Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 01
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- Whales Acquire 560M Dogecoin as Price Struggles to Recover
- Jan 01, 1970 at 08:00 am Crypto News Land
- Whales, or large-scale cryptocurrency holders, have acquired a significant 560 million Dogecoin, signaling their confidence in the cryptocurrency's potential. This accumulation comes despite a recent price decline, indicating reduced selling pressure and the potential for future price growth. While the price has remained below $0.35, market analysts attribute this to broader market trends and ongoing consolidation, suggesting a potential rally if demand strengthens.
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- Dogecoin Slumps 10% Amid Bitcoin's Slide to $96K, $560M Long Positions Liquidated
- Jan 01, 1970 at 08:00 am CoinDesk
- Amidst a surge in U.S. treasury yields, Dogecoin (DOGE) has taken the lead in a downturn among major cryptocurrencies. This decline, triggered by fresh economic data, has also impacted Solana, Cardano, BNB Chain, Ethereum, and Bitcoin. Liquidations of crypto-tracked futures indicate a high level of risk, while U.S. stocks also experienced losses. Market observers view the drop as a temporary setback, citing previous bullish trends and the incoming crypto-friendly U.S. administration. However, QCP Capital warns of continued volatility in January due to structural risks, including the reinstatement of the U.S. Treasury debt ceiling.
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