Altcoin News by Thebittimes.Com

The cryptocurrency market saw a slight recovery following its recent bloodbath. Several assets were getting back on track and were pocketing gains. Large-cap assets like Shiba Inu [SHIB] and Dogecoin [DOGE] were leading this recovery. At press time, SHIB was trading at $0.00001875 following a 3.30% rise in the past 24 hours. DOGE was priced at $0.1255 with a 1.92% increase. Bitcoin [BTC], however, barely pocketed profits as it continued trading at $65,295. Santiment, a popular on-chain analytics firm revealed that most assets in the market were currently undervalued. This means that these crypto currencies were trading at a lower price than their inherent value. Using the MVRV indicator, Santiment said that Shiba Inu and Dogecoin were the most bullish assets. Bitcoin is also bullish, but the meme coins were considered more profitable than BTC. Also Read: Rags to Riches: Shiba Inu Made $1,000 Turn into $10 Million Source The firm also noted that assets with a lower 30-d...

The cryptocurrency market is facing an intense dilemma, mulling over whether to inject more funds into the market or not. The dilemma has been triggered by the latest Bitcoin crash, spreading unease among investors.  However, per notable financial analyst Elja, Bitcoin is mimicking its historic 2020 bull market patterns. The current price slip is a response to the external market pressure, which will eventually help Bitcoin pick up its pace. With the current Bitcoin price dip, investors have an opportunity to explore some lucrative meme coin dips that may disseminate fast profits over a short period. Here’s our latest pick to help broaden your meme coin profit horizons.  Also Read: Cryptocurrency: 3 Coin Dips to Leverage for 50x Returns  Top 3 Meme Tokens for Fast Profits  #1: Shiba Inu Shiba Inu is dubbed an OG crypto meme token for many reasons. The token is backed by a solid community of loyalists and creators who are continuously working towards ...

The cryptocurrency market is rallying hard this week after Bitcoin climbed above the $62,000 mark. Leading coins like VeChain’s VET, Cardano’s ADA, Ripple’s XRP, Dogecoin’s DOGE, and Shiba Inu’s SHIB reached new monthly highs. This is the right time to make decent profits and enjoy good returns while the sun is still shining. Investors are reaping all the profits after close to two years and the cryptocurrency market is brimming with fresh enthusiasm. In this article, we will highlight the top 3 coins that are trading under 20 Cents ($0.20) that can generate good returns. Also Read: Shiba Inu Can Reach 10 Cents ($0.10) If This Plays Out Cryptocurrency: Top 3 Coins That Can Deliver Good Returns Below 20 Cents ($0.20) Dogecoin (DOGE) Source: Twitter Leading meme crypto currency Dogecoin (DOGE) is the star of the week and the top-performing digital asset this month. It spiked nearly 50% in the last two weeks generating stellar profits for inves...

Dogecoin has flashed signs of a budding breakout on its price chart in recent days. However, headwinds from the resurfacing Elon Musk legal drama look to stretch investor patience as DOGE struggles in 2024. After days showing network usage growth, the meme coin has lost significant ground this week, even sliding outside the top 10 market cap rankings. The weakness comes as Musk must again testify in court regarding investor lawsuits. As the drama reignites, DOGE trades hands around $0.08257, with a 3.3% surge in the last 24 hours. This stagnation persists despite Dogecoin managing to overcome long-term falling price channel resistance over the past week. Also read: Cardano (ADA) Valentine’s Day Price Prediction Will DOGE hit $0.1 soon? Bullish technicals still show promise on balance. The recent breakout reclaimed DOGE’s 50-day moving average while drawing buyers to successfully retest prior channel resistance as new support. This textbook reversal setup generally i...

The original meme coin has undoubtedly become a key part of the digital asset sector. As the 10th largest token by market cap, it has found itself as one of the most popular investment options. However, could an ascension be on the cards? Specifically, could Dogecoin (DOGE) be set to surpass $1 in 2024? The asset is currently trading at $0.929, slightly down by less than 1% over the last 24 hours, according to CoinMarketCap. However, with the year quickly coming to a close, could the new year provide a renewed trajectory for the meme coin? Well, let’s delve a little bit deeper. Also Read: How Much Dogecoin is Needed to Be a Millionaire if it Hits $1? Dogecoin (DOGE) Set to Hit New All-Time High in 2024? Throughout 2023, the digital asset sector has seen a massive bounce back from the events a year prior. Indeed, overall market sentiment is increasingly positive as the Christmas holiday has come and gone. Now, with the new year on the horizon, various tokens could be ...

The cryptocurrency industry has witnessed the emergence of numerous new assets in recent years. Dogecoin was created as a joke but gained tremendous popularity. Shiba Inu [SHIB] followed a similar path and created millionaires and billionaires during its early days. On the other hand, PEPE aimed to distinguish itself by avoiding the canine theme. Do these formerly popular and profitable meme coins still possess their charm? It appears that their appeal has dwindled. Since 2021, Dogecoin has failed to retest its all-time high range. However, a significant portion of its users have managed to make a profit. Additionally, 44% of the network consists of large addresses. Also Read: Dogecoin (DOGE) Price Prediction: September 2023 Source PEPE coin secured the second position, with 21% of its holders seeing profits. Meanwhile, Shiba Inu trailed behind, and its derivative token, LEASH, had 19% of its holders experiencing gains at the current asset price. Shiba Inu has recently...

The Golden Cross is quite an integral part of technical Analysis . Such a crossover occurs when a short-term moving average overtakes a major long-term moving average to the upside. The Golden Cross suggests an upward flip in the price. A few days back, the 50-day MA [red] on Dogecoin’s chart climbed above the 200-day MA [green]. Post the crossover, DOGE noted a brief uptick and went on to claim a local high of $0.111. Source: TradingView The bullish momentum, however, couldn’t sustain. Post gradually succumbing to bears, DOGE ultimately ended up adding another extra zero to its price and was trading at $0.09602 at press time. Effectively, a crossover is considered to be more significant when it is accompanied by high trading volume. In Dogecoin’s case, that has not been the case. As illustrated below, the volume peaked in the October-November transition period and it quickly dropped after that. A similar uptick was registered during the latest month...

DOGE, a cryptocurrency based on a popular internet meme, has gained widespread attention thanks to billionaire entrepreneur Elon Musk’s vocal support of the asset. From being just a meme, DOGE has come a long way in terms of adoption and acceptance. As a result of Musk’s advocacy, the value of DOGE has been subject to significant fluctuations. This includes a notable increase following the Tesla CEO’s every tweet about the meme coin. Even though Dogecoin is trading at $0.07809 at press time, it has never been the same always. Let us take a look at the price history of DOGE. Also read: Dogecoin : Can DOGE Reach $100 in 10 years? Dogecoin price history The price of Dogecoin has not always been the same. DOGE really began to take off when Musk started to embrace the coin. DOGE price 2013: $0.00 to $0.0002 DOGE began trading on December 15, 2013, with an initial price of $0.00. Two weeks after the launch, the price spiked from $0.0002 to $0.0023. Price from 2014 ...

A recent survey by BTC Peers shows that 40% of young American investors aged between 18 and 40 dived into cryptocurrencies for viral meme coins . The anonymized survey was taken among 2,531 US citizens, each completing a 55-question poll. This allowed users to share their enthusiasm for investing in crypto assets. “I bought Dogecoin after seeing memes about its price skyrocketing. The jokes made it feel like a fun club to join.” One user said in the survey. While 11% of the investors said their goal was to make long-term money, “the majority are in it for amusement and social belonging,” per BTC Peers. The bulk of meme coin investors, around 83%, belong to Millennials or Gen Z, the survey found. Moreover, 65% of the survey ed users claimed that humor and jokes help them understand the complex concepts of the crypto industry easily. One participant added that meme coins help to “spark enough curiosity” to learn more about “intimidating stuff like decentralized netwo...

Dogecoin ’s NVT ratio has been hovering around its all-time highs of late. Over the past few months, a series of spikes have been registered on this front. Interestingly, in most instances, the price has reacted in a similar way. So, in this article, we will be analyzing the trend and chalk out what can be expected from DOGE this time around. Source: IntoTheBlock Also Read: Shiba Inu Whale Outflows Rise 250%: Will SHIB React? The Dogecoin NVT-price trend Before proceeding further, it is essential to note that NVT Ratio compares the network value to the transactional value. A rising number usually means the value on-chain value being transferred is not able to outpace the value of the network. Dogecoin has registered 4 NVT spikes over the past year. The fifth was created at the beginning of this month. This is how DOGE’s price reacted in every situation: On May 23, 2022, when the NVT spiked, DOGE first depreciated by 44% and then rallied back by 58% ...

This latest model has undergone extensive testing periods to prove its superiority over previous versions, hence the launch of the hardware. Altogether, BIT Mining has rolled out three models of LD-specific ASIC mining machines since last year when it acquired Bee Computing, a mining hardware producer. With each model, there is a significant advancement that is introduced. advertisement Xianfeng Yang, the Chief Executive Officer (CEO) of the mining company explained that “With each new model of mining machine that BTCM develops, we further calibrate our expertise, gaining additional experience with manufacturing products that help contribute to essential blockchain networks. The sophistication of our new model LD4 mining machine is currently unmatched in our industry.” “As one of the world’s top cryptocurrency mining machine brands, we remain committed to continuing to develop new mining machines with the latest technology and promoting...

The volatility in the Dogecoin market has been on the incline over the last few days. Leaving aside the spike noted in early April, the current price volatility for DOGE is at its highest since December 2022. This likely means that it’s time to brace for some action. Source: Santiment Also Read – Exclusive: Doge Documentary to be “The Wildest” Film Ever Seen Dogecoin fundamentals Now, associating the word fundamentals with Dogecoin might seem to be ironical, given its “meme” nature. However, DOGE has come a long way, and peeking into on-chain data will only give us better clarity about how the network has been faring. Dogecoin ’s NVT ratio has been on a downtrend over the past few months. Just over the past day, it has dropped by over 31%. As shown below, the current number [~39] is about 8 times lower than its 52-week or 1-year high. This ratio basically compares the network’s value to the transactional volumes. High numbers usually indicate that the network is able to ...