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Considering that Dogecoin (DOGE) is now ranked higher than Cardano, it is possible that $DOGE may eventually surpass $XRP While the cryptocurrency market rises 1% in 24 hours, Dogecoin rose 3% to $0.1949. #DOGE is up 7% in a week, 14% in 30 days, and 128% in a year. Due to its success, Dogecoin currently ranks ninth in market cap, surpassing #Cardano (ADA). It may rise when the market becomes bullish this year, and DOGE payments on X might propel it into space. DOGE's chart shows an uptick that may last a day or two. After rising over the 200-day average (blue) yesterday, the 30-day average (orange) may climb farther before running out of gas. DOGE's relative strength index (purple) has rebounded in the last day and climbed up again this morning after a hiccup. DOGE's 24-hour trading volume reached $3 billion today, indicating momentum. This is up from $1.8 billion a few days ago, showing purchasers are returning to DOGE and buying it cheaply. Data shows many significant exchange movements this week, indicating an accumulation phase. The April 20 Bitcoin halving may boost the market and Dogecoin price in the short and long term. Some have predicted a short-term drop after the halving, but BTC's expansion will help the market. Dogecoin may gain later this year from its own news. X may someday provide digital payments on its social network, including bitcoin. Dogecoin might skyrocket if they integrate crypto and DOGE. After X payments debut, it might reach $1, but delays could lower price to $0.4 by the second part of 2024. #Memecoins

Considering that Dogecoin (DOGE) is now ranked higher than Cardano, it is possible that $DOGE may eventually surpass $XRP

While the cryptocurrency market rises 1% in 24 hours, Dogecoin rose 3% to $0.1949.

#DOGE is up 7% in a week, 14% in 30 days, and 128% in a year.

Due to its success, Dogecoin currently ranks ninth in market cap, surpassing #Cardano (ADA).

It may rise when the market becomes bullish this year, and DOGE payments on X might propel it into space.

DOGE's chart shows an uptick that may last a day or two.

After rising over the 200-day average (blue) yesterday, the 30-day average (orange) may climb farther before running out of gas.

DOGE's relative strength index (purple) has rebounded in the last day and climbed up again this morning after a hiccup.

DOGE's 24-hour trading volume reached $3 billion today, indicating momentum.

This is up from $1.8 billion a few days ago, showing purchasers are returning to DOGE and buying it cheaply.

Data shows many significant exchange movements this week, indicating an accumulation phase.

The April 20 Bitcoin halving may boost the market and Dogecoin price in the short and long term.

Some have predicted a short-term drop after the halving, but BTC's expansion will help the market.

Dogecoin may gain later this year from its own news.

X may someday provide digital payments on its social network, including bitcoin.

Dogecoin might skyrocket if they integrate crypto and DOGE.

After X payments debut, it might reach $1, but delays could lower price to $0.4 by the second part of 2024.

#Memecoins

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Bitcoin Value Holds Steady to $62,000 Despite Market Volatility The market's turbulence in the last day has caused Bitcoin long liquidations to climb beyond $30 million. There were more than $145 million worth of liquidations in the broader cryptocurrency market around the same time. Because of the unpredictable nature of the market, the price of Bitcoin has been ranging about $62,000. Because of this, the number of lengthy liquidations has increased dramatically, jumping over $30 million in only one day. The market cap leader in digital assets has been having a tough time staying over $62,000 since the price dropped. Market Volatility and Historical Data Bitcoin holdings worth $40 million were liquidated in the last 24 hours. More than $145 million in liquidations occurred at that time, impacting the broader bitcoin market. Bitcoin has dropped more than 3% in the last 24 hours and is now trading at about $62,300. There has been a 3% drop in the price of Ethereum to $3,007 within the same time frame. Glassnode said in a recent market analysis that Bitcoin halving occurrences are usually announced in advance. In the short term, there is usually a rocky "sell-the-news" event. The price of Bitcoin fell by more than 11% and traded around $57,000 during the fourth halving, as it had done in previous instances. In spite of the market's recovery and relative stability after the halve date, this remains the lowest price in the last two months. In addition, the study noted that after two weeks, prices remained unchanged in the first and second half cycles, with the first halving showing an 11% increase. According to statistics from Coingecko, Bitcoin's dominance increased little to 50.9% while Ethereum's fell marginally to 15% during the last day. The total value of all cryptocurrencies in circulation fell 2.3% in the last day, reaching $2.41 trillion. During the same time frame, the GM 30 Index—which represents a selection of the top 30 cryptocurrencies—fell 2.98% to 128.48. #BTC #CryptoWatchMay2024 #bitcoin $BTC
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XRP falls to $0.51 when SEC redacted file is released Ripple lawsuit grows after redacted SEC file is released. Ripple, SEC, and connected parties will request remedies-related papers be sealed by May 13. XRP loses Monday gains and falls below $0.51 early Wednesday. XRP fell to $0.51 on Wednesday, erasing gains from earlier this week. Redacted SEC filing is public. After Ripple and the SEC file and present evidence, connected parties submit omnibus letter motions. The move will seal or redact remedies-related files and evidence by May 13. After submitting their remedies-related documents, Ripple and the SEC made redacted copies public. Recent legal filings by the regulator and payment remittance provider address two important concerns. SEC claims Ripple offered unregistered securities (XRP) to institutional customers pre- and post-lawsuit, demanding $2 billion in fines. Second, Ripple's $10 million fine counterclaim claims that the SEC's $2 billion demand is unreasonable and unexplained. SEC Chief Assistant Accountant Andrea Fox commented on Ripple's financial accounts after the commission dismissed its action against Brad Garlinghouse and Chris Larsen. Ripple's $10 million counter is criticized by the SEC, but a minor penalty may not dissuade future large-scale capital raising without registration. In May, the court will decide punishment. Technical analysis: XRP falls below $0.51 Ripple may fall further 3.35% from $0.5217 to $0.5045. This is Ripple's 38.2% Fibonacci retracement from April 9's $0.6431 high to April 13's $0.4188 low. If XRP falls further, the May 1 low of $0.4782 may support it. Moving Average Convergence Divergence (MACD) histogram bars above the neutral line indicate diminishing positive momentum. A daily candlestick close above $0.5310, the 50% Fibonacci placeholder, might disprove bearishness. XRP may meet resistance around $0.5574, the 61.8% Fibonacci retracement of the April 9–13 fall. #altcoins #Memecoins #XRP #CryptoWatchMay2024 $XRP
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FTX files consensus-based restructuring, awaiting bankruptcy court approval The expected updated plan of reorganization from FTX Trading and its affiliates was filed today. FTX exchange shared a customer and creditor compensation scheme. Though still awaiting bankruptcy court approval, the strategy might boost sector liquidity. FTX submitted a consensus-based reorganization plan over two years (almost 17 months) after filing for Chapter 11 Bankruptcy in the District of Delaware. Thanking all stakeholders and promising to “return 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” FTX CEO and CRO John J. Ray III said: We, the independent Board of Directors of FTX, send our sincerest gratitude.Finally, I appreciate FTX consumers and creditors' patience during this process. The concept has two main benefits for clients and creditors: “98% of FTX creditors to receive 118% of allowed claims in cash within 60 days of effectiveness. Other creditors to get 100% of allowable claims plus billions for investment time value.” Government and commercial partners would settle conflicts without expensive and lengthy litigation under the concept. The plan describes how the exchange would divide “virtually all of the assets associated with FTX at the time of its collapse in November 2022” to clients and creditors, pending Bankruptcy Court approval. No matter the asset price, they will be paid at 2022 crypto values. Assets controlled by the Joint Official Liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of The Bahamas, FTX Australia, the US Department of Justice, and dozens of private parties that assisted in recovery. Bloomberg reports that FTX has billions more than it needs to compensate clients for a November 2022 collapse. This allows the corporation to recover fully in bankruptcy. Creditor payments would boost crypto prices by increasing market liquidity. FTX coin FTT increased approximately 25% to $2.06 following this announcement. #CryptoWatchMay2024 #altcoins #ftt $FTT #ftx
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Dogecoin may rise 15% before investors worry about sell-off. Dogecoin rose 30% between May 1 and 4. DOGE may surge 15% to $0.181 soon. A correction following this initial move might cause a severe drop to $0.116. Dogecoin (DOGE) price may reverse over a longer timeline. It might cause a short-term uptrend. Crossroads for Dogecoin On May 1, dogecoin price fell below the March 20 swing low, breaking the bullish market structure. This implies market uncertainty, which might reverse the upswing or foreshadow a bull market downturn that restarts the climb. Due to this market structure breach, DOGE might sweep the $0.181 weekly resistance level and correct to the $0.116 support floor or directly fall to $0.116 in the following days. The three-day Relative Strength Index (RSI) has dropped below the 50 mean level for the first time since February 24, and the Awesome Oscillator is about to drop below zero. On a high period, both momentum indicators indicate decreasing bullish momentum. Dogecoin price is expected to fall owing to a probable mean reversion play after a parabolic spike in March and liquidity below the equal lows created just above the $0.116 support floor. Dogecoin's price will likely fall in the next weeks as Bitcoin's prognosis remains unclear. DOGE's on-chain measurements indicate relief. The IntoTheBlock Global In/Out of the Money (GIOM) indicator reveals 82.67% of investors are “in the money.” However, the $0.152–$0.143 support zone is tiny and unlikely to hold if selling pressure spikes. Thus, 676,000 addresses bought 31 billion DOGE at $0.116, the following important milestone. If the price drops below their entry level, these investors will purchase more, creating a support zone. GIOM also indicates a weak immediate resistance zone at $0.176. DOGE bulls face a ceiling of $0.182–0.671, where 751,000 addresses that bought approximately 13.5 billion DOGE are “out of the money.” If DOGE reaches breakeven, these investors may sell. #CryptoWatchMay2024 #Memecoins #DOGE $DOGE
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