According to the scribes at CoinGlass, in but a single day, the open interest in SHIB has perked up by 8.9%, as if the coin itself were stretching after a long nap, ready to bound forth once more.
#Dogecoin $DOGE is hotter than a jalapeño in a sauna! On-chain data from @santimentfeed shows that active addresses skyrocketed 400% to nearly 395,000.
Now, let’s not beat about the bush. Ethereum has been on a rather dismal downtrend for the past three months, shedding more than 50% of its market value like a dog shedding fur in spring. From a lofty $4,061 on December 16, it has plummeted to a mere $1,900, which is about as pleasant as a cold shower on a winter morning.
In the last 24 hours, our beloved meme coin has lost its grip on the $0.17 support level, like a dog chasing its tail but never quite catching it! 🐕💨 The market is in a downward spiral, and Dogecoin is right there, struggling to regain its footing like a clumsy waiter at a fancy restaurant.
Now, here’s the kicker: Bitcoin (BTC) is like a secret handshake you do with your mind, whereas gold (XAU) is like lugging around a heavy suitcase. You carry gold, you own it. You remember Bitcoin’s secret code, and voilà, you’re the proud owner of digital bling.
Now, if we take a gander at the Ethereum price chart against its top competitors, like Bitcoin and XRP, it’s clear that ETH is in a bit of a pickle. The altcoin has breached the lower trendline of the symmetrical triangle pattern on the ETH/BTC and ETH/XRP charts. And let me tell you, that’s not a good sign! 😬
After a 13% rally, MSTR is now at $297.49, and it’s looking like a phoenix rising from the ashes! 🔥 The 5-day timeframe is showing a significant uptrend, and investors are feeling as confident as a cat in a room full of rocking chairs! Analysts are practically drooling over the prospect of a further rally!
Market analysts, those ever-hopeful seers, are whispering sweet nothings of a Dogecoin price rally that could reach the lofty heights of $6! The bulls, those gallant beasts, are taking charge, bouncing back from the support of $6. Our esteemed analyst, Ali Martinez, has laid bare the price movements of Dogecoin from 2015 to the dawn of 2025, as if it were a grand play unfolding before our very eyes.
Market-wide sentiments of unchanged interest rates are soaring higher than a kite on a windy day, igniting wild speculations among investors. According to the latest CME FedWatch Tool data, the upcoming FOMC meeting in 2025 is likely to keep the interest rates as they were in January. There’s a whopping 98% chance that the U.S. Fed will stick with a 4.25% to 4.5% interest rate, as per the ever-reliable CME data. Who knew numbers could be so comforting?
Noteworthy is the partnership betwixt the esteemed Polygon Labs, an enterprise of Indian origin, and the venerable Reliance Industries. This union has garnered considerable attention this year, particularly with the advent of Jio Coins upon the Jio Sphere Browser—a veritable milestone in the ever-expanding landscape of India’s Web3 endeavors. Furthermore, in a move that could only be described as groundbreaking, the quaint town of Dantewada has successfully migrated over 700,000 land records to the Avalanche blockchain, thus further exemplifying India’s enthusiastic adoption of this modern marvel. 🏰