Dogecoin’s price movements have been the subject of much speculation in the past few months by various crypto analysts, with many of the analyses based on its pattern repetition in market cycles. A recent analysis posted on the TradingView platform delves deeply into Dogecoin’s technical outlook with indicators such as Fibonacci levels, Elliott Wave Theory, and the Wyckoff Method to forecast both downside and upside price targets for the cryptocurrency. Macro Analysis: Elliott Waves And Fibonacci Levels Show Liquidity Zones According to the analyst, Dogecoin’s price has been following a clear Elliott Wave structure starting from its bear market low of $0.045 in 2022 until its recent multi-year peak of $0.48 in December 2024. Interestingly, this projection suggests that the five impulse waves have already been completed, and the next stage is the formation of the ABC corrective waves. Waves A and B have already played out, leaving wave C to complete the structure and create the last corrective wave in the pattern. With this correction in mind, the analyst used Fibonacci levels for additional insights into how it plays out. Using a trend-based Fibonacci retracement, the analyst predicted that Dogecoin could retrace to $0.213 as the price mark aligns well with the 0.382 Fib retracement level from its recent peak in December. Similarly, the 0.618 Fibonacci retracement level, calculated from the wave 4 low to the wave 5 peak, suggests a target of $0.235. A green box zone between these two levels is highlighted as the likely liquidity zone before the next bullish leg. The correction, if it happens, doesn’t necessarily spell doom for Dogecoin. This is because the meme coin has consistently revisited the 0.382 level during past market cycles before surpassing its all-time highs. Therefore, a repeat of this behavior could set the stage for another Dogecoin price rally over a longer timeframe that will eventually break above $0.73 and set a new all-time high. Zooming In: Wyckoff Phases And Short-Term Prediction When analyzing the current price action, the analyst identifies Wyckoff Distribution Schematic #2 as the prevailing pattern for Dogecoin. This method separates market movements into phases (A to E) to predict price behavior. According to the analysis, Dogecoin is transitioning through these phases and is expected to enter phase E by January 23, 2025. Further examination of the 4-hour chart reveals an ABC corrective pattern, with wave C anticipated to mirror the magnitude of wave A’s decline. The analyst calculates this drop as aligning perfectly with the 0.382 Fibonacci target at $0.213. Using additional Fibonacci retracements and extensions, short-term support and resistance zones have been identified, further reinforcing the $0.213 to $0.235 liquidity zone. With this, the analyst predicted a Dogecoin price bottom between January 30 and February 3, 2025, before it transitions toward a bullish trend. Looking ahead, the analyst suggests that Dogecoin is building momentum for a significant upward movement once it completes its correction . Notably, the analyst predicted that Dogecoin will rebound and reach $1.9 once the correction is completed. At the time of writing, Dogecoin is trading at $0.3577.
The post XRP vs. Bitcoin: Is Ripple Lobbying Against U.S. Strategic Bitcoin Reserve? CEO Reacts appeared first on Coinpedia Fintech News Bitcoin is climbing towards new all-time highs, with a major breakout on the horizon. A key driver of this upward momentum is a recent executive order signed by U.S. President Donald Trump, which includes the creation of a U.S. government Bitcoin Reserve. This move has raised excitement in the crypto world, particularly for Bitcoin enthusiasts. However, amidst the Bitcoin Reserve news, XRP is facing a lot of heat on social media. Pierre Rochard, VP of Research at Riot Platforms, has claimed that the biggest challenge to the Strategic Bitcoin Reserve (SBR) isn’t the Fed, Treasury, or banks—it’s Ripple. Rochard argues that Ripple is spending millions of dollars lobbying politicians to block the SBR, fearing it could hurt their marketing narrative and push their own agenda for Central Bank Digital Currencies (CBDCs). Rochard even accused Ripple of trying to sabotage Bitcoin mining under the Biden administration and said Ripple has now “declared war” by attempting to block the Strategic Bitcoin Reserve. According to him, Ripple should have focused on its own business and not interfered with the SBR. “Face the facts: Ripple / XRP has been the leading source of anti-bitcoin misinformation for more than a decade. They have aggressively lobbied policymakers around the world to try to ban bitcoin mining. Weaponizing woke ESG narratives to promote their centralized token,” Rochard said. In response, Ripple CEO Brad Garlinghouse fired back, stating that their efforts are actually boosting the chances of a crypto strategic reserve, which could include Bitcoin. Garlinghouse stressed that Ripple’s actions align with the broader goals of the U.S. government to support American companies and technologies.
Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency. Bitcoin Whales Back In Accumulation Mode According to the report, large BTC holders – commonly referred to as Bitcoin ‘whales’ – have re-entered the accumulation phase. Recent data shows a significant uptick in the monthly percentage growth of BTC holdings among these large investors. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says Notably, Bitcoin whale holdings increased from a decline of -0.25% on January 14 to a growth of 2% by January 17, marking the highest monthly growth rate since mid-December. In absolute terms, these investors’ BTC holdings rose from 16.2 million on November 4 to 16.4 million as of January 24. The surge in whale accumulation appears to be driven by several bullish developments early in Trump’s administration. For example, the US president has already signed an executive order establishing a Working Group on Digital Asset Markets. This Working Group has been tasked with proposing a federal regulatory framework for cryptocurrencies – including stablecoins – within six months. Additionally, the group will evaluate the potential creation of a national digital asset stockpile, fueling speculation about a potential US strategic Bitcoin reserve. Besides growth in whale holdings, selling pressure for BTC has declined sharply since major profit-taking in December. This aligns with a recent report which found that BTC profit-taking has dropped by 93% from its December peak. The report reads: Bitcoin holders realized daily profits as high as $10 billion as Bitcoin approached $100K in December. However, daily realized profits have fallen to levels around $2-$3 billion in January, which indicates market participants may have finished selling Bitcoin for the most part. Moreover, the traders’ unrealized profit margins have declined near zero, a level which typically marks a price floor during bull markets. However, the report also highlights that overall Bitcoin spot demand has weakened over the past month, raising concerns about the likelihood of another bullish rally. Specifically, the rate of demand growth for Bitcoin has fallen from 279,000 BTC in early December to just 75,000 BTC at the time of writing. Analysts Confident Of Another BTC Rally Despite the cooling of on-chain demand, crypto analysts remain optimistic about another major price rally for Bitcoin. For instance, a recent report suggested that BTC could target a price as high as $249,000 during Trump’s presidency. Related Reading: Could Bitcoin Hit Its Peak In Summer 2025? Analysts Weigh In Another report by Bitfinex predicted that BTC is likely headed to $200,000 by mid-year amid mild price pullbacks. However, a lot depends on how the US Federal Reserve handles interest rate adjustments this year. From a technical standpoint, BTC’s cup-and-handle pattern projects a price target of as high as $275,000. At press time, BTC trades at $106,074, up 0.1% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com
Morgan Stanley is doubling down on crypto, pledging to work with regulators as it eyes bitcoin’s resilience and the sector’s game-changing potential for finance. Aligning With Regulators: The Key to Unlocking Crypto’s Potential in Finance Morgan Stanley CEO Ted Pick revealed on Thursday that the bank is preparing to collaborate with U.S. regulators to explore
Crypto investment management firm Bitwise filed paperwork to establish a Delaware statutory trust for a dogecoin exchange-traded fund (ETF) on Wednesday, according to a post by Bloomberg ETF analyst Eric Balchunas. The firm manages upwards of $10 billion in assets across sixteen funds, including spot bitcoin and spot ether ETFs. Optimism for a wider variety
At the WAGMI conference held in Miami on Friday, Aaron R. Day, the Chairman and CEO of the Daylight Freedom Foundation, delivered a compelling address centered on Roger Ver’s troubles with the U.S. government. During his speech, Day emphasized to the audience the gravity of the matter, describing it as a “high stakes situation.” Miami
The post XRP Price Prediction For January 25 appeared first on Coinpedia Fintech News In recent market movements, XRP has seen mixed price action and is down by more than four percent on the weekly chart. At press time, XRP is trading at $3.12 and has slightly drifted to the green zone. The Key Scenario: Price Expected to Reach New Highs There is a scenario where XRP could make one more move to the upside before a potential shift in trend. As of now, the price is expected to rise, potentially reaching a new peak. However, the crucial question remains: will this push higher lead to further gains, or will it mark the peak of the rally before a correction begins? After a five-phase pattern, a major top or larger correction typically follows, signaling increased risk. This doesn’t necessarily mean a bearish trend, but the current rally could be nearing its end. Potential Breakout Targets: Where Could the Price Head Next? On the smaller time frame, XRP is facing resistance at its all-time high of $3.30. A breakout above this level could see the price surge towards new targets, including $4.19, $5, and possibly even $6.61. XRP recently completed an internal triangle pattern, which broke out to the upside on January 13. However, the price failed to break above its all-time high and has since entered a consolidation phase. There is no clear breakout signal at the moment, and the price is holding above key support levels between $2.52 and $2.94. These support levels have been respected multiple times, and the price recently reacted to the $2.81 level, which represents a 50% retracement. The expectation remains for a continuation to higher prices, with potential moves to $4.90 or even $5. However, it’s also possible that XRP may form another low before continuing upwards. Traders should watch for a breakout above $3.30–$3.40 to confirm the continuation of the bullish trend. Until that happens, a pullback to the lower support levels remains a possibility.
As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value. Sun’s Vision For The Ethereum Price In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes could propel the Ethereum price to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on a radical overhaul of the Ethereum Foundation (EF) and the Ethereum protocol itself. Related Reading: US Bitcoin Reserve: Eric Trump’s Deleted Tweet Raises Eyebrows The TRON founder asserts that under his leadership, immediate and decisive actions could almost double the current price peak for ETH. One of his primary proposals is to halt the sale of ETH for a minimum of three years. By doing so, Sun aims to stabilize the currency’s supply and bolster market confidence. To cover operational costs during this period, Sun suggests leveraging Aave (AAVE) lending, staking yields, and stablecoin borrowing, thereby ensuring that the ETH supply remains intact while aligning with deflationary goals. In addition to halting sales, Sun proposes imposing significant taxes on Layer 2 (L2) projects. He believes this move could generate at least $5 billion annually for Ethereum, either in stablecoins or tokens. The revenue from these taxes would be utilized to repurchase and burn ETH in a decentralized manner, further enhancing scarcity and potentially driving up demand. Major Staff Cuts To Transform Ethereum Foundation Into Meritocracy In his social media post, Sun also emphasized the need to streamline operations within the Ethereum Foundation. He suggests a significant reduction in staff, retaining only the most capable team members. Those who remain would receive substantial salary increases, transitioning the Ethereum Foundation into a merit-based organization that rewards high performance. Furthermore, the TRON founder calls for adjustments in node rewards and a stronger focus on fee-burning mechanisms. By reducing node rewards, Sun believes Ethereum can solidify its deflationary status, reinforcing its position as a store of value. Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details The focus, according to Sun, would shift exclusively toward Layer 1 (L1) development, prioritizing scalability, security, and broader adoption. Sun is confident that these initiatives could lead the Ethereum price to surpass $4,500 within the first week of implementation, laying the groundwork for long-term success. While this only represents Sun’s vision for the Ethereum price, any of these proposals, if viable for driving another leg up of the altcoin, could ultimately be adopted by the co-founders or the developers of the platform. As of this writing, the Ethereum price hovers around the $3,200 mark, reflecting a loss of 4% over the past 24 hours. This decline has widened the gap between the current price and its ATH of $4,878, representing a difference of 34.5%. Featured image from DALL-E, chart from TradingView.com
The in-kind redemption model is seen as a more efficient option for the spot Bitcoin ETF and should have been allowed from “the get-go,” says an ETF analyst.
Selecting which cryptocurrency to invest in next often sparks diverse opinions among analysts and crypto enthusiasts. The market offers everything from well-known players like Solana to trendy meme coins such as Pepe. However, there's a new contender making waves for all the right reasons. Remittix, a crypto-to-fiat payment service, is transforming how cryptocurrencies interact with traditional banking systems. Remittix’s presale has already raked in over $5.6 million, with projections to soar by 100x. This impressive growth sets it apart from other altcoins, leading top crypto analysts to consider it the most promising altcoin emerging from the market this year. Solana: A Dominant Force in Blockchain Solana is often mentioned in discussions about blockchain leaders, and for good reason. It has become a go-to platform for developers focused on DeFi and dApp projects, thanks to its lightning-fast transaction speeds and low costs. One of the standout features of Solana is its ability to scale without compromising security. The platform has recently explored a deflationary model to boost its network's sustainability and efficiency. Leveraging Solaxy’s layer-2 solutions, Solana has improved its ecosystem, attracting both institutional investors and retail traders. Yet, challenges remain. High gas fees during peak times and network congestion have been points of contention. While Solana remains one of the top altcoins to watch, these issues might open doors for newer and innovative projects like Remittix. Pepe: The Resilient Meme Coin Pepe has made a name for itself in the meme coin arena. What started as a playful, community-driven token has grown into a formidable presence in the crypto market. Gaining traction after its listing on major exchanges like Coinbase, Pepe’s value saw a surge in December 2024. The appeal of Pepe is undeniable, but so is its famous volatility. Recently, the token has struggled to maintain its momentum, testing significant support levels. This performance is typical for meme coins, which often prioritize hype and community engagement over utility. This is why major investors and everyday users seek the stability that Remittix provides . Remittix: Transforming Crypto-to-Fiat Transactions Unlike Solana and Pepe, Remittix is not just another blockchain or meme coin. It's redefining how cryptocurrency is used practically. With over 295 million tokens sold, Remittix’s presale has already amassed over $5.6 million, and the excitement continues to build. So what makes Remittix stand out? Its main focus is simplifying crypto-to-fiat conversions. Whether you're a business looking to accept crypto payments or an individual sending money internationally, Remittix has you covered. Users can convert over 40 cryptocurrencies directly into fiat, transferring funds to any bank account globally. And the best part? There are no hidden fees, ensuring you know exactly what you're paying. Why Remittix Stands Out: ● Innovation: Remittix provides unmatched convenience in bridging traditional finance with cryptocurrency.● Transparency: A comprehensive smart contract audit has confirmed the system’s reliability, instilling trust.● Accessibility: Supporting over 50 crypto pairs and more than 30 fiat currencies, it offers a truly global solution.● Future Plans: Post-presale, Remittix aims to list on Uniswap and major centralized exchanges to ensure high liquidity and adoption. These aspects have led analysts to highlight Remittix as one of the top altcoins to monitor. Remittix Emerges as the Leader While both Solana and Pepe have their strengths, Remittix stands out as the most promising investment for 2025. Its innovative take on crypto-to-fiat exchanges, coupled with transparency and a global reach, could revolutionize how cryptocurrencies are perceived in everyday life. Remittix should be at the top of your list if you're scouting for the best cryptocurrencies to keep tabs on. Stay informed and follow Remittix on all social media platforms at https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.