Author: dfmines

Dogecoin has seen a significant uptick in activity over the past few hours as its price begins to rebound following a correction over the weekend. Over the last 24 hours, there has been a notable increase in the number of large DOGE transactions being moved across Dogecoin wallets. These large Dogecoin transactions, typically involving amounts greater than $100,000, are often regarded as an important indicator of a whale or institutional involvement in the market. Although the Dogecoin large transactions could as much be selloffs as they were accumulations, the sheer surge in activity shows a positive trend for the meme coin. Dogecoin Large Transaction Activity Intensifies The recent Dogecoin rally appears to be losing steam following an impressive surge that pushed its price above $0.42 for the first time since the 2021 bull market. A seeming profit-taking trend among traders that rode through the price rally has led to a pullback, bringing the Dogecoin price back below the $0.40 threshold. At the time of writing, the Dogecoin price is currently trading below $0.40, having corrected to a $0.346 low in the past 24 hours. Related Reading: XRP Price Rockets Past $1: On-Chain Data Unveils Key Holder Cohort Behind Breakout The correction has brought about the idea that maybe the Dogecoin price has finally expanded its sentiment among crypto investors. However, on-chain data suggests this might not be the case. Despite the price correction, the Dogecoin blockchain continued to witness a surge in activity. According to data from analytics platform IntoTheBlock, Dogecoin recorded $23.35 billion in Dogecoin’s large transaction volume over the past 24 hours, representing a notable 41.12% increase compared to the previous day. In addition, the blockchain registered 157,190 active addresses during the same period, marking a 34.91% rise. What Does This Mean For DOGE Price? These metrics highlight sustained interest in Dogecoin, even amid its price correction. The sharp increase in Dogecoin’s large transaction volume and active addresses suggests that traders, particularly large holders, remain engaged with the meme coin. Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started This renewed interest appears to have translated into increased buying pressure, as evidenced by a concurrent price uptick in the past 24 hours. DOGE has risen by approximately 4% during the past 24 hours and is now up 7.4% from its weekend low. Adding to the bullish sentiment, crypto analyst Captain Faibik has pointed out that the Dogecoin price is on the verge of breaking above the upper trendline of a falling wedge pattern. This falling wedge formation has been developing since DOGE’s price peaked at a three-year high of $0.4265 on November 14 and began consolidating. Based on this technical analysis, Captain Faibik predicts that a breakout from the wedge could trigger another rally, pushing Dogecoin’s price up by 25% to reach $0.47 At the time of writing, the Dogecoin price is trading at $0.38. Featured image created with Dall.E, chart from Tradingview.com

Shares in crypto exchange Bakkt jumped on Nov. 18 after a report that Donald Trump’s company is in advanced stages of a deal to buy the struggling business.

Michael Saylor’s poll ignites excitement as 85.6% of voters predict bitcoin smashing $100K by year’s end, fueled by record highs and massive Microstrategy buys. Bitcoin $100K Target Backed by Majority in Michael Saylor’s Poll Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor sparked debate over Bitcoin’s future with a poll on the social media platform X. […]

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Genius Group has plans for a podcast to help other firms considering Bitcoin as a treasury reserve asset after they found there was no clear blueprint for the process. 

BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019.

Coinbase CEO Brian Armstrong wants to scrap income taxes entirely, dumping the 150,000-page tax code and shifting the chaos to businesses. Coinbase’s CEO Challenges America’s Tax Code Chaos With Controversial Idea Brian Armstrong, CEO of cryptocurrency exchange Coinbase (Nasdaq: COIN), has proposed a sweeping change to the U.S. tax system, calling for the elimination of […]

Recently, XRP has gained immense attention in the cryptocurrency world. Its price recently touched new highs and attracted unparalleled public interest. According to Google Trends, search interest for XRP surged on November 16 up to a perfect score of 100. Related Reading: XRP Breaks $1 — Is The Garlinghouse-Trump Connection Fueling The Rise? This significant increase occurred mere days after interest had been stagnant at a measly 8, illustrating the rapidity with which sentiment can fluctuate in the cryptocurrency sector. A Remarkable Increase In Price The increase in search interest is in ideal harmony with the price performance of the coin. The altcoin was trading at approximately $0.77 on November 15, but it had risen to $1.27 by the following day, a remarkable 64% increase in just 24 hours. The current price of XRP is the highest it has been in three years, and many investors are enthusiastic about its potential to attain even greater heights. The most recent instance of a significant increase in interest in the crypto occurred in April 2021, when it reached a high of $1.96. Given the tumultuous history of XRP over the past few years, this recent rally is of particular importance. Now that it has regained its traction, the stagnation period and challenges it experienced have come to an end, and the price levels of the coin are hovering around the $0.40 dollar levels. Analysts are upbeat about its future, noting that the cryptocurrency remains well below its all-time high of $3.84, leaving ample room for potential growth. Factors Contributing To The Increase Newfound enthusiasm for XRP is being driven by a variety of factors. One significant factor is the accumulation of the digital asset by large investors, who are frequently referred to as “whales.” According to reports, these investors have recently invested more than $526 million in XRP, indicating their strong confidence in the cryptocurrency’s future potential. Additionally, the recent increase in open interest for XRP futures indicates that traders are anticipating additional volatility and price fluctuations. The demand for XRP is on the rise as more retail investors become involved in the coin’s promise, motivated by the fear of missing out (FOMO). XRP: Regional Trends And Global Interest Interest in XRP is a worldwide phenomena, not limited in any one area at once. According to the statistics, searches for XRP point the charge towards the Netherlands, Australia, Ireland, Finland, and Slovenia. This general curiosity reflects a more general trend of revived interest in cryptocurrencies as they gather traction among regular investors. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike XRP currently trades at around $1.18. It has been able to maintain its price above $1, while even undergoing minor drawdowns. The digital asset has seen a whopping gain of more than 104% within the last week. Market observers wonder what’s next for it. Although there is a wide range of predictions, from conservative estimates of $5 to more ambitious forecasts that imply potential highs of $300, one thing is certain: XRP is once again on the radar and could be on the brink of an exciting future in the crypto market. Featured image from Block Tempo, chart from TradingView

Optimistic roll ups seem to have way higher TVL compared to zk roll ups. I was under the impression that optimistic roll ups were ‘temporary’ solutions until zk roll ups were matured. Why is it that with Starketnet and Zk Era in play we don’t seem much TVL pivoting from say Arb/Op to those chains?…
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