$DOGS is a promising altcoin priced below $1. After launching in April 2024, the coin quickly gained popularity, partly due to a well-executed airdrop. Over 75,000 Runestone Ordinal NFT owners received 100 billion DOGS tokens, increasing its visibility.
Although DOGS has seen fluctuations in the market, technical indicators signal potential growth. Some analysts believe that the price of this altcoin could rise to $0.0563 by 2030.
$DOGS 500% Increase in Holders in Just Two Weeks Just a few days after its airdrop, DOGS has taken the crypto world by storm, taking third place by holder count. It has surpassed Ethereum and USDT in the number of unique wallets on the TON blockchain in just two weeks. The sheer popularity of the community is demonstrated by this astonishing growth, which shows a 500% increase in holder count in a short period of time. Due to the popularity of the DOGS airdrop, the TON network experienced its longest downtime of six hours ever due to a surge of users. Valued at $523 million and trading at $0.00978, DOGS demonstrates tenacity in an industry where well-established projects often hold a monopoly. Its breakout from a falling wedge pattern indicates an imminent bull run; analysts predict a possible rise to $0.001108. With its playful nature and active community engagement, DOGS is a unique meme coin with significant development potential that will diversify your investment portfolio.
Arthur Hayes Explains Why Fed Rate Cuts Aren’t Helping Bitcoin
NEW: Reverse repurchase agreements (repos) are diverting funds away from riskier assets like#Bitcoinbecause of their high interest rates.
Here’s why the Fed’s suggestion of a rate cut didn’t boost Bitcoin prices, according to former BitMEX CEO Arthur Hayes. $BTC The flow of money has shifted from treasuries to higher-yielding reverse repositories, according to the former head of BitMEX. Arthur Hayes, co-founder and former CEO of BitMEX, has shared his theory on why interest rate cuts by the United States Federal Reserve may not have much of an impact on Bitcoin prices.
🚨 Breaking News: Russia warns France: ‘Don’t try to intimidate Telegram founder’ The Russian government warned France on Tuesday 27th not to try to “intimidate” Telegram founder Pavel Durov. The billionaire was detained in Paris for allegedly failing to take measures to prevent the criminal use of the messaging platform. “The charges are very serious and require equally strong evidence. Otherwise, it would be a direct attempt to restrict freedom of communication (…) and even to directly intimidate the director of a large company,” said Kremlin spokesman Dmitry Peskov. Durov, a Franco-Russian who has lived in Dubai in recent years, was arrested late Saturday upon arriving at Le Bourget airport, on the outskirts of Paris, from Baku, the capital of Azerbaijan.
Bitcoin (BTC) confirms correction: what is the forecast for today?
Bitcoin $BTC is correcting its upward movement recorded last weekend. Where will the asset form a bottom?
With this, BTC is currently trading at US$ 62,420, with a drop of 2.3% in the last 24 hours, according to CoinGecko. Check out what could come next for the asset below.
Bitcoin seeks confirmation of the breakout Bitcoin has been on the rise since it managed to break out of a symmetrical triangle pattern last Friday (23). With this, the asset formed a top above US$ 65,000, its highest value since August 1.
It entered a correction after a brief consolidation (yellow rectangle). The correction itself is confirmed by three factors. First, BTC fell below its last bottom, at US$ 63,500. Furthermore, the Relative Strength Index (RSI) on the 4-hour chart has fallen below the neutral line of 50, indicating that buyers have lost control of the market. Finally, the 9-period exponential moving average (EMA) (blue) is in the process of crossing below the 21-period EMA (orange). In this case, everything suggests that the price will continue to fall to the resistance line of the triangle, currently at US$ 60,900. It is worth remembering that this movement, despite being downward, is seen as something natural and even healthy for a long-term trend. If the resistance line of the pattern is confirmed as a new support, it would show that BTC can seek new higher highs. On the other hand, returning to trading within the triangle would be a strong bearish signal. In this scenario, Bitcoin could retest its support line, which is close to US$ 58,000.
🔄 Polygon Announces Transition from MATIC to POL Starting September 4th.
$MATIC Polygon is detailing the transition process from the#MATICtoken to the new#POLtoken, scheduled to occur in September 2024. The goal of this change is to increase network efficiency and improve governance, providing a more self-sustainable system for the growth of#Polygonas an aggregated network of #blockchains. The new POL token will be multipurpose, supporting staking, governance, and fee payments on the Polygon network. It is designed to be more scalable and sustainable compared to MATIC.