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As the crypto market rides the bullish wave spurred on by Donald Trump's win in the United States Presidential elections, the Dogecoin price has emerged as a top performer, gaining over 25% earlier this week. With momentum building toward a potential all-time high, a crypto analyst highlights that Dogecoin's downside risk has significantly decreased.
Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.
Given the growing optimism and market resiliency in the past few weeks, major crypto assets like Dogecoin have gained notable upward traction. As a result, analysts are predicting that the next price rally of the dog-themed meme coin potentially to new all-time highs could be on the horizon.
The promotion period for the offering will run from November 8 to November 21.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Dogecoin (DOGE) saw a massive surge in value, jumping around 25.4% over the past 24 hours, briefly reaching $0.2133, according to data from CoinMarketCap.
Blockchain-focused firm Spirit Blockchain Capital Inc. has acquired Dogecoin Portfolio Holdings Corp. Noteworthy, the acquired firm was founded by entrepreneurs and supporters of the dog-themed memecoin Dogecoin (DOGE). The strategic move is aimed at boosting the adoption of the pioneering digital currency.
Dogecoin (DOGE) price, a leading meme-based cryptocurrency, has seen a strong surge in value recently, capturing attention across trading platforms. Over the past week, the DOGE price has shown steady growth, consistently defying market dips and emerging as one of the top performers.
Chinese cryptocurrency journalist and blogger Colin Wu has reported that Spirit Blockchain Capital has finally completed the acquisition of Dogecoin Holdings. This may potentially help to increase the global adoption of the original meme cryptocurrency, DOGE.
In a surprising move, Spirit Blockchain Capital Inc.(Canadian Securities Exchange: SPIR), a blockchain tech company and digital asset management firm, has announced the acquisition of Dogecoin Portfolio Holdings Corp, a startup focused on supporting the DOGE brand. According to the announcement, Spirit Blockchain Capital will acquire all the issues and outstanding assets of Dogecoin Holdings.
The recent Dogecoin price rally appears to be losing steam following an impressive surge that pushed its price above $0.21 for the first time since April to mark a notable seven-month high. This intense week of upward movement has been followed by profit-taking by traders, which has triggered a pullback in the Dogecoin price.
The Dogecoin price has risen by 2.5% today, with the meme token getting ready to test its key $0.20 resistance level. The post Dogecoin Price Nears Critical Level – $10 Target If Bulls Hold the Line appeared first on Cryptonews.
Amid a highly market witnessed recently in light of the U.S. elections, a meme coin diamond-hand trader nabbed substantial market attention by making massive profits. On-chain data on Friday indicated that a trader made nearly $4 million worth of profit trading Department Of Government Efficiency (DOGE) meme token.
Pseudonymous millionaire trader ‘Unipcs,' informally known as ‘BONK Guy,' has been highlighted by on-chain analytics firm Lookonchain for amassing significant gains by investing early in the Department of Government Efficiency (DOGE) and MAGA (CRYPTO: MAGA) meme coins. What Happened: Lookonchain on Friday shared the trader's journey, which saw him investing 235 Ethereum (CRYPTO: ETH), valued at $584,000, when the Musk-themed DOGE — not to be confused with the much bigger and more popular Dogecoin (CRYPTO: DOGE) — traded at a $2.7 million market cap, yielding him 33.35 million DOGE, now worth $4.7 million.
DOGE and XRP were added to Binance Smart Arbitrage during a strong crypto market.
Dogecoin may be up 120% for the year, but is it a good investment?
Dogecoin (DOGE) is maintaining an upward momentum, capitalizing on the impact of the Donald Trump victory with an analyst projecting a parabolic rally for the meme coin.
Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.
An analyst has pointed out how this price level could end up being the next destination of Dogecoin based on a Descending Triangle pattern. Dogecoin Is Moving Inside A Descending Triangle Right Now In a new post on X, analyst Ali Martinez has talked about a pattern that has recently been forming in the price of Dogecoin.
After the recent rise in the Bitcoin price to new highs, the token, along with the other altcoins, has begun to consolidate. Moreover, the bulls have been fighting with the bears since the last trading day, which may delay the next bullish action.
The world's largest crypto exchange Binance on Friday said it has added XRP and Dogecoin (DOGE) to smart arbitrage offerings. Binance Earn's addition of XRP and DOGE sparked huge speculation for an imminent price rally.
Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.
Binance's Smart Arbitrage now supports XRP and DOGE, with a promotional campaign offering 45,000 USDT in rewards. Participants can earn bonus APR and trading fee rebates.
Bitcoin tapped an all-time high, and Ethereum soared as the Federal Reserve's latest quarter-point rate cut boosted market momentum on Thursday. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m.
