Tag: Dogecoin

Dogecoin Whales Snap Up 140M DOGE, Could a 30% Pump Be Next?

Dogecoin is abuzz once more, courtesy of “whales” that snapped up as many as 140 million DOGE tokens within just 24 hours. The splurge has thus lit a beaming ray of hope among traders and fans, with murmurs that as high as 30% can be seen pretty soon.

On-chain data, according to crypto analyst Ali Martinez, demonstrates this set of whales is not testing the water but has thrown themselves head on, stirring action into excitement in the market. In this wake of accumulation surge, Elon Musk readies his planned launch, the X Money payment system on his platform, X. Reportedly, these payments systems might support both DOGE and Bitcoin besides stablecoin, USDT:

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Although Musk himself has not announced anything on the official role of Dogecoin, mere speculation seems to get the DOGE community going. Add to that a steady price bump of 2% to $0.3861, and things are heating up pretty fast.

While the rally of the last five months was impressive at 365%, DOGE is still highly undervalued, an analysis by CoinGape points out. With the technical indicators leaning biasedly bullish and whales continuing to go on their shopping spree, analysts believe a rally of as high as 30% upward is very much plausible.

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It’s getting exciting in the Dogecoin camp because hype and hope are building.

200M Dogecoin Mysteriously Moved to Binance

Binance received 200M Dogecoin ($59.9M) from an unidentified wallet. This sparked conjecture on possible trades or liquidity preparation. Following initial losses, Dogecoin recovered 13% to $0.323, in line with the market's recovery. With more than 6.6 million holdings this year, DOGE may increase to $0.48 or fall to $0.23 despite strong resistance at $0.36.

The Dogecoin community is lit after 200 million DOGE (worth $59.9M) got transferred from a mystery wallet straight to Binance. Nobody knows who’s behind this massive move, but the rumor mill is spinning. Is it a whale looking to trade big or Binance prepping for more liquidity? The real reason is still up in the air.

DOGE’s price has been on a rollercoaster lately. After a dip below its 50-day SMA of $0.36 earlier this week, it bounced back hard—jumping 13% in the last 24 hours to hit $0.323. The rebound came after hitting a low of $0.262 on Friday and reaching an intraday high of $0.35 on Saturday.

Looking ahead, DOGE could face resistance at $0.36, but if it breaks through, we’re eyeing $0.42 or even $0.48. On the flip side, if it slides, it might drop to $0.23.

Meanwhile, the DOGE fam keeps growing, with over 6.6M wallets holding the meme coin in 2024. With a 400% jump in market cap for meme coins this year, Dogecoin is showing it’s more than just a joke—it’s here to stay.

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Dogecoin Hack: What’s the Real Tea?

Summary: Dogecoin faced a hiccup when a hacker exploited a known bug called “DogeReaper,” taking down a chunk of the network’s nodes. But don’t freak out—it only affected outdated versions, and most nodes are back online now.

What Went Down?

Here’s what went down: Dogecoin’s network got hit with a vulnerability called “DogeReaper,” knocking 442 of its 647 active nodes offline. Sounds intense, right? But here’s the good news—it only hit outdated versions. Updated nodes stayed chill, keeping the network stable and decentralized.

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DogeUni, a trusted community handle, tweeted, “The latest Dogecoin versions remain unaffected, ensuring the network’s decentralization and stability are intact.” In short: it’s not the end of the world for DOGE fans.

Why Are People Talking About It?

This vulnerability isn’t new. Developer Tobias Ruck flagged it ages ago and got a measly $200 bounty for his trouble. Fast forward to now, and it’s been exploited. Naturally, some in the Dogecoin fam are a little on edge, wondering if this means trouble for DOGE’s future.

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One crypto news handle said, “It’s not that deep, but seeing this on major news sites might make you sweat. DOGE still reigns as the top memecoin.” TL;DR: Dogecoin is fine, but this was a wake-up call to keep software updated.

Stay calm, HODL on, and update your nodes, folks. DOGE ain’t going anywhere.

Steller, Dogecoin, Cardano Shine as Crypto Market Hits $3.5 Trillion

Summary: Everybody following any kind of crypto news probably knows by now that, the cryptocurrency market has reached an all time high of $3.49 trillion with an increase of astonishing 11.5% this week. In this huge surge there are some crypto which led the rally with significant gains and they are Stellar, Dogecoin and Cardano.

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Stellar’s 190% Rally

Stellar hadn’t reached new heights since 40 months, but during this rally Stellar soared 190% making its valuation to $0.4436. This is speculated to have happened because of the Federal Reserve’s mention of its potential use in FedNow Payment system. There are many who still believe the rally hasn’t stopped for XLM and could potentially reach $5. which is a 1030% increase from its current level.

Dogecoin Peaks at $0.48

Dogecoin showed absolute potential as it ran on this crypto surge and gained 239% in just past month and rose to a yearly high of $0.48. Analysts still haven’t stop predicting that DOGE will hit $1.25 causing overbought which might cause a sudden pullback.

Cardano Breaks $1

Like Stellar and Dogecoin, Cardano (ADA) also reclaimed what was once lost and hit $1, it also had significant growth of 43.7% just this week taking it upto $1.08. Analysts show how Whale activity drove and led this rally causing a net inflows to surge to 220%, not only that but trading volume also skyrocketed by 86% reaching to $8.1 billion.

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The strong performance of these altcoins highlights growing investor confidence as the crypto market enters record-breaking territory.

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