Price analysis 2/8: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.
Keep up with what's happening in the crypto world in real-time.
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.
Alex McCurry, the CEO of Solidity.io — a blockchain-based platform for smart contract audit and token development — has taken a potshot at Dogecoin, Shiba Inu, and other meme-inspired cryptocurrencies.
Disclaimer The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
Since early January 2023, the crypto market has recovered, with several major, often upward movements. But not all cryptocurrencies are moving in the same way, crypto like Dogecoin (DOGE), Tron (TRX), Polkadot (DOT) and Quant (QNT) have something different.
Elon Musk, the new face at Twitter, has hinted at different instances of integrating crypto payments. Given the anticipation and past relationships, Dogecoin (DOGE) sees more holders jumping on the DOGE bandwagon.
A Dogecoin (DOGE) wallet is suddenly re-awakening after more than nine years of hibernation to realize a massive increase in the value of its holdings. According to data from crypto whale tracker Whale Alert, the dormant address, which was holding 2,043,137 DOGE, unloaded the tokens over the weekend to pocket exponential gains.
Yilong Ma, the internet's new celebrity, is making waves on social media and TikTok for his uncanny resemblance to Dogecoin (CRYPTO: DOGE) proponent and billionaire entrepreneur Elon Musk. What Happened: In a viral TikTok video, Ma, a Chinese doppelganger of Musk, can be seen in a fit of car rage while rejecting cash, but his anger instantly dissipates when the offer of DOGE is put forward.
On Feb. 8, Alex McCurry, the founder of Solidity.io, a blockchain development firm, took to Twitter to call Shiba Inu, Dogecoin and other dog-inspired cryptocurrencies "garbage."
Major coins traded in the green on Tuesday evening, as the market capitalization after the U.S. Federal Reserve Chairman Jerome Powell reiterated that the “disinflationary process” has started in the economy. Cryptocurrency Gains (+/-) Price Bitcoin +2.15 $23,335 Ethereum +3.74 $1,685 Dogecoin +2.87 $0.092 What Happened: The largest cryptocurrency by market value Bitcoin (CRYPTO: BTC) was trading above $23,000.
While meme stocks GME, BBBY and AMC have clawed back losses this year, DOGE holders are booking profits
Bitcoin [BTC] continued to trade beneath the $23k mark. While it hasn't retested the $22.3k support zone, it hasn't broken above $24.2k either.
Dogecoin (DOGE), the cryptocurrency that powers the Shiba Inu meme-inspired layer-1 Dogecoin blockchain, was last trading higher by about 1.5% this Tuesday just to the north of the $0.09 level. Dogecoin has now rallied just shy of 3% from Monday's lows just under $0.09, with buyers seemingly having come in to support the token as it retested its 21 and 100-Day Moving Averages. Near-term price predictions thus remain modestly upbeat.
A pseudonymous crypto analyst on Twitter recently stated that Dogecoin (CRYPTO: DOGE) is performing remarkably putting in a truly "god tier" low. What Happened: ‘Smart contracter' told his 220,100 followers on Twitter that DOGE is at an incredibly low price at just $0.091.
If the Dogecoin (DOGE) price breaks down from its channel, it could fall to $0.079.
Pseudonymous crypto trader Rekt Capital (@rektcapital), who issues his own newsletter, (has shared a DOGE chart for his army of 335,000 Twitter followers, suggesting that the original meme token has a good chance to show a breakout.
Dogecoin (DOGE) price has recovered over 40% since hitting a low of $0.066 on December 30. The rally was supported by rising Dogecoin development activity, whale accumulation, and Elon Musk continuously hinting at Dogecoin integration on Twitter payment.
Decoupling Dogecoin from Litecoin's mining dependency to Ethereum's algorithm, it will allow more Eth graphics card miners to participate in the network.
A crypto wallet with 2 million Dogecoin (CRYPTO: DOGE) has awakened after remaining dormant for 9.1 years. What Happened: At the time of writing, the holdings were valued at $186,364.
Major coins traded flat on Monday evening, as the market capitalization fell 0.72% to $1.06 trillion, recorded at 8:30 p.m. EST. Cryptocurrency Gains (+/-) Price Bitcoin -0.78% $22,833 Ethereum -0.69% $1,624 Dogecoin -2.66% $0.090 What Happened: The largest cryptocurrency by market value, Bitcoin (CRYPTO: BTC), dipped below $23,000.
Blockchain data shows that out of the top meme-inspired cryptocurrencies, Dogecoin ($DOGE) and Shiba Inu ($SHIB), the majority of investors in the latter are still underwater, while the majority of investors in the former are in a state of profit.
A trader who correctly called Bitcoin's recent dive below $23,000 says he's now ready to re-enter the market. The pseudonymous analyst, known in the industry as Smart Contracter, revealed he switched to stablecoins last week in anticipation of BTC diving to as low as $22,000.
According to Whale Alert, a Dogecoin [DOGE] holder who owns over 2 million worth of the meme resurrected the wallet on 5 February. At the time of writing, the holdings were valued at $186,364.
It was a bearish Monday session for the crypto market, with Fed Fear continuing to test appetite for riskier assets following the US Jobs Report.
The XRP community is in high hopes as Schwartz applauds Musk for winning the case against the SEC.
