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DOGE Token Surges 5.53% as Elon Musk’s America Party Announcement Fuels Market Momentum
In the past 24 hours, DOGEUSDT experienced a notable price increase of 5.53%, rising from 0.16414 to 0.17322 USDT according to Binance data. This volatility appears to be primarily driven by heightened social media attention following Elon Musk's announcement of the America Party, which has historically influenced Dogecoin sentiment and trading activity. Despite the absence of new protocol updates or partnerships, investor confidence remains strong, as evidenced by significant open interest and continued accumulation of DOGE. Technical analysis indicates that Dogecoin is maintaining support above the $0.16 level, with both bullish and bearish signals present in the market. Currently, Dogecoin is trading at 0.17322 USDT with a circulating supply of approximately 150 billion DOGE and a market capitalization near $25 billion, ranking it among the top cryptocurrencies by market cap. Trading volume has shown significant fluctuations, reflecting active participation and ongoing market interest.
Extending the suspension of tariffs until August 1 does not signal a final solution or a de-escalation, but rather a postponement of an important economic decision. This creates ambiguity and uncertainty in the market, which in turn affects investor behavior. For the cryptocurrency market, cryptocurrencies are not expected to be a safe haven in this situation, as crypto is not considered a reliable hedge against major economic crises. If the crisis escalates and tariffs are actually imposed, investors will primarily seek safe assets, while cryptocurrencies may experience a decline due to the tensions. Therefore, in this context, cryptocurrencies will not be a safe haven, but rather will be more vulnerable to volatility due to the tariffs and their impact.
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Invest wisely, don't risk more than you can afford to lose.
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FLOKI Token Jumps 13% After Valhalla Game Launch and 11,000 NFTs Minted on opBNB
FLOKIUSDT has surged by 13.17% in the last 24 hours, with the current price at $0.00008466 on Binance. This price increase is primarily attributed to the successful launch of the Valhalla blockchain game on opBNB, which saw over 11,000 NFTs minted within the first day, as well as new partnerships with PlayToEarn and Method that have strengthened ecosystem engagement. The renewed bullish momentum follows a period of consolidation, with technical indicators such as a rising RSI and positive Chaikin Money Flow suggesting improved investor sentiment and capital inflows.
Market activity has intensified, reflected in a significant uptick in trading volume and a market capitalization now around $808.55 million, with the 24-hour price range spanning from $0.00007300 to $0.00008733. The strong performance is supported by both ecosystem developments and increased trading activity, though some market indicators still reflect mixed sentiment amid ongoing volatility.