#doge⚡ 💥🐂🪙 DOGECOIN SEES 60,000 NEW HOLDER IN 10 DAYS. Investors Take New Dogecoin Positions Amid Historical Support
Between November 22 and December, the total number of Dogecoin holders dropped from 7.14 million to 6.80 million. Interestingly, this decline came around the same time DOGE’s rally ran out of steam, as the price declined from $0.47 to $0.39.
This price decrease and the decrease in holder count suggest significant profit-taking at the time. However, on-chain data from Santiment, as of this writing, shows that things have now changed.
According to the analytics platform, the number of DOGE holders has surged to 6.68 million. This implies that 60,000 new holders have actively added the meme coin to their wallets within the past 10 days.
Investors Take New Dogecoin Positions Amid Historical Support
Between November 22 and December, the total number of Dogecoin holders dropped from 7.14 million to 6.80 million. Interestingly, this decline came around the same time DOGE’s rally ran out of steam, as the price declined from $0.47 to $0.39.
This price decrease and the decrease in holder count suggest significant profit-taking at the time. However, on-chain data from Santiment, as of this writing, shows that things have now changed.
According to the analytics platform, the number of DOGE holders has surged to 6.68 million. This implies that 60,000 new holders have actively added the meme coin to their wallets within the past 10 days.
DOGE Price Prediction: $1 Target Still in Place
Technically, the daily DOGE/USD chart shows the formation of a bull flag. A bull flag is a pattern characterized by two rallies and separated by a brief consolidation period.
As seen below, the pattern begins with a sharp, nearly vertical price spike known as the flagpole, driven by aggressive buying that catches sellers off guard. This is followed by a pullback forming the “flag,” represented by parallel upper and lower trendlines.
Please I have a confusion, when the $USUAL pre market will suspend, we will lose coins or it will stays in our wallets or do we need to transfer to funding wallet from pre market?
#doge⚡ 🔥🔥🔥🎉 HERE'S DOGECOIN PRICE IF IT HITS MARKET CAP OF $137B AND $472B.
Dogecoin’s price could skyrocket if it claims the XRP market cap of $137 billion or Ethereum’s valuation of $472 billion.
Dogecoin, which has continued to collapse since the start of the new week, has its eyes set on more growth, according to analyses from multiple market commentators. These price targets are capable of catalyzing a surge in its market cap.
DOGE Market Cap Hits Resistance
The meme coin’s market cap previously took center stage early in November, when it surged to a peak of $64 billion amid the price uptrend that saw DOGE break $0.40 on Nov. 12. With this market cap, Dogecoin overtook XRP and USDC to secure the sixth spot among the largest crypto assets.
However, as DOGE faced resistance and XRP skyrocketed, the meme coin has now dropped to the seventh position, boasting a market cap of $60 billion at the time of reporting. For context, XRP’s market cap has surged to $137 billion.
This valuation makes XRP the fourth-largest crypto asset, only behind Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Interestingly, XRP proponents are currently aiming to flip Ethereum, which currently has a market cap of $472 billion.
However, despite being largely below this region, some believe Dogecoin has the potential to challenge for a top three spot. Nonetheless, this would demand a massive spike in its price action.
Dogecoin Price if It Gets XRP or ETH Market Cap For Dogecoin to reach XRP’s market cap of $137 billion, its price must rise to $0.93, assuming the circulating supply of 147 billion tokens remains fairly stable. Also, to hit Ethereum’s valuation of $472 billion, the Dogecoin price would need to reach a high of $3.2, surpassing the $1 mark by more than three times.
XRP SKYROCKETS 1,209% IN 24 HOURS IN ABNORMAL LIQUIDATION IMBALANCE.
This week, the cryptocurrency market began with a massive liquidation event, when over $2 billion in the lowest estimated value of long and short, but mostly the former, experienced a forced close. The echoes of that event are still reverberating, with nearly $300 million liquidated in the last 24 hours, but its character is not so one-sided, according to CoinGlass.
In the midst of this turbulence, an interesting anomaly has emerged in the trading of XRP, currently the third largest cryptocurrency. For example, in the last four hours, liquidations of perpetual futures on XRP totaled $1.44 billion, but only $111,000 were shorts and $1.33 million longs. This is an abnormal imbalance of 1,209% and speaks volumes about the current sentiment around the popular cryptocurrency.
In other words, most traders are bullish on XRP right now, at least in the short term. However, the market is punishing those who have over-leveraged positions or those who opened late, leading to such discrepancies in trading. The late sellers are also there, but in much smaller numbers. The roots of such an abnormal imbalance in XRP trading lie in the price action of the popular cryptocurrency. Looking at the price chart of XRP, one can understand why there has been a bullish bias toward the token. In the last two days, the price has skyrocketed over 30% and is currently trading at $2.40.
Considering that the XRP price has gained over 400% in the last few weeks and has been in the spotlight of the entire crypto market, many saw an opportunity to jump on the bandwagon. However, as always, latecomers and those who did not manage the risk properly were shaken off, with only a 2.9% decline during today's trading session.
In his post, Markus, who has 2.2 million followers on X, jokingly advised how anyone can replicate this. Markus says that to do this, one needs to "release a cryptocurrency worth $60 billion that the richest man in the world finds amusing."
The post suggests that his huge fan base came from the Dogecoin community, which has become a major support. The Dogecoin creator, who initially founded it as a joke, alluded to this in the post when he mentioned, "Fumble your bag."
Markus humorously suggests that he did not bet on Dogecoin’s massive success alone. However, with his close association with Elon Musk, the Dogecoin project has thrived. Hence, a mix of DOGE and Musk can help drive social media success.
Beyond social media fame, analysts have lauded DOGE’s remarkable performance in the crypto space as the leading meme coin. Evolving from a "joke," Dogecoin has grown into a massive asset valued at over $61 billion in market capitalization.
DOGE market update and outlook As of this writing, the DOGE price was trading at $0.416, up 3.21% in the last 24 hours. However, market volume has recorded a significant drop of 34.87% to $6.09 billion. Despite this, bullish sentiment remains high.
Market watchers consider Musk's recent nomination as one of DOGE’s greatest influencers in the incoming administration to be contributing to the bullish sentiment. Musk is known to impact DOGE’s market price with his posts on X.
Additionally, as recently reported by U.Today, the technical indicator for DOGE shows that despite the market correction, Dogecoin’s performance has the potential to regain its bullish trend.
EXPERTS SAYS DOGECOIN SURGE TO 0.66$ IS EASY,BUT FEW WILL BELIVIE IT.
Dogecoin “Easy” Path to $0.66 Following this rebound, analyst Crow shared a chart predicting the patterns Dogecoin could follow in the coming days based on the meme coin’s consistent price action within an ascending pattern. He expects Dogecoin to first rise to near $0.48 before facing a rejection that would drive its price back down to $0.46.
Dogecoin initially encountered a rejection at this level on December 8, which led to a retest of $0.36 shortly after. However, this analyst expects a smaller pullback this time, which would set the foundation for a run to a fresh multi-year high at $0.52.
This level aligns with the top of the ascending channel, and the analyst envisions another short-term correction to test the $0.50 psychological level. A successful rebound from this move is expected to send Dogecoin toward the $0.66 region.
According to Crow, it is easy for Dogecoin to follow this pattern within the next two weeks, but critics who believe the meme coin has lost momentum would likely disagree.
Dogecoin Price Targets Beyond $1
Meanwhile, beyond the near-term targets below the $1 price range, analysts have pointed to Dogecoin’s potential to rally to $3 in the next few months. Analysts holding this view include Ali Martinez and Crypto Scofield.
Martinez has even more speculative outlooks, predicting $18 and $23 based on various technical indicators.
At first glance, the 1-hour ME/USD chart shows that the altcoin is trading within a descending channel. A descending channel, characterized by lower highs and lower lows, indicates a bearish market trend. This pattern suggests that sellers have the upper hand, consistently driving the price downward.
Considering that this is happening with the Magic Eden token volume declining, then the price might go lower. If this remains the case, then ME’s price could decline to $4.93 in the short term.
Magic Eden 1-Hour Analysis. Source: TradingView
On the flip side, if bulls defend the price at the support level of $5.13, this forecast might not happen. In that case, the cryptocurrency’s value might climb to $7.19.
#AAVEprice Aave Price Prediction: 10x Gains in Sight?
AAVE just hit a new yearly high of $382.11 on December 12, catching the attention of many investors. People are asking if this could be the start of a big price jump. In this AAVE price prediction article, we’ll look at what’s driving AAVE’s rise and whether it has the potential to grow even more. Let’s find out what’s next for AAVE!
How has the AAVE Price Moved Recently?
At the time of writing this, the price of Aave is $377.29, with a 24-hour trading volume of $3.43 billion, a market cap of $5.66 billion, and a market dominance of 0.15%. Over the past 24 hours, AAVE has surged by 35.99%.
Aave reached its all-time high of $664.97 on May 18, 2021, and its all-time low of $26.03 on November 5, 2020. Since hitting its peak, the lowest price recorded was $45.88, while the highest rebound price in this cycle was $381.67. The market sentiment for Aave is currently bullish, and the Fear & Greed Index indicates "Extreme Greed" with a score of 83.
Aave has a circulating supply of 15.01 million AAVE tokens out of a maximum supply of 16.00 million. Its yearly inflation rate stands at 2.33%, with 341,663 new AAVE tokens minted in the past year.
Crypto analysts are highly optimistic about the XRP price. As we wrote on Wednesday, one crypto analyst expects that the Ripple price will spike to $5 and then surge to $18 in the long term.
In another X post, Good Mornin Crypto, a popular X user with almost 35k followers, predicted that the coin will “break an all-time high” this month. He pointed to the monthly chart, which shows that the XRP coin is within a touching distance to that high.
Amonyx, another highly popular crypto analyst, predicted that XRP price was about to go parabolic and hit $20. XRP Price Forecast XRP price was trading at $2.4 on Thursday, meaning that it needs to jump by 40% to get to its all-time high of $3.32. Such a move is highly possible when you consider how the coin has performed before. For example, it rallied by almost 500% in November alone.
Further, Ripple has some potential bullish catalysts that could push it higher. Ripple Labs has received approval to launch the RLUSD stablecoin, meaning that it could happen this month. RLUSD will be used alongside XRP in handling payments globally.
Ripple will also benefit from the upcoming Trump administration. One way this could happen is for the agency to end its litigation against Ripple and other crypto companies. Another potential catalyst is that Ripple Labs may decide to file an IPO in 2025.
#Avalanche: JUST IN! POPULAR ALTCOIN AVALANCHE (AVAX)RECIVES 250 MILLION INVESTMENTS PRICE STARTS TO RISE! Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation's last similar token sale was in December 2021, when it raised $230 million.
#XRPPricePrediction FOR DECEMBER 12. Ripple’s XRP is currently up by more than four percent and is trading at the $2.40 levels. The current chart for XRP remains largely unchanged and the primary outlook suggests that XRP could be in the later stages of a bullish structure. The question now is whether this is the breakout to new all-time highs or if the price will test the previous all-time high around $3.30.
Key Support and Resistance Levels
A reaction has been observed at the previous breakout point, which occurred at the 2021 high. The green line on the chart, representing this breakout point, was tested from above yesterday. It’s possible that XRP is still in wave three, with one more potential high before the market moves forward.
Even if the price dips below the green line, indicating short-term weakness, there is a Fibonacci support zone between $1.5 and $1.7. However, the smaller-time frame support levels are more critical for the short term.
Larger Time Frame Outlook
The outlook remains that XRP is in the third wave of the cycle. This remains the case until the market shows significant deviation from this pattern. If this scenario plays out, after the completion of wave four, wave five could potentially take the price into the $5-$10 range.
Critical Support Levels
For the bullish scenario to hold, the price should ideally maintain the $1.99 level, which represents the 78.6% retracement of yesterday’s rally. In a more bullish case, the price should not dip below this level. Additional support levels are found between $2.20 and $1.99, including levels at $2.14, $2.07, and $1.99. This is the key zone where the price should hold before potentially pushing higher.
While there is no guarantee that the pullback will happen, it’s also possible that waves A or one will form another high, leading to a five-wave move upwards. If the pullback occurs, the critical support area is where buyers should ideally step in.
BITCOIN BOUNCES BACK ABOVE $100K AS XRP, DOGECOIN AND SOLANA REBOUND. Bitcoin hit $100,000 per coin again on Wednesday—bringing a number of top altcoins with it—after data dropped Wednesday showing that inflation in the U.S. was rising at an expected pace. The biggest coin by market cap is now trading for $100,500 per coin, CoinGecko shows. It's up 5% in the past 24 hours, and nearly as much over a seven-day period. Bitcoin had dipped below the $95,000 mark on Tuesday, sparking a slew of liquida
#XRP 🐋🎇🧨 CRYPTO WHALES TOOK 100 MILLION CHNACE ON XRP. Whale activity signals confidence amid market decline
Ali Martinez, an on-chain analyst on X, observed that crypto whales bought more than 100 million XRP amid price fluctuations. These whales took advantage of XRP dropping below the $2 support level to snap up the token.
In the recent dip, whales bought over 100 million $XRP! pic.twitter.com/xU2YscIkvj
— Ali (@ali_charts) December 11, 2024
The recent dip spread across other assets, including Bitcoin and Ethereum. The whales might have viewed this as a rare discount to go long. This is likely because there are signals of a potential surge in the price of XRP in the coming days.
Despite intense volatility, the volume of XRP purchased indicates strong interest and confidence by these whale investors.
This whale action is capable of triggering a price surge. Their interest in accumulating such a significant amount of XRP could spur other investors to consider buying XRP. Generally, some investors gauge whale action and market dynamics before committing funds to an asset.
XRP rebound and market sentiment
As of this writing, the XRP price has rebounded and is exchanging for $2.37, a 5.89% increase in the last 24 hours. Market volume has grown by 13.14% to $24.06 billion, indicating growing confidence by investors in the XRP market.
This price performance directly answers the challenge by critics like Atomic Wallet, who regularly make sarcastic comments about XRP. In a recent post, Atomic Wallet stated it would delete its X account if XRP surges past the $3 level.
Analysts believe the price rebound might have to do with the regulatory green light received by Ripple to launch its stablecoin, RLUSD. Whatever it is, XRP investors are on the lookout for the impending rally.
Xrp is hot and it is probably setting up for another big rally. That's the message from the price chart and options market. The payments-focused cryptocurrency is down 10% this week. The pullback, however, has taken the shape of a bull flag. This technical analysis pattern usually slopes in the opposite direction of the preceding sharp uptrend and, more often than not, recharges bulls' engines for further gains. "The breakout should be expected in the direction of the preceding trend, provided i
BABY DOGE AND NEIRO MEME COINS SURGES AS BITCOIN DOG TOKEN HIT ALL TIME HIGH. Some prominent dog-themed meme coins are fetching higher prices to start the week, with coins modeled on Dogecoin’s mascot jumping higher—alongside a Bitcoin-based meme coin that’s dedicated to a puppy wearing an orange hoodie.
DOG•GO•TO•THE•MOON (aka DOG), a so-called Runes token that launched alongside the protocol’s debut in April, set an all-time high price of $0.0096 late Sunday, according to data from CoinGecko.
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