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At Current Dogecoin Price of $0.2044, Here’s How Much $1,000 Could Turn Into If DOGE Repeats History

Lele Jima
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At Current Dogecoin Price of $0.2044, Here’s How Much $1,000 Could Turn Into If DOGE Repeats History

Investors could become millionaires if they invest $1,000 in DOGE at the current price, and Dogecoin will eventually repeat its history. 

Dogecoin (DOGE) has continued to hover around bearish territory after slumping from its multi-year peak of $0.47, registered on December 9, 2024. Since then, DOGE has struggled to regain momentum, trading below the $0.30 mark over the past few weeks. 

Investors Still Bullish Despite DOGE Underperformance 

Notably, DOGE extended the downtrend below the $0.21 region after Bybit revealed hackers drained over $1.4 billion from one of its cold wallets. This unfortunate incident crashed the price of DOGE to a low of $0.197 on February 26, 2024. DOGE is down 36.7% month-to-date (MTD) and 12.2% in the past week. 

However, investors have remained unshaken by DOGE’s recent dip, with many citing its historical surge as a testament to its growth prowess. 

DOGE Price If It Repeats History 

For context, data from CoinMarketCap shows that DOGE is up 285,200% from an all-time low (ATL) of $0.00008547, registered on May 7, 2015. This surge is attributed to multiple endorsements DOGE received from prominent figures, including Tesla CEO Elon Musk. 

With many projecting that Dogecoin could repeat history, we explored how much an investment of $1,000 would be worth if DOGE’s price rises 285,200% from its current price. 

DOGE is currently trading at $0.20, with its market cap at $30.2 billion. Should Dogecoin repeat history and experience another 285,200% rally from its current price, it would surge to approximately $695. 

This would potentially take Dogecoin’s market cap to $103.27 trillion, surpassing the valuations of Bitcoin and other traditional financial instruments like gold and silver.  

Value of $1,000 Investment in DOGE Today If Price Rises to $695  

Notably, an investment of $1,000 will procure 4,105 DOGE tokens at the current price. This investment will soar tremendously if Dogecoin eventually repeats history, potentially soaring 285,200% to hit $695. 

At a hypothetical price of $695, a portfolio of 4,105 DOGE worth $1,000 today will be valued at $2.85 million. 

Meanwhile, the chances of DOGE repeating history and soaring 285,200% to an audacious target price of $695 is minimal. This is because the historical performance of an asset does not guarantee future returns. Also, DOGE’s hefty circulating supply of 148.15 billion tokens could undermine the success of this feat. 

In the meantime, analysts are yet to predict whether DOGE could hit this ambitious target in its lifetime. Hence, it is imperative to tread carefully, as this analysis is for informational purposes. 

5 Hot Cryptos You Can’t Miss. Best Cryptocurrencies You Should Buy This Day

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5 Hot Cryptos You Can’t Miss. Best Cryptocurrencies You Should Buy This Day

The crypto market never sleeps, and neither do the innovations pushing blockchain forward. Today, five standout cryptocurrencies Berachain, Solana, JetBolt, Kaito, and Sonic are shaping the landscape with groundbreaking technology and growing utility. If you’re looking for 5 hot cryptos you can’t miss, these names should be on your radar.

JetBolt (JBOLT) is setting a new standard for blockchain usability with its gas-free model, AI-driven news aggregator, and SocialFi staking. Its presale momentum is attracting serious attention.

With blockchain evolving so rapidly, which among Berachain, Solana, JetBolt, Kaito, and Sonic will take the lead in shaping Web3? Explore the best cryptocurrencies you should buy this day and check out which aligns with your vision of the future.

5 Hot Cryptos You Can’t Miss: Prime Features

  • JetBolt (JBOLT): The gas-free, AI-powered crypto reshaping Web3 transactions.
  • Berachain (BERA): A liquidity-driven Layer 1 blockchain revolutionizing DeFi.
  • Solana (SOL): The high-speed blockchain attracting institutional backing and DeFi growth.
  • Kaito (KAITO): The InfoFi token redefining crypto intelligence and search.
  • Sonic (S): The ultra-fast EVM chain rewarding developers for network engagement.

Best Cryptocurrencies You Should Buy This Day: Focused Overview

JetBolt (JBOLT)

JetBolt is rewriting the rules. While gas fees remain a thorn in blockchain’s side, JetBolt flips the script with its zero-gas technology, wiping out transaction fees and delivering near-instant finality. Built on the Skale network, JetBolt makes blockchain interactions frictionless, giving users the freedom to move, stake, and transact without fluctuating gas costs.

JetBolt is also packed with next-gen features. Its AI-powered tool showcases third-party crypto insights, tagging news with bullish or bearish sentiment for a sharper market view. Meanwhile, its SocialFi staking system introduces an engagement element, rewarding users not just for staking, but also for active participation within the ecosystem.

Crypto whales are already circling, with JetBolt’s red-hot presale selling close to 335 million tokens. Early buyers are snagging Alpha Boxes, securing up to 25% extra JBOLT tokens with batch purchases.

With its fusion of gas-free and high-speed transactions, AI-powered insights, and interactive staking, JetBolt isn’t just a hot crypto it’s one you can’t miss.

Berachain (BERA)

Berachain has emerged as a powerhouse in the DeFi landscape, boasting a Proof of Liquidity (PoL) consensus model that ties network security directly to liquidity incentives. Berachain’s dual-token system BERA for gas and staking and BGT for governance—creates a self-sustaining economic structure.

Since launching its mainnet, Berachain has outpaced Avalanche and Arbitrum in Total Value Locked (TVL), surpassing $3.2 billion in just 20 days. This rapid growth is driven by top DeFi platforms like Infrared Finance, Kodiak, and Concrete, which have brought billions in liquidity. Backed by a $100 million Series B funding round, Berachain is expanding into key markets like Hong Kong, Singapore, and Latin America, solidifying its position as a rising Layer 1 blockchain.

Solana (SOL)

Solana has secured major partnerships and is at the center of ETF discussions, with Franklin Templeton leading the charge for a Solana-based ETF in the U.S. DeFi growth is skyrocketing, with $8 billion in USDC minted on Solana and the first SEC-regulated yield-bearing stablecoin (YLDS) launching on its network. 

Innovations like Solana’s Smart Wallets, which remove seed phrases and allow gasless transactions, are enhancing security and usability. Meanwhile, Solana’s ecosystem is attracting serious capital Wintermute recently moved $40 million in SOL, possibly in preparation for the upcoming token unlock.

With institutional confidence growing and Solana ETFs likely on the horizon, the blockchain remains a top contender for mass adoption.

Kaito (KAITO)

As an AI-powered InfoFi search engine, Kaito aggregates Web3 data, rewarding content creators called “Yappers” for engagement and quality contributions. The KAITO token recently launched via an airdrop on Base, distributing 10% of the supply to early adopters and Genesis NFT holders. 

With Binance and OKX listing the token, demand is expected to rise. Kaito’s tokenomics focus on long-term ecosystem growth, content incentives, and decentralized governance.

As AI and blockchain increasingly intersect, KAITO is reshaping how crypto knowledge is shared and monetized.

Sonic (S)

Sonic delivers speeds of 10,000 transactions per second (TPS) with sub-second finality. Unlike traditional chains, Sonic introduces Fee Monetization (FeeM), a model where developers earn up to 90% of transaction fees their apps generate.

This structure transforms blockchain development by providing a Web2-style revenue model in a decentralized setting, ensuring that developers directly profit from user activity. Sonic’s infrastructure is optimized for DeFi applications, high-frequency trading, and large-scale gaming, making it a go-to platform for high-performance blockchain projects.

Frequently Asked Questions

What are the hottest cryptos right now?

These crypto coins are gaining traction thanks to their innovative technology and increasing adoption:

  • Berachain (BERA)
  • Solana (SOL)
  • JetBolt (JBOLT)
  • Kaito (KAITO)
  • Sonic (S)

However, the cryptocurrency market is unpredictable, and trends can shift rapidly. Keep an eye on technological advancements and adoption metrics before making any decisions.

Which is the best crypto to buy right now?

No single cryptocurrency guarantees success, but JetBolt (JBOLT) is making waves with its gas-free transactions, AI-powered utility, and SocialFi staking model. Its ongoing presale has drawn early adopters and savvy crypto whales.

Final Thoughts: 5 Hot Cryptos You Can’t Miss

The crypto space is constantly evolving, and Berachain, Solana, Kaito, Sonic, and JetBolt could shape the future of blockchain adoption. Among them, JetBolt (JBOLT) stands out for its forward-thinking approach to Web3, eliminating gas fees while integrating AI for seamless crypto insights. As early buyers take notice, could JetBolt be setting the stage for a major breakthrough?

The crypto race is heating up, and JetBolt is in the fast lane! Discover more about its features and presale by heading to the official JetBolt website.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Best Crypto Presale For 100X Gains? Why Frog Knox Stands Out

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Best Crypto Presale For 100X Gains? Why Frog Knox Stands Out

Crypto investors are always on the lookout for presales that could deliver massive returns—ideally 100x or more. In previous cycles, meme coins have been at the forefront of these explosive gains, and Frog Knox is aiming to follow in their footsteps. Currently live, Frog Knox offers a fair launch model that stands out from the crowd, featuring zero team tokens, burnt liquidity, and a strategic Frog Reserve to ensure long-term sustainability and growth.

While presales have historically been risky due to insider allocations leading to massive dumps post-launch, Frog Knox removes that risk completely. With no team allocations, the project ensures that early investors aren’t left holding the bag when venture capitalists and insiders cash out. This creates a truly fair and transparent opportunity for those who believe in the project from the beginning.

Meme coins like Shiba Inu and Pepe have proven time and again that community-driven tokens can deliver huge returns. Frog Knox is following a similar path but with added protections in place to ensure a more sustainable growth trajectory. With a focus on strong tokenomics, a dedicated community, and a reserve designed for reinvestment, Frog Knox aims to be the next big success story in the meme coin space.

The presale is currently open, giving investors an exclusive opportunity to secure their position before public trading begins. With the growing momentum of the community and a commitment to fair, decentralized principles, Frog Knox is positioning itself to become one of the top meme coins of 2025. For those looking to join a project built on transparency and long-term vision, Frog Knox is the presale to watch in the coming year.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

1Fuel (OFT) Wallet/Exchange Innovation Ignites Major Bull Run As Presale Hits Over $2.3M

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1Fuel (OFT) Wallet/Exchange Innovation Ignites Major Bull Run As Presale Hits Over $2.3M

1FUEL, the privacy-focused cryptocurrency which has pioneered a new take on traditionally complex cross-chain crypto transactions has reached a key milestone in its presale. The project has achieved one of its early-stage goals by raising over $2.3 million.

1FUEL’s $2.3 million funding achievement has come early on in its presale campaign. The cryptocurrency presale is currently around 40% of the way through phase four with 219,916,942 tokens sold so far. The current token price of $0.018 has already spiked by 80%, having risen from a stage one opening cost of $0.010.

Helping to push 1FUEL past the $2.3 million marker earlier this week was a special incentive offered to investors buying into the presale between 19 and 23rd February. It sought to reward existing investors with 20% bonuses and new investors with 40% gains in that specific window. This incentive proved successful, with a flurry of sales in that timeframe.

With the presale now cleared of the $2.3 million target thanks to that wave of activity, 1FUEL will now focus its attention on surpassing a $3 million level and launching the Beta version of its all-new, secure crypto wallet.

1FUEL’s presale has enjoyed popularity with investors due to the high levels of privacy, security and utility the secure wallet offers. This, coupled with its innovative one-click, cross-chain crypto transaction technology sets the presale , and wider 1FUEL project – apart from rival offerings. The launch of the Beta version of the wallet is therefore expected to garner significant interest from traders who will be keen to experience the new 1FUEL experience before anyone else.

The 1FUEL wallet is central to the seamless usability that makes 1FUEL such a unique concept. The core feature is the one-click, cross-chain transaction functionality. With this tool, 1FUEL wallet holders can trade across networks with a single click, with none of the existing complexity that oftem prevents adoption of digital asset management. 1FUEL wallet holders won’t need to hold other wallets, navigate multiple exchanges or manually optimize transaction fees. 1FUEL will handle the whole process.

Another key feature is a peer-to-peer exchange, allowing for fast, secure and private transactions between users. The wallet can also be used to make fast, easy crypto to fiat conversions, giving convenience and elevated levels of security and privacy. 1FUEL will also offer physical debit and credit cards, for easy access to funds throughout the course of normal daily life.

With elevated levels of investor interest coinciding with the imminent Beta wallet launch, 1FUEL continues to move through its full launch time scale. It is on track to complete a full platform launch in quarters two and three of the current year.

About 1FUEL

1FUEL is a new all in one digital wallet and decentralized exchange created to redefine the crypto experience and unlock access to the blockchain for all. Its comprehensive ecosystem includes a range of innovative tools designed to ensure safe, private and secure digital asset management. Tools include one click, cross chain transactions, an in-built privacy mixer, temporary wallets, a P2P exchange, military grade cold storage and physical debit and credit cards.

To find out more about the 1FUEL presale and the full range of 1FUEL features.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

While Others Sell In Fear, Smart Traders Are Piling Into These 3 High Potential Altcoins

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While Others Sell In Fear, Smart Traders Are Piling Into These 3 High Potential Altcoins

In a market landscape buzzing with activity, seasoned investors are spotting opportunities while others retreat. The crypto bull run presents unique prospects for those observing the right signals. Three altcoins, in particular, are emerging as standout performers, catching the eye of sharp traders ready to capitalize on their growth potential. As the market shifts, the strategic positioning of these digital assets offers enticing possibilities for steadfast and savvy participants.

Catzilla ($CATZILLA): A Meme Coin with Serious Growth Potential

Catzilla ($CATZILLA) is one of those projects that seems too wild to ignore a mix of Japanese kaiju culture, internet memes, and crypto. At first glance, it might just seem like another meme token, but there’s more going on under the hood. With a structured presale and a growing community, Catzilla has some actual momentum behind it.

A Presale with 14 Stages. Here’s Where Things Stand

Instead of a typical one-shot token sale, Catzilla’s presale is broken into 14 stages, giving investors multiple chances to buy in before launch. As each stage progresses, the price ticks up, meaning early buyers get in at a lower cost.

Current Presale Stats:

  • Current Price: $0.0009
  • Next Stage Price: $0.0010
  • Final Presale Price: $0.0016
  • Funds Raised So Far: $2.2M+ and climbing

Right now, it’s at Stage 7, and the CoinMarketCap community seems optimistic about where it’s headed. Since the price keeps increasing with each stage, some investors are getting in now to lock in a lower price before the token hits exchanges.

Secure $CATZILLA Now Before Its Price Surges

What Makes Catzilla Different?

Plenty of meme coins rely purely on hype, but this one has a few things going for it besides just viral appeal.

1. There’s a Unique Concept

A big part of the project revolves around a kaiju-style concept. Its mascot is a giant cat that destroys cities and earns rewards.

2. It’s Tapping into Multiple Communities

Catzilla is clearly designed to appeal to more than just crypto traders. The mix of anime, gaming, and meme culture makes it something that could attract:

  • Crypto investors looking for early-stage projects
  • Meme lovers who enjoy viral, internet-driven trends
  • Anime and gaming fans who like the kaiju-inspired theme

That mix of audiences could help sustain interest in the long term.

3. There’s a Strong Focus on Community Involvement

A big part of the project is community engagement, whether it’s through governance voting, staking rewards, or the play-to-earn mechanics in the game. The more people participate, the more active the ecosystem becomes which could help with long-term sustainability.

Is It Worth Getting In Now?

The presale is moving along quickly, and since the price keeps increasing in stages, there’s a time factor involved. Like any meme coin, it’s a speculative play there’s potential for major upside, but also risks, especially in a volatile market. That said, the combination of an actual game, community engagement, and a structured presale makes Catzilla more interesting than most meme coins that pop up and disappear. Whether it turns into a big winner depends on how well they execute on the roadmap, but it’s one to keep an eye on.

Take Advantage of the $CATZILLA Surge

Sui Blockchain: Enhancing Global Adoption and User Experience

Sui is a novel layer-1 blockchain platform aimed at global adoption. It uses an object-centric data model and the Move programming language for improved efficiency. Sui focuses on user experience by making blockchain interactions easier. It introduces features like zkLogin, sponsored transactions, and programmable transaction blocks. These innovations ensure Sui’s applications are user-friendly and accessible. Its strong technical design and user-focused features make it appealing in the current market.

Uniswap’s UNI Token: Governance and Decentralized Trading

The UNI token, launched by Uniswap in September 2020, is a governance token that lets holders influence platform decisions like fee structures and token distribution. This was introduced partly as a strategic move against competitors like SushiSwap. By distributing 150 million UNI tokens to past users, Uniswap incentivized community loyalty, initially offering over 1,000 USD in value to each user. As a leading decentralized exchange on Ethereum, Uniswap stands out with its automated liquidity protocol, allowing trades without an order book. This system empowers users with control over their funds. Uniswap’s protocol is open-source and supports free token listings, emphasizing accessibility and security. As of now, it ranks as the fourth-largest DeFi platform, managing assets over $3 billion. The innovative technology and strong community support make UNI an attractive option in the DeFi landscape.

Conclusion

While SUI and UNI may offer less short-term potential, Catzilla stands out as the ultimate meme coin hero, aiming to bring financial freedom to everyone. With a remarkable 700% ROI potential during its presale and triple utility features governance, incentives, and staking Catzilla unites crypto enthusiasts and meme fans to achieve new heights. Joining the fight against crypto villains by acquiring $CATZILLA tokens could be a rewarding opportunity.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Ethereum Foundation Donates $1.25 Million to Support Tornado Cash Developer’s Legal Defense

Albert Brown
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Ethereum Foundation Donates $1.25 Million to Support Tornado Cash Developer’s Legal Defense

The Ethereum Foundation has announced a $1.25 million donation to support the legal defense of Tornado Cash developer Alexey Pertsev. 

This development follows Pertsev’s release from jail to prepare for his appeal. Pertsev, one of the developers behind the privacy-focused protocol Tornado Cash, had been sentenced to 64 months in a Dutch prison on money laundering charges.

In its statement announcing monetary support for Pertsev’s defense, the Ethereum Foundation affirmed its stance on digital privacy and the rights of developers. It stated, “Writing code is not a crime, and privacy is a fundamental right.” 

Recall that in December 2024, Ethereum co-founder Vitalik Buterin also contributed 50 ETH—valued at approximately $170,000 at the time—to assist with the legal expenses of both Pertsev and his fellow Tornado Cash developer, Roman Storm.

Ethereum Foundation Pledges Support

In 2024, Pertsev was convicted after authorities alleged that he failed to prevent illicit transactions on Tornado Cash. The indictment accused him of enabling money laundering activities by facilitating anonymous transactions on the blockchain. Dutch prosecutors argued that he should have anticipated the misuse of the protocol.

Meanwhile, the case against Tornado Cash has raised concerns about the legal treatment of software developers. Prosecutors have sought to establish criminal liability for developers based on how third parties use their software. 

The Ethereum Foundation’s contribution follows a similar move by Paradigm, whose co-founder Matt Huang pledged $1.25 million to support Roman Storm in his legal battle.

Software Development Criminalization

Notably, Storm is facing charges bordering on operating an unlicensed money-transmitting business and conspiracy to commit money laundering. He has warned of wider consequences for developers.

He stated that the case could set a precedent criminalizing software development and impacting the broader tech industry. Facing up to 45 years in prison, Storm noted that developers have already been discouraged from releasing new software due to legal fears.

Notably, a recent lawsuit against the U.S. Department of Justice (DOJ) highlighted concerns that the prosecution of Storm has created a chilling effect. The lawsuit seeks relief for developers who are hesitant to launch new projects due to the potential legal risks. 

Court Ruling Challenges Treasury’s Authority

Notably, in November, a ruling by a federal court determined that the U.S. Treasury overstepped its authority by sanctioning Tornado Cash.

The decision stated that Tornado Cash’s smart contracts do not constitute “property” under federal law, rendering them ineligible for sanctions. The court emphasized that these contracts’ open-source and immutable nature means they cannot be owned or controlled.

Previously, legal experts, including former presidential candidate Vivek Ramaswamy, had criticized the Treasury’s approach.

In a panel discussion, Ramaswamy argued that penalizing an entire protocol rather than targeting individual bad actors was unconstitutional. 

Bitcoin Adoption Rallies as 80% More Public Companies Bought in 2024: Report

Mark Brennan
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Bitcoin Adoption Rallies as 80% More Public Companies Bought in 2024: Report

The rate at which corporate and private institutions adopt the Bitcoin standard has surged extensively in the past year as the asset continues to go mainstream.

Confidence in Bitcoin has grown faster than that of any other asset class in history. The pioneering cryptocurrency has seen staggering mainstream adoption recently, mirroring that seen in the internet’s early days.

A recent report details this growing embrace of the asset, once seen as a bubble. According to the piece published by Bitcoin-only financial institution Rivers Financial, the adoption rate has increased extensively in the past two years.

Public Companies Massively Stacking Bitcoin

The Tuesday report discloses that the adoption rate among public companies has increased by an impressive 80% since January 2024, with 81 firms now holding Bitcoin on their balance sheets. Reminiscing further backward, the numbers have grown by 139% since 2023, with three Nasdaq 100 and two S&P 500 companies now adopting the Bitcoin standard.

Notably, this escalating adoption follows the burgeoning feat Strategy (formerly MicroStrategy) achieved by simply adopting Bitcoin as its primary reserve asset. For context, its stock MTSR has surged a jaw-dropping 1,752% in five years, recently entering the Nasdaq 100, due to its impressive performance.

Recently, public firms like Matador, Kurl Technology, Rumble, and Metaplanet, to mention but a few, adopted the Bitcoin standard. This bias has further indicated confidence in the largest cryptocurrency by market cap.

Top 70 Firms Holding Bitcoin

Businesses Acquiring Over 1,000 BTC per Day Since 2024

Meanwhile, the River report further highlighted the increasing number of Bitcoin acquisitions by both old and new Bitcoin standard adopters. According to the piece, businesses are acquiring 1,000 bitcoins every day since January 2024.

Strategy has led this Bitcoin-hungry pack with its incessant purchases. On Monday, the business intelligence firm acquired 20,356 BTC, bringing its stash to 499,096 BTC ($43 billion).

In total, public companies hold over 652,000 BTC, with a chunk of them in Strategy’s custody.

Bitcoin Holding per River Financial
Bitcoin Holding per River Financial

Changes in Bitcoin Ownership

The report also highlighted a shift in Bitcoin’s distribution among entities. Businesses and exchange-traded funds (ETFs) came to the party last, substantially depreciation holdings among other groups holding the asset.

For context, institutional traction towards Bitcoin saw ETFs and other funds amass over 519,000 BTC and businesses 374,000 BTC in 2024. This distribution shift cost individuals, governments, and other entities 893,000 BTC last year.

Change In Bitcoin Ownership
Change In Bitcoin Ownership

Nonetheless, data shows there is more room for expansion. Despite the growing numbers, under 1% of publicly traded companies have gained exposure to Bitcoin, an indicator the asset has more balance sheets to enter.

Bitcoin Latest 16% Drop Still Modest Compared to Cycle Average, Data Reveals

Mark Brennan
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Bitcoin Latest 16% Drop Still Modest Compared to Cycle Average, Data Reveals

The recent Bitcoin price correction has seen it drop 16% below its all-time high (ATH), marking a significant pullback in its current cycle.

The correction pushed the price dip beyond the cycle’s average drawdown of -8.54%, but it remains far from the maximum drawdown of -26.25%. In other words, while the market experienced a major crash on Tuesday, the extent of the pullback remains relatively moderate when compared to previous cycles.

For context, Bitcoin’s price dipped by over 10% yesterday, crashing below $86K, a new low for 2025. This development sent shockwaves through the broader altcoin markets. Tokens like Dogecoin, Solana, and Shiba Inu hit new yearly lows.

Comparing Bitcoin Volatility Across Cycles

One of the most notable aspects of Bitcoin current market cycle is its lower volatility compared to prior bull runs. Historical data from previous cycles shows the following drawdown patterns:

  • 2011-2013: Average drawdown of -19.19%, with a maximum drop of -49.45%.
  • 2015-2017: Average drawdown of -11.49%, maximum drawdown of -36.01%.
  • 2018-2021: Average drawdown of -20.41%, with the worst drop reaching -62.62%.

In comparison, the ongoing cycle has proven to be the least volatile. This suggests that Bitcoin’s market behavior has stabilized over time despite occasional price corrections. Market commentators have attributed this new stability to Bitcoin’s maturation into an institutional asset.

Bitcoin’s Performance at 826 Days Since the Cycle Low

Bitcoin has experienced impressive growth since hitting its most recent cycle low of $15,400 in January 2023. Since then, its price has risen by 5.48x over the past 826 days.

To provide some perspective, past cycles have shown much more dramatic gains at similar points:

  • 2011-2015: A massive 284.28x increase.
  • 2015-2018: A still substantial 7.26x rise.
  • 2018-2022: Bitcoin rose 16.86x during this period.

While the current cycle’s price performance may appear modest compared to previous bull runs, it is still impressive, especially considering the current market cycle’s more stable and less volatile nature.

Essentially, Bitcoin’s current correction remains well within historical norms, with its lower volatility and steady growth reflecting the maturity of the market.

BTC Outlook Amid Bearish Performance

At press time, Bitcoin is struggling to regain its footing from yesterday’s drop. While it briefly touched $89K today, it has since dipped back to a much lower value of $85,500.

As The Crypto Basic reported, on-chain analysis suggests that the risk of lower lows will remain in the short term unless Bitcoin quickly recovers above $92,500.

This threshold is significant, as it is the point where most short-term traders are profitable. Otherwise, as they cut their losses, Bitcoin could revisit $71K.

Bank of America Reveals Plans to Launch USD Stablecoin

Lele Jima
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Bank of America Reveals Plans to Launch USD Stablecoin

Bank of America (BofA), the second largest bank in the United States, has hinted at plans to roll out its USD-backed stablecoin. 

Brian Moynihan, the CEO of BofA, made the disclosure in an interview with David Rubenstein at the Economic Club of Washington D.C. During the interview, Moynihan emphasized that the stablecoin business is imminent and poised to go mainstream soon. 

He referred to stablecoins as digital assets backed by fiat currencies, like the U.S. dollar. Notably, Moynihan suggested that these digital assets can function like a money market fund or bank account. 

With Moynihan expecting stablecoins to go mainstream, he revealed that the second-largest U.S. bank may introduce a stablecoin, referred to as the BofA token, tied to U.S. dollar deposit accounts. However, he noted that the bank would only launch the digital asset if the U.S. government legalized stablecoins. 

Ongoing Efforts to Regulate USD Stablecoins 

It bears mentioning that the United States government is pushing to pass stablecoin legislation. Last year, Rep. French Hill (R-AR) disclosed that the United States Congress will prioritize crypto legislation, including those relating to stablecoins, in 2025. 

Due to its aggressive stance toward crypto, the previous administration sabotaged efforts to pass stablecoin regulation. However, crypto enthusiasts are optimistic that the U.S. will soon welcome favorable legislation for stablecoins. 

This speculation is driven by Donald Trump’s executive order for the digital asset markets. The order mandates a presidential committee to establish crypto regulation at the federal level. 

Specifically, the order pushes for the sovereignty of the U.S. dollars by promoting the growth and development of dollar-backed stablecoins globally. 

BofA Faces Stiff Competition From Established Stablecoin Issuers 

Should the government establish the necessary regulation, BofA may launch its own dollar-backed stablecoin. However, the bank faces stern competition from established brands like Tether (USDT) and USD Coin (USDC).

Currently, stablecoins USDT and USDC have valuations of $142.02 billion and $56.25 billion, respectively. They account for 86.55% of the $229.06 billion global stablecoin market valuation. 

Other dominant USD-backed stablecoins include Ethena USDe (USDe), Dai (DAI), First Digital USD (FDUSD), and PayPal USD (PYUSD). These stablecoins are worth $5.87 billion, $5.36 billion, $2.13 billion, and $703.38 million, respectively. 

Bitcoin Holders Suffer $1.7B Loss as Panic Grips Market

Mark Brennan
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Short-term Bitcoin holders decided to cut losses en masse amid the market’s recent correction.

Specifically, as Bitcoin plunged from Monday, February 24, highs of $96,500 to three-month lows of $86,050 on Tuesday, February 25, several short-term Bitcoin holders rushed to sell, realizing $1.7 billion in losses, the most since August 2024, when holders saw over $2.4 billion in losses.

This is according to CryptoQuant data shared by Head of Research Julio Moreno on Wednesday, February 26. 

Bitcoin Realized Profit and Loss CryptoQuant
Bitcoin Realized Profit and Loss | CryptoQuant

Reacting to the data, prominent crypto analyst Miles Deutscher asserted that it represented another “capitulation” signal in Bitcoin’s latest move lower.

In a previous X post, Deutscher had highlighted that the crypto Fear and Greed Index, which dropped to fear amid the market rout, had flashed its lowest reading since October 2024.

“People are finally getting nervous again. Believe it or not, that’s exactly what we need to eventually form a bottom,” he contended.

Be that as it may, Standard Chartered Global Head of Digital Asset Research Geoffrey Kendrick has cautioned that “the big capitulation” has yet to happen.

He expressed this in a note to investors on Tuesday, February 26, revealing that he expected even more outflows from Bitcoin ETFs (exchange-traded funds) after Monday’s record nearly $1 billion exit.

“I calculate that net ETF purchases since the US election are now running a loss of around $1.3bn, as per this chart. The average purchase price since then (using daily BTC closing prices) is $97k. These types of losses rarely end well and I still think the big capitulation is yet to come,” Kendrick wrote, urging more patience before buying the dip.

It remains to be seen where this further capitulation will take Bitcoin’s price. However, Glassnode has warned that the asset’s next significant support sits within the $71,000 and $72,000 price range.

Meanwhile, at the time of writing, the asset is exchanging hands near its local low of $86,050 at $86,200.

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