Qubetics’ dVPN and $1.25M raised makes $TICS the current presale crypto with the most potential while Render targets $10 post-Robinhood and Artemis innovates trade.
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Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10
Dogecoin (DOGE), the world’s largest meme coin has recently seen a sharp decline in its holder base, with new data confirming that the number of active long-term holders has fallen to a six-month low. Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin’s price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon. Dogecoin Holder Base Sees Rapid Decline Santiment, a Market Intelligence platform has unveiled a rather bearish trend involving Dogecoin investors and holders. The platform revealed in an X (formerly Twitter) post on October 15 that the number of active Dogecoin holders is falling at a significantly rapid pace. Related Reading: Bitcoin Stochastic Breakout Puts BTC Price Above $500,000, Here’s When Based on its reports, there has been a net loss of approximately 106,600 non-empty wallets since Tuesday, October 8. A non-empty wallet here refers to a crypto wallet that contains at least some DOGE tokens. Sharing a chart illustrating the decline in the Dogecoin holder base, Santiment revealed that the total number of Dogecoin holders is estimated currently at 6.62 million. This figure marks the lowest the DOGE holder base has ever been since April 25, 2024. The net drop of 160,600 indicates that more people are either selling off or withdrawing the DOGE tokens from their wallets than those buying the meme coin. In light of this, Santiment has noted a shift in investors’ sentiment and interest in Dogecoin. The market intelligence platform has disclosed that many traders who had invested in Dogecoin are expressing frustration about the meme coin’s poor market performance. As a result, traders, especially those looking for short-term gains, are moving away from Dogecoin in search of a cryptocurrency that might offer rapid price increases. As of writing, Dogecoin is trading at $0.12, experiencing slight upticks over the weeks, according to CoinMarketCap. It appears the meme coin’s 10% surge and 17% increase in the past week and month respectively, has not been enough for many investors. As the top meme coin in the market, many expect a dramatic DOGE surge to occur in order to reap immense benefits. However, the cryptocurrency’s recent fluctuating performance and inability to reach the coveted $1 mark has left many investors concerned. Analyst Doubles Down On $10 Price Target For DOGE Amidst the decline in the Dogecoin holder base, a crypto analyst remains highly bullish on the meme coin price outlook. Dima James Potts, an analyst on X has doubled down on his earlier prediction that Dogecoin is headed to $10. Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 In a previous X post on August 8, Potts predicted that Dogecoin is gearing up for a major price increase in 2025. At the time, the analyst based his forecast on DOGE’s historical patterns and past performance, highlighting that in the two previous market cycles, Dogecoin had surged 9,000% and 18,000% in 2017, and 2021 respectively. Now the analyst is reinforcing his earlier prediction, emphasizing that history cannot be changed, while asserting that a $10 price surge for Dogecoin was seemingly inevitable. Featured image created with Dall.E, chart from Tradingview.com Coincu
Cryptocurrencies: Bitcoin Climbs Above $60K
Summary Bitcoin`s price climbed above the $60,000 level this past week. BTC is currently up ~52% year-to-date. Ether`s price climbed higher, ending above $2,600. ETH is now up ~11% year-to-date. XRP, which is owned by Ripple and launched in 2012, was one of the larger cryptocurrencies for some time until new coins joined the market. XRP is currently down ~14% year-to-date. By Jennifer Nash This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high risk when it comes to investing, the two have foundational differences that investors should know . We`ve also included XRP, as it was one of the largest cryptocurrencies when this series began. According to Wikipedia , a cryptocurrency is "a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets." Bitcoin Bitcoin ( BTC-USD ) was the world`s first cryptocurrency and decentralized digital currency. The first bitcoin transaction occurred in early 2009 and has since grown worldwide. Bitcoin`s price climbed above the $60,000 level this past week. BTC is currently up ~52% year-to-date. Ether Ether ( ETH-USD ) is another cryptocurrency run on the Ethereum blockchain platform and has the second-largest market share, despite being the newest of the three discussed in this article, with its launch in July 2015. Ether`s price climbed higher, ending above $2,600. ETH is now up ~11% year-to-date. XRP XRP ( XRP-USD ), which is owned by Ripple and launched in 2012, was one of the larger cryptocurrencies for some time until new coins joined the market. We`ve included it in this article for reference. XRP is currently down ~14% year-to-date. Bitcoin vs. Ether vs. XRP An index has been created in order to chart these three cryptocurrencies together, considering their significantly different pricing histories. Bitcoin tops the chart. In other words, the price of a bitcoin has changed the most out of all three cryptocurrencies. On January 10th, the SEC approved spot bitcoin ETFs from a range of issuers such as Grayscale Bitcoin Trust ETF ( GBTC ), iShares Bitcoin Trust ( IBIT ), Fidelity Wise Origin Bitcoin Fund ( FBTC ), ARK 21Shares Bitcoin ETF ( ARKB ), Bitwise Bitcoin ETF (BITB), Coinshares Valkyrie Bitcoin Fund ( BRRR ). Here are some of the quick takeaways from the spot bitcoin ETF launch. On July 23rd, a handful of spot ether ETFs launched from a range of issuers such as Grayscale Ethereum Trust ( ETHE ), Franklin Ethereum ETF ( EZET ), Bitwise Ethereum ETF ( ETHW ), iShares Ethereum Trust ( ETHA ), Fidelity Ethereum ETF ( FETH ). Original Post Editor`s Note: The summary bullets for this article were chosen by Seeking Alpha editors. Coincu