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Dogecoin

Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump

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Multiple valuable meme coins set new all-time high prices on Friday and Saturday after others did so earlier this week, as the broader post-election crypto market spike—and particularly the resurgence of original meme coin Dogecoin—drove demand for the volatile assets.

Bonk (BONK), the second-largest Solana meme coin by market cap, hit a new high of $0.000047 on Friday, breaking a record from May—and then pushed even higher on Saturday, jumping to a new all-time mark above $0.000049. It’s currently up 120% over the last week, per data from CoinGecko.

The pump came after the project launched a campaign to burn up to 1 trillion BONK—over $39 million worth at present—by Christmas Day based on various engagement criteria, prompting fans and community members to complete social media tasks. Burning tokens shrinks the token supply, boosting scarcity and potentially increasing the price as a result.

Other major meme coins similarly hit high marks on Friday without such schemes, however. Brett (BRETT), a meme coin on Ethereum layer-2 network Base, peaked at a new high above $0.19 late Friday, while Mog Coin (MOG) jumped to a new record price of $0.0000029.

A couple more recent meme coin sensations also hit new highs, such as Goatseus Maximum (GOAT)—a token conceptualized by an AI chatbot, but created by a human—which jumped to $1.30 on Saturday. And Moo Deng (MOODENG), a Solana token inspired by the baby pygmy hippopotamus that recently went viral, set a new peak price of $0.68.

Earlier this week, Pepe (PEPE), Cat in a Dog’s World (MEW), and Fwog (FWOG) all set new record prices. Other notable meme coins have gotten close to their respective records, too, such as Solana’s Dogwifhat (WIF).

The meme coin market cap comes after Dogecoin (DOGE)—the original meme coin—spiked to a three-year high price of about $0.43 earlier this week. The DOGE resurgence came amid ties to Elon Musk (as usual), who will co-lead a new government effort under President-elect Donald Trump called the Department of Government Efficiency—yes, the D.O.G.E.

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ADA

Crypto Whales Gobble Up Nearly $149,600,000 Worth of Cardano and Large-Cap Memecoin in Just Two Days: Analyst

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An on-chain analyst says deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market went sideways for the past week.

Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales accumulated $85.6 million worth of ADA in a couple of days.

“Cardano whales bought over 80 million ADA in 48 hours!”

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Source: Ali Martinez/X

At time of writing, ADA is trading for $1.07.

Martinez also says deep-pocketed investors snapped up $64 million worth of the large-cap memecoin Dogecoin (DOGE).

“Whales bought another 160 million Dogecoin DOGE in 24 hours!”

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Source: Ali Martinez/X

At time of writing, DOGE is worth $0.40.

In total, the crypto whales accumulated nearly $150 million worth of ADA and DOGE in just two days during the past week.

Turning to Bitcoin, Martinez says he’s looking at BTC‘s In/Out of the Money Around Price (IOMAP) metric. IOMAP classifies crypto addresses as either profiting, breaking even, or losing money – to determine support and resistance levels for BTC.

According to the analyst, Bitcoin has a fortress of support above $94,000 as millions of wallets accumulated millions of BTC around and above the price area.

“Bitcoin sits on top of a significant support wall between $94,300 and $100,250, where 2.25 million wallets bought over 2.18 million BTC.”

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Source: Ali Martinez/X

At time of writing, Bitcoin is trading for $101,946.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Dogecoin

Dogecoin Down 19% Since Hitting 3-Year High—Despite Bitcoin Rebound

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The crypto markets have seen intense volatility since Bitcoin broke through the $100,000 mark for the first time on December 4, with multiple plunges that have sent shockwaves that sank other assets—and piled up liquidations in the process.

But while Bitcoin has mostly rebounded from the sizable dips, Dogecoin has lost considerable steam over the last week since popping to a high of $0.48 for the first time since 2021.

At a current price just below $0.39, Dogecoin is down nearly 19% since that peak seen late on December 7. And over the last seven days, including data from the hours before that recent high, DOGE is down 15%.

That makes it the biggest loser among the top 10 cryptocurrencies by market cap, outpacing Cardano with a 13% dip during that span, and Solana with a 10% correction. Bitcoin is the only asset in the top 10 that’s green on the week, up 0.7% as of this writing at a current price of $100,995.

Looking beyond the top 10, other leading meme coins in the top 100 cryptocurrencies have posted even sharper losses over the last week.

Dogwifhat (WIF) is the biggest loser in the top 100, down 28% during that span, while Bonk (BONK) has fallen 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) has matched the DOGE dip at 15%.

Overall, the crypto market has fallen by 3% over the last 24 hours, per data from CoinGecko.

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ADA

Analyst Says Dogecoin in Early Bull Market Stage, Sees DOGE Skyrocketing to Huge Target ‘If Things Go Wild’

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A closely followed crypto trader believes that top memecoin Dogecoin (DOGE) could soar to double digits based on historical patterns.

Crypto strategist Ali Martinez tells his 97,000 followers on the social media platform X that DOGE appears to be in the phase of the cycle when it pauses before skyrocketing to new record highs.

The trader shares a chart suggesting that DOGE is mirroring its price action during the 2017 and 2021 market cycles while trading in a large ascending channel.

“Check out where we are in the Dogecoin DOGE bull cycle! Very early, right?

For that reason, I’m thankful for the dip and will buy more between $0.40-$0.30. The target remains $3, and if things go wild, $18!”

Image
Source: Ali Martinez/X

At time of writing, DOGE is trading for $0.391, down nearly 5% on the day.

Turning to the layer-1 protocol Cardano (ADA), Martinez says that the altcoin can find support at the $1 level based on the In/Out of the Money Around Price (IOMAP) metric.

IOMAP classifies crypto addresses as either profiting, breaking even, or losing money – to determine support and resistance levels for ADA. According to the metric, 41,720 addresses have accumulated over one billion ADA at $1.

Image
Source: Ali Martinez/X

Zooming out, Martinez says Cardano appears to be following its 2020 price action when it witnessed a period of retracement before soaring to fresh highs.

“Cardano is doing the same as it did in 2020, which is why I’m buying! Even if it dips down to $0.76, I’m buying more and plan to book profits between $4 and $6.”

Image
Source: Ali Martinez/X

At time of writing, ADA is trading at $1.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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