Bitcoin futures soared $1.2B after the FOMC decision, but retail traders are pulling back. What's behind the mixed market signals?
Dogecoin’s price movement remains a matter of discussion among crypto traders on social media , with a well-known analyst pointing to a major breakout pattern that could send DOGE soaring toward $1. Popular crypto analyst Lucky (@LLuciano_BTC) recently shared his bullish outlook with his 2.2 million followers on X, stating that the coveted $1 price target for Dogecoin is now only a matter of time. Bull Flag Pattern Signals Strong Momentum Although Dogecoin has shown strong bullish momentum at various points, it has yet to surpass its all-time high of $0.7316 in this cycle. However, many DOGE enthusiasts remain bullish on the meme coin, with many of them looking forward to an eventual break above $1 this bull cycle. Ironically, Dogecoin hasn’t even broken above $0.5, which is the halfway mark to reach the $1 target. Nonetheless, crypto analyst Lucky noted that it’s only a matter of time before DOGE starts to trade at $1. Lucky’s confidence is based on a technical pattern forming on Dogecoin’s price chart. Sharing his outlook in a post, he highlighted a bull flag formation on the daily candlestick timeframe. Interestingly, this bull flag has been in formation since November 2024, making it a multi-month pattern. The pattern began with a strong rally in mid-November until it reached a multi-year high of $0.484 in early December before facing rejection. Since then, price action has shifted into the flag phase of the structure, characterized by a period of corrections and bounces off the upper and lower trendlines of the flag. The formation of a bull flag is regarded as a strong signal for further upside, especially in bullish market conditions. If the meme coin breaks out of this structure with enough volume, it could set the stage for a sustained rally to new multi-year highs. As DOGE continues to build momentum within this setup, crypto analyst Lucky noted that the rally ahead “could be epic.” Can Dogecoin Really Reach $1? Reaching the $1 target would be a crazy milestone for Dogecoin, much like how Bitcoin broke above $100,000 for the first time this cycle. At the time of writing, the meme coin is trading at $0.3289 and has a market cap of $48.6 billion. If it were to reach the $1 mark, this would translate to a total market cap of about $147.8 billion. Although some might find this unrealistic due to its status as a meme coin, calculations suggest a $1 price for Dogecoin is surely possible. It only needs a few stimulants for this to happen. One such stimulant is a Dogecoin ETF, which could have the same effect as it did for Bitcoin. If approved, a Dogecoin ETF could significantly increase investment inflows and create sustained buying pressure for the meme coin. Another factor that could improve Dogecoin’s rise is broader utility, particularly if it becomes an official payment option on a major platform like X. Dogecoin at $1 is only a matter of time . However, it is also possible that DOGE could start to consolidate around this mark once it eventually attains it, similar to Bitcoin’s current behavior around $100,000 .
As January comes to a close, excitement is building around XRP and its potential spot ETF. Grayscale, a key player in the crypto ETF space, has officially filed for an XRP spot ETF on the NYSE, signaling growing institutional interest in the digital asset. Crypto ETF Boom: Who’s Next? Grayscale’s move is part of a … Continue reading "Grayscale Files for XRP Spot ETF, Fueling Market Excitement" The post Grayscale Files for XRP Spot ETF, Fueling Market Excitement appeared first on Cryptoknowmics-Crypto News and Media Platform .
Purpose Investments, a prominent Canadian asset management firm, recently revealed plans to introduce the first-ever XRP exchange-traded fund (ETF). The firm has filed a preliminary prospectus for a spot XRP
From $120 billion in December 2024 to $88 billion in January 2025, the decline of the meme sector is of concern to its investors. Dogecoin price prediction remains a debate among traders, with many questioning if it is possible for DOGE to reach $1 this year. Analysts have different views on whether DOGE has the momentum for such a move or if other factors could limit its growth. This article examines expert opinions, potential catalysts, and the challenges DOGE may face in its attempt to hit the psychological mark. Dogecoin: The Journey to $1 For the first time in four years, Dogecoin could be ending January without a double-figured price increase. This outlier event has seen the DOGE token drop 8th place on the market cap standings. With Dogecoin trading below $0.35 at a volatility of 6.9%, traders are concerned about the memecoin’s short term capabilities. The Dogecoin price prediction on CoinCodex highlights a 6.89% decline ahead of March 2025. Analyst Javon Marks predicts a potential 600% surge for DOGE , targeting a price of $2.28 based on historical patterns. Given that DOGE stepped out of trend in January, other analysts are not convinced the token would follow the same expectations. However, InvestingHaven forecasts a minimum price of $0.244 and a maximum of $1.445 in 2025. The recent election of Donald Trump and the appointment of Elon Musk as a special adviser have fueled optimism for DOGE . There are definitely parallels to Musk’s involvement in DOGE and historical investment successes. In the past week alone, large DOGE transactions have jumped by 41% and active addresses by 34.91%. The Possibilities are Endless With Panshibi Token traders are looking into Panshibi. The new meme coin has bulldozed its way into the meme sector, with projections suggesting that the SHIBI token could reach a $1 valuation by the end of 2025. This bold prediction is a result of Panshibi’s fundamentals, growing community, and well-designed ecosystem. Some of the driving momentum for its boom comes from Panshibi’s staking model that offers an impressive 1,200% annual reward incentive, making it an attractive opportunity for investors. This incentivizes long-term holding and creates a steady demand for the token. There’s even a governance mechanism in SHIBI, offering a direct voice for its community in deciding its future. Panshibi’s lore and branding also contributes towards its widespread appeal. Set in Bamboo Valley, the Panshibi Pandas represent decentralization, resilience, and innovation. This storytelling aspect has helped establish a strong community that unite against centralization and unnecessary intermediaries. Analysts also point to Panshibi’s security and transparency as major advantages. With a fully audited smart contract by Coinsult and locked liquidity for ten years, the project provides investors with a sense of stability. If current momentum continues, Panshibi’s path to $1 in 2025 may be more than just speculation—it could be a reality. Conclusion The best time to invest in projects is during the early stages of presale. Currently, Panshibi is in its second stage, with SHIBI tokens going for $0.003 apiece. With projections of $1, Panshibi’s worth could soar at least 33,000% in 2025 alone. Anyone could become a millionaire or a billionaire. Are you going to miss out on this change like you did with DOGE and SHIB? You can join the Panshibi presale using these links: Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi Website: https://panshibi.com Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Dogecoin Price Prediction; Could Doge Hit $1 In 2025? Let’s Break Down What Top Analysts Predict appeared first on Times Tabloid .
Crypto exchange Kraken said it will delist five stablecoins, including USDT, for users in the European Economic Area. Describing the move as a difficult decision, Kraken said the changes ultimately ensure its compliance and ability to provide an exceptional trading experience to European clients long term. The exchange said it will halt all spot trading
The post Kraken Hits Record $1.5 Billion Revenue in 2024, Marking 128% Growth appeared first on Coinpedia Fintech News Kraken, one of the world’s leading cryptocurrency exchanges, had a record-breaking 2024, reporting $1.5 billion in revenue, a 128% increase compared to the previous year. The exchange also saw an adjusted EBITDA of $380 million, supporting its solid financial growth. “One of Kraken’s core principles from day one has been accountability – to our customers, shareholders and employees,” Kraken said. By the end of 2024, Kraken held $42.8 billion in assets on its platform and had 2.5 million funded accounts. This shows a growing number of users and more trust in the platform. Kraken also saw $665 billion in total trading volume in 2024, showing its importance in the global crypto market. The platform’s technical performance has been impressive too, with 99.9% uptime and sub-2 millisecond round-trip latency. Kraken has executed over 2.5 billion trades since it started, proving its ability to handle large volumes while maintaining a seamless experience for its users. “While others chased short-term wins, we built our platform differently – steadily and methodically. We don’t get caught up in superficial stats or shallow victories. Today, with increasing regulatory clarity and industry tailwinds – not just in the U.S., but globally – we’re positioning ourselves for even greater acceleration,” the company said. With clearer regulations around cryptocurrency and global growth, Kraken is in a strong position for 2025. The platform holds over 40% of the global stable-fiat volume market share among major centralized exchanges, showing its strength in the market. Kraken’s impressive performance in 2024 sets it up for even more success in the future. As the cryptocurrency industry continues to grow, Kraken is positioned to lead the way in offering secure, efficient, and innovative trading solutions.
The stablecoin market hit a peak record of $224 billion, with USDT and USDC contributing the most to the growth. According to the popular cryptocurrency data aggregator CoinMarketCap , USDC is continuously gaining ground over multiple other stablecoins. USDC and USDT have seen incredible growth since 2023 The stablecoin market rose by over 84% from $121.18 billion in August 2023 to its current $224 billion. Currently, its market cap has increased by over 0.14% in the last 24 hours, and its trading volume is at $112 billion, a 16% surge. Tether’s USDC and USDT have grown the most since 2023, while the rest of the market showed steady average growth. USDT has the highest market cap at $139 billion; however, USDC has recently been gaining an edge over other stablecoins. Alphractal believes USDC has gained popularity following the recent decline in altcoins, as a significant portion of sell-offs have been converted into USDC. 🚨 Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum! Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins. This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE — Alphractal (@Alphractal) January 31, 2025 Conversely the platform added that a decline in dominance could open the door for new market highs. USDC’s market is close to hitting $55 billion USDC’s market cap is $53.33 billion, a 120% increase from $24.1 billion on November 14, 2023. As of January 31, it held a market share of 24.6%. Its trading volume is at $8.855 billion, down from its $20 billion all-time high on January 18. The token also showed a 78% year-over-year growth in circulation. As of January 30, stablecoin issuer Circle released roughly 3.4 billion USDC, redeemed about 2.3 billion USDC, and increased circulation by about 1.2 billion in just seven days. Currently, over 53 billion USDCs are in circulation. However, both USDT and USDC will probably see a change in their European markets, with Crypto.com delisting them. Crypto.com has decided to leave the two stablecoins, following the European Union’s Markets in Crypto-Assets Regulations (MiCA). In addition to USDT and USDC, the platform has also delisted Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), and PayPal USD (PYUSD). So far, the platform has all of these token purchases; however, users can still make withdrawals until the end of the first quarter of 2025. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now
Fantom (FTM) has seen a remarkable surge of 20% following the clearing of a crucial fair value gap, spurred by whale accumulation and bullish sentiment. As interest in the altcoin
Bitcoin price has regained upward traction, trading back above $105,000 after a temporary dip below $104,000 earlier today. This 1.2% increase over the past hour reflects renewed optimism in the market. Amid this price performance, Crypto Dan, a CryptoQuant analyst has shared his analysis of on-chain data and market behaviors that may shape Bitcoin’s trajectory in the weeks and months ahead. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Bitcoin Bullish Market But Caution According to Dan, the amount of Bitcoin held for less than six months continues to show notable growth with each market cycle. This trend suggests that as Bitcoin’s appeal widens, new capital inflows—particularly from the expected introduction of Bitcoin spot ETFs—could further drive demand. Dan anticipates that both institutional and retail investors will ramp up their involvement as these ETFs gain traction by the first half of 2025. Additionally, while current indicators remain bullish, Crypto Dan warns that surging interest in Bitcoin and altcoins, paired with an influx of new investors, could signal that the current cycle may be nearing its peak. If Bitcoin pushes through its all-time high with significant momentum, and altcoins follow suit, it could trigger a wave of inflows that may mark the cycle’s final stages. Dan advises investors to start considering risk management strategies. The Crypto Market Remains Bullish… But It’s Time for Caution “If Bitcoin breaks through its all-time high with strong momentum and altcoins follow suit, triggering a wave of new investor inflows, it may indicate that the end of the cycle is approaching.” – By @DanCoinInvestor… pic.twitter.com/NvKB8Ly1DE — CryptoQuant.com (@cryptoquant_com) January 31, 2025 Diverging Inflows from Retail and Whales This cautionary note is reinforced by observations from another CryptoQuant analyst, Darkfost, who highlights a discrepancy in the behavior of retail investors and whales. According to recent Binance data, retail investors have significantly increased their BTC deposits over the past month, with inflows reaching approximately 6,000 BTC. In contrast, whale activity on Binance has dwindled, with their BTC inflows dropping to around 1,000 BTC—a fourfold decrease. Darkfost notes that retail investors often use exchanges to liquidate their holdings, whereas whales’ reduced inflows suggest they are holding onto their Bitcoin. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target This contrasting behavior offers insights into broader market sentiment: retail participants appear eager to capitalize on short-term gains, while larger, more established investors maintain a more cautious stance. Historically, following whale behavior rather than retail trends has provided a more reliable signal for long-term market moves. Darkfost highlighted this noting: This is a perfect example of the contrasting behaviors between whales and retail traders and it is often considered a better choice to follow whales rather than retail investors Featured Image created with DALL-E, Chart from TradingView