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Wells Notice Wallop: Robinhood Bleeds 164 Million Dogecoin In Mass Exodus

Cryptocurrency Market News

The Shiba Inu’s reign as king of memecoins may be facing a ruff patch. Dogecoin (DOGE) prices dipped this week after news broke of the US Securities and Exchange Commission (SEC) issuing a Wells Notice to Robinhood, a popular crypto exchange. The notice, a precursor to potential enforcement action, alleges Robinhood violated multiple securities laws.…

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Crypto Traders Discuss Why Memecoins Have Been 2024’s Most Profitable Narrative

Meme Coins

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Is There Value In A Memecoin? To begin with, Shin asked…

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Dogecoin on the Rise: Over 5 Million Wallets Now Profitable As Potential Surge Looms

Dogecoin

So far, Dogecoin has emerged as a significant player among the largest altcoins, exhibiting signs of a strong comeback, particularly highlighted by the recent profitability of numerous wallet addresses. A Surge In Dogecoin Profitable Addresses Recent data from IntoTheBlock reveals a notable uptick in the profitability of Dogecoin addresses. Of the myriad wallets in the…

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Dogecoin Breaks Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6 Target

Dogecoin

The Dogecoin price action seems to have turned bearish after a bearish close to April. Projections for the meme cryptocurrency are not bullish in the short term, especially considering the fact that it is now experiencing a 47% price correction from its highest point in the current market cycle. Despite its recent plunge, one analyst…

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Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On?

Cryptocurrency Market News

Dogecoin (DOGE), the Shiba Inu-faced darling of the 2021 memecoin frenzy, has found itself shivering in the current crypto winter. Once a symbol of retail investor exuberance, DOGE has plummeted over 70% from its sky-high peak, leaving its future shrouded in uncertainty. DOGE Feels The Crypto Frost While Bitcoin, the heavyweight champion of the crypto…

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Buy Dogecoin Now? Analyst Believes DOGE Is Primed For A Surge

Dogecoin

In an analysis shared via X, crypto analyst Ali Martinez elaborated on the ongoing price correction of Dogecoin (DOGE), positing that it is a consistent precursor to major bull runs, drawing on historical patterns to forecast future price movements. Martinez’s commentary centers on the chart pattern known as the “descending triangle.” This is a bearish…

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Machine Learning Algorithm Predicts Dogecoin Price For May 2024

Dogecoin

As April comes to a bearish close, expectations for Dogecoin in May are not exactly bullish, especially as the crypto market has continued to fall. DOGE has been one of the main losers during this time, falling below $0.14. This underperformance is expected to continue as the machine learning algorithm at CoinCodex predicts further decline…

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Bitcoin Dominance: Traders Preferring The OG To Dogecoin & Other Altcoins

Bitcoin News

On-chain data suggests Bitcoin has recently experienced an influx of investors while Dogecoin, Cardano, and other altcoins have seen a slowdown. Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement According to data from the on-chain analytics firm Total Amount of Holders,” which keeps track of the total number of addresses on a…

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Alarm Bells Ring For Dogecoin: Bearish Signal Points To 40% Crash

Dogecoin

Crypto analyst Josh Olszewicz is once again warning of a looming Dogecoin price crash. The analysis hinges on the Ichimoku Cloud, a comprehensive indicator that provides information on support/resistance levels, momentum, and trend direction. Olszewicz’s analysis points to two specific technical phenomena on the 1-day (1D) chart of DOGE against the US dollar (DOGE/USD). Via X,…

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Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges

Dogecoin

Recent on-chain data has shown a transfer of 456 million DOGE tokens into crypto exchange Coinbase amidst a flurry of Dogecoin whale transactions across various exchanges in the past 24 hours. The price of DOGE has majorly traded below the $0.165 price level in the past seven days despite the price uptick among other meme…

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