Dogecoin eyes 30% gain as market 'prices in' potential Trump victory
Dogecoin price has rallied since October, and data suggests it's set to go much higher.
Keep up with what's happening in the crypto world in real-time.
Dogecoin price has rallied since October, and data suggests it's set to go much higher.
Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has marked a local bottom. He further provided insights into what could come next for the foremost meme coin, with a 100% price rally from its current level on the cards.
Dogecoin's price has shot up further as we see whether Donald Trump wins—and if Elon Musk will get to lead a government agency called D.O.G.E.
Dogecoin's (CRYPTO: DOGE) single-day 11% surge has sparked speculation in the cryptocurrency community if a strong bullish run is possible in case of a Trump election win. What Happened: Crypto chart analyst Ali Martinez flagged a “Sell” signal on Dogecoin's 4-hour chart, forecasting a potential correction to $0.161 or $0.156.
Dogecoin remains a significant player in this ever-changing crypto space, especially when the market awaits elections – however, new memecoins such as POPCAT emerged as well. Entrepreneur and financial analyst Ran Neuner did note that while Dogecoin accumulated serious gains, it is supposedly set up for a significant quantity of volatility in case a loss
Today's trending coins list includes a major top 10 cryptocurrency alongside two altcoins that made the list just yesterday. While some of these altcoins saw notable gains over the past 24 hours, another experienced a sharp decline.
For the second day running, meme cryptocurrencies are the top performers among the 100 largest cryptocurrencies. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme coins, managed to reach massive market cap milestones despite crypto benchmarks being in the red.
The price of Dogecoin has jumped by 10.5% in the past 24 hours, reaching $0.168 as election fever helps the meme token to outperform the cryptocurrency market as a whole. The post Dogecoin Set to Soar? Musk's Trump Support Fuels DOGE Price Targets for Election Day appeared first on Cryptonews.
In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare.
The Dogecoin price is once again standing out from other cryptocurrencies with a strong, independent surge. Its latest rally reflects a trend of detachment from Bitcoin's price, which typically sets the pace for most other digital assets.
The cryptocurrency landscape is pivotal as Ripple's case with the SEC ends. This development places XRP Rivals in the spotlight, especially as the U.S. presidential election approaches.
The US elections are on the cards as the top ones, like Dogecoin & Shiba Inu, are gaining back the lost attention. While the entire market is consolidating on election eve, these memecoins have been performing well, with a notable rise in the social sentiments as well.
The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.
Over the past 24 hours, Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
The price of the popular meme cryptocurrency Dogecoin (DOGE) soared over 6.3% today, with a large green candle now heralding its daily chart. As a result of this action, Dogecoin is now quoted above the $0.168 mark, which is the highest price since the end of October, and if we zoom out from the fall 2024 period, it is the highest price for DOGE since May.
As Bitcoin struggles to get back above the $69,000 resistance, and most of the altcoins are bleeding out with all the uncertainty caused by the US election, it does seem odd that the memecoins are starting to run. Dogecoin ($DOGE) is leading that run, and the top memecoins are following.
There is rising liquidity around DOGE as more traders become more interested in the memecoin.
While the broader crypto market experiences a slight downturn ahead of today's US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday.
The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.
Dogecoin outperforms the crypto market on U.S. election day, rising 13.5% amid Elon Musk's D.O.G.E. comments, Trump's poll lead, and a bullish “golden cross” setup.
As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.
As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.
Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.