Essentially, BTC and crypto prices are down because of two reasons. First, the US Dollar moved strongly higher, pushing markets and crypto lower. Second, Bitcoin’s 3-month cycle suggested a local top on December 19th.

While it’s no fun to see the price of Bitcoin drop 12% in 72 hours, it was an inevitable situation.

Here are the 2 reasons why the price of Bitcoin is dropping, and why crypto prices are down. Moreover, there is a psychological effect ($100k) at play which we explain as well.

Long term, we remain bullish as explained in our latest Bitcoin price prediction research. Short term, BTC is clearly vulnerable as the BTC price drop started right at an important point in Bitcoin’s 3-month cycle (see below).

Bitcoin price down: It’s the 3-month cycle

The price of Bitcoin hit a local top on December 18th, one day before December 19th.

Why do we emphasize December 19th?

Because it was expected to be a local top in this current 3-month cycle.

RELATED – 15 crypto forecasts for 2025

As seen below, when looking at the price of Bitcoin through the lens of 3-month cycles, there are some important observations:

• The price of BTC started rising on the 10th of October. See yellow arrow. That’s 10 days into the 3-month cycle.
• History has shown that 3-month cycles tend to have symmetric dynamics, certainly when there are strong trends.
• Consequently, the uptrend within this 3-month cycle was expected to end 10 days before the end of the cycle. With X-mas, our calculation suggested a local top on December 19th.

The chart featuring the BTC price drop says it all.

This was the first sentence of our premium crypto research alert sent to premium members on Dec 10th:

As said multiples times in recent weeks, the time window Dec 9th – 19th would likely provide resistance for crypto markets; a local top in BTC was the predicted outcome.

The 3-month cycle chart, one of the 7 BTC chart variations we track for our members, had the answer.

USD up, Bitcoin price down

The second reason why the Bitcoin price is down has to do with USD strength.

As seen on the next chart, the USD rose sharply in recent days, following the FOMC rate decision:

US Federal Reserve Rate Cut: Powell caution about ‘further cuts’ sent stocks diving

The USD chart broke out yesterday, clearing its important 50% Fibonacci level. That’s too much strength for BTC to stay strong. A Bitcoin price drop combined with a broad crypto market drop is the expected outcome.

Bitcoin down after hitting a psychological level

Another aspect that plays an important role is the importance of the $100,000 level.

It’s a psychologically very, very important level.

In fact, the $100k level is the point from where accelerated moves start, in both directions.

While BTC was rising, well above $100k, it is fair to expect that market volatility will result in the opposite effect.

Whatever happens around psychologically important levels is amplified – both a BTC price rise and a Bitcoin price drop are both strong around a critical level like $100k.

It will take a little longer before BTC decisively takes out $100k. That’s not a bad thing though, as the recent rally was a little too steep and obvious, leaving too many bulls in the arena; that’s not a recipe for a sustained move higher.

What’s next for Bitcoin?

While it insightful to understand what happened in the past (“Bitcoin price dropping – what happened“), it is more important to understand what it means for the future.

What’s next for Bitcoin?

Frankly, we believe holiday season will be choppy for BTC and crypto markets.

• No, we are not predicting a crash.
• But also no bullish continuation.

Bitcoin, similar to altcoins, need to digest, the recent rise.

Moreover, crypto markets are increasingly bifurcated. Look at memes, for instance, they were the first to rise but also the first to decline. Rotation within the crypto space is epic. We expect more of the same going forward.

This is how we are guiding our premium members on ‘what’s next for crypto markets‘ (source: latest premium alert shared on Dec 15th):

We believe that a pullback is a higher probability outcome, and we can track Bitcoin Cash (BCH) + Litecoin (LTC) combined with BTC trends to know for sure. In case BCH + LTC move above their 50% Fib levels, respectively $580 and $130, we will know for sure that bullish momentum will be returning.

We wrote this several days ago, well before the drop. BCH + LTC are well their 50% Fib levels now; they started falling below their 50% Fib and key trendlines since December 17th.

By the way, why are we focused on BCH + LTC? Not because they are an foundational element of our methodology but because Bitcoin is outperforming crypto markets lately which implies that Bitcoin forks, Bitcoin ecosystem tokens and BRC20 tokens need to confirm bullish momentum in crypto markets. They didn’t; consequently, there was no bullish momentum. That’s why we had a defensive stance since Dec 9th.

Whether January will be a strong month or a ‘buy the dip’ month is something we are analyzing right now, based on timeline and cycle analysis.

If anything, Bitcoin seasonality suggests that February is a great month for BTC, so January might be a BUY THE DIP month: Bitcoin Seasonality Charts: Buy The Dip Underway?

Read our recent premium alerts in the restricted research area:

We will guide our premium members towards the next BUY THE DIP opportunity.

Notable market analyst Dima James Potts believes Dogecoin will surge to a double-digit figure this bull cycle, providing the timeline for its realization.

Dogecoin has shown strong recovery signs after a substantial correction yesterday. The doggy-themed meme coin bounced from an over six-week low of $0.26216 on Dec. 20, closing above $0.31000.

Furthermore, DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the bounce, a notable analyst, Dima James Potts, has provided his Dogecoin price target for this cycle.

Analyst Says $10 is Dogecoin’s Minimum Price Target

Potts acknowledged the crypto market’s cyclical paradigm, noting that Bitcoin and major digital assets tend to trounce their previous cycle’s highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995.

Furthermore, Potts stated that Dogecoin has outperformed its third-year performance in the last two bull cycles. For context, Dogecoin surged 72.37% in 2016 and 114.86% in 2020 but has appreciated by an impressive 282.67% this year.

Meanwhile, the commentary shows the analyst expects Dogecoin to close at around $0.31 this year before pushing to at least $10 next year. Notably, $10 is Potts’ base case prediction for 2025, as his chart shows the meme coin can reach $80 per coin, an extremely ambitious target.

Timeline for Dogecoin to $10

Concurrently, Potts provided a timeline for Dogecoin to reach the $10 target. According to his tweet today, the leading meme coin will attain this price level between February 11 and May 7, 2025.

The analyst suggested that Bitcoin might see multiple cycle tops next year. However, Dogecoin will peak on the premier asset’s first top within the date range.

Meanwhile, Potts speculated that growing adoption and technological advancement will drive Dogecoin’s rally next year. Notably, the seventh-largest cryptocurrency by market cap gained traction in November, as the establishment of the D.O.G.E. (Department of Government Efficiency) spurred attention.

Other Dogecoin to $10 Predictions

Additionally, Potts is not the only analyst speculating a Dogecoin surge to $10; other analysts have made similar calls. For instance, seasoned market analyst Ali Marinez asserted that Dogecoin will hit $10, citing a rally to the tip of its ascending triangle.

Meanwhile, Changelly and ChatGPT also predicted that Dogecoin will reach $10. The trading platform predicted that the meme coin would do so in 2040, while the AI bot expects this to happen between 2029 and 2034.

The crypto market is buzzing with opportunities as the XRP price prediction remains bullish, Sui’s ATH is within reach, and BlockDAG redefines blockchain technology.

XRP could see a spike to $4.40 in the next two weeks, supported by robust technical indicators and a positive market mood. Similarly, Sui is on the brink of its all-time high, with the $5 level in sight for eager bulls.

Meanwhile, BlockDAG (BDAG) is turning heads with its bold ecosystem and DAG-based tech. With $170 million raised, 17.4 billion coins sold, and a 2240% ROI for initial backers, BlockDAG stands out as the top crypto coin to buy. Market experts suggest a potential surge to $20 per BDAG coin with upcoming exchange listings.

XRP Price Prediction Aims for $4.40 in Two Weeks

The XRP price prediction has generated considerable buzz after analyst Levi Crypto Crusaders recent forecast on X, predicting a rise to $4.40 shortly. XRP is trading at $2.51 but displays strong signs of an impending bullish run.

The chart reveals a bullish pennant pattern, indicating a possible 97% increase if the $2.90 resistance is overcome. Increasing volume supports this short-term XRP price prediction of reaching $2.90 and $3.20. Overall, market sentiment and technical indicators back this optimistic XRP price prediction.

Sui’s ATH is Near as Bulls Target $5

Sui (SUI) is merely 2% away from surpassing its previous all-time high, hinting at a likely jump to $5. Continued upward trends back the possibility of a new Sui ATH, although indicators like the Directional Movement Index (DMI) and BBTrend suggest a softening in trend strength. Traders are watching the $4.92 resistance; breaking it could send SUI to a new milestone of $5.

However, the ADX shows a reading of 23.3, indicating weaker trend strength than earlier this month. Despite strong bullish momentum, failing to stay above $4.92 could result in Sui testing lower support levels at $4.49 or possibly $3.65, highlighting the need for ongoing market interest to secure a new Sui ATH.

BlockDAG Setting Sights on $20: Is it the Right Time to Buy BDAG Coins?

BlockDAG has grabbed the crypto community’s attention with its ambitious updates and the rollout of Whitepaper V3, driving talks of a future $20 coin value after likely exchange listings.

Crypto experts praise BlockDAG’s cutting-edge DAG-based structure for its scalability and minimal fees, setting it up as a dominant force for the long run. The current presale has been a hit, amassing over $170 million, selling upward of 17.4 billion coins, and pulling in daily sales of nearly $5 million. 

The price for BDAG has climbed from $0.001 in the first presale batch to $0.0234 in the 26th, providing early holders with a 2,240% ROI, marking BDAG as the top crypto coin to buy.

The Whitepaper highlights BlockDAG’s commitment to controlled growth with a maximum of 150 billion coins, benefiting miners, developers, and community members with well-thought-out rewards.

For traders, the enticing BDAG250 bonus system features a 5-tier reward structure, offering more than 150% in bonuses across the initial five purchases.

To illustrate, buying $1,000 in BlockDAG at the current price of $0.0234 per coin, along with the 150% bonus, nets buyers 106,837.6 BDAG coins. Should BlockDAG hit $20, the returns would soar to roughly $2.1 million. 

With the bonus drawing to a close on January 8, participants are quickly buying into this presale, keen to be part of blockchain’s next chapter and capture substantial ROIs.

The Current Top Pick in Crypto—Catch It While You Can!

With the XRP price prediction signaling a jump to $4.40 and Sui’s ATH closing in on the $5 mark, BlockDAG is charting a remarkable course with extraordinary growth prospects. Having gathered over $170 million, sold 17.4 billion coins, and provided early holders with a staggering 2240% ROI, BlockDAG is now the top crypto coin to buy.

The excitement is building with the BDAG250 bonus system and the projection of a $20 coin value, drawing traders who are keen on substantial gains. Reflect on the early days of Bitcoin and Ethereum and consider the potential of missing out—BlockDAG is a chance to be part of crypto history in the making.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Injective is the first and only blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation finance applications, including DeFi, RWAs, AI, decentralized exchanges, prediction markets, lending protocols, and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. Developers can utilize Injective’s plug-and-play modules to rapidly deploy applications that could take years on other chains. Injective is also one of the most interoperable L1s ever created which is fully compatible with major chains such as Ethereum and Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on Wasm 2.0, with advanced interchain capabilities. Injective utilizes a custom implementation of the Tendermint Proof-of-Stake consensus mechanism, providing instant transaction finality with lightning speed – sub second block times (0.6s) while sustaining enormous throughput (25,000+ TPS). Injective currently is also leading new forms of innovation across a number of verticals such as its pioneering work to integrate artificial intelligence with on-chain finance.

Injective has achieved a historic milestone of over 1 billion transactions to date with one of the fastest chains built to date. The Injective ecosystem includes 100+ projects and over 500,000 community members globally. Injective was originally incubated by Binance and is also backed by a group of prominent investors including Pantera Capital, Jump Crypto, and Mark Cuban.

Two weeks ago, Cardano (ADA) was trading above $1.30. Today, it sits at $0.80, having lost over 34% of its value in a sharp decline that erased critical support levels. The drop has left the token in what some might call freefall, with its recent movements resembling a “falling knife” more than a healthy market correction.

Against this backdrop, popular market analyst Peter Brandt has weighed in with his perspective. With decades of trading expertise, Brandt’s observations often carry weight among investors. His latest analysis highlights a head-and-shoulders pattern forming on ADA’s price chart. The neckline for this bearish formation was set at $0.90, a level that has already been breached, adding drama to his forecast of further losses.

Related

Patterns like these do not form in isolation. They often signal deeper trends, and for ADA, the implications are concerning. The head-and-shoulders structure suggests that the price may fall by an amount roughly equal to the distance between the “head” of the pattern and its neckline. 

In practical terms, this could mean another 47% drop in price for the Cardano token.

Related

The community around Cardano is optimistic and believes in the project’s fundamentals, but they might be divided over how to interpret this technical signal. The pattern shows price movement – not the blockchain’s underlying value – and traders often respond to such developments with caution, or sell.

Still, it is not just technical analysis at play here. The market’s feeling is subdued, and ADA’s struggle to hold key levels could signal waning confidence. We do not know if this will play out as predicted, but it is hard to ignore the drop below $1, and the subsequent fall below $0.90. Cardano is about to face a crucial test.

The next few weeks will show if the cryptocurrency can defy the technical outlook or if Brandt’s bearish scenario unfolds as anticipated.

Ripple (XRP) has long been a leader in the crypto space, with ambitious goals of reaching a $10 price point. However, shifting market trends and changing investor interests have cast doubt on whether XRP can achieve this milestone. Enter Lightchain AI (LCAI), a rising competitor that’s turning heads with its innovative approach and promising potential.

Currently priced at just $0.003, LCAI is gaining momentum, and many believe it could hit the $10 mark before XRP. With the Lightchain AI Presale already underway, investors are flocking to this new project, eager to get in on the ground floor. But what gives LCAI the edge over XRP? Let’s dive into the key factors driving its rapid ascent.

Ripple’s Roadblocks to Reaching $10

XRP is not new to big price hopes, with its group often wishing for large jumps. But, som͏e problems are in the way of XRP hitting the sought-after $10 spot

Rules doubt stays a big wall, as lasting law fights, mostly with the SEC, keep on putting a shadow over XRP’s time ahead. Also, the rising fight in crypto market brings another test.

With many new rules giving like or better payment and settling ways, XRP sees more market crowding. Also, XRP’s use relies much on banks’ wish to use its cross-border deal tech which has a slower take-up time.

This slow rise plan can soften the fast price increase many buyers wish for. Though hitting $10 is not unlikely, the way ahead is hard and unclear, making XRP less attractive to short- and middle-term buyers looking for big profits.

The Path from $0.003 to $10 Why LCAI Could Win the Race

For a token priced at $0.003, even incremental successes can trigger massive returns. While XRP would need a massive influx of capital and regulatory clarity to jump from its current price into double digits, LCAI enjoys a ground-floor advantage. Here’s why LCAI might get there first.

• Early-Stage Growth Potential If LCAI rises to $10 from $0.003, it represents an astronomical ROI. Such leaps are far easier for low-market-cap assets with untapped markets.
• AI Market Tailwinds AI adoption is accelerating globally, and a blockchain protocol that can facilitate AI-driven solutions is likely to gain rapid traction and enterprise interest.
• Investor Confidence in Utility Unlike speculative assets that ride on hype, LCAI’s focus on tangible use cases builds investor confidence. As milestones like mainnet launches and industry partnerships materialize, price appreciation could follow swiftly.
• Decisions by the People, for the People With Decentralized Governance Integration, we mix AI smarts with community-driven decision-making. Because two heads (or thousands) are better than one. 
• Built to Scale, Born to Perform Lightchain AI’s architecture is like a rocket—designed to handle massive transactions and computations without breaking a sweat. Perfect for any industry ready to launch. 
• Privacy Meets Fort Knox Your data is sacred. With top-tier privacy and security, Lightchain AI won’t just protect it—it’ll guard it like a treasure chest in healthcare and finance. 
• Global Brainpower Lightchain AI thrives on community. Developers worldwide contribute to constantly sharpen its AI game. Think of it as a giant brainstorm session—but with code.

How LCAI’s Technology Ushers in a New Era

As the crypto market matures, mere speed and low fees no longer suffice. Investors seek tokens that blend innovation, scalability, and real-world application—attributes that define LCAI. By uniting blockchain’s transparency and security with AI’s transformative power, LCAI sets the stage for a new class of dApps that could redefine what’s possible in decentralized ecosystems.

This broader scope allows LCAI to tap into diverse revenue streams and partnerships, expanding its influence beyond just payments and into the core operations of multiple industries. The resulting demand for LCAI tokens can drive price growth that not only matches but potentially outpaces the lofty ambitions set for XRP.

Shift in Investor Priorities

While XRP continues to eye $10, the market’s changing priorities and the rise of AI-powered solutions have paved the way for Lightchain AI (LCAI) to seize the spotlight. Its low initial price, practical applications, and advanced consensus model offer a compelling narrative for investors seeking exponential returns.

As technological and market conditions evolve, LCAI stands a strong chance of reaching $10 long before XRP manages to double its current price. For those who missed out on earlier crypto booms, this under-the-radar AI-blockchain hybrid could be the next big opportunity in a rapidly transforming digital landscape.

Don’t wait until it’s too late; get in on the LCAI presale now and join the revolution!  By investing in LCAI, you are not only supporting a groundbreaking project but also potentially positioning yourself for significant financial gains.

https://lightchain.ai

https://lightchain.ai/lightchain-whitepaper.pdf

https://x.com/LightchainAI

https://t.me/LightchainProtocol

Polygon (MATIC) has made significant strides in the cryptocurrency market, particularly as a Layer 2 scaling solution for Ethereum. Over the years, it has attracted substantial attention due to its ability to provide faster and cheaper transactions, solving some of the key scalability issues that Ethereum faces. With the price of MATIC currently sitting around $0.39, many investors are looking to the future to determine whether Polygon can rebound and if it has the potential to reach $1 in 2024.

As of November 2024, Polygon is seeing some positive price action. MATIC has increased by about 12% in the last 24 hours and is now trading around $0.39, signaling growing investor interest. This comes as the broader crypto market shows signs of recovery, aided by Bitcoin’s recent price volatility. Polygon’s ongoing transition to Polygon 2.0 is another key factor that could drive its growth. The upgrade will introduce features like zkEVM (Zero-Knowledge Ethereum Virtual Machine) and a more robust network of application-specific blockchains, which are expected to improve scalability and broaden Polygon’s use cases, especially in decentralized finance (DeFi) and dApps (decentralized applications).

Looking ahead to 2024, Polygon’s price forecast shows modest optimism. The coin may face some resistance as it attempts to break through the $1 mark, but there’s potential for it to reach a high of $0.75 by the end of 2024. The price could average around $0.53 throughout the year, with a possible low of $0.32 during market corrections. The overall outlook for Polygon in 2024 will depend on how well its new technological advancements are adopted and how the crypto market performs in general.

In the years following 2024, Polygon’s price could see more substantial growth, particularly as the adoption of Polygon 2.0 progresses and more projects leverage its blockchain. In 2025, with the increased adoption of Polygon’s features, the price of MATIC could approach $0.97, possibly hitting a high of $1. However, like any cryptocurrency, Polygon could also experience price corrections, potentially dropping to $0.40. This would result in an average price of $0.68 in 2025, with room for growth as Polygon’s ecosystem matures.

As we look further into the future, the years 2026 to 2030 hold even more potential for Polygon. The network’s growth, along with the expected widespread adoption of decentralized finance and blockchain technology, could drive MATIC’s price higher. By 2026, the price could reach a high of $1.16, with an average value of $0.89. Over the next few years, Polygon may continue to build on this foundation, with its price potentially rising to $1.49 in 2027, $1.91 by 2028, and possibly reaching $2.56 in 2029.

Looking to 2030, MATIC’s price could soar to $3.37, with a potential low of $1.45 and an average price of $2.41. By then, Polygon would likely have cemented its position as one of the leading Layer 2 scaling solutions, with widespread adoption across various sectors, including DeFi, NFTs, and more.

There are several key factors that could drive Polygon’s price in the coming years. The continued development of Polygon 2.0, including the zkEVM upgrade, will enhance the network’s scalability and efficiency, making it even more attractive to developers and users. As the demand for faster and cheaper transactions grows, more projects will likely choose to build on the Polygon network. Additionally, the increasing adoption of decentralized finance (DeFi) and the broader expansion of blockchain technology will further increase the need for Polygon’s services.

Another factor to consider is Polygon’s strategic partnerships with major blockchain projects and enterprises. These collaborations help to solidify Polygon’s reputation and expand its reach, both of which will be crucial for driving the demand for MATIC tokens. However, it’s important to remember that cryptocurrency prices are highly volatile, and external factors such as regulatory changes, market sentiment, and macroeconomic trends can have a significant impact on MATIC’s performance.

In conclusion, while Polygon’s price may not reach $1 in 2024, the coin has strong potential for growth in the coming years. The Polygon 2.0 upgrade, coupled with the expanding adoption of blockchain technology, sets the stage for MATIC to gradually increase in value. By 2030, MATIC could potentially reach highs of $3.37, making it one of the more promising long-term investments in the crypto space. As always, however, investors should be aware of the risks associated with the cryptocurrency market and conduct thorough research before making investment decisions.

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Dogecoin, the OG meme coin that was once close to reaching its all-time high levels, has slipped below its previous support of $0.35. The top meme coin experienced multiple consecutive red days, dropping by double digits due to bearish market sentiments. 

This bearish price action has caused the DOGE price to slip further away from reclaiming its all-time high. Will the drop continue, or will the meme coin rebound in 2025?

DOGE Drops 26% As Crypto Dip Continues 

All it took was for Bitcoin to lose its support at $100k, and the entire market came crashing down. The meme coin market has suffered the most. What was supposed to be a play for a $150 billion market cap has now dropped to below the $100 billion mark. Dogecoin is one of the victims of these bearish conditions.

The token has dropped by close to 30% over the last week, showing intense bearish momentum. At the time of writing, the token is trading around the $0.28 level, with $0.23 acting as a crucial support. Dogecoin’s current market capitalization is above $42 billion.

Dogecoin Price Action in 2024

Dogecoin entered the market in 2024 at around the $0.09 level, experienced a minor dip, rebounded, and then traded sideways around the $0.1 mark. The token’s price action strengthened in March 2024, bolstered by Bitcoin reaching new highs. By the end of March 2024, the DOGE price was above the $0.2 mark. This was followed by a small drop, after which the OG crypto continued to trade around the $0.1 level.

In early November 2024, the token experienced parabolic price action, pushing its price further up to the $0.4 mark, Doge’s highest value since 2022. The highest value that Dogecoin achieved this year was $0.46, after which the recent decline due to Bitcoin losing the $100k support led to its drop to around the $0.28 mark.

This price action mirrors that of other high-cap meme coins, indicating that the same overall market dynamics are in play.

The token’s RSI is around 30.5, just above the oversold zone. Once that value is crossed, a panic rally might ensue. The Santa Claus Rally might also come into play this year, although it didn’t happen in 2023. That said, unless there is a drastic change from the regulatory front, the token’s price may not experience upward momentum this year.

Dogecoin Price Prediction for 2025, 2026, and 2030

2025

Dogecoin may attract new buyers during the New Year, which could marginally push up the DOGE price. The price action may continue to be volatile, at least until the second quarter. One year after the Bitcoin halving, the Dogecoin price may undergo some consolidation before receiving another boost. 

If Bitcoin experiences a bull rally similar to that of 2021, the BTC price may reach new highs, which would attract more degens to the fold, thereby pushing up the DOGE price. The consolidation of DOGE—Department of Government Efficiency—will also pump the token’s value. Given these factors, it is believed that the Dogecoin price will reach $0.8 by the end of 2025.

2026

The surge of 2025 will likely be followed by a drop in 2026. However, investors should expect the price action to continue to be volatile, as has been the case since day one. Additionally, Elon Musk’s tweets will play a major role. 

Furthermore, if the market sees an influx of new celebrities talking about Dogecoin, the meme coin can gain more traction. Given these factors, investors can expect the Dogecoin price to be around $0.5 by the end of 2026.

2030

Dogecoin continues to ride the wave of the virality factor and focuses little on use cases. None exist as of yet, and the Dogecoin Foundation hasn’t successfully created a utility-based ecosystem. While the token’s historical performance indicates that people will continue to support this meme coin based on the memes alone, there is a distinct possibility of more utility-focused investors entering the crypto space, which will impact how Dogecoin performs. 

That said, as long as the token has Elon Musk’s support, it is unlikely that it will drop from its current position as the leading meme coin on the market.

Dogecoin Alternatives to Watch In The Crypto Dip: Upcoming Presales

While Dogecoin continues to charm investors with its doge-based themes, other animal-themed meme coins have started to gain attention. Among them is Flockerz, a meme coin project with hen-based themes, introducing a Vote-to-Earn ecosystem.

The project’s native token Flockerz (FLOCK) is currently on presale and not yet listed on exchanges, so as yet unaffected by the crypto dip.

Flockerz has underscored its use case with strong lore, featuring a character known as “King Birb.” Traditionally a Bitcoin investor, the king watched his kingdom fall and then decided to embrace his degen nature, distributing his powers among his subjects. The story is presented in comic format, emphasizing Flockerz’s aim to be an interactive meme coin.

What makes Flockerz stand out is its Vote-to-Earn feature. The project has a DAO where stakers can vote to decide the token’s future development and earn rewards. With traditional staking perks also available, Flockerz gives reasons for long-term holding. 

Most crypto analysts are bullish on Flockerz. ClayBro, in his recent video, has explained why he believes the token could see 25x returns.

For more details about the project, visit the official website, follow its X handle or join its Telegram channel.

Visit Flockerz

With Cardano (ADA) price crossing below key support levels, sellers are now targeting a retest of $0.70.

As the altcoin market faces a downturn with Bitcoin nearing $95k, top cryptocurrencies like Ethereum, Cardano, and XRP are falling below crucial support levels. Amid rising liquidations, ADA’s price trend marks its fifth consecutive bearish day.

The ADA trend signals significant downside risk with the price falling below $0.90. Could the volatile market drive Cardano’s price down to $0.70?

Cardano Price Analysis

On the 4-hour chart, Cardano’s price shows a bearish channel pattern. The ongoing correction within the falling channel has broken below a key support trendline.

This breakdown suggests a bearish continuation, with the price likely to extend the downtrend. Currently, Cardano’s market price is $0.839, and a bearish engulfing candle is forming on the 4-hour chart.

This engulfing candle breaks the support trendline and is on the verge of closing below it, which increases the likelihood of a drop to the $0.70 psychological support level.

The 200 EMA on the 4-hour chart also produced a bearish crossover. The 4-hour RSI has also entered the oversold territory, further indicating a sell signal for Cardano.

ADA Price Targets

On the daily chart, Cardano forms its fifth consecutive bearish candle. This undermines the previous accumulation phase above $0.90 and has resulted in a break below the 50-day EMA.

As the downtrend continues, Cardano’s price will likely test the 100 EMA at around $0.71. Therefore, the daily and 4-hour charts point to a downside risk of 13-15%.

However, if the 4-hour candle closes bullishly above the support trendline, a potential reversal could push the price back toward the 200 EMA at $0.976.

The cryptocurrency market has faced a sharp downturn, with its overall market cap dropping nearly 9% in a single day. XRP was hit particularly hard, plunging 10% and recording its steepest one-day loss since December 9. This significant decline has drawn sharp remarks from crypto critics, including Messari founder Ryan Selkis.

Ryan Selkis Slams XRP Again

Ryan Selkis of Messari didn’t mince words about XRP’s situation, taking to X (formerly Twitter) to share a biting comment. He humorously suggested it might now be the perfect time to buy XRP, noting that its valuation had fallen below the combined worth of major companies like Coinbase, MicroStrategy, and SoftBank.

His remark followed a previous criticism where he dismissed the XRP community as “worthless bot groups,” intensifying his ongoing criticism of the asset.

The recent criticism seems to be a response to the backlash the former crypto executive received after attacking Ripple’s Chief Legal Officer, Stuart Alderoty, and the XRP community on the same day.

XRP’s Price Slide: Market and Macro Factors

XRP’s price has been heavily affected by the broader market slump, with the token losing 21% over the past two days. It fell from highs of $2.59 to lows of $2.05, signaling growing investor uncertainty.

This decline coincided with the Federal Reserve’s announcement to reduce expected rate cuts for 2025. The news dampened optimism in risk markets, including cryptocurrencies, and has added to the bearish sentiment surrounding XRP.

XRP Price Analysis

As of now, XRP is trading around $2.16, reflecting a drop of 10% in the last 24 hours. Despite this decline, the price seems to have found strong support just below its current level, giving some hope to traders.

Amid the drop, some analysts remain optimistic about XRP’s potential recovery. One of them, DarkDefender, noted a clear breakout on the daily chart. He predicts that XRP might first test $2.42 and, if momentum continues, push past $2.92.

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