Altcoin
Dogecoin Price Primed for Rally to $6 As DOGE Active Addresses Jump 400%
Dogecoin price has bounced back from its crucial support levels at $0.16, trading 2.54% up, and moving back to its weekly resistance of $0.175. On-chain data also shows that the DOGE address activity has surged by 400% amid strong investor sentiment. Some market analysts believe that the gates for a parabolic rally in Dogecoin are still open.
Dogecoin Price to See A Parabolic Rally to $6?
Crypto market analysts are hopeful of a Dogecoin price rally all the way to $6 as the bulls take charge, bouncing back from the support of $6. Popular crypto analyst Ali Martinez displays Dogecoin’s price movement on a weekly timeframe from 2015 through early 2025.
The technical analysis shows DOGE trading within a long-term logarithmic upward channel defined by parallel trend lines. As we can see from the above image, as long as DOGE holds above the crucial support levels, it can rally further all the way to $6 and beyond.
DOGE Active Addresses Surge 400%
Citing on-chain data from Santiment, crypto analyst Ali Martinez highlighted a major spike in Dogecoin (DOGE) network activity. According to the report, active Dogecoin addresses have surged by 400%, reaching nearly 395,000. This significant uptick in activity underscores growing interest in the popular meme coin.
Furthermore, analyst Ali Martinez also pointed out the Stochastic RSI crossover for the Dogecoin price, referring to it as the starting point of the new bullish phase. A bullish crossover in the Stochastic RSI on Dogecoin’s weekly chart could signal a potential sharp rally, based on historical trends. Previous instances of this crossover have led to significant price surges, with gains of 88%, 187%, and even 444%.
Short Term Target for DOGE
While the expectations of a parabolic Dogecoin price rally to $6 could be far-fetched for now, it is still aiming for 200-300% gains from here onwards. Prominent crypto analyst Marzell has highlighted a critical support level for Dogecoin (DOGE) in recent technical analysis. According to the analyst, maintaining the $0.14750 level is crucial for a bullish breakout scenario.
Furthermore, the analyst added that DOGE is showing promising signs of a breakout from its current falling wedge pattern. If the support holds firm, the analyst predicts a strong rally, potentially pushing DOGE prices toward the $0.46 to $0.65 range.
An increase in the DOGE user engagement could provide the meme coin the necessary momentum needed to overcome resistance levels and initiate a bullish trend.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
The price of Ethereum (ETH) has fluctuated in 2025, causing some traders and investors to worry about its future. The price has fallen by almost half after hitting a Year-to-Date (YTD) $3,635 in January.
Many people wonder if Ethereum price will ever breach the $4,000 resistance and a new high of around $5,000. Notably, a big focus is on the upcoming Pectra upgrade and whether it can trigger an increase in the price of Ethereum.
Ethereum Price and Rocky Start to 2025
So far, 2025 has been rough for Ethereum. At the end of January, Ethereum was trading at $3,267.90 per an earlier ETH price analysis as the forecast for January’s push to $4,000 failed. Unfortunately, it dropped to around $1,910.67 by mid-March. This big drop in just a few weeks has left several large investors selling off, as seen in Ethereum ETF outflows.
While Ethereum still has high growth potential for the future, the short-term price movement has been unpredictable. The delay in key upgrades, like the Pectra update, has made things harder for Ethereum.
As of press time, CoinMarketCap data shows that Ethereum’s price was trading at $1,931.64 and has seen an over 1% decline in the last 24 hours. Still, ETH remains the second largest cryptocurrency globally, with a Market capitalization of $233.12 billion.
With the price drawdowns conditional, the question hinges on what its prospects for growth are in the short term.
Impact of Pectra Upgrade on Ethereum
As Vitalik Buterin announced, the Pectra upgrade is meant to make Ethereum faster and more efficient. It combines two key updates, Prague and Electra, designed to improve Ethereum’s performance, especially regarding scalability and staking.
The mainnet launch for Pectra was expected to happen in early April, but the circumstances surrounding its testing are uncertain. This is because the Sepolia and Holesky testnets encountered configuration issues.
This testnet hiccup fueled the latest Ethereum price drawdown as community sentiments dropped. However, ETH developers have stepped up to create a fix. They are set to launch the “Hoodi” testnet by Monday, March 17, which will help redirect the testing of key Pectra upgrade features.
If all goes well, the mainnet launch could take place between April and May 2025. Many Ethereum proponents believe the success of Pectra might serve as a primary catalyst for the Ethereum price boom to $5,000.
Ethereum ETF and Potential Impact on Price
Ethereum ETFs could also boost the ETH price outlook. While Bitcoin ETFs have gained popularity, Ethereum ETFs are lagging behind in terms of sustained capital flow.
Data from SoSoValue shows that Ethereum ETFs lost over $143 million in assets this week. This is a large outflow compared to last week when they recorded $119 million in outflows.
Although the broader market sentiment is impacting this shift, when the stock market gains revival, the ETF market and by extension Ethereum price may gain momentum.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
Cardano price has taken a hit in recent days but analysts are confident of a fresh rally for the asset. A massive whale accumulation by Cardano (ADA) whales is fuelling speculation for a price spike amid rising network activity.
Whales Can Send Cardano Price Across The $1 Mark
According to an X post by on-chain analyst Ali Martinez, Cardano whales have gobbled up 130 million ADA in the last three days. The total value of ADA accumulated by the whales stands at $97.5 million with retail traders contributing their fair share.
Pundits say the recent accumulation spree is an indicator for a potential rally for Cardano price. There is significant optimism that ADA can cross the $1 mark after prices fell to $0.70.
Prior to the decline to $0.70, Cardano’s price traded as high as $1.13 over a 30-day period. Now, rising whale activity is stoking belief for ADA to reclaim its previous highs but several hurdles stand in the way.
For starters, the network’s unique wallets trading (UWT) indicator has reached all-time lows. However, analysts say the dip in unique wallets is “the calm before the storm” before the start of a rally.
“Usually when the number of UWT dips below 1.5k per day, it doesn’t take long until something happens,” said one analyst.
ADA’s Ecosystem Continues To Buzz Despite Price Decline.
At the moment, ADA price is floating around the $0.7 mark but the ecosystem is alive with activity. Still reeling from the highs of its inclusion in the Crypto Strategic Reserve, institutional interest is climbing.
Furthermore, speculation around ADA for X payments has triggered theories that the asset is headed to $10. Cardano Foundation CEO Frederik Gregaard has confirmed that the network is working with NASA on satellite data and provenance capabilities.
Daily trading volumes for ADA stands at $777 million, down by 22.7% over the last. Despite the decline in volumes, analysts say Cardano is on course to flip Solana if it attracts more decentralized applications.
Aliyu Pokima
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.
A crypto expert has promptly shut down the idea that XRP will ever surpass Ethereum. In his post, the analyst shared several reasons why he believes such an outcome is highly unlikely, highlighting the inherent differences in both cryptocurrencies in terms of infrastructure and utility.
Why XRP Is Unlikely To Overtake Ethereum
A debate over the future of two top cryptocurrencies is spreading across a small group of crypto enthusiasts after Ansem, a well-known crypto expert on X (formerly Twitter), firmly dismissed the notion that XRP will ever flip Ethereum. According to the analyst, Ethereum’s dominance is driven by its robust smart contract capabilities, widespread developer adoption, and its central role in the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystems.
The top altcoin has made a name for itself over the years, solidifying its position as the second-largest cryptocurrency and the number-one altcoin. Ansem argues that the high staking participation and gas fee model employed by the Ethereum blockchain contributes to its persistent adoption and demand, making it a leader in the Web3 space.
Ethereum is also a hub for Layer 2 scaling solutions and developer projects, which effectively boosts its growth and solidifies its position as a key player in the crypto industry. Based on the analyst’s reasoning, all of these innovative developments and solutions seemingly makes Ethereum far superior to XRP.
Unlike Ethereum, which focuses on smart contracts, XRP is centered on cross-border payments, which, while valuable, lacks the developer flexibility and diverse use cases that have fueled Ethereum’s growth. While Ripple has consistently made efforts to push XRP’s technology into traditional finance, Ansem explains that banking alone is not enough to challenge Ethereum’s dominance. The analyst also suggested that its integration into global banking was never a realistic possibility.
While staking and gas fees drive Ethereum’s ecosystem, the crypto expert highlights that XRP lacks similar growth drivers, making it difficult for it to surpass ETH. He also noted that the asset is nowhere near the level of adoption Ethereum has achieved since its inception.
Overall, Ansem has concluded that while the altcoin maintains a top spot in the crypto market, it is unlikely to challenge or even overtake Ethereum in terms of adoption, utility, and long-term value.
Analyst Shares Opposing View
Despite Ansem’s skepticism over XRP potentially surpassing Ethereum, some crypto analysts have pushed back, arguing that the altcoin has already achieved this feat. Market expert CrediBull Crypto responded to Ansem’s post, highlighting that XRP overtook Ethereum in the last market cycle, most likely during the 2018 bull run.
At its peak, the asset’s market capitalization briefly surpassed Ethereum’s to become the second-largest cryptocurrency in 2018. However, since then, Ethereum has solidified itself as the backbone of Decentralized Applications (dApps), undergoing consistent network upgrades and ecosystem developments.
Featured image from Adobe Stock, chart from Tradingview.com
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