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3 Tokens Ready to 100x After XRP ETF Gets Approval

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The cryptocurrency market is turning bullish, with several tokens showing strong potential. Three standout coins have displayed remarkable growth, positioning themselves as prime investment opportunities. This optimism follows growing anticipation surrounding an XRP ETF approval, sparking confidence among investors. The market’s momentum suggests further gains may be on the horizon.

3 Tokens That Could Be the Next 100x Gems After XRP ETF Approval

For the first time in three years, Ripple’s XRP surpassed $1.4, climbing 25% after regulatory shifts and SEC developments. The surge follows SEC Chair Gary Gensler’s announcement of his term ending January 20. Speculation grows about tokens poised for massive growth, with investors eyeing potential 100x opportunities post-XRP ETF approval.

Dogecoin (DOGE)

Dogecoin (DOGE), the popular meme coin featuring a Shiba Inu, has surged 13% in the past week, reaching $0.4084. Over the past year, DOGE’s value climbed 446%, showcasing growing interest in meme-based cryptocurrencies. Dogecoin may be among the three tokens poised to 100x following the potential approval of an XRP ETF. 

This highlights the evolving crypto market dynamics, investor optimism around meme coins, and significant cryptocurrency advancements.

Dogecoin appears ready to surge as technical indicators point to a potential bullish rally in the near future. According to insights from market analysts, meme coins break out of a consolidating triangle pattern, often preceding upward price movements.

3 Tokens Ready to 100x After XRP ETF Gets Approval3 Tokens Ready to 100x After XRP ETF Gets Approval
Source- X

Aureal One

Aureal One has launched its much-anticipated presale for a groundbreaking metaverse platform, attracting significant interest within minutes. The platform uniquely combines blockchain technology with immersive virtual reality, integrating gaming, the metaverse, and real-world applications. 

The advanced Aureal One Blockchain is at its core, which powers two flagship projects: DarkLume and Clash of Tiles. These projects highlight the blockchain’s cutting-edge capabilities, offering interactive experiences that promote community engagement and individual development.

5 Crypto To Buy Today Under $10 To Earn $100K5 Crypto To Buy Today Under $10 To Earn $100K
AurealOne

Aureal One aims to redefine virtual experiences by featuring a robust ecosystem and innovative features, solidifying its position as a leading investment in the metaverse and virtual reality sectors.

Solana (SOL) 

Solana (SOL), an open-source blockchain supporting decentralized applications (DApps), has seen a significant price surge. Over the past 24 hours, the SOL price climbed 4%, reaching a new all-time high of $254. This milestone comes amid broader market gains, positioning Solana as one of the promising tokens ready to 100x following the XRP ETF approval.

Solana’s market value has risen by over 400% in the past year, reflecting robust growth. Data from Coinglass reveals heightened activity in Solana’s derivatives market, with trading volumes and open interest increasing steadily. The expanding options trading volume further underscores the blockchain’s growing appeal among investors. These metrics highlight Solana’s increasing traction in derivatives, signaling strong investor interest.

The cryptocurrency market is primed for further gains. As the XRP ETF sets a new precedent, these top tokens showcase the potential for substantial returns, making them worth monitoring closely.

Frequently Asked Questions (FAQs)

The approval signals mainstream acceptance of XRP and boosts investor confidence.

Dogecoin’s strong community, recent price surge, and technical patterns suggest bullish potential.

Aureal One uniquely blends blockchain, metaverse, and gaming, creating robust investment appeal.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime

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Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.

Dogecoin Price Eyes A 10x Breakout Ahead

In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.

Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.

Source: CryptoELITES

Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.

DOGE SuperTrend Indicator

Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.

The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.

Source: Ali Martinez

Elon Musk Teases the DOGE Ghibli Anime

In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.

The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will Dogecoin Price Soar 200% As DOGE ETF Approval Odds Hit 75%?

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Dogecoin price has been gaining attention as analysts predict a potential surge of 200% amid growing speculation about a Dogecoin ETF approval. Market participants are closely watching price movements, with many expecting DOGE to surpass its all-time high of $0.739.

As the U.S. Securities and Exchange Commission (SEC) reviews multiple applications for a Dogecoin ETF, traders and investors are anticipating a major rally.

Dogecoin ETF Filings and Market Expectations

Grayscale Investments, CoinShares, and WisdomTree have submitted applications for a Dogecoin ETF, aiming to provide investors with regulated exposure to the cryptocurrency. The SEC has acknowledged Grayscale’s filing, signaling the beginning of a formal review process.

If approved, the ETF could attract institutional investors, potentially driving up Dogecoin price.

Regulatory sentiment toward cryptocurrencies appears to be shifting, especially under the current administration. Recently, the SEC dropped its lawsuit against Coinbase, reflecting a more crypto-friendly stance. This change has fueled optimism regarding the approval of new crypto investment products, including altcoin ETFs like XRP, Litecoin, Hedera and a Dogecoin ETF. Consequently, analysts suggest that if an ETF receives approval, Dogecoin price could see a substantial increase.

Technical Indicators Suggest a Bullish Outlook

Chart analysis indicates that Dogecoin price may be preparing for a breakout. A falling wedge pattern has formed on the four-hour chart, and DOGE has broken out of this formation. This pattern is typically seen as a bullish signal, suggesting further price gains.

Key indicators also point toward potential upside movement. The Average Directional Index (ADX) stands at 27.95, indicating that a trend is forming. Meanwhile, the Relative Strength Index (RSI) has risen to 43.67, recovering from oversold conditions. If RSI crosses above 50, it could confirm bullish momentum for Dogecoin price.

DOGE/USD 4hr price chart (TradingView)DOGE/USD 4hr price chart (TradingView)
DOGE/USD 4hr price chart (TradingView)

Traders are watching key support and resistance levels. The support level is around $0.23, while resistance sits at $0.26 and $0.30. A move above these levels could signal further gains for Dogecoin price.

Analysts Predict DOGE Price Could Reach $3 to $5

Several analysts like Javon Marks are forecasting major price increases for Dogecoin in the current market cycle. Concurrently, Basic Trading has identified $0.2, $0.5, and $5 as key price levels, noting that Dogecoin price is in an upward trend despite recent corrections. The analyst pointed out that DOGE has followed a historical pattern of large percentage gains in previous bull cycles.

Crypto analyst Ali Martinez has also projected a bullish scenario for Dogecoin price. He highlighted that if the support range between $0.16 and $0.19 holds, DOGE could rally to $3. Similarly, analyst Trader Tardigrade stated that Dogecoin’s macro chart is showing a similar pattern to the 2017 cycle, which could result in a surge toward $1.7.

Other analysts have set even higher price targets. Dima Potts suggested that Dogecoin price could reach $10 if it mirrors past bull market trends. Some traders believe that DOGE’s historical price movements indicate a strong possibility of surpassing previous all-time highs.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Reasons Why Bitcoin, ETH, XRP, DOGE, SHIB Are Falling

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The crypto market witnessed a selloff as bullish sentiment regarding Donald Trump’s inauguration faded. The global market cap tumbled over 3% to $3.52 trillion, with trading volume tanking 25% over the last 24 hours. The top crypto Bitcoin fell more than 3% to $102K as trading volume declined three-fold today as compared to Trump’s inauguration on Monday.

Ethereum price also fell 3%, continuing the weak sentiment seen last week. Meanwhile, XRP, Solana and other top altcoins mainly saw a 2-5% drop in the last 24 hours. Meme coin Dogecoin and Shiba Inu tumbled amid selloff by whales.

4 Reasons Why Bitcoin, Ethereum, and Altcoins Tumbled

1. Market Sentiments and Liquidations Triggered Crypto Market Selloff

Coinglass data revealed $250 million in crypto liquidations, with $153 million in liquidations occurring in the last 12 hours. Over 107K traders were liquidated in the past 24 hours, with the largest single liquidation order of BTCUSDT valued at $5.93 million on crypto exchange OKX.

BTC, SOL, ETH, DOGE, TRUMP, and XRP saw massive liquidations, which triggered selloff in the broader crypto market.

crypto market selloffcrypto market selloff
Source: Coinglass

The crypto market selloff was triggered as Trump didn’t mention crypto or Bitcoin in his speech, which faded positive sentiment. Also, the industry participants were awaiting an executive order on strategic Bitcoin reserves or crypto policy. However, the US SEC announced the Crypto Task Force led by Commissioner Hester Peirce to develop a clear regulatory framework for crypto assets.

Bank of Japan’s Interest Rate Hike Decision

The Bank of Japan expects to raise interest rates this Friday to the highest in 18 years, Bloomberg reported on January 23. A 25 bps rate hike to 0.5% by the BOJ would trigger Yen carry trade unwind, risking global liquidity and risk assets such as BTC.

The crypto market can see further selloff as the BOJ rate hike will wipe out optimism around “Trump trade” and meme coins launched by the Trump family. BTC saw sudden drops during the rate hikes by the BOJ last year.

US Fed Interest Rate Decision

The US Federal Reserve’s monetary policy decision and Jerome Powell’s comments will be the key for markets this year. The recent inflation and strong jobs market data have taken Fed rate cut odds off the table at this FOMC Meeting.

CME FedWatch tool indicates there is a 99.5% probability of the Fed keeping interest rate unchanged at 4.25%-4.50% during the January 29 meeting.

Meanwhile, the US dollar index (DXY) has again started climbing toward 109, with a 0.22% to 108.38 today. Also, the 10-year Treasury yield stays near 4.6% amid volatility due to the Trump tariff and other policy decisions. Typically, Bitcoin price moves in the opposite direction to DXY and Treasury yield.

Crypto Market Selloff: Bitcoin and Ethereum Options Expiry

As per Deribit, 29K BTC options of notional value $3 billion are set to expire, with a put-call ratio of 0.48. The max pain point is $99,000, indicating a high of another dropdown below $100K. Volatile price movements are always expected during options expiry.

Bitcoin optionsBitcoin options
Source: Deribit

BTC price currently trading at $102,467, down 3% from the 24-hour high of $105,557.

 

Moreover, 169K ETH options of notional value of almost $0.5 billion are set to expire, with a put-call ratio of 0.47. The max pain point is $3,300, which is higher than the current price of $3,220. Traders must keep an eye on drastic changes in trading volumes for further fall in ETH prices.

Ethereum optionsEthereum options

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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