China News Official Today TheBitTimes.com

Dogecoin , a cryptocurrency with origins in internet meme culture, has captured significant attention and sparked the creation of various other animal-themed coins within the crypto market. Originally intended as a lighthearted joke, these meme coins have surprisingly gained widespread popularity in recent periods. Early adopters and investors in Dogecoin experienced substantial profits, with some achieving significant financial gains. However, the current situation for DOGE is less favorable. Also read:  Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet The latest data from IntoTheBlock reveals that DOGE is eyeing a breach of the $0.1 price. The In/Out of the Money” (IOM) indicator plays a major role in identifying the average purchase cost of any cryptocurrency. This will help in determining two things. In one situation, if the current cost is more than the average cost, the address is considered to be “In the Money.” In the other insta...

Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins. Bitcoin (BTC) plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions. Although the near term looks bearish, long-term investors remain unfazed and they continue to hold on to their positions. Glassnode data shows that Bitcoin’s Long-Term Holder Supply made a new high of 14.52 million Bitcoin, “equivalent to 75% of the circulating supply.” Daily cryptocurrency market performance. Source: Coin360 While the cryptocurrency markets have turned soft in the near term, the United States equities markets remain on a strong footing. The Dow Jones Industrial Average has risen for ten straight days, its longest streak since 2017. However, things could change this week with a slew of key ea...

The most prominent meme coin on the market could be facing a much-needed surge if the bulls can emerge victorious. Specifically, Dogecoin (DOGE) could be set to face a 10% jump if it can beat one crucial level. Subsequently, setting the coin up for a rally toward the $0.85 mark.  The ninth largest cryptocurrency by market cap Dogecoin has seen a lot of range trading over the last several months. Moreover, this past week has observed DOGE’s price break the $0.067 mark at its moving average (MA) of 50, to reach higher portions of that price range.  Also Read: Dogecoin Miners Add Millions of DOGE to Reserves; What Does it Mean? Dogecoin Could Have a 10% Surge in Store There are few meme coins that have the kind of community or prominence of Dogecoin . Yet, as the entire market has faced a prolonged period of volatility, it has experienced some underperformance. However, overcoming one level could see it gearing up for a rally. Indeed, Dogecoin (DOGE) coul...

Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto markets. After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States Consumer Price Index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14.  Both these events could trigger a sharp response from equities and crypto traders. While a knee-jerk reaction is expected, it will be interesting to note if there is any follow-up to it. Traders may remain cautious as market volatility is likely to pick up over the next few days. Daily cryptocurrency market performance. Source: Coin360 Although the lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase has weakened sentiment, Bitcoin (BTC) whales are using this opportunity to increase their holdings. Behavior analytics ...

Dogecoin is among the worst-performing cryptocurrencies in 2023 as its price barely moved in the indices. The leading meme coin is heading south every day showing little to no signs of growth. The constant decline has made investors skeptical to take an entry position for fears that it could deliver further losses. DOGE has lost its steam as its hype came to an end during the harsh bear markets of 2022. A lso Read: Shiba Inu: You Can Become a SHIB Millionaire With Only $8.5 Nonetheless, investors who took an entry position after it reached its all-time high of $0.73 in May 2021 are eagerly waiting for it to hit $1. The current market scenario is such that the meme coin has more chances of slipping than rising. So when could Dogecoin breach its ATH of $0.73 and move further in the charts? In this article, we will highlight when DOGE could climb above its ATH and reclaim a new all-time high. When Will Dogecoin Breach Its All-Time High of $0.73? Source: CryptoPotato A mac...

Dogecoin (DOGE), the original memecoin, has seen a surge in its transaction volume. Most of the activity originated from large wallets, aka whales. DOGE’s transaction volume left that of Shiba Inu (SHIB) and Pepe Coin (PEPE) in the dust. The recent spike in volume and price comes as a sigh of relief for DOGE fans and investors as the asset was stagnant for the better part of two months. On May 28, DOGE whale activity increased the volume of large transactions to $1.06 billion, boosting DOGE holders’ sentiment. Shiba Inu and PEPE, which emerged as DOGE’s main rivals in April and May, have seen a fall in on-chain activity. Furthermore, according to IntoTheBlock, 50% of Dogecoin (DOGE) holders are in profit. However, 46% of holders are still on losses, while 4% have broken even. IntoTheBlock data also showed that people in profits have increased by 4.24%, while network growth has decreased by 0.16%. Will Dogecoin (DOGE) reach $1? From its current levels, reaching $...

In a recent Cointelegraph Twitter poll, DOGE was voted as the memecoin that will have the largest market capitalization by 2025, with PEPE coming in second place. Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called "memecoins." While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors.  One of the most popular meme coins that was recently launched is a frog-themed token called PEPE. The token has gained traction amid the bear market and garnered a lot of support from various members of the community despite its official website saying “the coin is completely useless and for entertainment purposes only.” According to its creators, PEPE is on a mission to “make memecoins great again” a play on former United States president Donald Trump’s political slogan, ...

The original meme coin has had a rather tumultuous few days, along with an overall crypto market downturn. Yet, as Dogecoin has seen a $900 million trading volume boom, could DOGE realistically reach the coveted $1 mark at some point this year?  The price of Dogecoin is currently up a mere 0.03% over the last 24 hours, standing firm at a price of $0.799. Conversely, the digital asset has seen a 9% drop over the past week while still being up 8.5% over the last month. However, with trading volume rising from a steady $400 million a few days ago, a price recovery could be in the works. DOGE Trading Volume Signaling $1 Trajectory? Source: Barron’s For many meme coins, the $1 dream has long been held as a point of optimism. Yet, as things are currently developing, that could be a reality for the original meme coin. Moreover, as Dogecoin has seen a $900 million trading volume boom, could DOGE reach the $1 mark at some point this year? Data from Trading View shows that a r...

According to new data from Bitinforcharts, Dogecoin (DOGE) has seen its active addresses surpass the 100,000 mark for the first time in 2023. Specifically, the number had not reached similar levels since August of 2022, nine months ago. The original meme coin was up nearly 30% at the start of April, following a massive boost from the Dogefather himself. Moreover, Elon Musk’s Twitter platform replaced the iconic blue bird log with the Doge meme. Subsequently, the token is almost reaching the $0.09 price point amidst Musk’s impending SpaceX launch. Source: Reuters DOGE Reaches Active Addresses Milestone The rising relevance of the meme coin industry was first set in motion by Dogecoin . Importantly, boasting a very passionate community, the concept of meme coins has developed some important players in the digital asset industry, including the beloved Shiba Inu. Now, Dogecoin (DOGE) has noted an important development, as its active addresses have surpassed 100,000 for th...

Binance’s BSC News recently tweeted asking its followers if they knew which memecoins outperformed Bitcoin (BTC) and Ethereum (ETH) in January 2023. BSC News then stated that most of them, including Shiba Inu (SHIB) and Dogecoin (DOGE), performed better than BTC and ETH. The tweet received a reply from Alex McCurry, the founder of Solidity.io. McCurry said that all of them (the memecoins) are “all garbage.” all garbage — Alex McCurry (@alexmccurryo) February 8, 2023 Memecoins, like Shiba Inu (SHIB) and Dogecoin (DOGE), often face criticism from hardcore cryptocurrency enthusiasts. Most of the backlash is directed at memecoins not having any real-world use. They draw criticism for being utilized to make quick money through speculation. Furthermore, McCurry is not the first to attack memecoins . Steven Cooper, Bigger Entertainment chief, recently slammed Shiba Inu and basically called the project a scam. Cooper expressed his satisfaction that ...

With the cryptocurrency market cap hovering around $1 trillion, most asset prices continue to reflect green returns on a weekly chart. While Bitcoin and Ethereum’s numbers stood at a modest 1%-2%, meme coins like Dogecoin stood 9% higher. The broader bullish sentiment in January helped Dogecoin rise higher on its charts. However, the refined state of its on-chain metrics placed DOGE in a much better position when compared to the rest of the clan. Data from Santiment revealed that Dogecoin large whale transactions spiked to “the highest of the year.” Standing at 523 at press time, the number of $100k transfers stood at its highest since the end of November. Additionally, the active address also inclined to 86.4k. The analytics platform labeled the same to be the “largest 2-day stretch” since Nov. 2 and 3. Source: Santiment Dogecoin Price Santiment resultantly attributed the said factors to the price rise and tweeted, “ The polari...