Cryptocurrency

Analysis of Dogecoin Price Trend

Sunday. November 24 at 4:00 AM

1 min. read

The Dogecoin price has been consolidating since November 12, forming a high tight flag pattern, a bullish signal indicating a potential significant upward movement. Trader Tardigrade highlighted this pattern on the daily candlestick timeframe, suggesting a possible surge in price. The emergence of this pattern implies a likely rise to $1, with further targets of $5 to $10 speculated due to strong momentum and market enthusiasm. The high tight flag, a rare bullish case of the bull flag, follows strict criteria of a sharp price increase and limited consolidation. Dogecoin's current price at $0.3926 shows a 1.88% gain, with potential gains of 155%, 1,170%, and 2,440% if it reaches targets of $1, $5, and $10, respectively.

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Advocacy for Crypto Regulation in the US

Sunday. November 24 at 8:00 AM

The Blockchain Association, a crypto advocacy group, has contacted US President-elect Donald Trump and the new US Congress to discuss creating a favorable regulatory environment for the digital asset industry. Despite Trump's initial support for the crypto space, the Association has proposed five key steps for the new administration to support the industry within the first 100 days. These steps include establishing a crypto regulatory framework, ending the debanking of digital assets, appointing new leadership at the SEC, Treasury Department, and IRS, and forming a crypto advisory council. The Association aims to foster innovation, protect consumers, and prevent the migration of projects to other countries due to unfavorable regulations. Additionally, the industry's market cap has reached $3.28 trillion, with Bitcoin leading at 58.7% dominance and nearing a $100,000 price mark after a sustained rally since October.

Cryptocurrency

XRP Price Prediction: Analysts Forecast $28 Target

Sunday. November 24 at 7:00 AM

Crypto analyst Behdark has predicted that the XRP price could potentially reach $28 based on his Elliot Wave theory analysis. According to Behdark, the XRP price may hit double digits by 2026, with an initial target of $15 before potentially rallying to $28. Behdark highlighted that the current XRP price action suggests a running triangle pattern, with wave D possibly aiming for the all-time high of $3.84 before a correction in wave E. The analyst emphasized the importance of identifying patterns for positioning in anticipation of significant price movements. Another analyst, Dark Defender, also shared a similar analysis, projecting a potential rally to $18 as early as mid-2025. Both analysts believe in the possibility of XRP reaching double-digit prices, although the exact timing may vary. As of now, XRP is trading at $1.55, showing a 10% increase in the last 24 hours.

Cryptocurrency

Scottie Pippen's Dream Prediction of Bitcoin Price

Sunday. November 24 at 5:00 AM

NBA legend Scottie Pippen claimed that Bitcoin creator Satoshi Nakamoto communicated with him in a dream, predicting a price of $84,650 by November 5, 2024. Pippen shared this revelation during an interview at the Cantor Crytpo conference, where he also mentioned meeting Satoshi in person in 1993. Despite not buying more Bitcoin after the dream, Pippen felt he had made a significant prediction. The cryptocurrency surged to over $93,000 following a boost from Trump's support. Pippen highlighted the importance of understanding blockchain technology and the volatile nature of the crypto market. His experience with Bitcoin began in 2020 when he started learning about it at around $33,000 per coin. The industry's future under a Trump presidency and the need for education and readiness in the crypto space were also discussed during the interview.

Cryptocurrency