Dogecoin Faces Critical Test at $0.10 Support Level
Dogecoin is testing critical $0.10 support after a 20% market cap drop, with potential for a significant rebound to $0.16 if the level holds, or further decline if breached.
Dogecoin is testing critical $0.10 support after a 20% market cap drop, with potential for a significant rebound to $0.16 if the level holds, or further decline if breached.
Historical data indicates Shiba Inu (SHIB) could experience significant price growth in October, with past performance showing an average return of 283.4% during this month.
Despite the crypto market’s stability and Bitcoin’s strong position at $63K, Dogecoin’s price forecast for October 2024 suggests a potential 13% drop, challenging the traditional ‘Pumptober’ expectations.
A major crypto whale has purchased 420 billion Pepe (PEPE) tokens in two separate transactions, sparking interest in the meme coin despite its recent price struggles.
Solana has outperformed Ethereum in weekly revenue for the first time, generating $25 million compared to Ethereum’s $21 million, largely due to increased transaction fees and MEV tips fueled by memecoin activity.
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, has disclosed his biggest meme coin investments, with Whiff and Bonk being his two equally weighted top bets. He also holds Dogecoin and believes it could potentially become the next meme coin ETF.
Shiba Inu has raised $12 million by selling its unreleased TREAT token to non-U.S. venture capital investors, including Polygon Ventures, Mechanism Capital, and others, to develop a new privacy-focused Layer 3 blockchain built on its Shibarium Layer 2 blockchain.
Coinbase International Exchange has announced the launch of perpetual futures trading for the PEPE meme coin, set to commence on or after April 18, indicating a shift in the exchange’s stance towards listing the controversial token.
The cryptocurrency market has been engulfed in a wave of selling pressure over the past 24 hours, with most digital assets experiencing substantial price declines. This market-wide pullback was primarily driven by Bitcoin’s price crash, which saw the flagship cryptocurrency shed around $3,000 in value. As a result, altcoins, including the beloved meme coin Dogecoin…