Doge
DOGE Soars 6 Percent, BTC Stuck At $17K Despite Low Trading Volumes (WeekendWatch)
Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC. Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC…
Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC.
Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise.
Bitcoin Boring at $17K
Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any further declines.
More volatility was to be expected mid-week, when Jerome Powell, the US Fed Chair, announced the latest interest rates hike and the country’s employment report on Friday.
However, both events didn’t offer much price action , like previous occasions. Bitcoin remained relatively calm at around $17,000, except for a price pump above that level to chart a two-week high.
As the current weekend approached and arrived, BTC stood at $17,000 and has remained there. The trading volumes are down once more. Bitcoin’s market cap is still under $330 billion, while its dominance over the alts is at 38.3%.
DOGE Jumps 6 %
Most altcoins are following BTC’s weekend performance, but with very few substantial movements.
Ethereum has lost around 1% of value in the past 24 hours and has dumped towards $1,250. Binance Coin and Ripple, Cardano. Polygon. Polkadot. Shiba Inu. Litecoin are all at the same level as yesterday.
Dogecoin, the only exception to the larger-cap alts, is up by 6%. The OG memecoin trades at $0.1 and is up by 6% per day.
CELO and NEXO have also gained impressive percentages daily, up by 16% and 10%, respectively.
Overall, though, the crypto market cap has remained at the same place at $855 billion on CoinMarketCap.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.
Cryptocurrency charts by TradingView.
Doge
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.
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.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
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.
Doge
This Popular Analyst Remains a Dogecoin (DOGE) Holder and Expects a New ATH Soon: Details
TL;DR Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns. Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend. Not Selling a Single Coin The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well…
TL;DR
- Dogecoin (DOGE) is up 5% daily with one analyst predicting a significant rally based on historical patterns.
- Some important metrics, such as the Relative Strength Index (RSI), also indicate a potential upcoming uptrend.
Not Selling a Single Coin
The largest meme coin in terms of market capitalization – Dogecoin (DOGE) – performed quite well in the last week, witnessing a 7% price increase. In the past few days though, it briefly lost the momentum, with its price slipping to around $0.12 before spiking to $0.13 again (CoinGecko’s data).
According to the popular X user Ali Martinez, though, those price swings are part of a bullish path that could take DOGE to a new all-time high in the following months. He noted that the meme coin consolidated in a descending triangle in 2016 and 2021, followed by a triple-digit price rally later. The situation looks quite the same now, with Ali Martinez expecting a similar surge in the near term:
“Dogecoin is playing the same pattern we’ve seen before. It consolidates in a descending triangle, sees a 140% to 230% rally, and retraces by 56% to 60% before entering a bull run.”
The trader also admitted that he has only been buying more DOGE tokens as of late, not parting with a single one.
Other analysts envisioning a bright future for the meme coin include the X user Mags and KALEO. The former chipped in last month, claiming that the accumulation phase was over and it soon might be followed by a “parabola” stage that could push the price above $1.
For their part, KALEO argued that DOGE has the “secret” power to move sideways for extended periods, followed by “rapid, vertical growth.” The analyst went further, predicting that it may even outpace Bitcoin (BTC).
This Metric Signals an Uptrend
The DOGE Relative Strength Index (RSI) also suggests an incoming rally. It measures the change and speed of price movements, varying from 0 to 100. A ratio above 70 indicates a correction might be imminent, while lower points hint about an uptick. Currently, the RSI stands at 50.
It is worth noting that the metric hovered in approximately the same zone at the end of March and the beginning of April when DOGE’s valuation jumped above $0.22.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Doge
Big Binance Announcement for Shiba Inu (SHIB) and Dogecoin (DOGE) Traders: Details
TL;DR Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards. The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform. ‘Battle of the Meme’ The world’s largest cryptocurrency exchange – Binance – introduced an interesting…
TL;DR
- Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards.
- The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform.
‘Battle of the Meme’
The world’s largest cryptocurrency exchange – Binance – introduced an interesting initiative called “Battle of the meme: Doge vs Shiba Inu.” According to the terms, users can join the Dogecoin team or the rival one to complete daily missions and accumulate points.
“After the Activity concludes, we will calculate which team has accumulated the highest number of points on a collective basis,” the company said.
The winning team’s first 50,000 participants will each receive a reward up to $50. The losing team’s first 20,000 participants will also pocket similar rewards.
The top 25 users from the winning side (those who have the highest trading volume during the Promotion Period) will receive an additional $200 reward.
“Only users who confirm their participation in the Activity will be eligible for reward(s).To be considered an eligible participant, users must fulfill all the requirements during the Promotion Period,” the conditions read.
Participants must accumulate at least 3,000 activity points in total to be eligible for the giveaway. The winning team will be crowned on July 29.
Binance will hand out the rewards in the form of token vouchers within 30 business days after the end of the initiative. Eligible users should claim the vouchers within 15 days of distribution.
Binance and Meme Coins
This is not the first promotion the exchange has unveiled for meme coin traders. In April, it promised a total reward of 10,000 FDUSD (in token vouchers) to all users who have not traded on Binance Spot in the last 90 days.
To join the offering, eligible users had to accumulate a total trading volume of at least $100 on certain pairs such as SHIB/EUR, SHIB/USDT, DOGE/BTC, WIF/FDUSD, PEPE/FDUSD, PEPE/TRY, FLOKI/TRY, and many more.
In the following months, the company showed additional support to some popular meme coins. In June, it added WIF/EUR to Binance Spot and allowed trading bots services for the pair.
Earlier this week, the firm went even further, saying it will introduce WIF/USD perpetual contracts on July 23. These financial products allow users to speculate on the price movements of the underlying cryptocurrencies without owning them. They offer high leverage, don’t have an expiration date, and require traders to maintain a specific margin to keep positions open.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
-
Bitcoin3 years agoDigital Currency Group wraps up $600 million debt capital raise
-
NFT3 years agoDRepublic launches a combined NFT platform, ‘MetaCore’ Using EIP-364
-
Bitcoin3 years agoWhere to buy Dogelon Mars after falling 15% on Thursday
-
Bitcoin3 years agoAre you a Star Atlas fan?
-
Bitcoin3 years agoIndian Government Answers Questions about Bitcoin Transactions, Karnataka Scam and Legality of Crypto Trading
-
Bitcoin3 years agoSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster’
-
Bitcoin3 years agoMANA has risen 16%: Here’s where you can buy MANA Coin
-
Ethereum3 years agoEthereum prices skyrocket but Ether Gas Fees surge, fueling costly transfers