The cryptocurrency market continues to exhibit volatility, with traders keenly observing price movements across major digital assets. Notably, Dogecoin (DOGE) has showcased fluctuations over the past week, prompting analysts to
Bitcoin hits historic $90k, DOGE skyrockets as Elon Musk takes on Trump’s quest to slash regulations, and PEPE Surges 40% on Robinhood listing in this Week in Review. Week in Review The crypto market is buzzing as Bitcoin hits a historic $90,000, breaking records and fueling optimism. Meme coins are making waves—PEPE surged 40% following
The cryptocurrency market saw some of its best days over the past week, with several altcoins enjoying the positive climate surrounding the industry at the moment. While the top meme coins like Dogecoin, Shiba Inu, and Pepe were the biggest beneficiaries of the recent bullish momentum, altcoins like Polkadot also showed good signs of impending upward movement. According to data from CoinGecko, the Polkadot price has witnessed an almost 15% increase in the last 24 hours. A popular crypto pundit on the social media platform X has said that the bullish run for the DOT token is only just about to commence while predicting the next price target for the altcoin. DOT To Surge 30% In The Next Few Days — Here’s How In a November 16 post, prominent crypto expert Ali Martinez shared an exciting analysis for the Polkadot price over the next few days. According to the analyst, the current outlook of the altcoin’s price suggests that it might be ready for a significant run to the upside. Related Reading: Bitcoin Surges Past $93,000 – Can A Breakthrough Unlock New Heights? The rationale behind this bullish projection is the formation of a bull flag pattern on the four-hour timeframe of the Polkadot price chart. The bull flag is a technical analysis pattern marked by a period of steep upward movement (the flagpole) typically followed by slight sideways price action. The bull flag is usually considered a prevailing continuation pattern for an upward trend, signaling a potential move to a higher price point. However, it is important to wait for a confirmed break out of the consolidation before ascertaining that the price will continue its upward trajectory. As shown in the chart above, the price of DOT originally appeared to be in a bull pennant as it moved towards a convergence. However, the Polkadot price broke out of the consolidation period early, forging a bull flag out of what initially seemed like a pennant pattern. Nevertheless, the price of Polkadot appears to be on the rise, with Martinez putting the altcoin’s next stop at $7.50, which represents a more than 30% rally from the current price point. It is worth mentioning that this exact projection was made by expecting future prices to mirror the length of the initial flagpole. Polkadot Price At A Glance As of this writing, the Polkadot token is valued at around $5.74, reflecting an impressive 15% surge in the past day. Meanwhile, the altcoin’s performance is even more remarkable on the weekly timeframe. According to CoinGecko data, DOT is up by more than 30% in the last seven days. Related Reading: As Bitcoin Rises, Why is Ethereum Struggling To Catch Up? Analyst Explains Featured image from iStock, chart from TradingView
The XRP price has been drawing attention with its recent serious attack. So what was the reason for the rise? Here is what analysts think. Continue Reading: Why Did XRP Price Soar? Here’s What’s Driving the Bull Rally
The NFT market is experiencing a significant revival, highlighted by a remarkable surge in sales that reflects the growing interest in digital collectibles. This week, non-fungible tokens (NFTs) recorded an
XRP’s market dynamics have come under scrutiny following a dramatic 10% plummet in mere seconds due to a significant sell order. This sharp decline occurred amidst heightened market volatility, prompting
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The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days.
Chainlink has unveiled the "Chainlink Runtime Environment," an ambitious framework designed to harmonize legacy financial systems. The post Chainlink Bridges Legacy Systems and Blockchain with Unified Runtime Environment appeared first on TheCoinrise.com .