After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum. Traders Short DOGE Amidst Dogecoin Price Crash The Dogecoin price has crashed again, losing more than 25% of its value […]

Bitcoin has always been the gold standard of crypto-currencies. As the first decentralized digital currency, Bitcoin attracted attention the world over, and became known for its use on darknet websites and in gambling. In 2013, when Bitcoin was experiencing its first wave of mainstream attention, another cryptocurrency. Dogecoin, rode on Satoshi Nakamoto’s invention’s coattails. Dogecoin quickly became one of the most popular digital currencies, but, after a price crash, the market cooled. In early 2016, Dogecoin increased 600% after two years of sideways price action. It turns out, the....

Last week, Dogecoin exploded with an 800% intraday move. On-chain data looking closely at daily active addresses, however, suggests that the pump and dump was almost entirely driven by Robinhood buyers. Here’s what this means for both sides of the coin. Dogecoin Reignites Retail Interest in Crypto After 800% Rally Dogecoin’s recent rally lived up […]

Dogecoin rallied by more than 85%, suggesting Wall Street Bet’s crypto wing may have decided that they weren’t done with DOGE yet. After gaining the spotlight due to a 980% pump on Jan. 28, Dogecoin (DOGE) briefly entered the top 10 ranking by market capitalization for the first time since 2015. Once the massive pump lost momentum and traders quickly took profits, it seemed that investors would move on past the meme-based cryptocurrency and find something else to invest in. The pump initially started when exchanges prevented retail traders from buying more GameStop and AMC stock on Jan.....

Dogecoin is beginning to regain momentum after a sharp drop in the early hours of January 3, a move that liquidated many traders who had been betting on continued upside. This decline wasn’t just another pullback, as it marked the most significant Dogecoin price drop in six months. As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery gains traction will largely depend on Bitcoin’s next move, as broader market....