coming time.

How High Will Dogecoin Go In 2024?

Maintaining the price above its support level of $0.101 could set the stage for this memecoin to test its resistance level of $0.127. Moreover, if the bulls continue to gain momentum, the Dogecoin price will head toward its upper resistance level of $0.155.

On the flip side, if the bears overpowered the bulls, the price will retest its support level of $0.101. Moreover, if the bears dominate the crypto market, it may plunge toward its lower support level of $0.0780.

Also read, Dogecoin Price Prediction 2024 – 2030

Dogecoin (DOGE) is once again at a critical juncture after facing rejection at the $0.09149 level. This pullback has pushed the price toward a key trendline, putting the cryptocurrency in a decisive position. 

As Dogecoin tests this crucial support, market watchers are eager to see if the bulls can regroup and trigger a breakout. A successful move above the trendline could open the door for a renewed rally, but failure to hold this level might lead to further downside pressure.

This analysis aims to explore Dogecoin’s current price action following its rejection at the $0.09149 level, which has driven the cryptocurrency back to a critical trendline. By examining key technical indicators and market sentiment, we aim to assess whether the bulls have the potential to ignite a breakout above this trendline or if bearish forces will continue to dominate, pushing the price further down.

Bullish Or Bearish? Analyzing Market Sentiment On DOGE

On the 4-hour chart, following the rejection at $0.09149, Dogecoin has gained momentum, recently crossing above the 100-day Simple Moving Average (SMA) and approaching the bearish trendline. The price action suggests growing positive pressure and market sentiment, which could pave the way for a potential breakout if the trendline is breached.

Also, the Composite Trend Oscillator on the 4-hour chart suggests that bullish momentum is increasing and that a potential breakout above the bearish trendline could be on the horizon as both the signal line and the RSI line of the indicator have moved above the zero mark.

On the 1-day chart, Dogecoin is showing increasing upward momentum as it seeks to break above the bearish trendline and approach the 100-day simple moving average. Specifically, the positive movement reflects growing market optimism, suggesting that if DOGE successfully surpasses the trendline, it could lead to more gains.

Finally, on the 1-day chart, the signal line has crossed above the SMA line of the composite trend oscillator, and both are moving out of the oversold zone toward the zero line. This implies that momentum is shifting positively, indicating a potential recovery and strengthening bullish outlook as the indicator seeks to exit the oversold conditions.

Key Trendline In Focus: Will Dogecoin Hold Or Fold?

If Dogecoin can break through and hold above this trendline, it may signal a bullish continuation, potentially leading to gains toward $0.1293. A successful breach of this level could pave the way for further increases, with the price possibly testing the $0.1491 mark and exploring even higher resistance zones.

However, should Dogecoin fail to maintain its position above this level, it might drop to the $0.09149 support range. A break below this support could lead to additional declines, with the price potentially testing the $0.07456 mark and reaching other lower support ranges.

Dogecoin, with a market capitalization of over $15 billion and a trading volume exceeding $659 million, was trading around $0.103, marking a 6.49% rise at the time of writing. In the past 24 hours, its market cap has surged by 6.50%, while trading volume has skyrocketed by 52.84%, reflecting renewed interest and bullish momentum in the market.

Source: NewsBTC.com

The post Dogecoin Rejected At $0.09149, Heading For Key Trendline Support appeared first on Crypto Breaking News.

Elon Musk’s recent DOGE Gov meme post has led to intense speculation about his possible involvement in government if Donald Trump wins the November 2024 election. The post, shared on X, featured an AI-generated image of Musk seated behind a desk with a placard reading “D.O.G.E.,” which many interpreted as “Department of Government Efficiency.” This mix of cryptocurrency and political commentary has raised eyebrows, as it hints at Musk’s potential government involvement.

Elon Musk’s DOGE Gov Meme. Source: @elonmusk

The timing of the post follows Donald Trump’s recent announcement that he plans to establish a government efficiency commission. In response, Elon Musk shared Trump’s remarks, agreeing that

“this is badly needed.”

However, despite the conversation around it, Musk hasn’t confirmed if he would accept a formal position in such a commission.

Elon Musk Supports Trump’s Government Efficiency Task Force. Source: @elonmusk Musk’s Meme Spurs Short-Lived Dogecoin Surge

The Dogecoin price saw a spike following Musk’s meme, with the coin hitting a 24-hour high shortly after the post. Although the surge brought temporary gains, Dogecoin still traded below its peak value from earlier in the week. The cryptocurrency’s performance has often been influenced by Elon Musk’s public comments, particularly when related to Dogecoin.

Dogecoin Price Fluctuation: Early September 2024. Source: CoinMarketCap

According to CoinMarketCap, the price of Dogecoin fluctuated shortly after the post but did not experience long-term significant gains. While Dogecoin saw a boost in trading volume, the overall trend remained relatively stable compared to previous highs.

Musk Open to Leading Gov Efficiency Task Force Without Pay or Title

The idea of Elon Musk teaming up with Donald Trump has gained attention, especially after Trump suggested that Musk could lead a task force focused on government efficiency. Trump proposed the formation of a commission that would audit the entire U.S. government to improve financial and performance efficiency. During a recent public statement, Trump mentioned that Elon Musk had “agreed” to take on this role, noting humorously that Musk is “not very busy.”

Despite this, Elon Musk has not confirmed a formal commitment. While he stated,

“I look forward to serving America if the opportunity arises,”

Musk also clarified that he wouldn’t need a title, pay, or recognition for his contributions.

Musk’s Offer to Serve in Gov Efficiency Commission. Source: @elonmusk Elon Musk’s Packed Schedule Raises Doubts on Potential Government Role

Trump’s comment about Musk’s availability appeared to be in jest, given Musk’s responsibilities as the head of Tesla, SpaceX, Neuralink, and xAI. He is also the owner of The Boring Company and the social media platform X, which adds even more to his busy schedule.

In recent months, Elon Musk has been involved in several high-profile issues, including legal battles with OpenAI CEO Sam Altman, a dispute over the banning of X.com in Brazil, and a public exchange with Venezuela’s Nicolas Maduro. These ongoing responsibilities may make it difficult for Musk to take on a government position, even if offered.

The post Elon Musk DOGE Gov Meme Fuels Political Speculation Before 2024 Election appeared first on CoinChapter.

Dogecoin (DOGE) shows signs of a potential breakout, with technical indicators suggesting that a bullish movement could be imminent. 

Despite the recent downturn in the broader crypto market, Dogecoin’s chart reveals a key pattern that has historically preceded significant price increases. 

Falling Wedge: A Bullish Indicator

The falling wedge is a well-known chart pattern in technical analysis, often considered a bullish indicator. This pattern forms when the price of an asset consolidates between two downward-sloping lines, representing resistance and support levels that converge over time. 

According to Ali Martinez, a prominent crypto analyst, Dogecoin has been developing this pattern since March 2024, when its price peaked at $0.22. The extended formation of the wedge over several months typically increases the likelihood of a breakout, potentially leading to a significant price surge.

Imagine if, after all this craziness, #Dogecoin is the one to break out and kick off the next leg up… Watch out for this falling wedge on the $DOGE daily chart — a sustained close above $0.10 could spark a bullish run to $0.15! pic.twitter.com/oGIeR3yHtF

— Ali (@ali_charts) September 9, 2024

Price has a tendency of making a sharp up move when the resistance level of a falling wedge is violated. This breakout has seen prices rising by between 15% and 25%, thus rewarding the traders with handsome profits. 

Source: Ali Martinez

As Dogecoin is contained within the area depicted in the chart, people in the market are looking forward to a breakout which could be the start of a new bullish trend for the cryptocurrency. 

Current Market Performance and Indicators

As of September 9th, Dogecoin’s price stood at $0.098825, reflecting a 4.23% increase in the last 24 hours. With a 24-hour trading volume of $495,835,361, Dogecoin ranks eighth on CoinMarketCap, boasting a live market cap of $14.4 billion. The cryptocurrency has a circulating supply of approximately 145.8 billion DOGE coins, with no maximum supply limit.

Source: CoinMarketCap

A closer look at Dogecoin’s price chart for September 9th reveals a steady upward trend throughout the day. The price began at around $0.09458, experiencing a notable spike early in the trading session. 

Despite minor fluctuations, the price consistently moved upwards, peaking near $0.099 by the end of the day. This steady climb suggests increased buying interest and market optimism, which could further support a potential breakout.

Technical Analysis: MACD and RSI Signals

Dogecoin’s technical indicators provide additional insights into its current market position. The Moving Average Convergence Divergence (MACD) indicator, which is widely used to gauge market momentum, shows a slightly bearish signal. 

The MACD line is marginally below the signal line, indicating limited downward momentum. However, the histogram is close to neutral, suggesting that the market could go either way.

Source: TradingView

Another technical aspect is the Relative Strength Index (RSI), which is currently trading around the midpoint of the gauge at 50. This position makes Dogecoin to be in the middle, not over bought or over sold as is the case with the current consolidation. 

 The RSI is neutral while the MACD is mildly bearish, therefore the market is in the middle of the range. 

The post Dogecoin Price Update September 9: DOGE Approaches Key Resistance: Will the Falling Wedge Trigger a Breakout? appeared first on Coinfomania.

Elon Musk has announced DOGE as the mascot for his new Department of Government Efficiency.

Following the Musk announcement, Dogecoin’s price has risen by 2.5% in a day.

Elon Musk has once again captured the attention of the Dogecoin community by announcing that “Dogecoin will serve as the official mascot for his proposed Department of Government Efficiency.” But what exactly does this mean?

Recently, the Tesla and SpaceX CEO posted a tweet referencing a “Department of Government Efficiency,” abbreviated as “DOGE,” sparking speculation that he might be eyeing a new role in government if Donald Trump wins the 2024 presidential election.

The tweet featured an AI-generated image of Musk at a desk with a sign reading “D.O.G.E.,” humorously connecting the idea of government efficiency with Dogecoin. This playful fusion of cryptocurrency and politics drew attention in the crypto community and sparked a modest rally in Dogecoin’s price.

Following that, Elon Musk highlighted his decision to DOGE as the official mascot in a follow-up tweet, where he commented on a DogeDesigner post featuring the US flag, with Musk holding up Dogecoin in his hand. The announcement has resulted in a slight uptick in Dogecoin’s value.

Impact of Musk’s Announcement on Dogecoin and Shiba Inu

Elon Musk’s recent announcement has had a significant effect on both Dogecoin and Shiba Inu. According to the CMC data, Dogecoin’s price has risen to $0.09833, with its daily trading volume surging by 26% to $470 million.

In parallel, people also connected the Shiba Inu dog, known as “Doge,” to Musk’s announcement. Since Shiba Inu is the face of Dogecoin, they see Musk’s focus on Dogecoin as a nod to the dog meme that helped popularize it. At the time of writing, Shiba Inu was priced at $0.0000132, and its trading volume climbed by 30% to $118 million.

Both cryptocurrencies have benefitted from the recent news, reflecting the continued interest and influence of Elon Musk in the world of memecoins.

Further, the U.S. District Court for the Southern District of New York recently dismissed a federal lawsuit against Elon Musk and Tesla, ruling that Musk’s tweets about Dogecoin were not misleading but rather optimistic expressions.

Highlighted Crypto News 

Spanish Banking Giant BBVA Rolls Out USDC Integration for Swiss Clients

Tesla/SpaceX centilionaire Elon Musk has once again sparked renewed optimism around the OG meme coin with his recent tweet, which indirectly referenced DOGE.

What Was Musk’s New Tweet?

Elon Musk may suggest establishing himself as the head of a new government institution if former Republican Presidential nominee Donald Trump retakes the White House in the upcoming 2024 election.

Musk shared a post on X that featured a double entendre referencing crypto and politics.

Department of Government Efficiency pic.twitter.com/HFeHYNIkJN

— Elon Musk (@elonmusk) September 7, 2024

This playful nod to Dogecoin was accompanied by an AI-generated image of Musk seated behind a desk, further captivating his followers. The image was accompanied by text reading “Department of Government Efficiency.” Ex-POTUS Trump has previously indicated that he would enlist Musk to run a “government efficiency commission” if he is reelected.

As is often the case, Dogecoin’s price jumped following Musk’s post. At the time of writing, Doge is changing hands for $0.09829, representing a 2.2 percent gain on a 24-hour basis. DOGE boasts a market capitalization of over $14.3 billion, making it the 9th most valuable crypto.

The tweet from the self-proclaimed “Dogefather” has sparked a wave of excitement and speculation in the Dogecoin community. Some believe that Musk might hint at a bigger role for Dogecoin in his business ventures, possibly integrating it into Tesla, Starlink, or X. Others see it as a continuation of Musk’s long-time evangelism of Dogecoin.

In recent weeks, the X owner has returned to making Dogecoin references in playful posts, even replying to Dogecoin-related comments. In the past month, Musk and Tesla scored a significant legal victory in a $258 billion class action suit claiming they pumped up the Dogecoin price into a “pyramid scheme.”

Can DOGE Summon Fresh Momentum To Reach $1?

In his latest analysis, popular crypto analyst Ali Martinez told his followers on Monday that Dogecoin has charted a falling wedge pattern on the daily chart.

The falling wedge is a bullish reversal setup, that is, the price will often break above the upper edge of the pattern and rally. A wedge breakout, if confirmed, would allow for a stronger corrective upsurge.

This means that if Dogecoin can close above the psychological resistance of $0.10 and hold it, it could be set for a rebound to $0.15. Such a move would potentially position the leading meme coin for an epic rally toward the elusive $1 mark.

Crypto analyst Trader Tardigrade has made an ultra-bullish prediction for Dogecoin (DOGE), suggesting that the foremost meme coin will rise to $3.7. The analyst also provided insights into when this meteoric rise will happen. 

When Dogecoin Will Rise To $3.7

The accompanying chart, which Trader Tardigrade shared in his analysis, showed that Dogecoin will rise to $3.7 in 2025 and could be the peak for the foremost meme coin in this market cycle. As part of his analysis, the crypto analyst explained why he was confident that a price pump was on the horizon for the foremost meme coin. 

Trader Tardigrade mentioned that Dogecoin consistently forms inverse Head and Shoulders in each cycle. He further noted that the mem coin is currently at the right shoulder in this cycle, meaning that the price rally that comes after the corrective move on the right shoulder is imminent. His accompanying chart showed how Dogecoin rose to its current all-time high (ATH) of $0.73 after this bullish pattern formed back then. 

It is worth mentioning that Trader Tardigrade isn’t the only crypto analyst who has predicted that Dogecoin could rise to as high as $3.7 in this bull run. Crypto analyst Kevin Capital (formerly OG Yomi) once predicted that Dogecoin could rise to as high as $3.80 and even surpass it. He explained that the foremost meme coin has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows.

Kevin also recently provided a bullish analysis for Dogecoin, stating that the meme coin should reach its current ATH or close to it in December later this year. He explained that his prediction is based on the average time between previous ATHs and crypto cycles. He urged Dogecoin holders to stay positive as the market is still in a bullish trend even though it might take a while for the meme coin to recover. 

DOGE Could Lead The Next Market Rally

Crypto analyst Ali Martinez raised the possibility of Dogecoin being the coin that first breaks out and kicks off the next leg up. The crypto analyst also gave a bullish analysis of the meme coin’s current price action. Martinez told market participants to watch out for a falling wedge on the daily chart as a sustained close above $.10 could spark a bullish run to $0.15. 

Kevin also highlighted this falling wedge pattern in a recent analysis, stating that Dogecoin was showing signs of being oversold on higher time frames and looking primed for a breakout soon. He remarked that Dogecoin’s setup is as bullish as it can be.  

At the time of writing, Dogecoin is trading at around $0.09, up over 2% in the last 24 hours, according to data from CoinMarketCap. 

Source: NewsBTC.com

The post Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When appeared first on Crypto Breaking News.

The Department of Government Efficiency price skyrocketed 97% in the last 24 hours to trade at $0.008422 as of 03:12 a.m. EST on trading volume that soared 78% to $9.8 million.

The Department of Government Efficiency (DOGE) coin is a humorous reference created by Elon Musk, playing off the name of the popular Dogecoin (DOGE) cryptocurrency. 

This reference, while primarily a joke, coincided with larger political discussions around whether Donald Trump would offer Musk an official position in his government if he retakes the White House.

Department Of Government Efficiency Price Poised For A Trend Continuation

The Department Of Government Efficiency price has been on an uptrend, as the bulls capitalized on the rounding bottom pattern on September 7 to stage an uptrend from the $0.00200 support zone, according to data from GeckoTerminal.

On the last day, the bulls used the support around the 50-day Simple Moving Average (SMA), $0.0040, to stage a trend continuation over the $0.0080 resistance.

DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued uptrend.

Moreover, the Relative Strength Index (RSI) is also moving up, currently at 66 and hurtling towards the 70-overbought region, which indicates that the Department Of Government Efficiency is under intense buying pressure.

The Moving Average Convergence Divergence (MACD) also trades above the neutral line, showing that DOGE is currently on a positive momentum.

DOGEUSD Chart Analysis Source: GeckoTerminal.com

Department Of Government Efficiency Price Prediction

According to the Department Of Government Efficiency price analysis, DOGE is currently on a bullish rally. If the bulls continue with the trend, DOGE could soar above the current price, as the bulls target $0.010 in the coming hours.

However, bearish sentiment at this level could see the Department Of Government Efficiency price plunge back to the $0.0040 level (50-day SMA).

As the DOGE price soars, so, too, is the Crypto All-Stars (STARS) presale, which has zoomed past the $1.1 million mark in funds raised.

Crypto YouTuber Jacob Bury, who has over 42K subscribers, says that $STARS has the potential to soar 10X following its launch.

Crypto All-Stars Raises Over $1.1 Million In Three Weeks – Best Meme Coin To Buy Now?

Crypto All-Stars has raised over $1.1 million in three weeks in its ICO, a remarkable feat accomplished amid a market downturn.

The project introduces an industry-first capability by enabling top meme coins that include Dogecoin ($DOGE) and Pepe ($PEPE) to be staked together, enabling their holders to earn a singular reward via the native $STARS token through the MemeVault protocol.

Why Is Everyone Excited?

In its initial presale phase, Crypto All-Stars raised over $350k! 💰

This early success shows that investors see BIG potential here. 🚀

Could this be the next $PEPE? 👀

— web3telepath (@web3telepath) August 15, 2024

Crypto All-Stars also allows users to stake Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. The project plans to add more meme coins in the coming months.

Holders can also earn passively through the project’s native staking mechanism, which offers a 1,277% annual percentage yield (APY).

You can buy the token now for $0.0014305. With the price set to increase in less than a day, act fast to lock in the best deal.

Purchase $STARS from its official website here using BNB, USDT, or a bank card.

Related News

Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now! 🎉🎉

Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟

How to Make Money with Cryptocurrency – 8 Best Ways

SHIB leader Lucie deciphers Shiba Inu’s advantage over its younger peers as canine cryptos fight for dominance.

Shiba Inu ($SHIB) is a popular meme crypto token that gained significant attention during the bull phase of 2021, following a tweet by Elon Musk, one of the richest personalities. At that time, Dogecoin (DOGE) was trending worldwide under Musk’s influence, which helped SHIB gain massive attention. However, SHIB is no longer just part of the meme culture, as its leadership has introduced multiple innovative crypto projects to bring practical use cases for the token.

Recently, Shiba Inu token leader Lucie took to X (formerly Twitter) to discuss the popularity of new meme tokens, which he believes are not as strong as Shiba Inu. 

Lucie expressed his disapproval of comparing any token to SHIB based on minimal achievements, calling it misleading to claim a token’s success simply because of “SHIB people behind it.” 

He emphasized that real assets tied to SHIB include BONE, LEASH, SHIB, Shib the MV, Shiboshis, and the upcoming $TREAT token, set to launch in the coming months. 

Lucie highlighted the ongoing efforts of SHIB’s community in supporting and building the ecosystem, noting that true loyalty and commitment are evident in this space. He advised people to focus on statistics and blockchain data, dismissing other claims as mere noise.

Yes, I’ll laugh and think you’re foolish if you compare any token to SHIB with only the bare minimum achieved.And yes, I believe you’re deceiving people by claiming a token is a success just because of “SHIB people behind it.”If you’re looking for real assets tied to SHIB,… pic.twitter.com/PwVVGAMFTx

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 7, 2024

On-chain data showed that in March 2024, Shiba Inu nearly matched Dogecoin in global crypto rankings, hitting a peak value of $21.7 billion. Both communities have 3.5 million followers on X. However, Shiba Inu and Dogwifhat have since dropped over 70%, while Dogecoin saw a less volatile 57% decline, though it underperformed during the meme coin rally.

Shiba inu price action 

The current trade price of Shib token is $0.000013 & this price is 36.5% down over the last 3 months of period.

Read also: Binance Subsidiary Tokocrypto Secures Crypto License in Indonesia

MUSK MOON Meme Coin

Musk Moon (MUSKMOON), a new meme coin on the Solana blockchain, could increase by over 18,000% soon in market cap. The bullish outlook appears due to MUSKMOON’s upcoming listings on multiple cryptocurrency exchanges, improving liquidity, which, in turn, could lead to broader adoption among traders.

Currently, the Musk Moon meme coin is only available for purchase on decentralized Solana exchanges such as Jup.ag and Raydium.io. Centralized exchanges provide greater liquidity, ease of access, and broader audience reach, which could attract more investors to the Musk Moon token.

For instance, when coins get listed on platforms like Binance, Coinbase, or Kraken, they tend to experience a price surge due to increased visibility and accessibility.

Will Musk Moon Price Actually Rise Like Other Meme Coins?

To understand the potential of Musk Moon, it is crucial to consider the returns early investors saw with Shiba Inu and Dogecoin. Early investors in Dogecoin, which started as a joke in 2013, saw a phenomenal surge in 2021. Dogecoin’s initial value was around $0.00029 and in 2021, the token reached its all time high of $0.7, increasing by over 12,000% within a few months.

Dogecoin surged 12,000% in 2021. Source: CoinMarketCap

For Shiba Inu, those who invested at its launch in August 2020 saw returns of over 21,000,000% when SHIB reached its all-time high in October 2021. For example, an investment of $1,000 in SHIB at launch would have turned into over $200 million at its peak.

SHIB surged massively within just a year. Source: CoinMarketCap

If Musk Moon replicates even a fraction of SHIB or DOGE’s success, it could turn a modest investment into a massive sum.

You May Also Like: Will Elon Musk Actually Accept Dogecoin (DOGE) Payments for Starlink?

Very Poor Liquidity, Though

MUSKMOON began with over $3,000 in liquidity, which, while seemingly impressive for a new launch, pales in comparison to larger, more established projects. It is not substantial enough to mitigate the risks of slippage or volatility, particularly if there is a sudden influx of buyers or sellers. Therefore, early investors might still face challenges when attempting to trade Musk Moon, especially in volatile market conditions.

Furthermore, requiring users to navigate decentralized exchanges like Raydium.io or Jup.ag presents additional barriers for less experienced investors. Wallets like Solflare, MetaMask, or Phantom can be set up quickly. However, the process still adds complexity compared to buying on centralized exchanges. This technical hurdle may deter potential investors, limiting the token’s accessibility.

It’s true that interest in new memecoins could rise as established tokens like Shiba Inu, Dogecoin, and DogWifHat face price stagnation. But relying on this trend seems speculative at best. These larger memecoins have developed substantial communities and brand recognition, which Musk Moon lacks.

Additionally, memecoins are inherently risky, and Musk Moon could fail to stand out in an already saturated market, where countless similar projects compete for attention. Ultimately, positioning itself as the next big opportunity may be premature, given its liquidity limitations and the challenges of gaining traction in the competitive Solana ecosystem.

The post Can Solana Meme Coin Musk Moon Really Give 18,000% Return?  appeared first on CoinChapter.

What is the price prediction for the top crypto meme Shiba Inu and Dogecoin? Analysts write the future of SHIB and DOGE. 

Shiba Inu and Dogecoin: the price prediction of meme crypto in the short term

The analysts of the instant crypto-exchange, Changelly, have published the price prediction for Shiba Inu (SHIB) and Dogecoin (DOGE), the leaders of the crypto meme. 

At the time of writing, SHIB is worth $0.000013 with a market cap of 7.7 billion dollars. DOGE, on the other hand, with a market cap of 14 billion dollars, is worth $0.098 today.

Looking at the short-term chart of Changelly, it seems that while SHIB may experience a bull followed by a bear, DOGE will see a slower but steady price increase.  

In fact, the price prediction for SHIB sees a pump in September up to $0.00002785, and then it will drop to $0.000013. 

For DOGE, on the other hand, the chart shows an upward line starting from $0.10 in September up to $0.11 in October. 

Shiba Inu and Dogecoin: the long-term price forecast of meme crypto

Always with Changelly, it is possible to see the table of the crypto price forecast over the years. 

As for SHIB, its average price could reach $0.000035 by the end of 2024, while for the year 2025 the price forecast rises to $0.000049. Changelly’s annual bull, then talks about SHIB at $0.000323 in 2030. 

Regarding DOGE, however, the tables available with its long-term price forecast are divided by years and months. 

So, looking at the average price, DOGE should end 2024 with a price of $0.114, end 2025 with a price of $0.224. For 2030, however, the average price forecast for DOGE is $1.17. 

Returning to today, memecoins are following a bit the general bear trend of crypto, led by Bitcoin.

And in fact, in the last week, the first of September, DOGE recorded a pump of only +1%, while SHIB dropped by -2%. BTC and ETH are in dump of respectively -5% and -8%. 

The latest crypto news

Talking about the two crypto memes and their price, it is also essential to take a look at the news of the two projects. 

Last July, there was talk of Ryoshi, founder of Shiba Inu who disappeared from the radar since last May, and his replacement Shytoshi Kusama, often linked to Elon Musk. In reality, this connection is based only on conjectures, which in turn are based on Musk’s fondness for meme culture. 

Regarding Dogecoin, however, Elon Musk appears again but this time for different reasons. In fact, it seems that Judge Alvin Hellesrtein, would have decided to dismiss the lawsuit filed against Musk, as alleged insider trading on Dogecoin.

At the time of writing, DOGE is at $0.09672 per coin, with a recent gain of 1.30%. There are different opinions on its further evolution; some experts foresee its volatility. There are expectations that the price of DOGE can grow significantly; however, there are also some risks to its decrease. The market has continued to remain volatile due to various factors that affect the cryptocurrency market, such as investors’ sentiments and market trends. At the same time, 5thScape offers a promising idea with the possibility of using 1000X VR/AR. This new project can be of interest to those investors in search of high yields. While Dogecoin is still struggling in the market with its rather unpredictable future, new projects like 5thScape have captured the attention of crypto whales.

Dogecoin (DOGE) Price Prediction 

If we look at DOGE’s technical analysis, it seems bulls are overpowering the bears for this veteran meme coin. With a 65% bullish sentiment, the token gives off an overall optimistic outlook. Although due to DOGE’s highly volatile nature, the news of its price forecasts should always be taken with a grain of salt. 

DOGE recently celebrated its 10-year anniversary. Subsequently, a new project named DOGE2014 was launched by its fans to honor the project’s completion of 1 decade. Despite the meme coin market being saturated with the launch of tons of new projects, DOGE still stands tall as the leader of this niche. Looking at its price insights given by yPredict’s AI and ML tools, it is expected that DOGE may deliver an ROI of 87.34% by the end of the year. It only applies when you invest in DOGE at its current price point. yPredict forecasts its peak price to be $0.209 in December, while the average price may remain $0.199. This meme coin will not be far from reaching the $1 milestone if it manages to knock off a zero in the upcoming months. DOGE reaching the $1 mark seems highly likely for the year 2025. 

However, as we mentioned earlier, it is difficult to make concrete predictions about meme coins due to their price volatility. One crypto project that may surely exceed investors’ expectations in 2025 is 5thScape. This virtual reality-integrated blockchain platform has been 2024’s hottest cryptocurrency project. With nearly $7.2 million in its bag through 6 of 12 presale stages, the 5thScape is gaining mainstream traction quickly. 

5thScape: Your Virtual AR/VR Playground

5thScape integrates immersive experiences offered by virtual and augmented reality with Ethereum’s secure blockchain network. It uses Skale Network’s Layer 2 protocol for added scalability to build novel concepts on its platform. With a team of highly skilled blockchain developers and VR experts, the project is set to generate wealth for its investors with the worldwide trend of immersive entertainment. 

Know more about 5thScape project here >>

Ever since the announcement of its presale went viral on crypto news outlets, 5thScape has magnetized crypto investors and entertainment seekers alike. Its vast VR content offerings, including AAA games, blockbuster movies, video streams, and educational materials, have helped the project stand out in the VR niche. Its ongoing presale has been nothing short of magic, with nearly $7.2 million raised in its current 6th presale stage. Delivering over 430x profits to its early investors, the project plans to list its 5SCAPE token on CoinGecko and CMC platforms by the end of Quarter 3. 

The project has 6 more presale stages to go, and the 5SCAPE token’s price will appreciate by 15-16% after each one. This continuous price appreciation will drive 165x returns to its current investors, making it a multi-bagger crypto project at its debut. 

5thScape’s launch of its 4 sports-themed AAA games will attract millions of investors from the online gaming niche. Its first AAA game, “Cage of Conquest,” released a couple of months back, helped 5thScape raise $6 million in less than 30 days. 

As more and more people hop on the immersive entertainment and gaming trend, 5thScape is ready to propel to greater heights along with its token “5SCAPE”. 

5SCAPE: A Ticket To The Future Of Immersiveness 

5SCAPE token unlocks immersive experiences on the 5thScape platform, acting as the access pass to its vast VR library. This ERC-20 is used as a universal currency to transact throughout 5thScape’s virtual ecosystem. With 365% APY, it features the most lucrative staking pool rewards. The 5SCAPE token holders are also given governance rights to have a say in its policy-making decisions and implementations of new features. Its thriving community of 41,000+ members, consisting mostly of its investors, plays a huge part in shaping the project’s future outcomes. 

Priced at $0.00376, the token’s value will soon be increasing by 16%, with its 7th presale round inching closer. The token has appreciated by 15-16% in price with every presale stage, delivering a high ROI to its initial stage investors. 

As 5thScape is the only blockchain platform that fills the market gap for high-quality VR-compatible content, its 5SCAPE cryptocurrency token holds much value in this niche. Investors can consider it their ticket to the future success of VR entertainment, a field forecasted to have a trillion-dollar valuation one decade from now. 5thScape’s presale may be the perfect opportunity to invest in this thriving niche, which can deliver up to 1000x ROI in the coming years.

Conclusion: Should Investors Consider DOGE Over 5SCAPE?

Dogecoin has been in the crypto market since 2014. What started as a mere joke has now become a global phenomenon, creating a trend of meme-themed cryptocurrencies and NFTs on the internet. 5thScape may be a new entrant in the cryptosphere, but its utilities and increasing user adoption make it a more compelling investment option in 2024. 

Investors looking to add tokens priced under $1 should consider 5SCAPE instead of DOGE for reliability and risk mitigation. DOGE has shown strong resilience in its first decade, despite that, its market volatility and lack of robust use cases make it a complicated crypto coin. 

5thScape, conversely, comes from an evergreen VR entertainment sector reaching new highs of success every day. The increased adoption of VR technology in the post-pandemic era has enabled 5thScape to generate wealth for its stakeholders through this global trend. 5SCAPE token can soon reach a double-digit mark after its impending crypto exchange listing. The increased market exposure, coupled with a variety of new features in its roadmap, such as games, 100+ video streaming options, a developer center, etc., make 5SCAPE a token with a sure-shot 1000x potential. 

The post Dogecoin Price Prediction: Teetering on the Edge – Will It Crash or Climb? Don’t Miss Out on 5thScape’s 1000X VR/AR Potential! appeared first on Coinfomania.

Bitcoin surpasses $57,000, leading a bullish trend with a market cap of $2.12 trillion.

Ethereum and Dogecoin post strong gains, with ETH up 2% and DOGE surging by 6.30%.

Billy Token headlines today’s gainers with a remarkable 48.2% increase in value.

Bitcoin has continued to lead the cryptocurrency sector in recovering beyond the $57,000 mark. At present, the market capitalization remains healthy at $2.12 trillion, an increase of 2.79%. It can be observed that Bitcoin’s market dominance has also improved from the last report to 53.39%, an increase of 0.78%.

Ethereum and Altcoins Bounce Back

The situation is slightly mitigated by a 2% gain in the price of Ethereum (ETH) and by a 6.30% price increase in Dogecoin (DOGE). The rest of the cryptocurrencies are not lagging behind in growth either, Solana (SOL) having gained 3.79% and Toncoin (TON) gaining 3.42%. Ripple’s XRP sees a gain of 2%, topping the list of gainers.

Market Overview

Bitcoin trades above $57K. The top-10 cryptos are traded in green zone:$DOGE +6.30%$SOL +3.79%$TON +3.42%

Market capitalization: $2.12T (+2.79%)
The BTC dominance: 53.39% (+0.78%)
Fear & Greed Index: 33 (Fear)

Top Gainers

Billy $BILLY +48.2%
AIT… pic.twitter.com/HGgJTCZtTZ

— CryptoRank.io (@CryptoRank_io) September 10, 2024

Market Sentiment: Cautious Optimism

The Fear and Greed Index has remained between levels this week indicating some level of fear and not outright flooding the index with greed. Things do not seem so gloomy based on activity on different exchanges as traders seemed to be cautiously optimistic.

Top Performing Cryptocurrencies of the Day

Some smaller cryptocurrencies managed to post some impressive returns. On the top of today’s gainers charts with almost 48.2% of the daily gain is Billy Token (BILLY). Next in line is AIT Protocol (AIT) with a better performance of 36.4% while FWOG comes third at 25.4%. MOTHER and OX also had great performances at 23.3% and 21.6% gain respectively.

Declines Among Major Tokens

Despite the overall positive trend, some tokens have seen declines. Starknet (STRK) recorded the most significant drop at 7.53%, trading at $0.3943 at press time. Monero (XMR), known for its strong privacy protections, decreased by 3.71% to $166.19. Other declines included Gala (GALA) and Maker (MKR), which fell by 1.94% and 1.80%, trading at $0.01843 and $1,582.57, respectively.

The above movement depicts the nature of the crypto market which in most cases after massive profits is followed by heavy losses. This is the reason why most of the investors remain cautious.

The post DOGE, SOL, and TON Soar: Bitcoin Leads the Bullish Surge appeared first on CryptoTale.