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Market Analyst Highlights How Long Before Dogecoin Cracks $3

Abdulkarim Abdulwahab
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Amid the recent spectacular performance from Dogecoin, market watchers share their views on how long it will take for DOGE to break into the unit price range.

In a recent post on X, Crypto Yapper, a notable technical analyst, shared his short-term price prediction for trendy crypto assets like Dogecoin. According to Yapper, Dogecoin could reach $1 and $3 as early as six months from now, which would place the timeline around May 2025.

Currently, DOGE is worth $0.3894, up by 1% over the past day. Yesterday, Dogecoin attempted to break out of its week-long consolidation phase by re-entering the $0.40 range with a 12% surge. However, it quickly encountered resistance after reaching $0.4183 and was unable to push higher. It later dropped to $0.3778 amid the Bitcoin-induced volatility last night.

While Dogecoin’s bulls struggle to regain momentum for another massive rally like the one from two weeks ago, Yapper believes that, despite the challenges, DOGE will trade within the $1 to $3 range in the next six months. If things go poorly, it could take up to 12 months.

Dogecoin Potential to Reach $3

Notably, from its current floor value of $0.3894, DOGE would need a rally of 156% to break the $1 mark, which enthusiasts have been waiting for since the 2021 bull run. For context, Dogecoin took just seven days to rally by 156.11%, from $0.1702 to $0.4359, between November 5 and November 12.

Meanwhile, for the projected upper boundary of $3, Dogecoin would need a more substantial price increase of 670%. Remarkably, over the past 12 months, Dogecoin has surged by 658% from its October 2023 low of $0.05747 to its recent high of $0.4359, which aligns closely with the 12-month timeline Yapper suggested for Dogecoin to achieve another 650% price growth.

Notably, at $3, Dogecoin would have a market cap of $440 billion, compared to just $56 billion today. This market cap would far exceed Ethereum’s current $373 billion valuation, possibly making DOGE the second-largest crypto asset if no other token surges higher.

Bitcoin and Ethereum Prices When Dogecoin Hits $3

However, Yapper also expects Bitcoin to reach between $220K and $260K during this period. With Bitcoin currently priced at $93,183, reaching the projected target would imply an additional 179% price growth.

For the underperforming altcoin king, Ethereum, the technical analyst suggests it could rebound significantly, reaching between $12K and $16K within the next 12 months.

Bitcoin: Rich Dad Poor Dad Author Shares Tip on Becoming a Millionaire with BTC

Lele Jima
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Bitcoin: Rich Dad Poor Dad Author Shares Tip on Becoming a Millionaire with BTC

Robert Kiyosaki, author of Rich Dad Poor Dad, endorses Bitcoin as a transformative investment opportunity that can help people secure financial success.

The American businessman and author took to X to reflect on a bold prediction from MicroStrategy executive chairman Michael Saylor, who, in September, set a target of $13 million for Bitcoin.

As reported earlier, Saylor predicted that Bitcoin would trade at $13 million over the next 21 years, specifically by 2045. Saylor expects Bitcoin to experience strong demand within this timeframe, capturing 7% of the global capital.

Two months after this prediction, Kiyosaki emphasized that he agreed with it, describing Saylor as ‘one smart boy.’

How to Become a Millionaire Via BTC 

Furthermore, he suggested that investors who acquire a fraction of Bitcoin at $90,000 can become millionaires when BTC hits $13 million in 2045, as Saylor projected. 

Specifically, he mentioned that Bitcoin was trading at $90,000 at the time of the post. The financial guru indicated that investors could acquire 0.1 BTC for $9,000, automatically making them millionaires if Saylor’s prediction comes to fruition.

At a target of $13 million, a portfolio of 0.1 BTC would be valued at $1.3 million, representing an ROI of 144,344%. 

Kiyosaki Slams Conventional Approach to Building Wealth 

He contrasted the Bitcoin investment decision with obtaining a $50,000 student loan. He argued that the latter only rewards the borrower with a ‘flimsy MBA’ after studying for several years. 

Conclusively, he encouraged his 2.6 million X followers to make smart investment decisions by investing in Bitcoin. His remark portrays Bitcoin as a wealth-building tool compared to the conventional approach, which requires pursuing academic success before achieving financial stability.

His Support for Bitcoin  

Kiyosaki has been one of the major Bitcoin advocates, promoting the asset as a hedge against economic uncertainties. 

Earlier this year, he revealed that his decision to invest in Bitcoin rather than stocks was to prevent the U.S. Federal Reserve and Wall Street from orchestrating mechanisms like inflation and market manipulation to siphon wealth from the public. 

In August, he drummed support for U.S. President-Elect Donald Trump, describing his pro-Bitcoin stance as financial wisdom. 

His recent comment follows Bitcoin’s surge to a new all-time high of $94,339. Bitcoin is priced at $94,305 at press time, marking a surge of 2.42% over the past 24 hours. 

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Bitcoin 1D Chart

Bitcoin Hits $94K All-Time High as Key Metrics Signal Possible Market Top

Albert Brown
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Bitcoin Hits $94K All-Time High as Key Metrics Signal Possible Market Top

Amid a new peak value for Bitcoin, CryptoQuant cites metrics like the Fear & Greed Index, money flow, and UTXO profits to suggest a potential market peak.

Bitcoin, the world’s largest crypto, recently hit a new all-time high, trading over $94,000 before slightly easing to $92,000. The bullish momentum persisted, pushing prices up another 1.5% in the latest session to surpass $93,000.

With this surge, on-chain analytics provider CryptoQuant has raised questions about whether it is time to sell or hold. Analysts at CryptoQuant have closely monitored several key metrics to better understand the potential direction of the market.

Fear & Greed Index Signals Caution

One of the key indicators under review is the Crypto Fear & Greed Index, which is widely used to gauge market sentiment. The index, currently above 80, reflects heightened greed among investors. 

Historically, such levels have often preceded market tops, suggesting the need for caution. While the market can sustain upward momentum during periods of extreme greed, the likelihood of a reversal increases as the index remains elevated.

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New Money Flow & Long-term Holding Behaviour

Another critical factor affecting Bitcoin’s price sustainability is the flow of new capital into the market. CryptoQuant pointed out that insufficient new money inflow could increase selling pressure. 

Realized Cap Growth over a 365-day period is being monitored as a tool to track this trend. Without sufficient inflows, sustaining the current rally could prove challenging, potentially marking a near-term peak.

Further, long-term holders’ behavior is another crucial metric drawing attention. CryptoQuant observed that market tops often coincide with the activation of dormant Bitcoin. Coin Days Destroyed, a measure of long-held Bitcoin being moved, has reached levels exceeding 15–20 million, which historically aligns with market tops.

Bitcoin Exchange Flows & UTXOs

Additionally, exchange flow data provides further insights. The Inter-Exchange Flow Pulse (IFP) tracks Bitcoin movement between spot and derivative exchanges. Recent data indicates bearish signals as Bitcoin flows shift toward derivative platforms, often a precursor to downward price adjustments. 

Previously, CryptoQuant’s CEO pointed out the heightened euphoria driving the current rally. With 99.3% of Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit, the market is in an extremely bullish phase. While such phases have historically lasted three to twelve months, analysts are urging caution due to the possibility of sudden reversals.

Render Price Targets $10 as Channel Breakout Pushes Past $8

Albert Brown
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Render Price Targets $10 as Channel Breakout Pushes Past $8

With a channel breakout, will Render (RNDR) continue its bullish streak and surpass the $10 milestone?

With a market cap of $4.19 billion, Render‘s price has reclaimed the $8 mark. It has increased by 21% over the last seven days and has reached a trading volume of $1.23 billion. 

As the Render token gains momentum, the bull run is preparing to reclaim the $10 psychological mark. Will the ongoing streak of bullish candles cross this psychological mark?

Render Channel Breakout Run Hits $8

The Render (RNDR) price shows a trend reversal rally in the daily chart. This bullish reversal follows the breakout of a long-standing resistance trend line, marking a significant shift in price action.

Notably, this breakout signals the end of a falling channel pattern. The RNDR price reclaimed its bullish trend after a V-shaped reversal from the $4.21 mark.

Render Price Chart
Render Price Chart

Currently, it is trading at $8.08, accounting for a price surge of 96.16% over the last 16 days. The bullish recovery has surpassed the 38.20% Fibonacci level at $7.5625. 

Furthermore, with an intraday gain of 3.13%, Render makes the sixth consecutive bullish candle. The surge in the underlying bullish sentiments has resulted in a positive crossover between the 50-day and 100-day EMA lines. 

This has also increased the chances of a golden crossover. Meanwhile, the MACD and signal lines remain positive, resurfacing the bullish histogram. 

Will Render Price Cross $10?

After the bullish trend reversal surpassed a four-month high, the underlying trend has clearly shifted. The uptrend will likely break through the immediate resistance at $8.62, the 50% Fibonacci level.

If the broader market recovers, the bulls could target the next price levels at $9.68 and $11.20. With the increasing bullish momentum and rising trading volume, Render’s price is poised to surpass the $10 psychological mark.

Conversely, crucial support levels are at $7.56 and $6.24.

Expert Says Ethereum is Set to Outperform Bitcoin as It Targets $10K, Citing Technical Details That Support Bullish View

Albert Brown
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Expert Says Ethereum is Set to Outperform Bitcoin as It Targets $10K, Citing Technical Details That Support Bullish View

While Ethereum continues to face challenges in regaining momentum, analysts point to several factors, including MVRV momentum and whale activity, to suggest a potential rally toward $10,000.

Ethereum has been facing a challenging market environment, with its price struggling to stay at par with the broader bullish trend. Despite significant movements in other cryptocurrencies, Ethereum has yet to show signs of a robust recovery, sparking investor concerns.

However, analysts are closely watching whether ETH can break through key price levels, including the $4,000 mark. In a post on X, analyst Ali Martinez pointed out that Ethereum could soon outperform Bitcoin (BTC). 

According to Martinez, Ethereum has historically experienced periods of dominance over Bitcoin during market cycles, but this phenomenon has yet to occur in the current cycle. 

Martinez points to Ethereum’s Market Value to Realized Value (MVRV) Momentum as a key indicator, suggesting a bullish phase might be imminent.

MVRV Momentum and Price Indicators

Ethereum’s MVRV momentum is reportedly nearing a critical threshold. Historically, when this metric crosses its 180-day moving average, it signals a period of substantial price appreciation. Recent data shows Ethereum’s price improving from $2,400 to $2,800, but the anticipated MVRV cross has yet to occur.

According to Martinez, this delay could indicate that the most significant gains are still to come.

Whale Activity and Institutional Investments

In addition to technical indicators, significant on-chain activity indicates growing investor confidence in Ethereum. Martinez highlights a notable shift in Ethereum spot exchange-traded funds (ETFs), which have transitioned from distribution to accumulation.

Specifically, over the past two weeks, over $147 million in ETH has been acquired through these funds. This confirms heightened institutional interest.

At the same time, investors have significantly boosted their Ethereum holdings, purchasing more than $1.4 billion in ETH during this period. This trend aligns with expectations of a price rally, as whales often accumulate assets during undervaluation phases.

These large-scale acquisitions are considered a positive signal for Ethereum’s near-term prospects. Per Martinez, Ethereum’s current formation of an ascending parallel channel indicates potential price tests at $4,000 and $6,000 levels.

Critical Support for Ethereum

Ethereum’s price trajectory also hinges on critical support levels, which analysts believe must hold to maintain a bullish outlook.

Martinez identifies $3,000 and $2,400 as pivotal zones where significant buying activity has occurred. Specifically, over 6.14 million ETH were acquired at these price points.

Broader Market Correlations with Likely $10K Target

Beyond crypto-specific factors, Ethereum’s performance is drawing comparisons to traditional markets. Martinez earlier noted Ethereum’s price movements closely resemble the S&P 500 index. This parallel trend suggests that Ethereum may eventually follow the S&P 500’s bullish breakout, potentially targeting levels as high as $10,000.

Is $0.00010 Within Reach for BONK After 221% Surge Pushes It Into the Top 30?

Albert Brown
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Is $0.00010 Within Reach for BONK After 221% Surge Pushes It Into the Top 30?

With a bullish trend pushing BONK to a new all-time high, is the meme coin closer to hitting its dream target of $0.00010?

As a trendy meme coin in the crypto market, BONK has now achieved a market cap of $4.17 billion. It has increased by 71% over the last 7 days and has surpassed the $0.000050 psychological mark. 

Moreover, the coin has entered the top 30 cryptocurrencies as its bullish momentum continues. Let’s dive into a quick technical analysis of BONK’s price action.

BONK Technical Analysis

The daily chart reveals a breakout rally, with BONK’s price gaining momentum. The rally began with a Morning Star pattern formed from a key support trendline, driving the market price up by 221%.

Starting the rally at $0.00001717, BONK is currently trading at $0.00005525. It has posted an intraday gain of 5.89% and is on track for its second consecutive bullish candle amid a largely passive market.

BONK price chart
BONK price chart

The rally has extended over the past 16 days, with only three red candles. The price has even reached a new all-time high of $0.000060. Using Fibonacci levels, the uptrend has already surpassed the 1.272 level and is now targeting the $0.000062 (1.618) level.

The increased bullish sentiment is reflected in the positive alignment of the 50-, 100-, and 200-day exponential moving averages (EMAs). Additionally, the ADX line, which measures trend strength, has crossed the 50% threshold, indicating strong momentum.

Currently, the ADX is at 51.14%, surpassing previous peaks of 42.51%. Notably, the ADX has previously spiked above 90%, signaling significant potential for continued growth in BONK prices.

Smart Whales Move into BONK

As BONK’s bullish trend accelerates, a whale with a track record of profit from the PopCat meme coin is now shifting focus to BONK. The same whale previously netted $4.84 million in profits from PopCat. Over the past two days, this whale has invested $3.4 million USDC to accumulate 65.4 billion BONK tokens.

With the backing of a well-positioned whale, confidence in BONK’s potential for further gains has grown, significantly increasing the chances of a continued uptrend.

BONK Price Targets

Considering the broader market growth, the uptrend at this meme coin is likely to hit the 2.272 Fibonacci level at $0.000080. This also increases the chances of the meme coin reaching the $0.00010 psychological mark. 

On the flip side, the meme coin could find support at the psychological mark of $0.000050.

Donald Trump Considering Pro-Crypto Lawyer Teresa Goody Guillen for SEC Chair: Report

Elendu Benedict
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Donald Trump Considering Pro-Crypto Lawyer Teresa Goody Guillen for SEC Chair: Report

President-elect Donald Trump is considering pro-crypto lawyers to replace SEC chair Gary Gensler following promises to create a friendly environment for crypto.

A recent report shows a new candidate for the SEC chair role has emerged. The exposition, citing people familiar with the issue, noted that crypto lawyer Teresa Goody Guillen is now a top contender for the job.

Another Pro-Crypto Candidate on The Radar

Goody Guillen has her fair share of legal and blockchain experience, representing the SEC and a crypto firm. Notably, she worked as the attorney for the Office of the General Counsel at the SEC between 2009 and 2011 before switching allegiance to become a partner at Baker & Hostetler from 2019 till date.

Meanwhile, Goody Guillen is famous on Wall Street and among crypto firms, as she has defended them against the SEC on certain occasions. The blend of inside SEC experience and advocacy for digital assets is one of her strengths over other candidates.

Moreover, Goody Gullien has received strong recommendations from a crypto founder who lauded her versatile disposition. Brendan Playford, Masa’s co-founder, stated that Goody Guillen is the best among other candidates considered for the role, arguing she would bring an “instant change” to the agency and the crypto sector.

A Crypto-Friendly Chair Ultimately

As the selection process intensifies, crypto enthusiasts are confident that the next SEC chair will be pro-crypto. The Trump transition team has assured the industry, which invested heavily in the president’s reelection, that Gary Gensler’s replacement would be non-bureaucratic and favor the sector until Congress passes clear guidelines into law.

Other notable candidates, such as Robinhood’s Chief Legal Officer Dan Gallagher, Patomak CEO Paul Atkin, and Republican SEC commissioner Hester Pierce, are also on the shortlist to replace Gensler.

Meanwhile, Trump has doubled down on filling his cabinet with crypto enthusiasts after announcing Howard Lutnick as commerce secretary. Notably, pro-Bitcoin personalities like Elon Musk and Robert F. Kennedy are already part of Trump’s new administration.

Interestingly, the US President-elect also met with Coinbase CEO Brian Armstrong for personal appointments. However, the details of the meeting remain speculative.

Is Cardano $1 Rally Now on Cards After This Massive Breakout?

Albert Brown
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Is Cardano $1 Rally Now on Cards After This Massive Breakout?

Will Cardano (ADA) reach $1 following its breakout above the key Fibonacci level of $0.776, with an intraday surge signaling a potential moonshot?

With Cardano’s market cap of $28 billion, the altcoin is gradually inching closer to surpassing USDC to take the eighth position. In parallel, ADA’s price is setting up for a potential 52-week high, putting the $1 target within reach.

Will the intraday recovery drive Cardano to $1 after XRP’s rally? Let’s find out. 

Cardano Price Analysis

Cardano is currently trading at $0.793, with an intraday gain of 7.45%. This creates a bullish engulfing candle that crosses above the 100% Fibonacci level at $0.776. 

Cardano Price Chart
Cardano Price Chart

Furthermore, it marks the third consecutive bullish candle at play as it inches closer to the recently recorded 52-week high of $0.819. 

The strong bullish trend in Cardano continues to build momentum, with the price having surged 147% in just 16 days from $0.32. This parabolic price movement has been accompanied by a golden crossover between the 100-day and 200-day EMA lines, signaling continued bullishness.

With a surge in trend momentum, the ADX line is now at 48.76. Based on the previous price action, the ADX line highlights the peak formation near the 50 and 61 levels. Hence, the indicator shows room for growth. 

145% Increase in Cardano Accumulation by Whales

Cardano whales have been accumulating ADA tokens during the last few weeks amid the massive rally. Specifically, whales that typically hold above $10 million worth of ADA increased their holdings by 145.72%. 

Likewise, holders with positions between $1 million and $10 million in ADA have increased their positions by 82.97%. 

Additionally, holders with positions ranging from $100,000 to $1 million have increased their portfolio by 105.66% over the last 30 days.

The recent bull run and the broader market recovery are the key factors, as the worth of the Cardano holder’s position skyrocketed with the surge in market price.

Will ADA Price Reach $1?

Based on previous price action, the ADX typically peaks around the 50.75 and 61.76 levels, which suggests further upward potential.

Using Fibonacci levels, the high-momentum double-bottom reversal in Cardano now suggests price targets of $0.994 and $1.363, based on the 1.272 and 1.618 Fibonacci extensions.

On the other hand, a minor retest of $0.776 remains a possibility, provided the daily candle closes above this level.

Cardano Whales Push ADA Higher: 145% Increase in Holdings, $52B in Volume as Price Spikes Above $0.81

Abdulkarim Abdulwahab
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Cardano Whales Push ADA Higher: 145% Increase in Holdings, $52B in Volume as Price Spikes Above $0.81

The ongoing spectacular price action from Cardano (ADA) has been marked by several positive on-chain metrics.

With ADA trading at $0.8127, the altcoin has experienced an explosive rise of over 115% in the last two weeks, breaking an eight-month high. While profit-taking by retail investors briefly pushed ADA below the $0.80-mark, large investors (whales) are determined to send the asset higher with massive accumulation.

Large Cardano Transactions Surged by 297%

Analyst Ali Martinez recently highlighted data from IntoTheBlock, revealing a 297% surge in large Cardano transactions over the past two weeks. As of yesterday, the total volume of these transactions reached $22.56 billion.

Notably, the value of large ADA transactions was at a seven-day low of $12.25 billion on November 13. However, it more than doubled in just three days, climbing to $28.43 billion by November 16. Despite the recent dip, the current figure of $22.56 billion indicates that strong momentum is still ongoing.

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Cardano Whales Accumulate More by 145%, with Holding Reaching $12B

Meanwhile, the impact of these large-value transactions is further underscored by additional data showing that whales have vigorously stockpiled ADA tokens over the past month. Investors holding over $10 million in ADA have increased their positions by 145.72%, now holding a total of $12.11 billion worth of ADA as of November 18.

This group of high-net-worth holders has seen the largest 30-day growth in their ADA portfolios. Close behind are wallets with ADA holdings between $100K and $1 million, which experienced a 105.66% increase over the past month, now totaling $4.36 billion. 

Similarly, wallets holding between $1 million and $10 million in ADA saw an 82.97% rise, bringing their total ADA holdings to $3.9 billion. Other groups accumulating ADA include those holding between $1K and $100K.

On the other hand, the lowest retail tier—those holding less than $1 in ADA—reduced their holdings by 39.46%, with their total dropping to just $285,490. Investors holding between $10 and $100 in ADA also reduced their positions, with a 7.65% decline, leaving them with $41.91 million in ADA.

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$52B ADA Transactions in One Week

In a separate report, intelligence platform Santiment revealed that Cardano has seen $52.26 billion in transaction volume this week alone, marking a seven-month high. The report also highlighted that there have been over 8,900 whale transactions for the second consecutive week, a six-month high.

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Cardano Now Decoupled from Altcoins

As a result, Santiment noted that Cardano is now decoupled from the broader altcoin market. Additionally, it observed that ADA’s price ratio against Bitcoin is approaching an eight-month peak. 

The last time Cardano experienced this level of transaction and whale activity was in June, just before the ADA/BTC pairing saw a 26% surge.

Rumble CEO Teases Adding Bitcoin to Company’s Balance Sheet, Sparking 9% Stock Rise

Elendu Benedict
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Rumble CEO Teases Adding Bitcoin to Company’s Balance Sheet, Sparking 9% Stock Rise

The CEO of YouTube’s competitor Rumble teased exposure to the pioneering cryptocurrency Bitcoin, attracting a reaction from BTC advocate Michael Saylor.

The development originated with CEO Chris Pavlovski’s November 19 tweet enquiring if Rumble should add Bitcoin to its balance sheet. Pavlovski then added a poll in a separate tweet, asking users to vote for or against Rumble creating a strategic reserve for the leading cryptocurrency.

However, things got interesting when MicroStrategy’s chairman and Bitcoin advocate, Michael Saylor, commented on the tweet. Saylor responded to Pavlovski’s question, affirming that the video-sharing platform should hold a Bitcoin stash.

Notably, Saylor not only recommended the asset but also volunteered to walk Pavlovski and Rumble through the procurement process. The CEO showed interest in the venture, stating he would discuss further details with Saylor privately. 

Rumble’s Stock Soars 9%

Following the discussion, Rumble’s stock quickly gained bullish momentum, soaring 9% to $5.93. However, the stock (RUM) has relinquished most of the gains, keeping just 2.53% of it to trade at $5.68 at the time of writing.

Notably, Rumble’s stock could rally further if the video-sharing firm adopts Bitcoin as a strategic reserve. This pattern has persistently played out among publicly traded firms holding the premier crypto asset.

For instance, Metaplanet’s stock (3350.T) has increased substantially since adopting MicroStrategy’s Bitcoin playbook. The stock has surged over 450% since May and is up a staggering 1,313% year-to-date.

Another valid example is MicroStrategy’s stock performance. MSTR is up 528% YTD, outperforming major traditional companies and even Bitcoin’s 109% appreciation since January. Notably, MSTR trades at an all-time price high of $430, mirroring Bitcoin’s bullish momentum.

Other Firms Adopting Bitcoin

Meanwhile, the adoption of Bitcoin as a strategic reserve is becoming common among public companies and states following the asset’s bullish momentum and the United States’ similar stance.

For context, e-commerce platform LQR House announced it would adopt Bitcoin as a treasury asset, noting it would launch the reserve with a $1 million Bitcoin purchase. Pharmaceutical firm Cosmos Health also revealed on Monday that it would store part of its reserve in Bitcoin and Ethereum.

Furthermore, states like Pennsylvania and Florida have proposed investing part of their funds in Bitcoin, holding it as a reserve asset. The latter plans to dedicate 10% of its $7 billion state fund to Bitcoin.

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