Doge

More People Familiar With Dogecoin Than Ethereum, Says Grayscale Study

The power of memes is nothing to scoff at. According to Grayscale’s third annual Bitcoin Investor Study, Dogecoin is the most well-recognized altcoin. 74% of those surveyed have heard of the meme coin, compared to just 56% that have heard of Ethereum. Bitcoin is still king, however, recognized by 99% of investors. Awareness Around Altcoins…

Bitcoin is still king, however, recognized by 99% of investors.

Awareness Around Altcoins

Grayscale’s end-of-year study examines investor “perspectives and attitudes” around Bitcoin. However, it also covers some comparative sentiments surrounding the numerous other cryptocurrencies that have risen next to it.

Not only is Dogecoin highly recognized, but even commonly owned. Apparently, 44% of Bitcoin owners also own some DOGE, barely shy of the 46% that own Ether. This is especially surprising given that Ether is required for transacting in any other crypto token on the Ethereum blockchain, including common stablecoins like USDC and Tether (USDT).

Crypto popularity rapidly declines after that. Only about 25% of investors are aware of Litecoin, Cardano, or Tether. Ownership of each asset among Bitcoin investors rests at just 26%, 15%, and 9% respectively. Overall, 87% of Bitcoin investors have at least one altcoin.

Given that Doge is already a popular internet meme, Dogecoin’s mere existence already possessed the groundwork to gain online traction. Furthermore, the coin has repeatedly been promoted by Tesla CEO Elon Musk, whose mere tweets have caused it to pump numerous times.

However, even Dogecoin’s creator – who designed the cryptocurrency as a joke – is baffled by how much value it has accrued. Its market cap is now over $21 billion, trading at $0.16 per coin.

Other Results Of The Study

Grayscale’s report states that 26% of Americans now own Bitcoin – up from just 23% last year. Furthermore, more than half of Bitcoin’s current investors started investing within the past 12 months, proving its accelerating adoption.

They aren’t weak hands either: Two-third of those that bought Bitcoin 12 months ago are still holding it today – a wise decision, given its rapid climb throughout 2021.

77% of investors said they would be more likely to invest if a Bitcoin ETF existed. Though a Bitcoin Futures ETF launched in the United States this October, regulators remain opposed to a spot-based ETF, which the Bitcoin community would generally prefer.

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Doge

Dogecoin (DOGE) Could Surge by Another 30% if its Price Holds This Level: Analyst

Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7. Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance. Alongside the rest of the market, DOGE dumped hard in the first…

Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7.

Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance.

Alongside the rest of the market, DOGE dumped hard in the first week of September, going from over $0.1 to a multi-week low of $0.089 (on Bitstamp).

However, it began to recover shortly after and surged past $0.11 earlier today. In fact, it currently sits at $0.114, which means that it has increased by 28% since the aforementioned low.

According to Ali, more than 62,000 wallets hold over 36 billion worth of the OG meme coin bought at this level $0.111, making it a crucial psychological resistance.

If they decide to retain their holdings instead of selling with minor gains, DOGE’s price ascent can continue in the next few weeks. Ali asserted that there are no “major supply walls in sight,” which could send the meme coin toward $0.15. This could be another 30% surge from its current price levels.

#Dogecoin has surged past the $0.111 resistance, where 62,270 addresses hold over 36 billion $DOGE. If #DOGE holds this level, it could confirm a bullish breakout. With no major supply walls in sight, the path to $0.150 looks clear! pic.twitter.com/4L0zI4s72z

— Ali (@ali_charts) September 26, 2024

The largest meme coin has another thing going its way – whales. The analyst showed another graph indicating that such large investors have accumulated approximately $140 million worth of DOGE in just two days, which could be the catalyst for another rally.

#Dogecoin whales bought over 1.40 billion $DOGE in the past 48 hours, worth around $140 million! pic.twitter.com/mBXMti2y3V

— Ali (@ali_charts) September 26, 2024

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Crypto Analyst Says New Meme Coin Pepe Unchained Could Challenge Pepe, Dogecoin

Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin. These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchained’s ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners. ClayBro says $PEPU is Set Apart…

Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin.

These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchained’s ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners.

ClayBro says $PEPU is Set Apart by its Presale Home Run

“The crypto market is going through a brutal period in terms of fear, yet Pepe Unchained is able to raise money, they’re able to sell out – they’re doing something no other presale can,” said ClayBro.

Pepe Unchained has raised over $12.5 million throughout its presale, making it one of the most successful campaigns of 2024.

Considering crypto prices have been crashing almost the entirety of the presale, ClayBro thinks the project has significant potential.

While most cryptocurrencies fold under bearish momentum, investors have accumulated Pepe Unchained without flinching.

According to ClayBro, Pepe Unchained is on track to “become the top meme coin.”

What’s driving this interest? It all comes down to its use case.

Pepe Unchained: the First Pepe-Themed Token With a L2 Blockchain

Layer 2 blockchains have changed the way users interact with Ethereum. They no longer bid for limited block space on the congested main network. Instead, they use connected offshoot chains (layer 2s) that are faster and cheaper.

Now, users can transact in the Ethereum ecosystem without worrying about the previously exorbitant gas fees – it’s a game changer.

But imagine packing that innovative utility behind the viral face of Pepe coin. That’s what Pepe Unchained will be.

It claims to offer lower fees and 100x faster speeds than Ethereum, and its focus on meme coins opens up a wide range of new potential use cases.

While meme coins like Dogecoin and Pepe rely purely on “vibes” and community spirit to boost their prices, Pepe Unchained is underpinned by tangible utility.

It’s a clear distinction from its peers and a narrative investors are getting behind.

$PEPU Staking Offers 162% APY, 20x Higher Than ETH Staking

More good news for Pepe Unchained holders – $PEPU staking is far more lucrative than the market average.

Currently, $PEPU staking offers returns as high as 162% APY. In comparison, ETH staking offers up to 7% APY.

And with ETH staking, users must host their own node or delegate to someone else. Either way, the take-home profits work out even less. But that’s not the case with Pepe Unchained.

However, the staking rewards are capped at 30% of the total $PEPU supply.

This means rewards will decrease over time, incentivizing prospective investors to act early.

Simultaneously, the Pepe Unchained presale price will gradually increase, with the next uptick in just over one day.

Bull Market is Back on – Expect an Uptick in $PEPU Presale Momentum

If Pepe Unchained could raise $12.5 million in bearish conditions, imagine what it would do in a bull market.

Traders have rallied behind its novel use case.

The crypto market cap has jumped 3.09% today as traders spot a higher low on the Bitcoin price chart. This typically indicates a trend reversal, shifting from bearish to bullish.

$BTC

Causally putting in its first higher low in almost 200 days…

Potential rate cuts next week…

Fear & greed – extreme fear…

Bottom signals flying left and right….

Time to pray. pic.twitter.com/hvaMWYkb2h

— cousin crypto (@cousincrypt0) September 9, 2024

It comes amid expectations of a tailwind from favorable macroeconomic changes. Goldman Sachs anticipates three consecutive 0.25% interest rate cuts through 2024, which would drive more liquidity into risk-on asset classes like cryptocurrencies.

Goldman Sachs, $GS, expects the Federal Reserve to initiate a series of three consecutive 25 basis-point rate cuts in September, November and December.

— unusual_whales (@unusual_whales) August 29, 2024

But its meme coins taking center stage – the sector’s total market cap has surged 7.5% today.

As the market regains strength, Pepe Unchained could be about to experience its first-ever bull market rally.

Investors can follow Pepe Unchained on X or join its Telegram for the latest updates. Otherwise, they can visit its website to buy and stake tokens.

Visit Pepe Unchained Presale

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Dogecoin (DOGE) Jumps 5% Daily, Bitcoin (BTC) Rises Above $61K (Weekend Watch)

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000. The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps. BTC Above $61K Last weekend went under the rule of the…

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000.

The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps.

BTC Above $61K

Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively to $49,500, which became BTC’s lowest position in about half a year.

However, the asset started to recover some ground in the following days. This culminated on Friday morning with a surge to almost $63,000, meaning that bitcoin had reclaimed more than $13,000 in value in less than a week.

Nevertheless, the cryptocurrency failed to maintain its run and retraced by a few grand. Since then, the market has been choppy, but BTC has managed to remain above $61,000 in the past 24 hours.

Its market capitalization has risen above $1.2 trillion, while its dominance over the alts has declined slightly after the recent multi-year milestone and is just under 54% now.

Bitcoin/Price/Chart 11.08.2024. Source: TradingView

DOGE Shoots Up

Most altcoins have charted some gains in the past 24 hours, led by the largest meme coin. DOGE has shot up by 5% and has tapped $0.11 for the first time in days. Binance Coin is the other impressive gainer from the larger-cap alts, having surged by just over 4%. As a result, BNB sits above $530 now.

ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are also slightly in the green, while TON is the other larger-cap alts in the red.

Aptos and FET are the two top performers from the mid-cap cohort, with gains of 7% and 9%, respectively.

The total crypto market cap has added about $20 billion overnight and is at $2.245 trillion on CG now.

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.

Cryptocurrency charts by TradingView.