Why The DOGE Price Rally Could Foretell An Altcoin Season
The DOGE price action brings reminisces of the 2021 bull run to crypto traders and market participants. The meme coin is trending to the upside, supported by the Elon Musk Twitter takeover. The billionaire purchased the social media for over $40 billion, and the market expects Dogecoin to play a role in its future. Related Reading: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead? At the time of writing, the DOGE price stands at $0.13 for the first time since May 2022. The meme coin records a massive profit of 56% in the last 24 hours and 121% over the previous seven days. The....
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The Dogecoin (DOGE) price has had an incredible weekend. Following Elon Musk’s confirmed Twitter acquisition, the DOGE price jumped 95% over the last seven days. The memecoin exploded to over $0.14 at times and is currently sitting at about $0.11. Musk’s gigantic influence on the DOGE price is an old acquaintance for the crypto market. Over the past few years, the Tesla and SpaceX CEO kept moving the price with his statements. But since the Twitter acquisition, he has gone quiet. Musk has not mentioned Dogecoin since the deal was closed. Related Reading: Dogecoin Continues To....
Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season. This delay is […]
Crypto analyst InvestingScope has drawn market participants’ attention to a major occurrence that hints at an imminent altcoin season. The analyst also revealed how high the crypto market could reach as altcoins outperform Bitcoin during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In a TradingView post, InvestingScope revealed that altcoins have made a 1-day Golden Cross, the first since just right after the US elections. He noted that the rally that followed made new highs for these altcoins, indicating that another altcoin season may be on the horizon. The....
With granddaddy cryptos like Bitcoin and Ethereum hitting new highs, the entire altcoin and meme coin market is on the cusp of an explosive rally. Historically, every time $BTC and $ETH surge, altcoin season follows, and that’s exactly what could be unfolding right now. And if you want to eke out the maximum possible gains, […]
Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we’re not in an "alt season" just yet. Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an "altcoin season." A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin.Typically, traders rely on a wide swath of indicators and metrics, like Bitcoin’s total market capitalization versus the total altcoin market....