Dogecoin's (DOGE) Parabolic Growth Signaled by 41% Whale Boost

The price of Dogecoin (DOGE) recently experienced a mild correction, dropping from a high of $0.4675 to a low of $0.4393. At the time of writing, the price was down 3.17% in 24 hours to $0.4443.
Despite this sell-off, the DOGE whale outlook looks promising, signaling an impending parabolic run ahead.
Dogecoin whales and price reset
According to data from IntoTheBlock, Dogecoin whale transactions are up by 41% to $23.35 billion. The digital currency has remained a favorite for market whales, as many banks are trying to accumulate more.
Per ITB data, whale transactions are those worth $100,000 and above. Over the past 24 hours, more than 9,400 transactions were registered on-chain.
In actual token terms, this figure comes in at 60.9 billion DOGE, with a dollar value of $23 billion.
Dogecoin remains an attractive option for investors into the market, owing to its affiliation with Elon Musk.
The meme coin remains the billionaire’s favorite, as he often shares posts that promote its growth on X.
With Musk’s Department of Government Efficiency (D.O.G.E), Dogecoin is bound to get more social mentions, or attributions, in the long term.
With this, the coin has what it takes not just to rebound but to soar in the near future. Leading meme coin outlook Dogecoin has continued to serve as a reference point for investors in the broader digital currency ecosystem.
Over the past year, the coin has consistently traded as one of the top 10 coins by market capitalization, setting a major milestone for other meme coins to watch.
#DOGE #Dogecoin #MemeCoinSeason #cryptomarket #CryptoNews

Shiba Inu Surge Just Beginning, Analysts Say SHIB Looks Insanely Strong

The recent crypto bull market tide appears to lift all boats, including the prominent meme coin Shiba Inu (SHIB).
Since mid-September 2024, the token has enjoyed a rally that has seen its price surge as much as 153% from about $0.00001317 to as high as $0.00003343. However, several prominent analysts say this over 150% rally may be the tip of the iceberg.
“SHIB Looks Insanely Strong”
On Saturday, December 7, prominent crypto analyst “Bluntz” opined in a post on X that SHIB looked poised to post several price multiple gains.
In the same post, the analyst shared a chart setting short-term price targets above $0.00006 and $0.00009, representing over 94% and 191% gains from the token’s price of $0.00003089 at the time of writing.
Bluntz’s set targets are dependent on SHIB repeating a pattern observed in March 2024 when its price shot up to peaks of $0.00004567 from around $0.00000907 after its 14-day RSI broke above 70 and surged over 90. This RSI is currently over the 70 mark again amid the latest rally, with more room for growth.
Meanwhile, Bluntz is one of many analysts who have expressed a positive outlook on SHIB in the past few days.
On Sunday, “King’s Chart” asserted that SHIB was “looking good.” Unlike Bluntz, however, the analyst shared a more conservative 35% price gain prediction that would see the token trade at the $0.00004518 price point, citing a potential breakout of an ascending triangle chart pattern.
At the same time, “CAPT. PARA80LIC TOBELERONE” shared a parabolic outlook of SHIB that could see the token surge as high as $0.0001 in the coming weeks and hit a peak of $0.0005 in Q1 2025, representing over 220% and 1500% gains from current prices.
These analysts’ views come as some may see an opportunity in SHIB lagging behind other leading meme coins like Dogecoin (DOGE) despite its recent gains in the broad crypto market rally.
For context, while DOGE has been up over 110% in the past 30 days, SHIB has been up only about 60%.
These views of SHIB presenting a high return opportunity are further strengthened as the token also has some fundamental factors going for it.
Shibarium Recording New Milestones
Shiba Inu’s Ethereum Layer 2 Shibarium has recorded several milestones that suggest it is seeing significant interest. For one, wallets on the network have surpassed 2 million.
At the same time, total network transactions have surpassed 600 million, with daily transactions sometimes reaching nearly 5 million.
This rising interest in Shibarium bodes well for SHIB as the network has an automatic mechanism that burns the token with 70% of network fees.
#ShibaInu #SHIB #MemeCoinSeason #cryptomarket #cryptonews

PEPE Price Records New All-Time High Amid Threat Of Profit-Taking

PEPE hit a new ATH of $0.00002754, supported by strong inflows and investor optimism despite increased profit-taking trends.
The Chaikin Money Flow (CMF) shows renewed buying interest, suggesting continued bullish momentum for the altcoin.
Holding above $0.00002334 support is key; failing this level risks a decline toward $0.00001793, challenging the uptrend.
PEPE has maintained strong bullish momentum, recently forming a new all-time high (ATH) of $0.00002754. The altcoin’s price action has stayed close to its ATH, supported by investor optimism.
Sideways movement over the past weeks reflects resilience, even as profit-taking opportunities emerge, making PEPE a focal point in the crypto market.
PEPE Forms New High
Investor sentiment around PEPE is leaning toward profit booking, with approximately 38% of active addresses currently in profit.
This trend often signals the potential for sell pressure as investors look to capitalize on their gains.
With PEPE reaching a new ATH, this sentiment becomes even more pronounced as holders seek to lock in profits.
Despite this, the broader market enthusiasm has kept PEPE’s momentum alive. However, sustained profit-taking could temper its bullish trajectory.
Investors should remain vigilant, as an increase in sell-offs could lead to a cooling phase, even though the underlying sentiment remains optimistic.
On the macro front, PEPE’s technical indicators highlight strong inflows, as evidenced by the Chaikin Money Flow (CMF) spiking over the past week.
After nearly three weeks of muted activity, the CMF is now above the neutral line, suggesting increased buying interest.
This uptick in inflows has contributed to PEPE’s ability to maintain its upward trajectory.
The current position of the CMF indicates that investors are showing renewed confidence in PEPE.
Sustained inflows could provide the necessary push for the altcoin to continue climbing, reinforcing its position in the market.
A continued positive trend in the CMF could act as a catalyst for further price gains.
PEPE Price Prediction: Continuing the Rise
PEPE’s price recently reached $0.00002754, marking a new ATH while maintaining its bullish momentum.
The altcoin is expected to hold above the critical support level of $0.00002334, even if the market experiences a slight pullback.
This support provides a foundation for potential upward movements in the near term.
The aforementioned factors exhibit mixed signals, but maintaining the $0.00002334 level could enable PEPE to push past its ATH, continuing its uptrend and attracting more investor interest.
A breakout above the current high would reaffirm the bullish sentiment, paving the way for additional gains.
However, if the PEPE price fails to hold the $0.00002334 support level, the altcoin could slip toward $0.00001793. Such a decline would invalidate its bullish momentum, forcing investors to reassess the potential for further price recovery.
#PEPE #pepecoin🐸 #MemeCoinSeason #AltCoinSeason #CryptoNews

PEPE price rally overtakes Dogecoin and SHIB as 13,000 new investors buy in 3-days

PEPE price reached a new all time of $0.000027 on December 8, 2024, crossing the $11 billion market cap milestone for the first time

PEPE price rally has been linked the spike Ethereum ecosystem inflows amid positive speculations surrounding Trump's recent SEC chair nominee.

PEPE has now broken into the list of top 20 ranked crypto assets globally

PEPE Price Analysis:

PEPE price reached a new all time of $0.000027 on December 8, 2024, crossing the $11 billion market cap milestone for the first time. With the latest breakout stretching its year-to-date (YTD) to 200%, PEPE looks now set to outperform rival memecoins, Dogecoin and Shiba Inu for 2024.

Why is PEPE Price Going Up ?

PEPE price hits new all-time high as Trump policies spark Ethereum Ecosystem Inflow

On December 8 2024, PEPE, the second-largest memecoin hosted on the Ethereum blockchain network, broke out to new all-time highs.

The rally has been attributed to Bernstein analysts hinting that the US SEC under Trump administration could approve policy changes to enable staking yield for crypto ETFs.

This proposal means that ETFs tracking spot prices of Proof-of-Stake coins like Ethereum can now stake their holdings to generate additional yield for investors.

Trump’s appointment of crypto-friendly Paul Atkins as Gary Gensler’s replacement further emphasized this stance, sparking record inflows towards  ETH spot ETFs and the broader Ethereum blockchain ecosystem.

The chart below shows how PEPE’s price rally began on December 5, just as Ethereum ETFs hit the highest-ever single day inflows of $428 million.

As depicted above, PEPE price has surged 33.9% since Ethereum’s record ETF inflows on December 5, moving from $0.000020 to hit $0.000028 at press time on December 9.

This rally has set 2 major records for PEPE. First, its market cap has now crossed the $11 billion mark, making it the 20th largest crypto asset globally.

More so, PEPE’s latest price rally brings it year-to-date gains to towards the 2,570% mark. This puts PEPE far ahead of its rival memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB) which are trending with 200% and 400% gains respectively in 2024.

This makes PEPE the most in-demand mega cap memecoin in 2024. As more funds pour into the Ethereum ecosystem amid positive speculation surrounding staking yield approvals for ETFs, PEPE could be poised to close the year on the front-foot, outperforming both DOGE and SHIB.

13,000 New Investors acquired PEPE in the last 48-hours

The recent surge in ETH ETF inflows has evidently propelled demand for PEPE  and other Ethereum ecosystem projects in the past week.

On-chain data further emphasize this stance, showing an unusually high number of new wallets acquiring PEPE since Trump nominated Paul Atkins as Gensler’s replacement.

IntoTheBlock’s New Addresses chart below tracks the number of new wallets that conduct their first transactions on a given day.

s seen abov, PEPE’s new addresses has been on a steady rise in the last 3 consecutive days, recorded a total of 13,030 new wallets between Dec 6 to December 9.

Typically, such spike in new addresses implies that the underlying PEPE token is attracting fresh demand from new market entrants.

More so it also reflects that PEPE’s 33.9% price gains over the last 3 days has been mainly driven my organic spot purchases, rather than speculative trading.

This puts PEPE price in prime position to defend relatively high support levels, and avoid rapid downswings if some short-term traders begin taking profits in the week ahead.

PEPE Price Forecast: $0.000030 breakout in sight

PEPE price action remains bullish as the token hovers near $0.00002647, supported by expanding volatility bands and rising momentum. Insights from the Keltner Channel (KC) and Bull Bear Power (BBP) indicators suggest potential upside toward $0.000030.

The Keltner Channel shows PEPE riding its upper band, indicating strong bullish momentum. Sustaining above $0.00002666, the top of the channel, would validate a continuation to $0.00002800. Breaking this resistance could pave the way for $0.000030, a psychological level aligned with the channel’s upper trend.

Meanwhile, the BBP indicator confirms growing bullish dominance, with green bars increasing consistently above zero. This reflects that buyers are firmly in control, validating upward momentum. Should BBP maintain positive levels, it could support further rallies.

Support at $0.00002136 provides a cushion if bullish momentum stalls. However, as long as PEPE holds above $0.00002400, the uptrend remains intact.

A breakout above $0.000030 would require strong volume and sustained BBP strength, signaling the next target at $0.00003250. Overall, technical indicators align with a bullish narrative for PEPE, projecting sustained upward momentum.

#PEPE #Pepecoin #MemeCoinSeason #cryptocurrency #CryptoNews

PEPE Market Cap Hits $10 Billion, Flips Litecoin After 18% Price Increase

Pepe's market cap climbed to $10.67 billion and surpassed Litecoin after the price increased by 18% in 24 hours.
This milestone can be linked to an all-round rise in network activity as demand for the meme coin surged.
PEPE's price could be set to hit a new all-time high of $0.000030 if the bullish crossover is sustained.
PEPE, the frog-themed meme coin, has achieved a significant milestone by surpassing a $10 billion market cap for the first time. This surge came after PEPE’s price spiked by 18% in the last 24 hours, briefly reaching a new all-time high.
As a result of this increase, PEPE has now surpassed Litecoin (LTC) in market cap standings. Here’s a breakdown of the events that led to this remarkable achievement.
The Ethereum Meme Coin Climbs to the 21st PositionOn Saturday, December 7, PEPE had a market cap of around $9.07 billion with a price of $0.000021. However, a strong 18% surge pushed the price to $0.000027 before slightly dipping to $0.000025, where it currently sits.
This price movement propelled PEPE’s market cap to an impressive $10.67 billion. With 420 trillion tokens in circulation, the price increase clearly played a crucial role in achieving this milestone.
As a result, PEPE now ranks as the 21st most valuable cryptocurrency, surpassing Litecoin, whose market cap remains at $10 billion.
Data from IntoTheBlock highlights an increase in active, new, and zero-balance addresses—key metrics that point to growing demand for the token.
Active addresses track the number of unique wallets engaging in transactions, while new and zero-balance addresses measure first-time users and those adding PEPE to their wallets.
The rise in these metrics signals greater user engagement and bullish momentum. If this trend continues, PEPE might not stop at reclaiming its all-time high but potentially see further price gains.
PEPE Price Prediction: Another All-Time High CloseOn the daily chart, the Moving Average Convergence Divergence (MACD) has moved from negative to positive.
The MACD is a technical oscillator that measures momentum by using the difference between the 12 and 26 Exponential Moving Averages (EMA).
When the 12 EMA (blue) rises above the 26 EMA (orange), the momentum is bullish. On the other hand, if the 26 EMA crosses above the 12 EMA, the trend is bearish.
As seen below, the shorter EMA has crossed above the longer one, suggesting that the meme coin’s value could surpass the resistance at $0.000025.
If this happens, the PEPE’s price might rally toward $0.000030. However, if bears tug the price back from $0.000025, this prediction might not come to pass. In that scenario, the price might drop to $0.000015, and PEPE’s market cap could slide below $10 billion.
#PEPE #memecoins #MemeCoinSeason #Altcoins #CryptoNews

Dogecoin rides Bitcoin’s rally to set a short-term target – Details

Dogecoin is currently in an accumulation phase, with market signals hinting at the potential for a significant rally that could push the asset to a new all-time high.
Recent data showed a notable spike in large transactions and trading volume for DOGE, reaching its highest levels last week.
DOGE’s price movements maintain a strong correlation with Bitcoin.
Following a month-long rally where Dogecoin [DOGE] climbed 131.22%, its upward momentum has slowed over the past week. During this period, the asset recorded modest but positive gains of 3.27% over the week and 1.87% in the last 24 hours.
These developments indicate that bullish sentiment persists, with investors engaging in accumulation—a strategy involving increased buying activity ahead of a potential breakout.
This behavior supports AMBCrypto’s hypothesis that a major price move could be imminent.
DOGE records a major spike in large transactionsIn the last 24 hours, DOGE has seen a significant surge in large transactions. This surge has reached its highest levels in the past week, even surpassing previous records from recent years.
According to data from IntoTheBlock, transaction volume soared to 60.9 billion DOGE, equivalent to $23.35 billion. This was driven by a remarkable 9,410 large transactions within this period.
Large transactions are typically conducted by market participants holding at least 1% of the asset’s supply.
These players, often referred to as whales, have a substantial influence on market trends, triggering either rallies or declines.
Correlation with BTCDOGE has shown a strong correlation with BTC, the cryptocurrency with the largest market cap of $1.97 trillion, according to CoinMarketCap data at press time.
This correlation, measured at 0.97, indicates DOGE is closely mirroring BTC’s price movements. With Bitcoin recently achieving an all-time high of $104,000 and expected to see further gains in upcoming trading sessions, this correlation could positively impact DOGE’s price trajectory.
Furthermore, the holding time for transacted DOGE has surged. Over the last seven days, holding time increased by 301.99%, while a 90-day increase of 526.74% pushed the average holding duration to approximately four months.
This trend suggests that recent accumulation by larger traders reflects growing confidence in DOGE as a long-term investment.
These recent buyers, categorized as whales by AMBCrypto, are prepared to hold their positions for about four months. Interestingly, the 30-day holding metric deviates, showing an average holding time of two months before trading activity resumes.
What’s next for DOGE?A technical analysis of DOGE suggests that the asset could achieve a significant gain of 81.08%, potentially trading at $0.84. This projection aligns with DOGE’s current position in an accumulation phase on the chart.
This accumulation phase is characterized by a horizontal resistance level and a converging diagonal support. Historically, when such patterns follow a strong upward rally, there is a high probability that the asset will replicate its previous upward momentum.
If this scenario unfolds, the memecoin could see a breakout in upcoming trading sessions, driven by market whales.
Once the accumulation phase is breached, the anticipated rally may materialize, pushing the price to new heights.
#DOGE #Dogecoin #BitcoinFuture #MemeCoinSeason #CryptoNews