Altcoin
Is Dogecoin Price Levels About To Bounce Back?
Dogecoin price has gained over 10% in the last 24 hours as investors scan the horizons for signals of a long-term rally. While short-term price movement is positive, Dogecoin languishes at 80% below its all-time high but one analyst thinks a rebound is in the offing
Dogecoin Price Can Set A New All-Time High
Dogecoin price has surged by 10.30% over the last day after a shoddy showing over the previous seven days. The sudden resurgence in prices comes amid a slew of macroeconomic uncertainties nevertheless, the surge is stoking enthusiasm that DOGE can set a new all-time high.
Cryptocurrency analyst Master Kenobi revealed on X that the bottom is in for DOGE and a rally is in the offing for the asset. He opines that Dogecoin price will surpass $0.73 in the coming months hinting at a push to $1. The predicted price movement will see DOGE surpass the previous ATH that it set in 2021.
“It’s only upward from here,” said Master Kenobi. “A new ATH for DOGE by early June.”
Despite trading at 80% less than its ATH, Dogecoin’s price has several positives going for it. For starters, a Dogecoin ETP by 21Shares and House of Doge is in the works and could send prices on a strong rally. Furthermore, Dogecoin has weathered reports of Elon Musk leaving DOGE to reach what analysts like Master Kenobi are calling the bottom.
A Bounce Back Will Face A Series Of Bumps
While there is consensus for a Dogecoin price rally, several factors are standing in the way of a bounce back. First, Dogecoin whales have dumped 1.3 billion DOGE sparking worries of concerted sell pressure from heavy hitters.
Furthermore, the DOGE transaction count has taken a major hit, dropping by 94% over the last month. The transaction count decline is stoking fears of a steep plunge in Dogecoin price as demand for the memecoin reaches an all-time low.
Bitcoin’s price crashes continue to have a negative impact on DOGE with top crypto dragging other altcoins underwater. The broader macroeconomic uncertainty is poised to affect cryptocurrency prices with China and the EU announcing retaliatory tariffs against the US. To post a new all-time high, DOGE will have to pick itself gingerly through a minefield of unsavory fundamentals and on-chain data.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
Tron founder Justin Sun is showing off diamond hands as the Ethereum price tries to stage a resurgence. Justin Sun has disclosed his intention not to sell off his ETH holdings while exploring new collaboration opportunities with Ethereum developers.
Tron Founder Is Not Selling ETH Holdings
Justin Sun has confirmed his resolve not to sell off any ETH despite falling prices for the largest altcoin. According to a post on X, the Tron founder disclosed plans to HODL the asset while unveiling plans to trigger a growth spurt.
“ETH is currently at a low price, but we have no intention of selling our ETH holdings,” said Justin Sun.
The Tron Foundation is yet to publicly reveal its ETH holdings, but speculation is rife that the organization holds a sizable amount. However, the Tron founder reportedly holds around 665,000 ETH valued at just under $1 billion at current prices.
Since Ethereum began its decline, the value of Justin Sun’s ETH holdings have plummeted from its highs of around $2.5 billion. Despite the price drop, the Tron founder is remaining firm in his resolve not to offload his ETH bags.
However, Ethereum whales are creating sell pressure for ETH by offloading their coins at a loss, sparking fears of a dip below $1,500.
Collaborating With Developers To Improve Ethereum Price
Alongside his declaration to HODL ETH, Sun revealed plans to double down on the Ethereum network. Going forward, Sun notes that Tron will explore increased collaboration with Ethereum via initiatives with developers and other critical stakeholders.
“Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together,” adds Justin Sun.
His comments come on the heels of a raft of community suggestions designed to improve Ethereum price performance. While the Tron founder did not give further details, the planned collaboration is expected to trigger a flurry of ecosystem activity.
This is not the first time Justin Sun is backing Ethereum with the Tron founder previously unveiling strategy to push ETH price to $10K. Sun’s plans revolved around stopping the Ethereum Foundation from making ETH sales for three years and taxing L2 protocols.
At press time, Ethereum price currently trades at $1,581 after falling by 46% over the last 12 months. There is chatter that Ethereum price has bottomed and bullish US unemployment data can trigger a rally to $2,000. Charts are indicating signals for an uptrend with ETH trading above a resistance trend line, sparking belief for push toward $4,800.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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 Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.
Dogecoin Price and Open Interest Outlook
As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.
The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.
Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset.
DOGE Price to $5.6?
Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.
#Dogecoin heading to $5.60.
Breaking falling wedges. pic.twitter.com/XH7bwI7am4
— dogegod (@_dogegod_) April 17, 2025
While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.
Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.
Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.
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.
The BNB Foundation has reached its 31st quarterly token burn, taking 1,579,207 tokens out of circulation. This colossal decrease, valued at about $916 million at today’s prices, reaffirms the project’s long-standing dedication to reduce its overall supply.
Burn Size Records Marginal Decline From All-Time High
The latest burn is reported as a dip from the previous quarter’s all-time record. The 30th quarterly burn destroyed 1.634 million tokens worth approximately $1.16 billion. The earlier burn destroyed 1.524 million tokens via the Auto-Burn system and approximately 110,000 units via the Pioneer Burn Program. The latest burn didn’t see any tokens from the Pioneer program.
The 31st quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
1.57M BNB has been burned 🔥
View burn details 👇https://t.co/u6HT0dLyFe pic.twitter.com/7jWUC9DgC0
— BNB Chain (@BNBCHAIN) April 16, 2025
Token Supply Close To Halfway Point To Achieve Target Goal
By means of this last cut, BNB has collectively burned around 40.89 million tokens now. At a price of $581 per token, this equates to the value of some $23.75 billion eradicated from supply forever.
The original plan in the ecosystem as described in its whitepaper has been to halve the entire supply from 200 million down to 100 million tokens. The supply that exists now amounts to about 139.311 million tokens, leaving the token almost halfway toward its final mark.
Market Position Continues Strong Even Amid Community Worries
The circulating supply continues to be the fifth-largest in market capitalization, with its value at around $81 billion. It is the leading exchange token in the market.
Some of the community members have raised the issue of whether it is rational to burn amounts this big when the money can be used to fund marketing initiatives instead.
Many have asked: Why don’t you use that money for marketing instead?
Me: It’s not up to me. It was in the whitepaper. A promise is a promise.🤷♂️
— CZ 🔶 BNB (@cz_binance) April 16, 2025
Asked how these issues can be addressed, Binance founder Changpeng Zhao replied that the burn mechanism is a promise set forth in the token’s whitepaper, remarking simply: “A promise is a promise.”
Multiple Burning Methods Drive Systematic Supply Reduction
According to data from the foundation, BNB has two mechanisms in place to control its token supply. The first is the quarterly Auto-Burn which varies according to price and network usage. The second occurs real-time via BEP95, burning tokens within gas fees network-wide. All tokens burned are directed into a provable “black hole” address where they are irretrievable from circulation.
The Binance coin token has various roles in its ecosystem, fueling transactions on BNB Smart Chain, opBNB, and Greenfield networks. In addition to paying for transaction fees, it is used as a governance token and reserve asset and also fuels ecosystem growth.
Featured image from Pexels, chart from TradingView
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