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10 12, 2024

Dogecoin Price Prediction: Will DOGE Be The Next Coin To Break $1? Investors Bet On New Token

By |2024-12-10T13:36:34+02:00December 10, 2024|Crypto News, News|0 Comments

With Bitcoin breaking $100,000 for the first time ever, traders are excited to see what’s next. But with Bitcoin’s rise slowing down, altcoins are in the spotlight.

One of the biggest gainers is Dogecoin, which could see a rally past its all-time high. However, there’s a new trending token, Cutoshi that’s attracting a lot of excitement too.

Can Dogecoin Break $1?

Dogecoin has been one of the biggest gainers in the current crypto rally. The token recently broke $0.44, the highest price since May 2021. Now, traders are asking how high it can go. The main driver for Dogecoin’s growth was the recent market rally, catalyzed by the 2024 US elections.

With Donald Trump’s victory, Elon Musk, a big donor to the campaign, has the ear of the president-elect. One of the first things that Trump promised was the creation of the Department of Government Efficiency (DOGE). The agency, a playful homage to Dogecoin, was Musk’s idea and is the latest way the billionaire is promoting the token.

Now, traders are betting that Musk can use his influence to promote Doge further. This is why Dogecoin was up 124.20% in the last 30 days, with most of these gains after the election. Analysts agree with the traders and believe that Doge is in a strong position to break the $1 mark.

Analyzing Dogecoin’s past price action yields a strong target for the token. The token recently formed a classic cup and handle before the November breakout. By extending that pattern, analysts put the price target at $1.385.

However, Dogecoin’s weekly Relative Strength Index (RSI) is at 86, suggesting overbought conditions. This could mean that there may be sudden pullbacks. Key supports that traders should watch are at $0.35, $0.285 and $0.22.

Cutoshi Secures over $1.3 Million In Investments

MemeFi Cutoshi (CUTO) achieved a major milestone in its presale. In November, the token broke $1 million in presale investments.

The reason for Cutoshi’s presale success is its blend of memes and DeFi. Cutoshi has the Chinese Lucky Cat as its symbol, which is believed to bring luck and prosperity to its owners. At the same time, Cutoshi takes its name from Satoshi, the creator of Bitcoin. Just like Satoshi, the Cutoshi project believes in decentralization, privacy and digital freedom.

For that reason, this meme coin wants to get as many people into the world of DeFi as possible. It is building a decentralized ecosystem run by its users and one that is very easy to use. At its core is its multichain DEX, with self-custody, low fees and enabling trading on most major chains.

Its features are designed to make DeFi easy for new users. Cutoshi will also have a learning platform, to help new users learn all there is to know about the technology. With more people getting into crypto than ever, platforms like Cutoshi have a chance to make DeFi a viable alternative to centralized exchanges.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken
https://t.me/cutoshi


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.



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10 12, 2024

ADA to $2? Analysts Discuss Cardano Predictions and New Token

By |2024-12-10T11:35:53+02:00December 10, 2024|Crypto News, News|0 Comments

SPONSORED POST*

Could Cardano (ADA) be on the brink of breaking the elusive $2 barrier? Cardano has surged back into the spotlight with a remarkable 168.07% rise over the past month, fueled by technological advancements and increasing adoption in decentralized finance (DeFi). Adding to the excitement, ADA isn’t the only token making waves. Newcomer JetBolt (JBOLT), armed with zero-gas technology and innovative staking models, is redefining blockchain possibilities. 

As analysts debate Cardano’s future and explore rising stars like JetBolt, the crypto market is brimming with potential. What’s driving Cardano’s price prediction, and how does the new token JetBolt stack up against broader market trends? Read on to find out.

Cardano Price Prediction: Analysts Discuss If ADA Can Reach $2

As of December 9th, Cardano trades at $1.16, showing a slight 4.10% dip in the past 24 hours. Despite this, Cardano boasts a 168.07% surge over the past month, propelling its market cap above $40 billion for the first time in three years.

Monthly price chart of Cardano showing a 168.07% surge and sparking predictions as to whether ADA can reach $2 (CoinMarketCap)

Futures open interest also reached a 40-month high of $1.18 billion, signaling heightened activity. Whale accumulation has played a pivotal role, as addresses holding 10 million to 100 million ADA saw significant growth. 

This trend aligns with Cardano’s Total Value Locked (TVL), which surged from $230 million to $705 million in December, indicating increasing adoption of DeFi applications on the network. Cardano’s blockchain advancements, such as the Hydra protocol, further strengthen its appeal. 

Speculation about a potential spot ETF for Cardano has fueled optimism as well. Analysts suggest that favorable developments, such as ETF approval, could push ADA toward $3. Some even predict long-term targets of $6 to $8. 

Despite challenges like broader market volatility, Cardano’s strong recovery and technical advancements position it as a token to watch alongside new players like JetBolt.

JetBolt: Is This New Token the Future of Blockchain Innovation?

While established tokens like Cardano bask in their resurgence, JetBolt (JBOLT) is quietly—but powerfully—making its mark as a new token redefining the crypto narrative. With its innovative features and presale success surpassing 100 million tokens sold, JetBolt has emerged as a compelling contender.

JetBolt’s foundation is its zero-gas technology, a groundbreaking solution built on the Skale Network that eliminates gas fees entirely. This innovation is not just about cutting costs; it’s about removing barriers that have historically hindered blockchain adoption.

But JetBolt’s appeal goes far beyond functionality. JetBolt’s social staking model brings a unique twist to a familiar concept, turning staking into an engaging and interactive experience. On top of traditional token staking, users earn more by connecting with friends. 

For those navigating the fast-paced crypto market, JetBolt offers tools that enhance user experience, such as its AI-powered aggregator. This feature curates crypto market news, tagging stories with bullish or bearish sentiment for a simplified and engaging way to stay informed. It’s another example of how JetBolt ensures users remain at the heart of its ecosystem.

JetBolt’s presale has amplified its momentum with smart incentives like Alpha Boxes, which reward bulk purchases with bonus tokens. Daily price increases also make its presale a strategic move for early adopters. As these incentives build excitement, JetBolt’s community continues to grow, drawn by the token’s mix of utility and forward-thinking features.

ADA Price Prediction: ADA to $2? Analysts Discuss Cardano Predictions and New Token

Conclusion: Predictions About Cardano and New Token JetBolt

Cardano has been drawing attention as it approaches the $2 mark, fueled by strong market activity and technological developments. While challenges like market volatility persist, analysts see room for ADA to not only breach $2 but potentially climb to $3 or beyond.

In a market filled with established players like Cardano, JetBolt represents the energy of a new token unafraid to challenge the status quo. JetBolt’s innovative zero-gas technology, engaging staking model, and user-friendly ecosystem position JetBolt as a game changer in the making. 

For detailed information on JetBolt’s features and presale, check out the official JetBolt website today. 

This article does not constitute financial advice. Always conduct thorough research before acquiring any cryptocurrency. Remember, all cryptocurrencies carry inherent risks and can be highly volatile.

*This article was paid for. Cryptonomist did not write the article or test the platform.

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10 12, 2024

Analyst Says XRP May Face 50% Dump Before 3,500% Rally, Following Tesla Path

By |2024-12-10T09:34:39+02:00December 10, 2024|Crypto News, News|0 Comments

A prominent market analyst believes XRP is following the same path as Tesla before its parabolic surge, suggesting a massive dump before an explosive rally.

This sentiment is held by notable market commentator EGRAG Crypto, who identified recent events that could determine XRP’s next price direction. According to him, XRP might face a bearish 50% price slump, which could precede a more substantial 3,500% rally.

Tesla Historical Price Action

EGRAG confirmed that this price action would trace the path that electric vehicle company Tesla (TSLA) followed back in 2018. 

For context, Tesla Chief Elon Musk’s most recent 60 Minutes appearance occurred in December 2018, where he discussed how “excruciating” 2018 was and the challenges the company faced while deploying Tesla Model 3. 

Interestingly, a few days after the interview, the TSLA stock slumped from a peak of $25.16 on Dec. 13, 2018. Despite mild, occasional recoveries, the bearish push persisted for six months, with prices hitting a floor of $11.8 in June 2019.

Remarkably, Tesla recovered. The rebound push allowed TSLA to reclaim the peak of $25 by December 2019, exactly six months after the bottom. The asset rallied further to $414.50 by November 2021. This marked an impressive 3,412% increase from the $11.8 floor within two and a half years.

Tesla 1M Chart EGRAG Crypto
Tesla 1M Chart | EGRAG Crypto

XRP Following a Similar Trajectory 

In his latest commentary, EGRAG said XRP would follow a similar price trajectory. Recall that Ripple CEO Brad Garlinghouse also appeared on 60 Minutes on Dec. 8 to discuss the SEC lawsuit, crypto’s role in the latest U.S. election and the regulatory atmosphere.

In an interesting twist, XRP has collapsed following the interview. The asset slumped from $2.61 on Dec. 8 to a bottom of $1.96 the next day, representing a 25% drop. This marked the first time XRP dumped below the $2 mark since reclaiming it on Dec. 2.

XRP 1D ChartXRP 1D Chart
XRP 1D Chart

XRP has since recovered from the $1.96 low, currently trading for $2.15, an 18% drop from the $2.61 price. However, EGRAG believes the bearish price action might continue, as he expects XRP’s drop to reach the 50% mark, just like TSLA in 2018/2019.

For context, a 50% collapse from the $2.61 price would translate to an XRP value of approximately $1.3. If this occurs, XRP will have relinquished the $2 mark, but maintained the $1 territory.

Nonetheless, EGRAG suggested that this dump would precede a more explosive upsurge similar to Tesla’s rally. Should XRP witness a comparative 3,412% increase from the anticipated $1.3 floor, its price will explode to $45.6. If the timeline repeats, this peak will materialize in November 2027.

“If Tesla did it, why not XRP?” EGRAG questioned, as he insisted that both assets aligned. However, he noted that despite the seeming correlation in their algorithms, they are 10x apart. XRP is down 21% over the past week.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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10 12, 2024

Ethereum, Solana & Altcoins — Asian Wrap 10 December

By |2024-12-10T07:33:16+02:00December 10, 2024|Crypto News, News|0 Comments

Ethereum (ETH) declined 10% on Monday after investors increased their profit-taking with over $2.5 billion in realized profits. This sparked a two-year high in futures liquidations for the top altcoin. However, ETH exchange-traded funds (ETFs) provide a bullish picture amid the recent selling pressure hitting the market.

Solana (SOL) is currently consolidating after hitting its all-time high at $264.39 on November 22. While SOL is consolidating, trade volume declined, however, total open interest remains above average levels. 

Ethereum (ETH), Solana (SOL), XRP and the general altcoin market experienced a pullback on Monday, recording over $1.5 billion in futures liquidations. The correction shows that Bitcoin dominance is still outweighing altcoins despite speculations of an alt season.


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10 12, 2024

Dogecoin Price Prediction: Can DOGE Reach $15 With The Donald Trump Win While WallitIQ (WLTQ) Becomes Elon Musk’s New Favorite?

By |2024-12-10T05:32:12+02:00December 10, 2024|Crypto News, News|0 Comments

The Dogecoin price generates buzz, as many speculate it could reach $15 following Donald Trump’s victory and return to the U.S. presidency. Meanwhile, WallitIQ (WLTQ) is rapidly gaining traction in the crypto market, with its presale nearly sold out after raising over $2.3 million. Tokens sell quickly, and investors should act fast before the WallitIQ (WLTQ) price skyrockets. With its rapid growth and the potential to become Elon Musk’s new favorite, WallitIQ (WLTQ) is emerging as one of crypto’s most exciting presale tokens.

WallitIQ (WLTQ) Presale Gaining Momentum As The Next Favorite For Elon Musk And Investors

With WallitIQ (WLTQ) rapidly gaining momentum, it’s on the brink of becoming Elon Musk’s new favorite in crypto. The presale has already raised over $2.3 million, and with thousands of eager investors snapping up tokens, WallitIQ (WLTQ) could surpass $3 million in just a few days. The price will jump as the presale nears its sell-out stage, making now the best time to invest at its current discounted rate of $0.0243.

With Donald Trump’s win stirring bullish sentiment across markets, the crypto community is paying close attention, especially as Elon Musk’s new best crypto could turn out to be WallitIQ (WLTQ). Meanwhile, the Dogecoin price remains a focal point in the market, with bulls eyeing a possible $15 following Trump’s win. While the Dogecoin price is gaining attention due to these political shifts, it struggles to break free from the bear grip, leaving investors wondering whether it can reach those lofty highs. 

Unlike Dogecoin, WallitIQ (WLTQ) is a SolidProof audited digital wallet that uses Artificial Intelligence and Machine Learning to secure and efficiently manage and trade over 1,000 cryptocurrencies. Smart investors are already snapping tokens, and Elon Musk’s influence will help drive its massive surge higher. With Donald Trump’s win adding to the bullish momentum, there has never been a better time to act. Don’t miss out; secure the WallitIQ (WLTQ) tokens, now listed on CoinMarketCap, at $0.0243 before it’s too late.

Donald Trump’s 2024 Win Could Push The Dogecoin Price To $12

Donald Trump’s win in the 2024 U.S. presidential elections has sparked excitement in the crypto market, with the Dogecoin price aiming for a possible surge to $12. According to CoinMarketCap data, the Dogecoin price experienced a 1% gain over the past week and a striking 160% monthly surge. However, despite these positive trends, Dogecoin’s 24-hour trading volume has fallen by 37%, now at $6.3 billion, and its price has dropped to around $0.4079.

While some analysts believe the recent dip in the Dogecoin price could be short-lived, many remain hopeful that it will rebound and climb to new heights. As some investors wait to see if the Donald Trump presidential win could trigger a rally, pushing the Dogecoin price to $12, others are growing cautious due to ongoing declines. This uncertainty has led savvy investors to turn away from Dogecoin and buy the WallitIQ (WLTQ) presale tokens, which are rapidly gaining traction as Elon Musk’s next favorite.

Conclusion 

In a market stirred by Donald Trump’s election win, the Dogecoin price aims for $15, while the WallitIQ (WLTQ) presale stands out as a beacon of opportunity and is poised to become Elon Musk’s new favorite. With Elon Musk’s focus on advancing blockchain technology, WallitIQ’s (WLTQ) innovative approach to asset management could soon capture his attention. 

As the WallitIQ (WLTQ) presale continues to surge, selling out more than anticipated, its current price of $0.0243 is set to rise quickly to $0.0420 in the next stage. Investors seeking long-term growth and substantial returns should act swiftly, as this chance won’t last much longer. With Donald Trump’s win sparking optimism in the market, WallitIQ (WLTQ) is positioned to lead the way as a popular crypto presale and a go-to wallet for millions of users. 

WallitIQ (WLTQ), with its unmatched DeFi simplified wallet features and growing popularity, is poised for a significant breakout by 2025, and Elon Musk could take it there faster. Many savvy investors who support Elon Musk’s ventures are already joining the WallitIQ (WLTQ) presale and waiting for significant returns. 

Join the WallitIQ (WLTQ) presale and community: 
Join WallitIQ (WLTQ) Presale
Join the WallitIQ (WLTQ) Community

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10 12, 2024

Why are altcoins down today?

By |2024-12-10T03:31:16+02:00December 10, 2024|Crypto News, News|0 Comments

  • Altcoins began the week with $1.5 billion in futures liquidations as major tokens like ETH, SOL, XRP and DOGE experienced a correction.
  • The altcoin market cap performed a weekly close above $1.6 trillion last week following increased enthusiasm toward an alt season.
  • Investor expectations for an alt season may have calmed after Bitcoin broke the $100K level.

Ethereum (ETH), Solana (SOL), XRP and the general altcoin market experienced a pullback on Monday, recording over $1.5 billion in futures liquidations. The correction shows that Bitcoin dominance is still outweighing altcoins despite speculations of an alt season.

Altcoins decline amid growing expectations for alt season

Major altcoins, including ETH, SOL, XRP, BNB and DOGE, posted losses above 4% on Monday following signs of exhaustion among bulls. The pullback comes after the altcoin market performed a weekly close above $1.6 trillion for the first time since 2021. 

Several crypto community members suggested that the decline may be due to reduced expectations for an alt season after Bitcoin broke past the $100K level.

While BTC only saw a 3.2% decline and about $185 million in liquidations on Monday, altcoins took a hit, experiencing over $1.5 billlion in futures liquidations, per Coinglass data. Notably, most bulls that expected alts to continue their surge were wiped out of the market, with liquidated altcoin long positions reaching a two-year high of $1.4 billion.

Crypto Market Liquidations | Coinglass

Such amount of high liquidations could spark a major FUD among investors and cause them to park their assets in stablecoins or BTC.

However, data from CryptoQuant CEO Ki Young Ju suggested that the earlier altcoins rally was not at the expense of BTC, considering the growth of stablecoin liquidity in the market. This suggests that new money flowed into the market to fuel the rally instead of capital rotation from BTC.

This has fueled high expectations among crypto enthusiasts, who suggested that the correction is a temporary pullback to spring the altcoin market cap to new highs.

A look at previous alt seasons also indicates that this pullback may be healthy for altcoins. In the 2021 market cycle, altcoins saw a major decline a few weeks after hitting new highs in May 2021 before recovering and setting new highs in November.

Total Crypto Market Capitalization excluding Bitcoin

Total Crypto Market Capitalization excluding Bitcoin

As a result, traders may be positioning themselves to treat the decline as a buying opportunity. This is evident in tokens such as SOL and TON, trading slightly below their previous all-time highs.

CryptoQuant data suggests that these two assets are favorites to break past previous ATH prices following BNB and Bitcoin performances over the past week.

“Both projects are supported by strong fundamentals, including active development teams and active networks. Given these figures, it seems likely that these coins could follow Bitcoin’s lead in the near future,” said CryptoQuant analyst Maartun.

Additionally, the recent market decline comes from altcoins’ steady correlation with Bitcoin after it declined below $100K over the weekend. If this correlation remains at elevated levels, the likelihood of a full-blown alt season remains low.


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10 12, 2024

Can SOL Hit $500 as JetBolt Spikes This Altseason

By |2024-12-10T01:30:52+02:00December 10, 2024|Crypto News, News|0 Comments

Solana (SOL) is back in the spotlight, consolidating above $230 after a jaw-dropping 199% surge this year. With decentralized exchange volumes topping $100 billion and whales scooping up 185,000 SOL last week alone, crypto analysts are eyeing a $500 breakout for Solana.

Meanwhile, a next-gen altcoin is emerging as what could be the next crypto superstar: JetBolt (JBOLT), with its zero-gas technology and impressive blockchain capabilities magnetizing whales at a neck-breaking pace.

With whales circling and Solana’s ecosystem surging, the question remains: can Solana really break past its resistance levels and claim the $500 throne? Or will a new altseason star like JetBolt steal the spotlight? Let’s explore whether Solana can hit $500 while uncovering how JetBolt’s presale success is reshaping the crypto market narrative.

Solana’s $500 Target: Is SOL Breaking Barriers or Stalling Momentum?

Solana (SOL) has been a top performer this year, surging over 199% to a peak of $263 before consolidating near the $230 resistance level with a market cap of $110 billion. Thanks to this, crypto analysts are questioning whether Solana can break out and hit $500 this altseason.

Over the past week, Solana has steered a volatile yet consolidative pattern, oscillating between $225 and $245 before closing near $231. Solana’s recent technical indicators also show mixed signals:

  • 10-day SMA: $240.01, just above the 100-day SMA of $231.69.
  • RSI: 51.74, indicating neutral conditions.
  • Trading Volume: Declined from $14 billion two weeks ago to $4.4 billion as of press time.
Solana (SOL) 7-day trading chart from CoinMarketCap, showing price fluctuations between $225 and $245 before settling at $231

Solana (SOL) 7-day trading chart from CoinMarketCap, showing price fluctuations between $225 and $245 before settling at $231

On-chain data also highlights sustained whale interest, with 185,000 SOL tokens ($42 million) withdrawn from Binance last week. Additionally, Solana’s ecosystem is thriving, fueled by DEX volumes surpassing $100 billion and meme coins like WIF driving user activity. However, breaking $500 depends on maintaining momentum from whales and broader market optimism, including Bitcoin’s rally above $100,000.

While Solana’s fundamentals remain robust, challenges like resistance at $240 and a cooling meme coin frenzy may delay its push to $500. For now, all eyes are on Solana’s ability to reclaim its bullish trajectory. Meanwhile, JetBolt (JBOLT) is making waves of its own with a groundbreaking zero-gas presale and outstanding blockchain capabilities that are turning heads across the crypto community.

JetBolt (JBOLT): The Zero-Gas Revolution Taking Altseason by Storm

JetBolt (JBOLT) is rewriting the rules of altcoins during its ongoing presale. Since its launch, JetBolt’s presale has been blazing through the altseason, with over 100 million JBOLT tokens already snapped up, cementing its place as the new sensation ready to reshape the crypto landscape.

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This next-gen altcoin is already shaking up the market with its zero-gas technology, powered by the Skale Network. Say goodbye to high gas fees—JetBolt ensures seamless, gas-free transactions. This innovation also unlocks limitless possibilities for rolling out dApps, SocialFi, Web3, and blockchain gaming projects, giving developers the freedom to build without gas-cost limitations.

On top of that, JetBolt’s AI-powered crypto tool delivers the latest market data and crypto news to its users, seamlessly integrating utility into its platform and equipping users with a cutting-edge tool to help them navigate the fast-paced crypto space.

Meanwhile, JetBolt revolutionizes staking with its user-friendly Web3 wallet, making joining as simple as a few clicks, while turning the process into a vibrant, community-driven experience. Stakers don’t just earn rewards for token staking—they also get bonuses for active participation and collaboration within the ecosystem, transforming engagement into real value.

JetBolt’s presale success has been impossible to ignore, with whales making moves to secure their share of the future of blockchain technology, and the excitement shows no signs of slowing down. JetBolt’s special Alpha Boxes, which reward batch purchases with up to 25% additional JBOLT tokens, have been particularly popular, creating a rush to grab these exclusive bonuses.

With innovation at every turn, unmatched utility, and a fully functional ecosystem already in place even during its presale phase, JetBolt isn’t just keeping up with the altseason buzz—it’s setting the pace for what the future of altcoins looks like.

SOL Price Prediction: Can SOL Hit $500 as JetBolt Spikes This AltseasonSOL Price Prediction: Can SOL Hit $500 as JetBolt Spikes This Altseason

Can SOL Hit $500 as JetBolt Spikes This Altseason?

Solana (SOL) continues to dominate headlines, consolidating just above $230 with whales eyeing its next move. Meanwhile, JetBolt’s (JBOLT) presale has already sold over 100 million tokens, driven by its zero-gas technology and plethora of cutting-edge features with real-world utility, pulling in major whale activity. While Solana’s breakout remains uncertain, JetBolt’s explosive momentum signals what could be a seismic shift in the altcoin space, proving it’s one to watch this altseason.

Visit the links below to learn more about JetBolt’s exciting features and presale:

Official Website: https://jetbolt.io/

X/Twitter Page: https://x.com/jetboltofficial

Please keep in mind that this article is not to be taken as financial or trading advice. Cryptocurrency markets are unpredictable and volatile—always do your own research and/or consult an expert before jumping into any crypto ventures. While we strive for accuracy, the fast-moving crypto world means details can quickly change. Proceed responsibly and stay informed.



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9 12, 2024

Here’s Why The Dogecoin Price Can Reach $10 This Cycle

By |2024-12-09T23:28:44+02:00December 9, 2024|Crypto News, News|0 Comments

 

Dogecoin ($DOGE) has been demonstrating strong upward momentum in recent weeks, with technical indicators showing that it is poised to reach new price levels. Currently, the crypto has exited the oversold zone and is approaching the overbought territory. 

According to chart analysis, Dogecoin price could target the $8 to $10 range in the near future. Despite recent market pullbacks, the cryptocurrency’s long-term outlook appears bullish, and several factors suggest a potential surge as high as $10 in the current market cycle. 

Why Dogecoin Is Poised for a $10 Price Target in the Current Market Cycle

According to recent price action, the Dogecoin price has been gradually moving out of the oversold zone, a typical sign of a potential rally. The momentum indicates that the next price phase could push Dogecoin toward the $8 to $10 range. 

More so, with the growing market confidence surrounding top meme coins, many analysts believe this crypto rally could reach new heights. This could signal a short-term bullish trend before any potential corrections or consolidations.

The chart analysis reveals that Dogecoin price has the potential to test higher levels. Moving out of the oversold zone means that DOGE has likely gathered enough strength to enter a new bull phase. Historical patterns show that once a cryptocurrency leaves the oversold area, it typically heads towards the overbought zone, with the $8 to $10 range acting as a key target. 

Here’s Why The Dogecoin Price Can Reach  This Cycle
Source: X

Additionally, there has been noteworthy activity from long-term holders, including the recent reawakening of an ancient Dogecoin whale. This address, which held 870,000 DOGE for over 11 years, recently moved its tokens, realizing a 64,249% return on investment. 

While this large transaction did not significantly impact price, it signals the reactivation of dormant wallets, indicating confidence in the current market conditions. Larger DOGE investors have been accumulating tokens, expecting the crypto rally to push prices higher soon.

The Impact of Accumulation on Future Price Growth

Despite some minor pullbacks, the accumulation of Dogecoin by large investors reflects an optimistic outlook. Recent data shows that large wallets have been buying up significant amounts of DOGE, particularly after price dips. 

For example, in the past month alone, whales have accumulated over 550 million DOGE. These accumulations suggest that despite the market’s current challenges, investors are positioning themselves for a future surge.

Analysts are forecasting that Dogecoin price may soon see a breakout beyond its current levels. After consolidating around the $0.60 mark, DOGE price could continue its upward movement to targets of $0.93 and even $1.05.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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9 12, 2024

Can ADA Reach $2 After Social Media Hack?

By |2024-12-09T21:28:10+02:00December 9, 2024|Crypto News, News|0 Comments

FMLS:24 | Shaping the Next Era of Financial Evolution


FMLS:24 | Shaping the Next Era of Financial Evolution

FMLS:24 | Shaping the Next Era of Financial Evolution


FMLS:24 | Shaping the Next Era of Financial Evolution

FMLS:24 | Shaping the Next Era of Financial Evolution


FMLS:24 | Shaping the Next Era of Financial Evolution

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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!

Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.

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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!

Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.

Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.

👉 Don’t miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo

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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!

Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.

Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.

👉 Don’t miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo

#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech

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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!

Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.

Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.

👉 Don’t miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo

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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!

Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.

Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.

👉 Don’t miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo

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9 12, 2024

BTC, ETH and XRP Price Prediction for December 9

By |2024-12-09T19:27:09+02:00December 9, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Sellers have seized the initiative at the beginning of the week, according to CoinStats.

Article image
Top coins by CoinStats

BTC/USD

The rate of Bitcoin (BTC) has fallen by 1.45% over the last 24 hours.

Article image
Image by TradingView

On the daily chart, the price of BTC is going down after yesterday’s bullish closure. If the candle closes with no long wick, the correction may continue to the $92,000-$94,000 range by the end of the week.

Bitcoin is trading at $97,748 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of BTC, going down by 3.07%.

Article image
Image by TradingView

On the daily time frame, bears are trying to seize the initiative. 

Related

XRP Price Prediction for December 8

If today’s bar closes around the current prices, traders may witness an ongoing decline to the $3,600 range soon.

Ethereum is trading at $3,815 at press time.

XRP/USD

XRP is no exception to the rule, falling by 3.08%.

Article image
Image by TradingView

From the technical point of view, the rate of XRP is on its way to the support at $2.2011. If it breaks out, the energy might be enough for a test of the vital $2 zone soon.

XRP is trading at $2.3965 at press time.

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