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As we enter January 2025, Dogecoin (DOGE) is once more piquing the interest of investors and crypto aficionados. With a market capitalization of more than $50 billion, this meme-inspired coin—which is presently trading at around $0.34—has grown to be a key participant in the cryptocurrency market. Given recent price swings, many are guessing about the direction of Dogecoin. Related Reading: Bitcoin To $350,000? Top Crypto Influencer Makes Bold Prediction Historical Patterns And Future Growth There is considerable cause for excitement around Dogecoin. Analyst Cephii has concentrated on historical trends, particularly the notable 1,107% increase in Dogecoin following the January 2021 inauguration of US President Joe Biden. Cephii speculates that something like this could occur following Donald Trump’s January 20, 2025 election. History will most likely repeat itself, hence the value of Dogecoin will grow significantly and reach roughly $4.15. Last cycle, $doge pumped about 1100% a week after inauguration. Interesting. So far, post election pattern is nearly identical. pic.twitter.com/DnCK82fvNw — Cephii (@Cephii1) January 13, 2025 Trump’s inauguration is scheduled for January 20, 2025. In contrast to previous administrations, his victory has already positively influenced the whole crypto market. The values of other cryptocurrency assets, including Dogecoin, surged immediately upon the confirmation of Trump’s victory. Market Predictions And Sentiment Market sentiment about Dogecoin is caution and optimism all mixed together. While some analysts would call for a more cautious approach to pricing, others join Cephii in his bullish stance. There are vast variations in predictions of the future price of Dogecoin, with some even hitting modest increases while others believe the meme coin has a big chance of reaching $5. The latest 14% increase has been primarily credited to large investors, or “whales.” This is an indication of a rising confidence that Dogecoin will soon cross the much-anticipated $1 threshold. The Bitcoin Connection Investors in the volatile cryptocurrency market need to be ready to deal with a wide range of challenges and opportunities. While some analysts are pessimistic about Dogecoin’s long-term prospects, experts like Cephii are bullish on the prospect of significant price gains. Though Cephii’s research points to a fascinating potential for value growth, investors should proceed with care due to the unpredictable nature of the cryptocurrency market. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path The Road Ahead The future performance of Dogecoin will be continuously tracked. Given its impressive correlation with the flagship digital asset—nearly 97% over the past month—Dogecoin may profit if Bitcoin continues to rise. This connection highlights the significance of monitoring these market dynamics by linking Dogecoin’s trajectory to fluctuations in the price of Bitcoin. Featured image from Pixabay, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bybit Card Partners with Entravel to Bring Discounted Luxury Travel to Its Users
DUBAI, UAE, Jan. 14, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce its partnership with Entravel , the leading crypto-native hotel booking platform, to provide users with exclusive access to discounted luxury travel. As part of this collaboration, all Bybit users can enjoy a free membership to Entravel, unlocking extraordinary perks, including heavily discounted hotel rates and seamless booking with digital assets. Bybit Card holders gain even more, with up to an additional 6% discount via cashback on luxury hotel bookings. This initiative is a significant step in Bybit’s mission to integrate crypto usage into everyday life, making it easier than ever for users to trade, invest, and now, travel seamlessly with their digital assets. “Live the Crypto Life. With Bybit Card. Bybit Card continues to broaden the use cases for borderless crypto spending,” said Joan Han, Sales & Marketing Director at Bybit. “We are thrilled to partner with Entravel, simplifying crypto solutions for our users’ travel needs while enriching their experiences with unique benefits. Together, we aim to make Bybit the go-to platform for investing, trading, and enjoying life.” Luxury Travel with a Crypto Twist Entravel’s platform offers more than one million hotels globally, including leading luxury brands, with discounts of up to 60%–70% compared to traditional travel websites. Entravel’s innovative crypto-native, members-only program enables these unmatched savings by sourcing exclusive hotel rates through direct partnerships. Bybit users can effortlessly pay with their Bybit Card , accessing the same ease and convenience as any mainstream travel platform. This partnership empowers users to enjoy their digital assets while creating memorable travel experiences. Don’t Miss Out – Claim Your Free Membership Today The collaboration between Bybit and Entravel is designed to bring unprecedented value to Bybit’s community of over 60 million users worldwide (excluding the EU). Free memberships are now available, but spots are limited. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube NewsBTC
Chainalysis Invests $150M In AI Fraud Detection Startup Alterya
Chainalysis has made a significant move in the battle against financial crime by acquiring Alterya, an AI-powered fraud detection startup, for $150 million. This acquisition highlights the blockchain analytics firm’s commitment to tackling illicit activities in the cryptocurrency space, while marking its first major foray into artificial intelligence. With this move, Chainalysis aims to integrate The post Chainalysis Invests $150M In AI Fraud Detection Startup Alterya appeared first on CryptoCoin.News . NewsBTC
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Solana and XRP ETFs Could Spark Billions in Investments
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