Altcoin
Dogecoin Price Rally: Analyst Says DOGE Is Just Starting, Here’s Why
Crypto analyst Philip has asserted that the Dogecoin price rally is only just beginning despite the gain of over 300%, which the foremost meme coin has enjoyed this year. The analyst used technical analysis to explain why DOGE will still go way higher.
Dogecoin Price Rally Is Still In Early Stages
In a TradingView post, Philip said that the Dogecoin price rally is still in its early stages. Analyzing DOGE’s monthly chart, the analyst noted that the foremost meme coin is still close to the bottom of the cycle and is expected to keep trending upward. He then alluded to a triangle pattern, in which Dogecoin trades within every cycle before it enjoys a parabolic price breakout.
Although this price breakout began at the start of the year, Philip is convinced that it is still in its early stages since this parabolic rally has always led to a new all-time high (ATH). The Dogecoin price has yet to surpass its current ATH of $0.73, which it reached in the last bull run, despite being up over 300% year-to-date (YTD).
Therefore, Philip expects the Dogecoin price to at least retest its current ATH. Meanwhile, he alluded to previous cycles to predict how high the meme coin could eventually reach in this bull run. He noted that Dogecoin enjoyed a price gain of around 9,000% in the 2016 bull run and a gain of around 50,000% in the 2021 bull run.
In line with this, he predicts that the Dogecoin price could at least replicate the 9,000% gain in the 2016 bull run and rally to a conservative target of $5. This means Dogecoin could still enjoy a price gain of over 1,000% from its current price level. However, for now, the major focus will be for DOGE to break above its current ATH.
Crypto analyst Alan Santana also recently stated that the Dogecoin price rally is just, noting that the strong growth that DOGE has witnessed so far signals the beginning of a bullish cycle.
The Next Stop For DOGE Is $0.88
In an X post, crypto analyst Trader Tardigrade suggested that the next level the Dogecoin price will hit is $0.88. He mentioned that Dogecoin has always witnessed a 2x surge from its previous local tops. In this case, $0.44 marked the current local top for the meme coin. As such, the crypto analyst expects that DOGE’s next local top will be $0.88.
Meanwhile, crypto analyst Kevin Capital drew the community’s attention to a hidden bullish divergence that was forming on Dogecoin’s 4-hour chart. The analyst added that this is something to keep an eye on.
At the time of writing, the Dogecoin price is trading at around $0.39, up almost 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
The cryptocurrency market today continues on an upward trajectory, reflecting strong bullish sentiment. Bitcoin (BTC) price surged past $96,000 in the past 24 hours. Ethereum (ETH) price gained 9%, showcasing robust market confidence. Additionally, Ethereum Name Service (ENS) emerged as the top gainer, skyrocketing by 50%.
Altcoins like Solana (SOL) and XRP recorded notable gains, contributing to the overall positive momentum in the market. The global cryptocurrency market cap increased by 4%, reaching $3.32 trillion, signaling steady growth despite a 9% decline in total market volume, which stood at $201 billion.
Trading activity on top crypto exchanges slowed, reflecting cautious investor behavior despite the price rallies. As the cryptocurrency market today remains in focus, let’s dive deeper into the performance of top cryptocurrencies by market cap and their price movements this November 28.
Cryptocurrency Market Today (November 28): BTC, ETH, SOL, & XRP Maintain Gains
The cryptocurrency market today appears to be making strides in recovery after yesterday’s mixed performance. Bitcoin (BTC) held steady above $94,000, signaling resilience, while major altcoins like Ethereum (ETH), Solana (SOL), and XRP continued their upward momentum.
Meme coins also joined the rally, showing gains of 4% to 6%, indicating increased investor interest across various asset categories. Despite the cautious optimism, trading volumes on top crypto exchanges remained moderate, reflecting selective participation.
Bitcoin Price Today
Bitcoin (BTC) price gained 3% in the past 24 hours, trading at $94,945. The coin’s intraday low and high were recorded at $92,337 and $97,361, respectively. BTC currently holds a market cap of $1.88 trillion and a 24-hour trading volume of $70 billion. With a market dominance of 57%, Bitcoin remains the top cryptocurrency by market cap.
As sosovalue reported a modest BTC ETF inflow of $103 million, signaling steady institutional interest. Investors are closely watching for further insights into market sentiment. This growing demand highlights Bitcoin’s continued importance in institutional portfolios.
On the regulatory front, Chris Giancarlo addressed the strategic Bitcoin reserve proposal. He also discussed possible cryptocurrency policies under the Donald Trump administration, hinting at significant regulatory shifts. These developments could shape the future of the cryptocurrency market today and beyond.
Ethereum Price Today
Ethereum (ETH) price saw a significant 9% surge in the past 24 hours, becoming the top gainer among the top 10 cryptocurrencies by market cap today. ETH is currently trading at $3,586, with its intraday low and high recorded at $3,358 and $3,687, respectively. Ethereum’s market cap stands at $430 billion, supported by a 24-hour trading volume of $44 billion.
Ethereum ETF inflow of $90 million, as reported by sosovalue, reflects strong institutional interest. Additionally, Ethereum co-founder Vitalik Buterin sold free meme coins he received and donated the proceeds to a crypto advocacy initiative, supporting blockchain technology and ethical cryptocurrency use.
Solana Price Today
Solana (SOL) price saw a 4% price increase in the past 24 hours, currently trading at $239. The coin’s intraday low and high were $228 and $245, respectively. With a market cap of $113 billion and a 24-hour trading volume of $5 billion, Solana remains the fourth-largest cryptocurrency by market cap.
SOL reached a new all-time high (ATH) of $263.83, surpassing its previous peak and reinforcing its upward momentum. This milestone has sparked speculation among crypto analysts about Solana potentially hitting $500 by the end of the year. As the cryptocurrency market today remains optimistic, Solana’s performance continues to attract significant attention from investors and analysts alike.
XRP Price Today
XRP price saw a 7% increase over the past 24 hours, currently trading at $1.46. The coin’s intraday low and high were recorded at $1.357 and $1.518, respectively. XRP holds a market cap of $84 billion and witnessed a 24-hour trading volume of $8 billion, maintaining its strong position in the cryptocurrency market today.
In regulatory news, Pro-XRP lawyer John Deaton has endorsed Paul Atkins for the role of SEC Chair. Deaton is calling for reforms to address allegations of overreach and unethical practices under Gary Gensler’s leadership. As the cryptocurrency market today watches closely, XRP’s performance and associated regulatory developments remain pivotal for investors.
Meme Coins Prices Today
Dogecoin (DOGE) price experienced a 6% increase, reaching $0.40. The rise continues to highlight DOGE’s dominance in the meme coin space. Similarly, Shiba Inu (SHIB) price gained nearly 5%, trading at $0.00002575. These meme coins are seeing renewed interest as retail investors fuel the momentum.
In addition, other top meme coins like PEPE, BONK, and WIF also recorded significant gains, ranging from 4% to 8%. This surge in meme coin values is contributing to an overall positive sentiment in the cryptocurrency market today, as traders continue to capitalize on these rapidly moving assets.
Top Crypto Gainers Prices Today
Ethereum Name Service
The price of Ethereum Name Service (ENS) surged nearly 50% in the past 24 hours, reaching $34. Its intraday low and high were recorded at $23.21 and $33.44, respectively. This impressive price movement highlights the growing interest in ENS and its utility within the blockchain ecosystem.
Ethereum Name Service is an open naming system designed to meet the expanding needs of users in the cryptocurrency space. The primary goal of ENS is to translate machine-readable identifiers, such as content hashes, cryptocurrency addresses, and cryptographic metadata, into human-readable names.
Ethena
ENA price experienced a significant 22% surge in price, currently trading at $0.74. The coin’s intraday low and high were recorded at $0.60 and $0.76, respectively, indicating strong price movement. This uptick highlights the growing interest and positive sentiment surrounding ENA in the cryptocurrency market today.
Top Crypto Losers Prices Today
Algorand
Algorand became the worst performer in the last 24 hours, with a 5% drop in its price. Currently trading at $0.286, the coin’s intraday low and high were $0.2843 and $0.3077, respectively. Despite the recent decline, ALGO’s market activity remains closely watched by analysts.
Interestingly, analysts predict that Algorand will outperform Bitcoin’s growth in the near term, suggesting a potential rebound and future gains. As the cryptocurrency market today experiences varied performance, investors are keeping a close eye on ALGO’s next moves.
MANTRA
MANTRA (OM) price saw a 4% decrease over the past 24 hours, currently trading at $3.43. The coin’s intraday low and high were recorded at $3.424 and $3.755, respectively. Despite this decline, the broader cryptocurrency market is showing signs of strength and stability.
On the hourly timeframe, major cryptocurrencies are displaying bullish momentum, with some top altcoins up by 1% in the last hour at the time of writing. This suggests that while individual coins like MANTRA face short-term challenges, the overall market sentiment remains positive.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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 first-ever Dogecoin Exchange Traded Product (ETP) has been officially launched, sparking excitement for a possible DOGE price rally. Combined with several other bullish factors which have fueled the recent surge in the DOGE price, this new ETP positions the top meme coin for a potential 100% increase to new highs.
Valour Launches First Dogecoin ETP
Valour Inc., a DeFi technology subsidiary, introduced a Dogecoin ETP on Sweden’s Spotlight Stock Market. This development marks the world’s first Dogecoin ETP available in Northern Europe, specifically in the Nordic countries.
According to a Press Release published by Valour, the new Dogecoin ETP will effectively expand the DeFi company’s product offerings and audience reach. Currently, Valour provides access to various regulated digital asset ETPs, including Bitcoin, Ethereum, and many of the top cryptocurrencies.
The company has approximately 40 ETPs on exchanges and $609 million in total Assets Under Management (AUM). With the new Dogecoin ETP, Valour can expand services to new markets and investors, and DOGE is poised to see even greater adoption.
Valour has revealed that the recently launched Dogecoin ETP will grant investors smoother access to the popular meme coin, exposing them to its market performance without the risk or intricacies of direct crypto ownership.
The Head of Product at Valour, Elaine Buehler, has shed light on the new development, revealing that launching the world’s first Dogecoin ETP marks a significant milestone that aligns with the company’s mission to democratize access to digital assets. Moreover, she expressed excitement about being able to launch a product that “captures the essence” of DOGE’s dynamic community and market presence.
Can New ETP Drive 100% DOGE Price Rally?
As of this writing, Dogecoin is trading at $0.39, according to CoinMarketCap. Despite retesting and failing to surpass the $0.4 resistance level, the DOGE price has seen its fair share of impressive gains since the beginning of the month.
These price gains were primarily driven by broader market sentiment and bullish factors, such as the concluded US Presidential elections, SpaceX, and Tesla CEO Elon Musk.
With the introduction of a Dogecoin ETP, which could serve as another significant bullish catalyst, the DOGE price could see a massive 100% rally, representing a surge to $0.78. Many analysts have already projected that DOGE could reach the $1 mark before the end of the year, possibly positioning it as one of the top performing assets in this bull market.
Alongside the bullish sentiment set to generate from the new Dogecoin ETP, Johanna Belitz, the Head of Nordics at Valour, highlighted that the results of the US elections and Musk’s influence have effectively boosted DOGE’s popularity and demand.
Given that an increase in demand and a reduced supply often drive price surges, DOGE could see further upward momentum if the positive sentiment surrounding the new Dogecoin ETP fuels a rally.
Featured image created with Dall.E, chart from Tradingview.com
Altcoin
New Cryptocurrency 1900Rugrat Challenges CHILLGUY & PNUT Recent Price Action With Upcoming Listings
The competition in the meme coin market has reached new heights with the introduction of Rugrat (RUGRAT). Positioned as the next big disruptor, Rugrat (RUGRAT) is directly challenging the recent price actions of Chill Guy (CHILLGUY) and Peanut the Squirrel (PNUT). With upcoming exchange listings and a growing community, Rugrat (RUGRAT) is quickly becoming a favorite among crypto enthusiasts.
The Rise of RUGRAT
Launched as a community-driven meme coin, 1900Rugrat (RUGRAT) has already captured the attention of major investors. Its roadmap includes several exchange listings, which are expected to increase its accessibility and liquidity. Additionally, 1900Rugrat (RUGRAT)’s unique tokenomics, including its deflationary model, have set it apart from competitors.
Chill Guy (CHILLGUY) Under Pressure
Chill Guy (CHILLGUY), known for its viral mascot and explosive early growth, is facing its first major competition. Despite achieving a $461 million market cap, Chill Guy (CHILLGUY) has seen its momentum slow amid ongoing legal disputes over intellectual property. While its resilience remains impressive, the emergence of 1900Rugrat (RUGRAT) has diverted some investor attention.
Peanut the Squirrel (PNUT): Holding Steady
Peanut the Squirrel (PNUT) has been a dominant force in the meme coin space, with a market cap surpassing $1 billion. Its solid performance has made it a reliable choice for investors. However, the arrival of 1900Rugrat (RUGRAT) presents a new challenge, as investors begin to explore alternatives with higher growth potential.
1900Rugrat (RUGRAT)’s Upcoming Listings
The upcoming exchange listings for 1900Rugrat (RUGRAT) are anticipated to significantly boost its market presence. With listings on platforms like Raydium,1900Rugrat (RUGRAT) will gain exposure to a broader audience, enhancing its trading volume and market cap. These developments have positioned 1900Rugrat (RUGRAT) as a strong contender in the meme coin market.
Why RUGRAT Is Poised for Success
1900Rugrat (RUGRAT) offers several key advantages:
- Scalability: Built on a robust blockchain, 1900Rugrat (RUGRAT) ensures fast and low-cost transactions.
- Viral Marketing: The 1900Rugrat (RUGRAT) team has leveraged social media platforms to build hype and attract investors.
- Investor Confidence: Early adopters have reported substantial returns, driving further interest in the token.
Conclusion
1900Rugrat (RUGRAT) is rapidly making its mark in the cryptocurrency world, challenging established players like Chill Guy (CHILLGUY) and Peanut the Squirrel (PNUT). With its upcoming listings and innovative approach, 1900Rugrat (RUGRAT) is well-positioned to disrupt the market and generate significant returns for investors. As the race for dominance in the meme coin space continues, RUGRAT stands out as a token to watch.
For more information on 1900Rugrat (RUGRAT):
Visit 1900Rugrat (RUGRAT)
Join and become a community member:
Telegram: https://t.me/rugrat_1900rugrat
X/Twitter: https://x.com/1900rugrat_sol
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