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Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours. Coinglass Data Highlights Extent Of Dogecoin Liquidations According to data from Coinglass, Dogecoin liquidations have been among the most significant in the market in the past 24 hours, as leveraged positions failed to withstand the rapid price drop. Particularly, Dogecoin traders lost over $24.37 million in liquidations during the past day, coming in behind only Ethereum, Bitcoin, and Solana, who have witnessed $136.9 million, $111.54 million, and $31.48 million, respectively, in liquidations. Related Reading: Bitcoin Weekly PPO Turns Red At $102,000, What It Means For The Bull Market Long positions accounted for the majority of liquidations, as bullish traders were caught off guard by the unexpected sell-off. In the case of DOGE, $21.42 million worth of long positions were liquidated, while about $2.95 million worth of short positions were liquidated. These liquidations have also been accompanied by a strong decline in open interest in Dogecoin futures positions. According to Coinglass data, the open interest on Dogecoin is currently at 10.31 billion DOGE tokens, reflecting a 12.37% decline in a 24-hour timeframe. This corresponding drop in open interest suggests a cautious sentiment among Dogecoin investors as crypto bulls push through double-digit beatdowns. DOGE To Bounce Back? The dominance of liquidated long positions shows how bullish traders were blindsided by the abrupt sell-off, which swiftly erased many of the gains in the previous four days. This sharp correction has interrupted Dogecoin’s upward momentum, which had been gearing up to break above the $0.40 price level. Instead, Dogecoin bulls now face the challenge of defending key support at $0.35. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension Dogecoin’s price action in the past seven days has been characterized by intense activity, with a surge from $0.31 on January 1 to $0.395 on January 7, representing a 27.4% increase in six days. However, the past 24 hours have been riddled by a 10% correction. Nevertheless, Dogecoin continues to hold on to this intense trading activity, with data from Coinmarketcap showing a 90% increase in trading volume in the past 24 hours despite the liquidations. Furthermore, these sorts of liquidations and declines are not unusual for Dogecoin, and many holders have seen them as part and parcel of the market. Looking ahead, Dogecoin retains the potential for a strong rebound, particularly if bulls can maintain support around the $0.35 level. A recovery in Bitcoin’s price above the critical $100,000 mark could further provide the broader market momentum needed to resume Dogecoin’s rally. At the time of writing, Dogecoin is trading at $0.3505. Featured image created with Dall.E, chart from Tradingview.com
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Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market
Musk`s DOGE initiative aims to reduce government spending and combat inflation. His comments on the X platform incited debate among cryptocurrency users. Continue Reading: Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market The post Elon Musk’s DOGE Initiative Sparks Controversy in the Cryptocurrency Market appeared first on COINTURK NEWS . NewsBTC
3 Top New Meme Coins to Invest in This Month: Grab the Best Opportunities Now!
Imagine turning a small investment into life-changing profits, all by tapping into the explosive meme coin market. With analysts predicting a bullish cycle for meme coins, now’s the time to jump in. Meme coins have evolved beyond mere internet jokes; they are now serious players in the world of alternative investments, offering high returns and community-driven momentum. Meet BTFD Coin (BTFD), currently in Stage 13 of its presale for $0.000142. Known as the “Bulls Squad,” its passionate community is creating major buzz. With over $5 million raised and more than 63 billion BTFD coins sold, this project is set to redefine meme coin success. But that’s not all. We’ll also explore Bonk (BONK) and Pepe Coin (PEPE), established favourites that continue to dominate the meme coin frenzy. Let’s dive into why these are the top new meme coins to invest in this month. 1. BTFD Coin (BTFD) – The Dip-Lover’s Dream BTFD Coin embodies the “ Buy the Dip ” ethos, offering a unique blend of presale profits, play-to-earn (P2E) gaming, staking rewards, and community-driven power. It’s not just a coin; it’s a movement. At the heart of BTFD lies the dynamic Bulls Squad, a community of over 7,900 investors united by their passion for finding value where others see risk. The Bulls Squad embodies resilience, creativity, and teamwork, serving as the driving force behind BTFD’s success. With Baby Bull, Raging Bull, Nerdy Bull, and Peoples Bull leading the charge, this squad isn’t just a group—it’s a movement redefining what it means to invest in meme coins. The BTFD P2E game, launched on January 1, 2025, allows users to earn rewards while enjoying a fun and engaging experience. Unlike the beta version, which was just a teaser, the full version brings lucrative earning opportunities. Players can rack up in-game tokens and convert them to BTFD coins, enhancing their portfolios. Staking went live on December 2, offering a competitive 90% APY for investors. This makes holding BTFD a rewarding experience, turning passive holding into an active income stream. With a maximum coin supply of 173 billion and liquidity locked for three years, BTFD promises long-term stability. The presale is a goldmine for early investors. Starting at just $0.000004, the price has climbed to $0.000142 in Stage 13. At the end of the presale, the listing price will be $0.0006. Let’s break it down: if you invest $2,500 today, you’ll own 17,605,632 BTFD coins. When the price hits $0.0006, your investment will grow to $10,563—a remarkable 322% ROI. How to Join the BTFD Presale: Go to the BTFD Presale Page. Click “Connect Wallet” and select your wallet (e.g., MetaMask, Trust Wallet). Input the amount of BTFD coins you want to buy. Click “Buy Now” and confirm the transaction in your wallet. BTFD’s Referral Programme adds another layer of earning potential. Share your referral code and earn 10% of the raised amount in BTFD tokens. It’s a win-win for everyone involved in the top new meme coins to invest in this month. Why is BTFD Coin the Star of This List? BTFD combines innovation with community power, offering everything from high staking rewards to a rewarding gaming experience. It’s a no-brainer for anyone looking to capitalise on the meme coin craze. 2. Bonk (BONK): The Community-Driven Powerhouse Bonk is a community-first meme coin that has captured the hearts of crypto enthusiasts worldwide. Known for its decentralised ethos, BONK thrives on its ability to rally people together, creating a vibrant and active community. One of Bonk’s standout features is its utility within the Solana ecosystem. It’s often used to reward community initiatives, adding a layer of utility that many meme coins lack. From NFT minting to liquidity provision, Bonk’s integration across Solana has cemented its position as a go-to alternative investment. Why Does Bonk Deserve a Spot on This List? Bonk’s unique blend of community power and utility within the Solana ecosystem makes it more than just a meme coin. It’s a symbol of what decentralised communities can achieve. 3. Pepe Coin (PEPE): A Legendary Meme Icon Pepe Coin pays homage to the internet’s beloved frog meme, but it’s much more than a nostalgic nod. With its deflationary model and strong community backing, PEPE has proven itself as a serious player in the meme coin market. What sets PEPE apart is its strategic tokenomics. The coin’s supply decreases over time through regular burns, ensuring scarcity and driving demand. Additionally, its liquidity pools and staking mechanisms make it an attractive choice among the top new meme coins to invest in this month. Why is Pepe Coin a Must-Have? Pepe Coin’s ability to blend humour with strategic financial incentives makes it a standout in the crowded meme coin space. It’s a perfect mix of fun and function. Final Thoughts: The Right Time is Now The meme coin market is hotter than ever, offering unparalleled opportunities for those willing to take the plunge. BTFD Coin reigns supreme with its innovative P2E game, high staking rewards, and thriving presale—truly a top new meme coin to invest in this month. Meanwhile, Bonk and Pepe Coin continue to shine as established favourites, each bringing unique value to the table. Time is of the essence. Don’t let this wave pass you by. Join the BTFD Coin presale right now and secure your position in the next big crypto success story. The future of meme coins is here, and it’s yours for the taking! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC
