Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week.
As whale activity increases and the price approaches crucial resistance levels, Dogecoin has been garnering a lot of attention. Market conditions point to the potential for another wave that aims for the eagerly awaited $1 mark following a robust rally that lifted the meme coin above $0.5.
After reaching an all-time high, where could SOL go next? Let's find out.
Dogecoin was on track to test its all-time high, but there might be a hindrance ahead.
Here is how some of your favorite assets concluded the week.
No Rest For the Wicked: Another Big Weekend Move for Dogecoin
The NFT market showed resilience in the past week, with overall sales holding steady despite a slight drop. Solana maintained its position as the third-largest blockchain for NFT sales, recording $23.9 million in weekly transactions.
Arthur Hayes, the former CEO of Bitmex, has shared his thoughts on the future of cryptocurrencies and issued some bold predictions about Bitcoin (BTC) and Dogecoin (DOGE) in a recent podcast. Thus, the entrepreneur thinks Bitcoin could reach $100,000 by the end of 2024, and maybe even $250,000 by the end of 2025.
Widely followed crypto trader Rekt Capital says that Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big rally to new price targets. Rekt Capital tells his 514,000 followers on the social media platform X that AVAX has turned the $38.
Bears have turned out to be more powerful than bulls on the last day of the week, according to CoinMarketCap.
It's another recent milestone for Dogecoin, but the market is now red with Bitcoin down and DOGE and other meme coins falling hard.
Catslap token price has hurtled to a new all-time high of $0.0069 and a corresponding market cap of $62 million. The post DOGE, Pepe, Popcat Stall But New Meme Coin Catslap (SLAP) Price Explodes 50% Today appeared first on Cryptonews.
Solana (SOL) has recently been making headlines with a major whale purchase of 100K tokens, valued at a significant $23.86 million. This acquisition has raised questions about whether Solana's price could see a continued surge, potentially reaching the $400 mark.
Crypto analyst Master Kenobi has made a bold two-day prediction for the Dogecoin price, stating that it will hit a new all-time high (ATH) in the next two days. The analyst highlighted Dogecoin's Relative Strength Index (RSI), which he suggested is very bullish for the meme coin at the moment.
As the regulatory and market dynamics change in favor of digital asset products, the launch of a Solana ETF soon seems to be on the horizon. Equity exchange Cboe BZX on Thursday filed four applications for spot Solana ETFs, with proposals from VanEck, 21Shares, Bitwise Asset Management and Canary Capital.
Solana's (SOL) price clinched a new all-time high of $264.39 during the trading session on November 23. Its price has since witnessed a 3% correction, causing the popular altcoin to exchange hands at $255.12 as of this writing.
Investor and crypto bull Dan Tapiero says that the rise of thousands of new memecoins in the digital asset space is laying the groundwork for traditional finance to adopt blockchain.
The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours.
Major asset managers, including VanEck, Bitwise, and 21Shares, have filed applications for spot Solana ETFs.
A whale recently acquired 100,000 Solana (SOL) tokens, valued at $23.86 million, sending ripples through the cryptocurrency community. The massive purchase and strategic staking of Solana's native token have fueled speculation about the future of Solana's price, with many asking: Could the asset be on track to hit the $400 mark?
There is growing optimism in the cryptocurrency space as Solana (SOL) spot exchange-traded fund (ETF) filings continue to move forward with the U.S. Securities and Exchange Commission (SEC). Recent reports indicate that the SEC is engaging with asset managers filing for Solana ETFs, signaling a promising step towards the approval of such products.
Solana is booming, with DEX volumes exceeding $10 billion and token burns strengthening its deflationary model.
Solana's price action in recent days has been nothing short of impressive. On the weekly chart, SOL's performance reveals a descending triangle breakout rally, following the completion of a classic cup and handle pattern.
Solana (SOL) has become one of the most talked-about projects in the blockchain space, and with good reason. In recent months, the network has surged ahead in critical metrics like daily network fees, decentralized exchange (DEX) trading volume, and real-world adoption.
Since Solana (SOL) is just a stone's throw from the $300 price level, the fourth-largest cryptocurrency shows intensified resilience to reaching the psychological zone of $500.
Tron (TRX) is enjoying a significant surge in the crypto markets right now. The 10th largest cryptocurrency by market capitalization posted a new 6-year high above $0.21 earlier today.
The original meme coin Dogecoin (DOGE) rose today, hitting a new yearly high of nearly $0.48, as fresh speculation over Elon Musk launching payments to his X social media platform arises again.
Dogecoin (CRYPTO: DOGE) experienced a 5% surge following a tweet by Elon Musk on X. This has sparked fresh speculations about the imminent payments service on Musk's social app.
Dogecoin is on a rally, gaining over 20% in the past 24 hours and reaching a current price of $0.47. With strong investor momentum, $0.50 is just around the corner.
"[T]he SEC is now engaging with issuers on this product, which is obviously a positive sign," says ETF Store President Nate Geraci.
The Solana blockchain is witnessing a surge in activity due to a growing frenzy around meme coins.
XRP has experienced a huge surge recently, and it's not alone. ADA and SOL are also seeing gains, with XRP leading the way. Ripple's community seems to be thriving, and the momentum is still strong.
While Cardano and XRP have reclaimed $1, DOGE is yet to reach it. However, its secret weapon could fuel its rise.
Large holders of Dogecoin (CRYPTO: DOGE) have been making significant moves, with Dogecoin whales recently buying up 550 million DOGE tokens, valued at $214.5 million, in one day. What Happened: The transactions, recorded on blockchain monitoring services, highlight the growing activity among Dogecoin's biggest investors.
A popular cryptocurrency analyst who accurately predicted the ongoing Solana price surge has made another bold prediction as the coin rally gains steam. Solana Price Forecast As Pro Makes Bold Prediction In an X post, Crypto Bullet, an analyst with over 141,000 followers, predicted that the SOL price would jump to as high as $600
Solana and Ripple have long been benchmarks for speed and scalability in crypto innovation. Meanwhile, Lunex Network ($LNEX) has been climbing the crypto ladder with its offering of unparalleled interoperability, and it is sure to rattle some cages.
The global cryptocurrency market increased by 11.5% this week, reaching a record high of $3.49 trillion and adding $358 billion in valuation.
A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up. Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level.
The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement.
The cryptocurrency market is experiencing a surge similar to what it did with Dogecoin in 2021.
Solana (SOL) price continues to move sideways, slightly below the wider market after sentiments weakened. The asset traded below major altcoins and failed to register its usual astronomical gains.
Dog-themed cryptocurrency Dogecoin (DOGE) has surged by nearly 25% in the last 24 hours, reaching intraday highs of $0.4807 in Saturday's trading session.
The Bitcoin price is consolidating just below the $100K milestone, which has shaken up the major altcoins. Meanwhile, the memecoin has remained stuck within a range as Dogecoin gains huge momentum.
The price of Dogecoin (DOGE) saw another epic surge in the past 24 hours, rising over 17% to a high of $0.4656. If this momentum continues, on-chain analyst Ali Martinez believes DOGE could rally to $0.82.
The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation.
Tesla billionaire Elon Musk has predicted the U.S. could collapse into bankruptcy "super fast"—joking he will "fix" it with a "department named after a meme coin."
Shiba Inu price continued rising on Saturday, as analysts anticipated big moves ahead, with some expecting it to double, mirroring that of Dogecoin. Analyst Expects Shiba Inu Price To Break Out SHIB price was trading at $0.00002735 on November 23, up by 152% from its lowest point in August this year.
With Bitcoin price remaining volatile and struggling to reach the $100,000 mark, the altcoin rally is gaining momentum. Despite the 99k buyers and 100k sellers going at it, the smart money is flowing into the altcoin segment.