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Bitcoin Suprasses $45K: Dogecoin Skyrockets 25% (Weekend Watch)

The weekend continues with impressive gains for bitcoin as the asset spiked above another coveted price line by reclaiming $45,000. Most altcoins are also well in the green, led by a massive surge from Dogecoin of over 25% in a day. Bitcoin Breaks Above $45K The positive developments in USD prices continue to be evident…

The weekend continues with impressive gains for bitcoin as the asset spiked above another coveted price line by reclaiming $45,000. Most altcoins are also well in the green, led by a massive surge from Dogecoin of over 25% in a day.

Bitcoin Breaks Above $45K

The positive developments in USD prices continue to be evident in the cryptocurrency market. The largest asset, bitcoin, has been on a roll since mid-July when it dropped below $30,000.

Since then, however, the bulls have continued pushing it north, breaking each resistance line. In the past few days alone, bitcoin pumped above $40,000 and continued upwards to a new near three-month record registered hours ago.

More precisely, BTC surged to just over $45,000 for the first time since the mid-Mary crash. As such, its market capitalization has increased to $850 billion.

Although the asset is up by more than $15,000 in three weeks, large bitcoin holders (between 100 and 10,000 coins) have refused to take profits and sell portions, revealed data from Santiment. The analytics firm said these investors hold in total over nine million bitcoins as of now – which is an all-time high since.

Bitcoin Whales vs. Bitcoin Price. Source: Santiment
Bitcoin Whales vs. Bitcoin Price. Source: Santiment

ETH Above $3K as DOGE Explodes by 25%

The alternative coins are also performing well, with ETH leading them. As the network behind the asset went through the highly-anticipated London Hard Fork, the token went on a tear and is up by 22% in the past seven days.

On a 24-hour scale alone, ETH is up by 6.5%. It reclaimed $3,000 and went further to around $3,150 as of now. Binance Coin (2.5%), Cardano (3.5%), Uniswap (6%) and Bitcoin Cash (2%) are all in the green. Ripple (8%) is also in the green.

However, Dogecoin has stolen the show with a spectacular 25% surge. As a result, the largest meme coin has risen to a multi-month high of over $0.26. Interestingly, other copycat meme coins have also followed suit with notable gains as well, such as Shiba Inu (26%).

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Ethereum Classic (13%), OKB (13%), and 0x (10%) have also seen double-digit increases from the lower- and mid-cap altcoins.

The cumulative market capitalization for all cryptocurrency assets has reached a record $1. 850 trillion. The metric has added about $300 billion in just a few days.

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These Altcoins Dumped the Most as Bitcoin (BTC) Slipped Beneath $60K (Market Watch)

Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month. Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%. BTC’s Latest Nosedive It was less than a week…

Bitcoin’s price took another sharp turn for the worse yesterday when it dropped below $60,000 for the first time in well over a month.

Most altcoins are also deep in the red today, with names such as SOL, DOGE, and TON dumping by more than 5-6%.

BTC’s Latest Nosedive

It was less than a week ago – last Friday – when the primary cryptocurrency stood above $70,000 and even challenged $71,000. However, that was short-lived, and external events, like the US Fed’s comments and the rising tension between Iran and Israel, led to massive price declines.

It all started on Friday evening with a drop to $65,000. After recovering a couple of grand on Saturday, BTC dumped later that evening when Iran launched an attack against Israel. The asset fell to $61,000.

It managed to reclaim some ground on Sunday and Monday, but that didn’t last long, and Bitcoin started losing value once again. This culminated yesterday when the cryptocurrency plummeted to just under $60,000 for the first time since early March 2024.

Despite being more than $1,500 higher now than that low, BTC is still 3% down on the day and is barely hanging above $61,000. Its market cap has declined to $1.210 trillion, while its dominance over the alts stands still at 51.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Turn Red Again

The altcoins also followed suit with price declines in the past 24 hours. Ethereum, for instance, went from over $3,100 to below $3,000, and it is currently struggling as well. Aside from BNB, which is slightly in the green, the rest of the alts are deep in the red.

This trend is led by Dogecoin, which has dumped by over 8%. Toncoin (-6.5%) and Solana (-5%) are next, followed by ADA, AVAX, SHIB, TRX, and LINK.

Further losses are evident from the likes of WIF (-10%), TAO (-7.5%), OKB (-7.5%), and more.

The total crypto market cap is down by $60 billion overnight and is down to $2.350 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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Dogecoin20 Meme Crypto Project Announces IEO, Claim Date – April 18 10am UTC

After immense presale success, Dogecoin20 now looks toward its IEO, set to take place on Doge Day (April 20). The team has also just announced an adjusted presale token claim date, bringing it forward due to overwhelming demand. It will now occur on April 18. Dogecoin20’s presale is now sold out, but investors can purchase…

After immense presale success, Dogecoin20 now looks toward its IEO, set to take place on Doge Day (April 20).

The team has also just announced an adjusted presale token claim date, bringing it forward due to overwhelming demand. It will now occur on April 18.

Dogecoin20’s presale is now sold out, but investors can purchase on launch day before exchange listings from the dogecoin20.io website.

How to Claim Dogecoin20 Token

For Dogecoin20 presale buyers, employing best security practices amid the token claim event is crucial.

Given the presale’s spectacular success, the campaign is surrounded by a great deal of hype, which is likely to attract the attention of bad actors and impersonators who will try to scam users.

Therefore, several security principles must be followed. Firstly, presale buyers should only click links from the official Dogecoin20 social media channels.

You can find the official channels links below:

Twitter: https://twitter.com/DOGE_COIN20

Telegram: https://t.me/DOGE_COIN20

Also, be aware that bad actors may impersonate the official Dogecoin20 social media accounts and could DM you or reply to the official Dogecoin20 tweets.

The Dogecoin20 team will never direct message you first. If you have been messaged by someone claiming to be from the team, you should report the account and not click any links.

Another potential risk is that bad actors could create “copycat” tokens with the same ticker symbol and logo as the Dogecoin20 cryptocurrency. Purchasing these tokens would result in losses, so retrieve the Dogecoin20 token address from the project’s official website.

When claiming or trading your DOGE20 tokens, it is critical to never share your seed phrase and check social media before interacting with any decentralized applications to ensure the protocol is not compromised.

And even with these steps, there remains the risk of exploits or losses. As such, you should stay vigilant and always exercise caution.

The Next Meme Coin to Watch?

Dogecoin20 has enjoyed unprecedented presale success, raising over $10 million in its first week. Now, with its exchange launch just two days away, some traders are optimistic that it is also primed for an explosive IEO.

Prominent low-cap gem hunter Jacob Bury recently covered the project in a video, speculating it could be “a new 100x potential crypto.”

Bury has been an early proponent of other uber-successful presale meme coins like Smog, which soared to over a $200 million market cap and pumped over 100x, and Sponge, which peaked at almost a $200 million market cap.

Other analysts, such as Michael Wrubel (311K YouTube subscribers) and Conor Kenny (190K YouTube subscribers), have also reviewed Dogecoin20 positively in sponsored content.

The project’s proximity to the market-leading meme coin while introducing new improvements is one reason for its hype.

Its flagship feature is a Stake-to-Earn mechanism, which incentivizes long-term holding while minimizing volatility and sell pressure.

Currently, staking provides a 45% APY, but this will decrease as more tokens are staked.

The project also boasts a capped supply of 140 billion tokens, helping inject scarcity and stave off inflation and price dilution.

It also boasts other benefits, like launching on Ethereum for improved functionality and a lesser environmental impact.

With the presale sold out, launch day (April 20) presents the last chance for investors before exchanges listings the same day.

Visit Dogecoin20 Website

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Dogecoin (DOGE) Must Break Above This Level To Reach New ATH: Details

Dogecoin (DOGE) has been experiencing significant volatility around the $0.20 range. The fluctuation started in late March when the coin surged past $0.22. Many traders consider the $0.20 range a crucial resistance zone, highlighting the difficulty of breaking above this long-fought psychological level. Data from IntotheBlock shows that at least 32K addresses are holding 3.78…

Dogecoin (DOGE) has been experiencing significant volatility around the $0.20 range. The fluctuation started in late March when the coin surged past $0.22.

Many traders consider the $0.20 range a crucial resistance zone, highlighting the difficulty of breaking above this long-fought psychological level. Data from IntotheBlock shows that at least 32K addresses are holding 3.78 billion DOGE at a loss in the $0.20 range.

Dogecoin is looking for a new yearly high!$DOGE is currently up by more than 10% in the last 30 days. To continue this trend and move to new highs, Dogecoin needs to solidly break the $0.20 level, where 32k addresses hold 3.78B $DOGE at a loss. pic.twitter.com/oFTaZ1FOEn

— IntoTheBlock (@intotheblock) April 9, 2024

DOGE must break above this resistance to reach new heights. Similarly, renowned trader Rekt Capital suggested that the memecoin is going through a retesting phase at that level on the monthly timeframe.

At press time, DOGE is exchanging hands at $0.19 at press time, a 3% decrease in a day. The primary asset has been performing relatively well on the weekly scale while most memecoins are in the red: dogwifhat (WIF) and BOOK OF MEME (BOME) are down -9.2% and -21.5%, respectively.

Meanwhile, DOGE and Shiba Inu (SHIB) are up 2.0% and 2.9%, respectively. On that topic, SHIB’s layer-2 scaling solution, Shibarium, has experienced a significant increase in daily transactions, over 75,000, representing a 1,000% increase.

Another notable achievement is that SHIB recorded an increase in its burn rate. As CryptoPotato reported, the burn rate soared by over 300% by the start of the week—almost 100 million SHIB tokens were removed from circulation.

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