The memecoin landscape has seen dramatic fluctuations throughout the year, with Dogecoin (DOGE) securing its position as the leader in terms of market capitalization. However, DOGE’s recent performance has prompted a wave of investor discontent, leading many to seek alternative options for quicker gains. Frustration Grows Among Dogecoin Investors According to data from blockchain analytics firm Santiment, the number of Dogecoin holders has significantly decreased, with a net drop of 106,600 non-empty wallets since October 8. The firm believes that this decline reflects growing frustration among traders regarding DOGE’s lackluster price performance, which has led them to explore other memecoins that might offer more immediate returns. Related Reading: XRP Price Growth: Analyst Breaks Down The Movements And Why It’s So In the last 24 hours, the Dogecoin price experienced a 1% decline, reflecting broader trends within the memecoin sector. Data from CoinGecko indicates that while Dogecoin struggles, many other tokens in this space are also seeing losses, with the notable exception of TURBO token, which has shown impressive gains. Despite recent challenges, Dogecoin still boasts a 9% increase over the past week, leading the top ten memecoins in this metric. However, TURBO outperformed all competitors in the sector with a significant 76% surge during the same period, establishing itself as the top performer in the crypto market. In addition, the recent bullish performance of Bitcoin (BTC), the largest cryptocurrency by market cap, may have contributed to shifts in Dogecoin sentiment. Analysts predict that Bitcoin could reach between $80,000 and $120,000 by the end of the year, further fueling investor optimism. 84,200% Growth Ahead For DOGE? In a recent social media post on X (formerly Twitter), crypto analyst Ali Martinez has noted a fresh buy signal on Dogecoin’s four-hour chart, suggesting that the token may see additional price gains in the coming days. In his analysis, Martinez also pointed out an uptrend pattern on DOGE’s weekly chart, indicating potential for further growth in the months ahead. He has even speculated that Dogecoin’s price could reach an astonishing $10, representing a staggering 84,200% increase from current price levels. This projection is particularly ambitious given that Dogecoin’s all-time high of $0.7316 was reached in May 2021, leaving the token down over 83% from those peak levels. Related Reading: Bitcoin Rally Expected: Standard Chartered Eyes New High Of $73,800 Pre-US Election Despite the challenges posed by declining investor interest and the absence of catalysts to drive the price upward, there remains a bullish sentiment in the market. Dogecoin could thrive during the remainder of the bull cycle, especially as attention is expected to shift back to altcoins. At the time of writing, DOGE was trading at $0.1175. Featured image from DALL-E, chart from TradingView.com
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The post According To Experts This New Viral Token Is Set to Outperform Solana (SOL) for Gains This Coming Bull Run appeared first on Coinpedia Fintech News Bitcoin’s halving years historically introduced the cycle’s bull market, and everything is in place for this one to take off. Typically, it’s the new cryptos that offer the biggest gains, but with so many, it’s not easy to find what could potentially be the next 100x crypto. Still, only in phase 3 of its presale, …
Marathon Digital Holdings has reported a notable increase in its Bitcoin production, demonstrating the company’s operational efficiency. The firm secured a substantial $200 million line of credit, enhancing its financial
OKX is removing several altcoins due to low trading volume and demand. Users must cancel open orders before the scheduled delisting date. Continue Reading: OKX Announces Delisting of Several Altcoins from Its Platform The post OKX Announces Delisting of Several Altcoins from Its Platform appeared first on COINTURK NEWS .
Degen Kamala could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Degen Kamala (DEGKAMA), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because DEGKAMA is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Degen Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
JPMorgan analysts pointed to a bullish scenario for Bitcoin and cryptocurrencies in their latest report. Continue Reading: JPMorgan Draws a Bullish Scenario for the Cryptocurrency Market: Here’s What They Expect
After the launch of spot Bitcoin and Ether ETFs, investors eagerly await the potential debut of XRP and Solana ETFs, which could significantly impact crypto markets.
Monica Long broke silence on Ripple USD use cases after Ripple revealed RLUSD launch partners