Altcoin
Can Dogecoin Price Rally 900% As Elon Musk’s DOGE Targets $36T US Debt?
Dogecoin price remains much-eyed by traders as broader market developments are fueling substantial optimism toward the meme token. For context, Elon Musk’s DOGE advisory panel achieved a monumental financial feat, targeting the $36 trillion U.S. national debt crisis. On the other hand, speculations over a potential Dogecoin ETF launch in 2025 have also soared recently with recent filings and pro-crypto sentiment under Trump’s Presidency.
As a result, investor sentiments surrounding the dog-themed meme token remain highly bullish despite the looming FOMC, with a top crypto analyst further predicting that a 900% price surge awaits.
Crypto Analyst Forecasts 900% Gains For Dogecoin Price
In an X post by Ali Martinez on January 29, the crypto analyst reflected a highly bullish sentiment on Dogecoin price, citing historical trends. As per the analyst, the token that traders shouldn’t bet against is DOGE as it “could surge nearly 900% in just 48 hours, as it did back in 2021.”
This statement has ignited a torrent of discussions, coming contrary to the current market trend ahead of the U.S. FOMC. The crypto market faces pressure, with market consensus showing expectations of unchanged interest rates prevailing.
As a response, DOGE price today traded down nearly 1% and stood at $0.3316. Nevertheless, broader developments revolving around Elon Musk and a potential looming ETF for the meme-themed asset continue to project bullishness on future price movements.
Musk’s DOGE Cuts Daily Federal Govt. Spending By $1B
Elon Musk’s Department of Government Efficiency recently achieved a remarkable financial feat. Per an official X post by the advisory panel, DOGE is aiding the Federal Government by saving approximately $1 billion a day.
Notably, by freezing non-essential hires, eliminating DEI programs, and cracking down on improper payments abroad, this maneuver could bring $365 billion worth of savings annually. Further, the advisory panel’s post revealed that it aims to push this amount to $3 billion per day. This feat could further aid in tackling the current $36.22 trillion U.S. debt crisis.
In a recent X post, Musk stated that “it is crucial to take action,” reiterating the debt issue. Overall, these developments gained significant traction whilst also bringing enthusiasm toward Dogecoin price, given the Tesla & SpaceX lead’s massive influence over the token. Simultaneously, the ticker of the meme coin also resembles the department’s acronym, which has further ignited the market discussions.
Dogecoin ETF Filing Weighs Further Optimism
The recent S-1 filing for a DOGE ETF has tilted the scales towards the bullish side for the meme token. CoinGape reported that Bitwise filed for Dogecoin ETF with the U.S. SEC, which has gained massive traction from the market watchers. As a result, investors’ sentiments are brimming with optimism in light of a potential approval ahead.
It’s also worth mentioning that with anti-crypto Gary Gensler’s exit from the regulatory body, chances of approval continue to soar. Given this feat is achieved ahead, Dogecoin price could witness a remarkable rally. Besides, Elon Musk’s DOGE advancements could also spark the 900% rally in the meme coin’s price, as hinted by Ali Martinez.
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.
Altcoin
Shiba Inu Burn Rate Jumps 280% With 12M SHIB Destroyed, What Lies Ahead?
The Shiba Inu burn rate again witnessed a remarkable 280% surge on Thursday, igniting bullishness among investors amid a broader market recovery. Latest burn statistics indicated that roughly 12 million coins were taken out of the asset’s supply, causing the abovementioned surge. As a result, market watchers weigh optimism on the meme token’s future potential.
Shiba Inu Burn Rate Shoots Up 280%, What’s Happening?
According to the data offered by Shibburn on X as of January 30, the Shiba Inu burn rate witnessed a 284% uptick in the past 24 hours. The massive surge comes primarily from 12.5 million tokens that were permanently removed from the circulating supply.
For context, the SHIB burn mechanism sends tokens to a null address, thereby making it impossible to recover. In turn, the circulating supply shreds, with traders and investors anticipating a bullish impact on price mirroring the law of supply and demand.
As of press time, the meme coin’s total supply was evaluated to be 589.25 trillion SHIB after taking a hit.
Community Advancements Bolster Market Sentiment
Further, recent community developments have offered additional market support to the meme crypto. Intriguingly, the Shiba Inu community recently rolled out ShibOS in an effort to boost market sentiment.
The ShibOS is a blockchain-based operating system offering individual platforms for various use cases. As a response to the launch, market sentiments towards the dog-themed meme token remain optimistic, further escorted by the recent Shiba Inu burn surge.
SHIB Price Jumps
At the time of reporting, SHIB price witnessed a 1% increase in value and is currently trading at $0.00001863. Its 24-hour low and high were $0.00001785 and $0.00001878, respectively.
The current upward trajectory falls in line with the Shiba Inu burn rate surge, whereas even the broader market trend backs it. Crypto prices on Thursday showed signs of recovery despite unchanged interest rates by the U.S. Fed. The broader trend has solidified hope for the meme token’s future, whilst recent advancements back it.
A recent Shiba Inu price analysis by CoiGape further revealed that the token rebounded as the market digested the U.S. Fed’s latest decision. The next critical resistance zone is at $0.000019, a level much-eyed by investors. Given that recent developments reinforce market support ahead, the dog-themed meme coin could see a rise above this resistance, paving the way for further gains.
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.
Altcoin
Mind of Pepe Presale Hype Grows as OpenAI Faces Competition
The dust DeepSeek made hasn’t even settled as another Chinese company, Moonshot AI, rolled out its latest model, Kimi k1.5.
Kimi outshines GPT-4, Claude, and even DeepSeek on all key benchmarks, namely, in math, coding, and reasoning.
While Nvidia and OpenAI are having a rough time following the news, the AI crypto market is still on the rise, including the new AI agent MIND of Pepe.
Let’s unpack the good, the bad, and the ugly of the current situation in the AI sector.
Kimi Sets a New Standard for AI Models?
For a long time, US tech giants dominated the AI industry, but Chinese competitors are now spitting out AI models like hotcakes.
Kimi is a multimodal AI that processes text, code, and visual inputs, which gives it an advantage over DeepSeek, which only understands text.
If you’ve ever asked ChatGPT to solve a mathematical problem, you know its capabilities are dubious at best. Kimi, on the other hand, scored 96.2 at the MATH 500 benchmark and 94% on the Codeforce platform.
The model employs Reinforcement Learning (RL) to improve decision-making through self-rewards, which essentially means it figures out what works best by trial and error.
What’s even more impressive, Moonshot AI spent just a fraction of ChatGPT’s cost to develop the model.
Nvidia stock already took a hit on the back of the DeepSeek launch with a 14.53% five-day dip. Although the model uses Nvidia chips, it appears the company is too closely tied to US tech giants in investor eyes. And Kimi added fuel to the fire.
Meanwhile, AI tokens are doing great. The sector’s market cap grew by 2.82% and the trading volume by 8.98% in the past 24 hours.
This discrepancy shows that the AI crypto sector exists in parallel with the broader industry. For traditional AI giants, the rise of new models is a threat; however, for crypto AI, it’s an engine for innovation.
MIND of Pepe ($MIND) Promises Unbiased, Data-Driven Market Insights
One AI project that’s currently gaining momentum in the crypto space is MIND of Pepe ($MIND) – a self-sovereign agent that analyzes market data to deliver exclusive insights to its token holders.
On top of that, $MIND autonomously interacts with influencers and traders on social media to gauge broader sentiment.
Emotions and bias can ruin any trading strategy. Unlike human investors, $MIND only relies on data and logic, so its trading advice is 100% objective. This could help small investors find hidden gems and make headway in the rapidly growing market.
Another challenge is the lack of reliable real-time data. Most traders find out about hot projects too late. $MIND, on the other hand, is constantly on the lookout for opportunities.
As the AI agent evolves, it could even set new trends and launch its own tokens only available to $MIND holders.
The $MIND token presale kicked off a few weeks ago, and early adopters have already invested over $4.4M. One token now costs $0.0032273, but the price is set to increase tomorrow.
This means now is the best time to secure your share of tokens and become part of a community that prefers to trade smart, not hard.
Crypto AI Follows Its Own Path
The AI crypto market is seemingly decoupling from the broader tech market. While crypto projects may apply technological advancements from the general AI field, their success hinges on community engagement and token utility rather than raw model performance.
Projects like MIND of Pepe understand this dynamic, focusing on practical applications of AI within the crypto market. Its ability to deliver data-driven market insights might help $MIND build a large user base that would support its long-term growth.
However, no gains are guaranteed in the crypto market. Remember to DYOR and diversify your portfolio to offset potential losses.
Altcoin
Expert Clears About XRP Lawsuit Removal and Case Deadline Date
Debates on Ripple vs SEC lawsuit pick up as the XRP community hopes the Trump administration to resolve it by April or May. Moreover, the rumors of XRP lawsuit removal from the US SEC’s website sparked significant market buzz. However, an expert refutes the lawsuit removal by the SEC as well as the case settlement claims with facts.
US SEC Didn’t Remove or Move Ripple Lawsuit
Sherrie, a popular expert amongst the XRP community, has refuted the Ripple lawsuit removal by the US SEC reports. She confirmed that Ripple Labs isn’t at the trial court level and the case will show under the Award Claims page of the SEC.
Moreover, the case is available on the Court of Appeals website since it was assigned a new case number. The case concluded in district court as Judge Analisa Torres ordered Ripple to pay $125 million in penalty, which was far lower than the $2 billion expected by the SEC.
The SEC didn’t move it. The case concluded and it is found under Award Claims. The moment the case got appealed it was assigned a new case number and can be found on the Court of Appeals website
— Sherrie 🌸 (@CherryEmpress21) January 30, 2025
Settlement or Dismissal of XRP Lawsuit May Get Delayed Further
Paul Atkins is estimated to get approval as SEC Chairman by the US Senate around April. It is highly unlikely the Ripple vs SEC lawsuit will be dropped by an Acting Chair, claims Sherrie.
Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April.
Also, she added that Ripple to submit its brief related to appeal and cross-appeal by April 16 is scheduled for a reason. Also, attorney Jeremy Hogan predicted an April or May timeline for the SEC to withdraw or dismiss the case.
As per the US Senate website, Paul Atkins will remain a member of the Securities and Exchange Commission until June 5, 2031.
Next in Ripple Vs SEC in Case of Settlement
In case the parties decide to drop their respective appeals, a notice will be submitted to the Court of Appeals for the Second Circuit. As per Sherrie, the written notice or letter is generally a “simple single page and will have signatures included.”
She further elaborated that the US SEC needs to hold a vote to drop the case in the presence of SEC Chair Paul Atkins. Then they will contact Ripple’s lawyers. If the parties agree to drop the case, a written notice gets sent electronically to the court docket.
According to her, the Ripple vs SEC lawsuit may get resolved between April and June this year. The SEC under Paul Atkins may decide not to pursue appeals further.
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.
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