Dogecoin (DOGE)
Key Altcoin Breakouts of the Week
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3 hours agoon
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adminThis week signified a significant achievement in the history of cryptocurrency. Bitcoin price reached a new all-time high $93,434.36 on November 13, boosting the global crypto market value to $3.11 trillion, exceeding the GDP of Italy, Canada, and Brazil. The excitement spread to other cryptocurrencies besides Bitcoin, as U.S. Bitcoin ETFs experienced record-breaking $5 billion in trading volume, with BlackRock’s ETF accounting for $3 billion of that total. During this period of strong positive momentum, some altcoins showcased impressive results, indicating they could significantly impact the market. This article focuses on Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and a newcomer, Minotaurus (MTAUR). They are attracting the market’s interest as best cryptos to buy in this bull run.
Altcoins Surging in the Bull Run
1. Dogecoin (DOGE): Meme King Roars at the Bull Run
Dogecoin reclaimed its spotlight with an explosive 90% surge this week. The rally propelled DOGE price to $0.44 before correcting slightly to $0.3747 , with resistance currently set at $0.4. If buyers maintain their momentum, the next targets are $0.5 and potentially the all-time high of $0.74.
DOGE’s resurgence underscores the enduring appeal of meme coins, particularly as market participants shift their focus toward this category during the bull run.
2. Cardano (ADA): Steady Climb Towards $1
Cardano continued its November rally, closing the week with a robust 74.26% increase. ADA has been trading just shy of the $0.6 resistance, but seems to have challenged this level. The breakout has paved way for $0.7677, a value last seen in eight months ago.
Though trading volume has slightly tapered off, ADA’s bullish sentiment remains intact. The cryptocurrency’s long-term potential is underlined by its all-time high of $3.10, positioning it as one of the potential altcoins to buy in this bull run.
3. Minotaurus (MTAUR): The Rising Star of Blockchain Gaming
Moving on, Minotaurus (MTAUR) is turning heads with its innovative approach to blockchain gaming. Having surpassed the 100,000 USDT presale milestone, MTAUR is priced at 0.00005982 USDT—offering a 70% markdown from its expected listing price of 0.00020 USDT. Early participants have already seen significant growth, and with its in-game utility, the token stands out among other gaming tokens
MTAUR powers key game features, including avatar customization, special zones, and power-ups. Designed for sustainability, the project incorporates a robust tokenomics structure featuring a cliff and vesting system. Its appeal lies in its simplicity and strategic gameplay, capturing attention in the $15 billion casual gaming market.
The token’s smart contract audits by SolidProof and Coinsult provide additional confidence, while community-centric incentives like referral programs bolster engagement. With its presale momentum and a growing fanbase, Minotaurus is one to keep on your radar this bull run.
4. Sui (SUI): Breaking Records
Sui entered uncharted territory this week, surging 69.03% to hit an all-time high of $3.91. This breakout propelled SUI into price discovery mode, a rare and bullish event.
Buyers are eyeing targets of $4.1 and $5.2 for SUI rice. Support remains robust around $3, ensuring a strong base for future rallies. As one of the few altcoins to set new records this cycle, SUI has cemented itself as a standout performer.
5. Ripple (XRP): Testing the $1 Waters
Ripple is not left out of the bull run, as it has had an extremely impressive trajectory this week. XRP price is having crossed the $1 mark, with a 89.4% surge. After surpassing important resistance points, the currency is currently stabilizing around $1.05.
The Ripple token has overcome the $1 milestone challenge it last reached in 2021. This successful breach may lead to reaching even higher levels, potentially returning to the $2 range. Amid increasing positivity and acceleration, XRP remains a symbol of resilience in the current bullish market.
6. Shiba Inu (SHIB): Momentum Builds for the Dogecoin Rival
Shiba Inu imitated DOGE’s positive trend and achieved a 29% increase in value over the course of one week. SHIB is currently stabilizing around $0.000025 following a quick increase, with a floor at about $0.000025.. If the resistance is breached, the subsequent goals are $0.000030 and $0.000045, levels similar to those seen eight months ago.
An impressive rise in trading activity reinforces SHIB’s positive outlook, positioning it as one of the most popular meme coins to buy.
Final Thoughts: A Bull Run for the Ages
The cryptocurrency market is driven by Bitcoin’s impressive growth and a surge of altcoin successes. Ripple, Cardano, Dogecoin, Shiba Inu, Sui, and Minotaurus showcase the variety and potential available in the current market phase. With the global market cap reaching record levels and increased institutional interest, altcoins are in the spotlight. These tokens are leading the way towards a potentially bull run year in cryptocurrency. You may want to see top crypto performers of the week.
Frequently Asked Questions (FAQs)
The recent surge in Bitcoin’s price, reaching an all-time high, has fueled optimism in the broader crypto market, leading to impressive breakouts in altcoins like Ripple, Cardano, and Dogecoin.
Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and SUI have all experienced significant price movements, with Ripple nearing $1 and Dogecoin up by 90% in the past week.
Minotaurus is a new blockchain game token with strong fundamentals and exciting in-game utility. Its presale has seen a 70% reduction from its listing price, attracting growing interest from the crypto community.
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 to Hit $4 As Elon Musk Says “D.O.G.E. Has Real Potential”
Published
1 day agoon
November 16, 2024By
adminAmerican billionaire Elon Musk’s statement Saturday caused a stir across the broader crypto market. Dogecoin saw a spike in bullish sentiment spike as Musk said, “Starting to feel like The DOGE has real potential” on Department of Government Efficiency (D.O.G.E). However, DOGE price continues to move sideways after it rallied more than 200% in a month.
Elon Musk Sparks Dogecoin Optimism With D.O.G.E Post
In an official X post on November 16, Elon Musk sparked substantial market discussions with his optimistic sentiment for the Department of Government Efficiency. Notably, following the Tesla & SpaceX lead’s appointment as the head of the mentioned the government department alongside V. Ramaswamy, this statement did not come as a surprise to the nationwide masses.
The Department of Government Efficiency stands to bring a major reform in the United States government, per the body’s X handle. Meanwhile, it’s noteworthy that Musk’s appointment as the entity’s head comes in the aftermath of the re-election of Republican Donald Trump as the 47th president of the U.S.
Overall, the announcement gained significant traction across the industry as Musk has previously strongly advocated Dogecoin, bringing attention to the government department named after it. In turn, the top dog-themed meme coin garnered significant attention in light of the statement, followed by another unprecedented optimistic development.
The Dogecoin lawsuit against Elon Musk was recently withdrawn by investors, adding to market optimism on the meme token. For context, the lawsuit alleged that the Tesla and SpaceX lead manipulated the meme coin’s price for personal gains. Nevertheless, with the odds tilting in favor of the billionaire, recent developments weigh considerable optimism on the meme token’s price movements.
DOGE Price Jumps
DOGE price witnessed gains worth 2% in the past 24 hours and is now trading at $0.3788. The coin’s 24-hour low and high were $0.3545 and $0.3899, respectively. Intriguingly, the coin’s rising movement amid Musk’s statements has sparked substantial investor curiosity. Moreover, weekly gains for the token totaled 80%, underscoring a bull run.
Simultaneously, Coinglass data showed that the coin’s futures OI soared 11% intraday to reach $3.02 billion. It signals increased investor interest in the Dogecoin amid a bullish crypto market. Overall, market watchers continue to extensively eye the token anticipating future gains.
Moreover, popular crypto market expert Ali Martinez predicted Dogecoin price can hit $4. The bold forecast came on historical trends and bullish momentum in the crypto market triggered by Donald Trump and Musk.
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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BTC Hits $93K, WIF Rally, PNUT Up 133%
Published
3 days agoon
November 14, 2024By
adminCryptocurrency prices today continue to spark significant discussions among market traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories. Besides, the newly listed meme coin Peanut the Squirrel (PNUT) emerged as the day’s top gainer, alongside dogwifhat (WIF) rally.
As a result, the global crypto market cap jumped 3% to $2.98 trillion over the last day. However, the total market volume fell, slipping nearly 3.5% to $308.42 billion. Here’s a closer look into some of the most renowned cryptocurrencies and their price movements on November 14.
Cryptocurrency Prices Today: BTC Hits New ATH, Altcoins Jump
BTC price hit a new ATH of $93.4K, sparing market optimism globally. Meanwhile, Ethereum (ETH) appears to have tackled some turbulence. Nevertheless, SOL and XRP prices maintained a hold in the green zone amid high sentiment. Simultaneously, the meme coin sector showcased remarkable gains, adding to market optimism on prices today. Here’s a brief report on the top coins by market cap and their price action today.
Bitcoin Price Today
BTC price gained nearly 4% in the past 24 hours and is now trading near $90,000. The coin’s intraday low and high were $86,256.93 and $93,434.36, respectively. Notably, this 24-hour high also marks a new ATH for the flagship crypto. Further, Bitcoin’s market cap rested at $1.78 trillion today. Intriguingly, BTC’s market dominance saw a 0.3% increase in value to 59.78% today.
Further, Sosovalue data shows that spot BTC ETFs recorded $510.11 million in inflow. The ETFs saw sixth consecutive inflows, aligning with the coin’s rising price movement.
Meanwhile, veteran trader Peter Brandt predicted amid a bullish market that BTC price remains poised for further gains, sparking optimism on future movements.
Ethereum Price Today
ETH price chart conversely indicated a 2% leap in value and is currently trading at $3,239. The coin’s 24-hour low and high were $3,121.67 and $3,337.88, respectively. Ethereum’s market cap was evaluated as $385.58 billion today.
However, the coin faces slight turbulence despite spot ETH ETFs recording strong inflows of $146.9 million on Wednesday. Meanwhile, it’s noteworthy that Bitwise Asset Management, a crypto exchange-traded fund (ETF) issuer, recently acquired Ethereum staking service Attestant, sparking market discussions.
Solana Price Today
The crypto SOL price witnessed a remarkable 8% uptick in value and is now trading at $219. The coin’s 24-hour low and high were $201.47 and $220.34, respectively. Solana’s market cap stood at $103.35 billion today. In light of the token’s relisting on Robinhood, an optimistic market wave appears to have engulfed the crypto recently.
XRP Price Today
Simultaneously, XRP price witnessed gains worth 4% intraday and is now resting at $0.6961. The coin’s 24-hour low and high were $0.6426 and $0.7435, respectively. XRP’s market cap reached $39.59 billion today. Further, a recent XRP price analysis by CoinGape suggests that a potential rally to $1.5 looms amid a bullish crypto market.
Meme Coins Performance Today
Dogecoin (DOGE) price witnessed gains worth 8% intraday and is now trading at $0.3863. Further, even Shiba Inu (SHIB) soared 3% to $0.00002534. Meanwhile, PEPE, WIF, and BONK surged 14%-77% over the past day, solidifying investor optimism over the coins’ prices today.
Top Cryptocurrency Gainer Prices Today
Peanut The Squirrel
PNUT price soared 170% in the past 24 hours, reaching $2.20. The coin’s intraday low and high were $0.7716 and $2.47, respectively. Notably, the meme token soars phenomenally following Elon Musk’s support for Peanut the Squirrel to the crypto on X.
Pepe Coin
Simultaneously, PEPE price rocketed 77% over the past 24 hours and is now trading at $0.00002339. The coin’s 24-hour low and high were $0.00001253 and $0.00002524, respectively. The meme coin soared in tandem with its listing on Coinbase recently.
dogwifhat
WIF price upsurged 38% over the past day to reach $4.07. The coin’s 24-hour low and high were $2.89 and $4.68, respectively. Coinbase announced to list WIF token amid huge demand, sparking a rally in the token.
Top Cryptocurrency Loser Prices Today
Cronos
CRO price tanked 15% in the past 24 hours and is now sitting at $0.1526. The coin’s 24-hour low and high were $0.1519 and $0.1837, respectively.
Kaspa
KAS price cracked 6% intraday to rest at $0.1273. The coin’s 24-hour low and high were $0.1244 and $0.136, respectively.
Stellar
XLM price waned 5% over the past day to reach $0.1234. Its intraday low and high were $0.1211 and $0.133, respectively.
Besides, the hourly time frame charts indicated that BTC slipped 0.10% while ETH jumped 0.88%, sparking contrasting speculations over cryptocurrency prices today. Nevertheless, market watchers remain bullish as Q4 sees a highly optimistic market post-Trump’s win in the U.S. elections.
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 Co-Founder Reveals How To Make DOGE Deflationary
Published
4 days agoon
November 13, 2024By
adminDogecoin co-founder Billy Markus has revealed how to make DOGE deflationary. The foremost meme coin’s total supply is unlimited, as it has a fixed yearly issuance of 5 billion coins, which could ultimately impact its value over time.
Dogecoin Founder Reveals How To Make DOGE Deflationary
In an X post, Billy Markus shared the GitHub code to remove Dogecoin’s inflation. He mentioned that anyone who was looking to make DOGE deflationary could simply make a pull request and convince the community and miners to use the new version.
The top meme coin currently has a total supply of 146.78 billion DOGE. That figure is bound to grow over time since 5 billion coins come into circulation yearly through mining rewards. However, this inflation rate decreases yearly compared to the coin’s total supply.
Billy Markus’ revelation came following criticisms about Dogecoin’s ‘infinite’ supply. Interestingly, he likened DOGE to Bitcoin while defending the former’s inflationary status. Markus claimed that DOGE and BTC are the “same with very minor parameter changes.”
He made this statement because Bitcoin’s total supply can increase from 21 million if the community and miners agree. Meanwhile, Markus also noted that based on its 21 million supply, BTC will continue to witness a supply shock until 2140.
Meanwhile, in another X post, The DOGE co-founder again highlighted the community’s power in determining the meme coin’s inflationary status. He remarked that the community is literally in control and has always been since Dogecoin is an open-source proof-of-work (PoW) cryptocurrency, and miners agreed to the code.
Elon Musk Says Inflationary Status Is A Feature Not A Bug
Following Billy Markus’ revelation on how to make DOGE deflationary, Elon Musk responded that he thinks Dogecoin’s flat inflation is a feature, not a bug. Flat inflation refers to how the meme coin’s inflation percentage decreases over time.
Markus agreed that Dogecoin’s inflationary status is ideal since it is intended to be used as a currency. He added that this meme coin’s inflation status is steady and predictable, with a percentage that goes down over time. He suggested that this makes DOGE better than the Dollar as a currency since its inflation rate is much lower.
Musk’s statement comes after Donald Trump appointed him to lead the Department of Government Efficiency (D.O.G.E). It is worth mentioning that the world’s richest man coined the department’s name. The similarity between D.O.G.E and DOGE is believed to be deliberate since Musk is known for indirectly shilling the foremost meme coin.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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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