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DOGE Rises as Trump Gains US Election Momentum Dogecoin(DOGE), crypto traders' favorite memecoin, is up 11.01% in 24 hours as Donald Trump gains momentum in US presidential elections. DOGE's market value is above $24 billion and its 24-hour trading volume is $2.97 billion, up 45.43%. It's fascinating since major cryptocurrencies like BTC and ETH act differently. They are either down or up slightly. As Donald Trump gained momentum in the US Presidential elections, DOGE prices rose. His positions on immigration and tax reduction are helping him counter Kamala Harris' imprecise criticisms without giving a solution. Republicans voting in huge numbers early in the election also help Trump and DOGE. Elon Musk's insinuations and humorous endorsements, promising Department of Government Efficiency (D.O.G.E) if Trump wins, have helped Dogecoin. Dogecoin has moved dramatically in the previous 24 hours, as predicted. After starting at $0.15, it reached $0.1563, then dropped to $0.1512. The range seemed manageable, so investors remained. A reward of $0.167 is well-deserved if they stay longer. After November 5, 2024, investors may wait to observe if opinions change. DOGE's short-term outlook is bleak. In five days, the price is expected to decline to $0.14133 from $0.160401, a 13.12% monthly drop. Since the current phase is bullish with 69 FGI points, it makes sense. Compared to the 50-day and 200-day SMAs of $0.123836 and $0.128977, trade is mostly up. Current volatility is 15.03%, which is concerning. If the same pace persists, price change may be fast in the future. Dogecoin gained 1.65% in 7 days. Red deals occurred the last two days. Thus, the climb is notable, building on a 53.52% gain in 30 days. Dan Gambardello, a crypto enthusiast, noted that DOGE had a $350 million market worth on Election Day 2020. It appreciated above 20,000%. One of the few coins to rise organically without presale market makers, among other things, makes community members excited about this forecast. #NovemberMarketAnalysis #BTCMiningRevenue $BTC
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Bitcoin ETFs outperformed Gold ETFs by 65% since Debut
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Trump-inspired memecoin MAGA has strong on-chain metrics before US elections Daily active MAGA addresses are rising, indicating network traffic. MAGA's Network Growth metric peaked in mid-July. As TRUMP falls, one generation of whales buys, according to Supply Distribution. After gaining 20% since Sunday, MAGA (TRUMP) trades marginally lower at $3.4 on Tuesday. The former President Donald Trump-based memecoin is set for significant increases as daily active addresses and network growth indicators climb, indicating user acceptance. Supply distribution data also suggests that whales purchased TRUMP's price drop. MAGA on-chain stats suggest a rally. MAGA looks positive in Santiment's Daily Active Addresses indicator, which analyzes network activity. Blockchain use increases as the measure rises, whereas dropping addresses indicate lesser demand. TRUMP's Daily Active Addresses climbed from 903 on Friday to 2,606 on Tuesday, the most since mid-July. TRUMP use is rising, which bodes great for MAGA pricing. MAGA's Network Growth reached 1,226 on Monday, up from 326 on Thursday and the highest since mid-July. A increasing number of new addresses produced everyday indicates greater user adoption and project traction. From October 18, Santiment's Supply Distribution statistic showed whales with 100,000 to 1 million TRUMP tokens decreased from 15.95 million to 11.34 million. In the same time, 1 million to 10 million TRUMP wallets rose from 10.88 million to 16.05 million. This intriguing development suggests that the earliest whales suffered surrender. The second pair of wallets bought MAGA cheaply. #Trump #Maga #NovemberMarketAnalysis #USElections2024Countdown
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CZ Comments on $100 Million Listing Fee Controversy
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Technical Analysis: Will ADA Fall Further? Cardano (ADA) fell below $0.3389 again, raising concerns of a prolonged negative period. This level has historically protected ADA, but its current breach shows sellers are winning. Investors wonder whether ADA's decline would lead to a deeper downturn. This article analyzes ADA's recent slide below the important $0.3389 support level and assesses the potential of a wider downturn as bears tighten their grip. This article will explain ADA's present position, risks, and options in the face of bearish pressure by examining technical signs and market dynamics. Technical Analysis: Will ADA Fall Further? On the 4-hour chart, ADA has broken below $0.3389 and is trading below the 100-day Simple Moving Average. This stance beneath the SMA suggests sellers are in control and a lengthy negative trend. The $0.2388 level will be critical if selling pressure continues. The 4-hour Composite Trend Oscillator for ADA shows negative signs as the SMA and signal lines have dipped below zero and are reaching the oversold zone. This action usually signals that selling pressure is rising and sellers are dominating the market. Cardano's daily chart shows a bearish candlestick pattern that indicates additional selling pressure below $0.3389. This pattern suggests sellers are in charge of the market, constantly forcing the price down, predicting greater losses. A detailed look at the 1-day Composite Trend Oscillator suggests Cardano will lose for a while. A big negative momentum shift has occurred as the signal line has fallen into the oversold zone after failing to break above the SMA line. Cardano may struggle to recover if this bearish trend persists, which might slow price movement. Watch These Levels In The Coming Days Cardano confronts a tough market, therefore investors must watch many crucial milestones in the next days. The $0.2388 support level may defend against further declines. If ADA stays above this mark, it might rebound to $0.3389 or higher. #ADA #Cardano $ADA
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