$DOGE coin whales are awake | Mujtaba Mughal on Binance Square

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$DOGE coin whales are awake 

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#OnChainLendingSurge XRP price preps for 'powerful move' above $2.90 as sentiment metrics signal optimism XRP (XRP) has followed the broader crypto market trend by selling off sharply, but the altcoin still holds the bulk of its 300% gains, which it accumulated in the last part of 2024. The altcoin managed to avoid a deeper correction between Jan. 7 and Jan. 9, as it continues to consolidate near its descending trendline, eyeing a potential breakout above the key resistance range between $2.50 and $2.60. From a technical perspective, XRP has converged within trendlines over the past few weeks, with the price maintaining a position above the 200-day EMA level. With a potential breakout above the descending trendline, the altcoin will likely attempt to clear liquidity levels around $2.42 and $2.50, which may fuel a rally toward a new all-time high above $2.90.

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#CryptoMarketDip The causes of the crypto market crash The primary cause of this crash is certainly the possible burst of a mini-bubble. However, it must be said that not many analysts claim that November and December were a true mini-bubble. It is necessary to specify that mini-bubbles are not true speculative bubbles, both because they last very little and because they have no significant impact on the medium to long-term trend. But there’s more. One of the key factors that characterized the trend of the markets yesterday, also highlighted by the poor performance of the USA stock exchanges, is the drainage of capital by the USA bonds. In other words, there was a flight of capital from risk-on assets to government bonds. The thing had been somehow announced the day before by an increase in the MOVE index (U.S. Bond Market Option Volatility Estimate). The other factor that has negatively impacted the crypto market, currently dominated by Bitcoin, is the Dollar Index, still decidedly very high, and even on the rise

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#BitcoinHashRateSurge Poilievre has promised to make Canada the “Blockchain capital of the world” if he becomes Prime Minister, while also rejecting a China-style crackdown on crypto, and ensuring a regulatory framework to encourage blockchain companies to operate across Canada. Trudeau has openly ridiculed Poilievre’s support for cryptocurrencies, arguing that investing in such volatile assets is not responsible and could lead to the destruction of people’s savings. Poilievre, on the other hand, believes that cryptocurrencies offer an alternative to the current financial system and the ability to opt out of inflation. He has also stated that he would end the proposed Canadian Central Bank Digital Currency. Poilievre’s financial disclosures have shown that he has holdings in a Canadian-based Bitcoin exchange-traded fund.

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$DOGE $BTC Both Dogecoin and Bitcoin have also demonstrated similarities in terms of price action. The observed correlation over the last few months was mostly because DOGE has been mimicking BTC’s price movements. Prices of the two assets did not necessarily move in tandem consistently but peaks and troughs were similar for the most part.

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#CryptoReboundStrategy From today the creator rewards center started working again. Ripple’s XRP Flips USDT to Become Third Largest Crypto Asset:

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