Altcoin
Dogecoin Price Braces For Rally To $0.32 As Whales Buy 10B DOGE
![](https://coin2049.io/wp-content/uploads/2024/05/dogecoin-price1.jpg)
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is currently struggling with significant losses despite recent price surge above $0.16. However, crypto analysts are optimistic regarding DOGE’s future trajectory. Ali Martinez, a popular crypto analyst, expects the Dogecoin price to double in the current cycle.
Dogecoin Price Prediction By Ali Martinez
Currently, DOGE is facing key resistance between $0.166 and $0.171, according to the crypto analyst. Moreover, the resistance is attributed to approximately 75,500 addresses having acquired close to 10 billion DOGE within this price range. This creates a substantial barrier for upward movement, according to Martinez.
In addition, his analysis suggests that if Dogecoin can successfully break through this resistance zone, it has the potential to experience a massive rally. Martinez expects a 100% rally for the Dogecoin price. Furthermore, he noted that the next significant resistance level is identified around $0.322.
This implies that once DOGE surpasses the $0.171 mark, it could potentially double in value. Whilst, the accumulation of such a large quantity of DOGE at the $0.166 to $0.171 range indicates a strong interest and investment from a substantial number of holders, making this a crucial level to watch.
Dogecoin, which started as a joke, has grown into one of the most talked-about digital assets in the crypto space. Moreover, prominent figures, such as Elon Musk have repeatedly endorsed DOGE, also known as the King of Meme Coins.
Also Read: Dogecoin and Other Dog Based Meme Coins Bullish Outlook For June
DOGE Price Dips
Despite the growing optimism around the meme coin, the Dogecoin price is in the red. At the time of writing, the DOGE crypto traded at $0.1646, down by 3% on Tuesday, May 28. Meanwhile, the largest meme coin boasted a market valuation of $23.77 billion. However, the DOGE trading volume surged 36.02% to $1.55 billion in the last 24 hours.
On the other hand, significant Dogecoin long positions were liquidated, totalling $2.15 million, according to Coinglass. Thus, an extended bearish trend can be expected due to the sell-offs before the resistance barrier is finally broken. Moreover, the DOGE futures open interest slumped 4.17% to $1.01 billion.
Currently, the Relative Strength Index (RSI) value for Dogecoin stands at 53.79. This implies that the digital asset isn’t overbought or oversold at the time. Whilst, the Dogecoin price is substantially higher than the 100-day and 10-dag EMAs of 0.14791 and 0.16402, respectively, according to Trading View data. This suggests a bullish trend in both short and long term.
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 Exec Highlights BONE Perpetual Listing In Canada, Will Price Rally?
![](https://coin2049.io/wp-content/uploads/2024/06/Shiba-Inus-Bone-to-skyrocket.jpg)
Shiba Inu’s marketing lead Lucie has recently posted on X, revealing a key update for the BONE ShibaSwap token. Dated July 3, the post revealed that one of the leading Canadian exchanges, SuperEX, started BONE perpetual trading.
This mover has echoed optimism for the Shiba Inu ecosystem token throughout the crypto universe. Let’s dig into why
BONE Perpetual Trading Starts
Notably, Shiba Inu’s Lucie reiterated another post from the SuperEX crypto exchange, spotlighting the BONE perpetual listing. According to the original post by the exchange, the BONE/USDT perpetual pair started trading today, July 4, at 03:00 UTC. The underlying asset is BONE ShibaSwap, aka Shibarium’s gas fee token or ShibaSwap’s governance token.
Meanwhile, the leverage offered on the asset is 1-10x in an effort to maximize user appeal. However, the exchange revealed that it might adjust the parameters from time to time, aiming to mitigate market risks.
Nonetheless, the announcement has gained significant traction across the crypto realm as BONE remains poised to witness a substantial influx, given the colossal Canadian crypto landscape. Also, it’s worth noting that the SuperEX crypto exchange’s X handle boasted nearly 350K followers, further underscoring its massive user base.
Notably, previous perpetual listings for numerous tokens, including Coinbase’s perp listing of SHIB, FLOKI, and BONK, have promptly ignited upside price trajectories. Although historical data does not guarantee future performances, broader sentiments remain optimistic.
Even Pepe coin, another hot trend in the crypto town, rallied remarkably with its perpetual listing. BONE, however, awaits such an upside momentum.
Also Read: Spot Ethereum ETFs to Go Live on July 15, ETH Bull Run Ahead?
BONE & SHIB Market Performance
Despite the commencement of perpetual trading, the BONE price has seen a 1.93% dip in value to $0.4822. Its 24-hour bottoms and tops were $0.4788 and $0.4952, respectively.
This price drop aligns with a broader trend, as the Shiba Inu ecosystem’s SHIB token’s price also noted a 0.89% fall to $0.00001695. Doge Killer LEASH, another SHIB ecosystem token, dipped 2.07% to $334.91, coinciding with this trend.
Crypto market enthusiasts continue to eye the token as the perp listing could bring about a significant shift in price. However, current market sentiments appear to be bearish as the RSI rested around 36, signaling downside pressure on the asset. Further downside momentum could also pave the way for a potential price rebound as the asset makes its way into an oversold territory.
Also Read: Crypto Prices Today July 3: Bitcoin Weakens To $60K, Altcoins Mainly Follow While FLOKI Soars
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
Spot Ethereum ETFs to Go Live on July 15, ETH Bull Run Ahead?
![](https://coin2049.io/wp-content/uploads/2024/05/spot_ethereum_etf_2.jpg)
As we proceed into July, the biggest question for the crypto community is when will the spot Ethereum ETF go live for trading. Nate Geraci, president of The ETF Store, predicts the Ethereum ETFs to go live by the 15th of July.
Geraci stated that with the revised S-1 submission for Ethereum ETFs to happen in July, the final S-1 approval from the SEC could arrive around July 12. Thus, July 15, Monday, would be the most probable day to begin trading Ether ETFs.
Wen spot eth ETF?
BBG sticking w/ mid-July.
Amended S-1s due July 8th.
Potential final S-1s by July 12th.
Would theoretically mean launch week of July 15th.
via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21
— Nate Geraci (@NateGeraci) July 3, 2024
Issuers to Address SEC Query On Spot Ethereum ETF
Last Friday, the US SEC returned the S-1 filings to issuers to address some minor questions. Sources familiar with the matter stated that the issuers have been already working on it. As we know, in May, the SEC approved the 19b-4 filings to list the Ether ETFs on exchanges. However, they can only go live for trading after the SEC approves the S-1 submissions.
Steve Kurz, head of asset management at Galaxy Digital, expected the Ether ETF approval in the next couple of weeks. Speaking to Bloomberg TV on Tuesday, July 2, Kurtz said:
“This is window-dressing, the SEC is engaged. We’ve been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process.”
Now the bigger question in everyone’s mind is will the Ether ETF prove to be a strong catalyst to drive the crypto market higher?
Also Read: Why Are Ethereum Institutional Products Depleting Before ETF Launch?
Ethereum to Outperform Bitcoin
On Tuesday, K33 Research published a report stating that Ethereum would be outperforming Bitcoin post the ETF approval. As per K33, the launch of Ether ETfs would absorb nearly 0.75% to 1% of all ETH in circulation within the initial five months. This expectation is in line with that of Gemini which predicted $5 billion inflows within the first six months of launch. K33 senior analyst Vetle Lunde said:
“ETFs are a solid catalyst for relative ETH strength as the summer progresses and flows accumulate, and I firmly view current ETH/BTC prices as a bargain for the patient trader.”
The ETH/BTC ratio steadily declined from 0.056 after the Bitcoin ETFs launched, reaching 0.046 by May 24. However, unexpected news that the SEC would soon approve Ethereum ETFs boosted the ratio back up to 0.055.
Also Read: ETH/BTC Price Prediction: ETF Hype, FOMO and Ethereum Price Imminent Rally To $5,000
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
Toncoin (TON) v Cardano (ADA): On-chain Data Show Gains
![](https://coin2049.io/wp-content/uploads/2024/07/TONCOIN-1-1-1-1.jpg)
The crypto market fluctuations continue to dominate the market while assets like Toncoin and Cardano move away from bearish sentiments. In the past week, most top assets traded sideways after exits recorded by institutional investors in the market. The status quo saw Bitcoin (BTC) price hovering around $61,000 before attempts at a rebound.
Toncoin and Cardano have shown promise ahead of the market outpacing top crypto assets by market capitalization. At press time, the market cap slumped 1.42% to $2.29 trillion with Bitcoin and Ethereum posting 24-hour losses. Major drivers of TON and ADA prices are bullish on-chain factors and key industry developments.
Toncoin Leads Asset Gainers
Toncoin soared 4.5% in the last 24 hours, leaving the wider market in the dust and adding to its recovery numbers. In the last seven days, TON moved up 8% wiping out previous losses. While most monthly numbers dropped for most assets, TON continued to soar hitting 22%. The asset flipped Dogecoin to become the 8th largest crypto by market cap inching closer to a new all-time high.
TON price stands at $8.05 taking its market cap to $19.8 billion while volumes are up 57% today. Last month, Toncoin tapped a new all-time high at $8.24 and remains 2.37% behind the mark. With rising bullish interest, some users expect the asset to break that level.
Toncoin recorded traction as Kazakhstan exchanges began trading the asset following regulatory approval. Similarly, Pantera Capital also increased its investment in Toncoin.
Cardano Attracts Growth
The community dubbed ETH killer jumped 3.5% to trade at $0.418 pushing its market capitalization to $14.9 billion. Weekly numbers were up 6% while daily trading volumes saw a slight increase. Overall, ADA’s recent bullish following anticipated network upgrades and a rise in on-chain volumes. The asset is tipped by bulls to breach the current resistance level despite market fluctuations.
Also Read: Why Are Ethereum Institutional Products Depleting Before ETF Launch?
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.
-
Blockchain2 months ago
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Regulation2 months ago
Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence
-
Market3 weeks ago
Avalanche (AVAX) Under Pressure: Prolonged Downtrend Next?
-
Altcoin2 weeks ago
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
-
Regulation2 months ago
CFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
-
Altcoin2 months ago
10 Years Old Dogecoin Stash Sale Leaves DOGE Owner With Million-Dollar Loss
-
NFT3 weeks ago
New And Upcoming NFT Projects
-
Altcoin2 months ago
Bitcoin, ETH, XRP, SHIB Price To Rally After Israel-Hamas Ceasefire Declaration
✓ Share: