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Dogecoin Holders Now Control $3.6 Billion In DOGE For The Long Haul

Dogecoin Holders Now Control $3.6 Billion In DOGE For The Long Haul

Since 2023, there has been a steady increase in the proportion of users who intend to keep using Dogecoin over the long term, with over 60% turning a profit and only 34% suffering losses. Included in this are 45 billion DOGE, which are currently valued more than $3.76 billion. According to CoinMarketCap, DOGE is currently trading at $0.0776, up 5% over the past week and over 3% over the past two weeks. The overall number of addresses for Dogecoin (DOGE) has risen to 3.18 million, with investors making up 74.66% of the total. It hasn’t reached this level of long-term investors since October 2021, when Dogecoin was selling at around $0.30. With a market cap of $10.7 billion, investors hold 75% of all Dogecoin wallets. The preceding month saw the addition of 360 million coins by Dogecoin miners, accounting for 3.5% of the coin’s overall cryptocurrency market worth. News Sorce

BLUR Token Plummets Over 28% in March, Despite Blur's Dominance in NFT Sales Market

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

In terms of NFT sales, Blur, a non-fungible token marketplace, has dominated the market, although its native token, BLUR, has lost 28% of its value since reaching an all-time high on February 14, 2023. With a circulating supply of 426.84 million BLUR tokens and a $75.59 million 24-hour worldwide trading volume, BLUR has the 161st highest market capitalization. News Sorce

$SHIB Price Surges to Highest Level Since March 14, Burn Rate Up by 1,632%

$SHIB Price Surges to Highest Level Since March 14, Burn Rate Up by 1,632%

The Shiba Inu dog breed is the inspiration for the decentralised cryptocurrency project called Shiba Inu ($SHIB). It was developed on the Ethereum blockchain as a Dogecoin substitute and consists of three distinct tokens, each with a distinct function. The burn rate has increased by 1,632% over the last 24 hours, and the token’s price has risen to its highest level since March 14th. After burning 90% of his $SHIB holdings and donating the remaining 10% to charity, Ethereum creator Vitalik Buterin introduced the burn rate mechanism in 2021. News Sorce

Biggest Movers: DOGE Hits 9-Day High, as LTC Climbs 6% on Saturday

Biggest Movers: DOGE Hits 9-Day High, as LTC Climbs 6% on Saturday

On Saturday, Dogecoin (DOGE) reached its highest level in more than a week after Elon Musk’s attorneys asked that a lawsuit brought by Dogecoin investors against him be dismissed. Another notable riser to start the weekend was Litecoin (LTC), which was also getting close to a one-week high. Less than 24 hours after trading at a low of $88.34, LTC/USD soared to an intraday high of $93.85. On the chart, LTC is approaching the $94.00 level of resistance, but bulls have not yet been able to push the price past that level. News Sorce

Top Crypto Analyst Says Bitcoin (BTC) ‘On the Cusp’ of Making History

Top Crypto Analyst Says Bitcoin (BTC) ‘On the Cusp’ of Making History

396 days before the scheduled April 2019 Bitcoin halving, Bitcoin (BTC) is about to make history with a key breakout to the upside. This is as a result of a significant macro downward resistance, a trendline that has maintained Bitcoin’s bearishness ever since it reached its all-time high in November 2022, and a quarterly bullish engulfing candle that has closed above the macro downtrend. This came before several upbeat quarters. News Sorce

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

During the bull market of 2021, Dogecoin (DOGE) gained popularity, but it has since lost the majority of its gains. The question of whether it will ever reach $0.7 again is raised by the fact that it is currently 90% below its all-time high from May 2021. There is no way to decrease the supply of dogecoin because it has an unlimited supply. To put this into perspective, the current rate of growth in the DOGE supply is approximately 5 billion coins annually, which equates to a 4% annual inflation rate. The meme coin, however, is driven by hype and so relies more on how the community feels about it than it does on its tokenomics. March was a rollercoaster for Dogecoin (DOGE), with some gains in the middle of the month, but the downtrend over the last two weeks has erased most of those gains, putting Dogecoin back in the red. At the time of writing, DOGE’s price is $0.0843, down 0.97% from its previous close and down 0.88% from one week earlier. Given that Elon Musk and Burger King continue to support DOGE, the likelihood of it recovering $0.7 remains high. News Sorce

Tron [TRX]: Will new upgrade foster stagnant staking activity? Gauging…

Tron [TRX]: Will new upgrade foster stagnant staking activity? Gauging…

Due to the USDC depegging and SEC investigation, the Tron [TRX] ecosystem had a wild March. Network traffic on the system grew steadily, but development activity fell 36%. This was a concerning indication that the ecosystem intended to force a significant upgrade on its users. Stake 2.0 is a proposal to simplify staking and resource management in the current system, but it has encountered opposition due to infrastructure readiness issues and a lack of testnet time. There are now 359,011 stakers on the network, and the network’s overall staking rate is 48%. At the time of writing, TRX was trading for $0.06568, and 19.92 million TRX tokens were removed from circulation in the last 24 hours. News Sorce

Analyst Predicts Burst to the Upside for Dogecoin, Says Top Memecoin Looks Primed To Have Its Moment

Analyst Predicts Burst to the Upside for Dogecoin, Says Top Memecoin Looks Primed To Have Its Moment

Dogecoin (DOGE) is poised for an upside burst, according to Kaleo, who will continue to support it until it experiences a respectable squeeze. A leading cryptocurrency trader is also revising his short-term forecast for Bitcoin (BTC). According to Kaleo, Bitcoin appears to be well-positioned to overcome several resistances on the shorter timeframe and climb above $30,000. News Sorce

Bitcoin fluctuates to hold US$28,000, Binance BNB token rises despite regulatory threat

Bitcoin fluctuates to hold US$28,000, Binance BNB token rises despite regulatory threat

After briefly breaking the US$29,000 barrier on Thursday, bitcoin fell in Friday morning Asian trading but continued to trade above that level. As investors took some profits off the recent rally, trading in the other top 10 non-stablecoin cryptocurrencies was mixed. BNB, the native token of the Binance exchange, led the winners despite the mounting regulatory challenges the exchange faces in the U.S. The world’s largest Bitcoin and Ethereum options exchange, Deribit, is set to expire over $4 billion worth of Bitcoin options on Friday, which could increase the volatility of Bitcoin and other cryptocurrencies over the weekend. As of 9:00 a.m., the Forkast 500 NFT index was up 0.06% at 4,008.23. Investors in NFTs are anticipating the opening of a bridge between Ethereum and DeGods, a Solana-based NFT collection, so that DeGods owners can transfer their NFTs to the Ethereum blockchain. The banking system is stabilising after a string of lender failures and sporadic bank runs, according to a decline in lending by the Federal Reserve to American banks in the week ending March 29. Investors are anticipating Friday’s U.S. Personal Consumption Expenditures index for additional clues about the potential course of the Fed’s initiative to reduce inflation. The outlook for the upcoming Fed meeting on May 3 is unclear to analysts. News Sorce

Biggest Movers: XMR Nears 6-Week High, as LINK Falls Near a Resistance Level

Biggest Movers: XMR Nears 6-Week High, as LINK Falls Near a Resistance Level

One of the notable gainers on Thursday was Monero (XMR), with prices rising for a third straight session. Earlier in the session, XMR/USD reached a high of $163.19, which was its highest level since February 20. On Thursday, Chainlink (LINK) traded mostly lower as the token failed to rise above a crucial price level. The 14-day relative strength index (RSI) hit its own ceiling at the 55.00 level, and sentiment in the current session has shifted primarily to the downside. News Sorce