Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador showcases its bitcoin experience before China, and Binance becomes the first securities-enhanced crypto exchange in Brazil. El Salvador Showcases Bitcoin Success in Key Meeting With […]
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A known cryptocurrency analyst expressed his optimism about the possibility that the popular meme coin, Dogecoin, would reach the much awaited $1 per coin mark. Market analyst Trader Tardigrade believes the $1 mark is still feasible for DOGE’s price upswing in four days after welcoming the new year, indicating that the meme coin has entered a bullish period. Related Reading: Galaxy Digital Reveals Bold Dogecoin Price Prediction For 2025 $1 Per Coin Feasible Tardigrade believes that reaching the much-anticipated $1 milestone for Dogecoin is reasonable as the popular meme coin now ventures into the so-called Distribution phase. The market expert said that DOGE needs a 157% surge in its price to reach the coveted $1 level, adding that the price level is achievable soon as the meme coin follows the “Power of Three” pattern. “$Doge $1 is a reasonable target in this pattern,” Trader Tardigrade said in a post. Last year, Dogecoin achieved an impressive 252% price hike although towards the end, in December, it encountered bearish conditions that saw its price slide by 25%. #Dogecoin daily candle closed. It has just entered Distribution phase in the “Power of Three” (PO3) pattern 🔥$Doge $1 is a reasonable target in this pattern 🚀 pic.twitter.com/AoVdmTnwOl — Trader Tardigrade (@TATrader_Alan) January 4, 2025 Power Of Three Pattern Tardigrade revealed that Dogecoin has arrived at the Distribution phase, one of the three phases under the Power of Three pattern. The crypto analyst defined the Power of Three pattern as a structure with three phases that DOGE follows throughout its market cycle. The three phases are accumulation, manipulation, and distribution. According to Tardigrade, the Accumulation Phase began after DOGE’s price increased significantly in November 2024, which can be linked to the cryptocurrency market’s upbeat outlook following Donald Trump’s victory in the US presidential election. The crypto expert added that the meme coin went through steady price hikes and gained investor optimism during this phase. The Accumulation phase ended on December 17, signaling the arrival of the Manipulation phase, wherein investors saw DOGE price took a dip. Trader Tardigrade said that December had been a bearish period for DOGE, wherein its price went down and had a consolidation, adding that this phase continued until the end of 2024. During this turbulent period, Dogecoin lost around 25% of its value. However, the market analyst said that the Manipulation phase was essential for the meme coin because it prepared DOGE for the next phase, the Distribution phase. The Distribution phase began in the first four days of 2025 wherein the meme coin moved towards recovery by posting a 23.15% price increase in that four-day swing. Related Reading: Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details $1 Dogecoin Can Be Achieved Trader Tardigrade clarified that DOGE would soar to the highly expected $1 per coin because of the favorable conditions in this phase. A 157% price increase would push Dogecoin to $1 from its current price of $0.38961, according to the analyst, who also stated that the bullish forecast for the meme crypto is based on its past price swings. A feat the crypto analyst predicted Dogecoin could achieve since November 2024, the meme coin successfully pulled off a 160% price surge. Therefore, a 157% increase seems realistic. Featured image from Pixabay, chart from TradingView
The most trending meme coin and one of the fastest-growing tokens right now, Wall Street Pepe ($WEPE), has crossed the $40 million mark during its ongoing presale. $WEPE raised $100k within five hours of launching its presale on Decembers 3, and investors have been pouring in a daily average of $1.5 million into this project. Given the rate at which the tokens are selling out, the presale will probably end by February 2025. Two Big Reasons for $WEPE’s Record-Breaking Sales Many people may believe that WEPE’s exceptional presale numbers are due to its inspiration from the viral PEPE meme coin. If that were true, then all other PEPE-inspired coins that were launched in the last two years would be equally viral, but that didn’t happen. This means $WEPE is winning on its own merit. What we think is the biggest reason is that $WEPE offers holders of the token unique tools (similar to ones actual Wall Street traders use) to provide them crucial and unique trading insights, allowing them to make profitable investments. Up until now, the crypto markets have mostly been controlled by the crypto whales, who hide in insider groups. However, WEPE seeks to change this by vesting retail investors with the ability to have a serious say in the market. This will be done through the “WEPE army,” or the “Frog army,” which refers to the group of $WEPE holders. These crypto underdogs will be able to take back power from the whales through coordinated knowledge sharing, discussions, and crucial updates that will be exclusive to them. $WEPE Current Price & Predicted Future Growth The WEPE token is currently available for $0.00036642, but the prices will increase in around 35 hours from now, as it’ll enter the next stage of its presale. Do note that this is, at the moment, the lowest you can get $WEPE tokens for, so there’s little reason to delay what can be a golden opportunity. Expert investors are predicting that the token will offer a minimum of 10x return at launch. Furthermore, even ChatGPT has a positive stance on WEPE’s expected growth. The chatbot said that in the best-case scenario, WEPE might be the next 100x coin – and even conservatively, a minimum of 10x return is still expected, just as the other experts predicted. This is what traders call confluence, aka multiple iterations backing a trade idea. It’s worth noting that $WEPE’s price is expected to continue increasing even after launch. To join the $WEPE Army, visit the Wall Street Pepe website, connect your wallet (e.g. Best Wallet), and purchase $WEPE using either ETH or USDT. Bank card payments are also accepted. Last but not least, even though the market sentiments and technical factors point towards $WEPE being one of the best meme coin investments, we strongly recommend doing your own research and considering the above as a well-calculated opinion instead of financial advice.
IRS issues crypto relief, XRP market update, the Bitcoin quantum computing debate, and more in this Week in Review. Week in Review The IRS announced temporary tax relief for crypto holders on centralized exchanges in 2025. XRP broke key resistance, trading around $2.36–$2.40, with bullish momentum suggesting a potential target of $2.90. In Bitcoin news, […]
Dogecoin jumps 21% as whales accumulate over 1 billion DOGE, with analysts predicting it could hit $1 in 2025.
Ethereum, the second-largest cryptocurrency by market capitalization, had a lackluster 2024, underperforming against Bitcoin and many altcoins throughout the year. However, as 2025 begins, Ethereum is starting to show signs of recovery, gaining over 10% in less than a week. This early surge has rekindled hope among investors and analysts who see potential for a strong performance this year. Related Reading: Dogecoin Explodes Overnight – Price Action Suggests Fresh Highs Above $0.50 Top analyst Maartunn recently shared insightful data highlighting an ongoing trend of aggressive shorting in Ethereum markets. According to Maartunn, taker sellers have been dominating the market, outpacing taker buyers by over $350 million daily. This aggressive shorting could explain Ethereum’s poor performance in 2024, as constant selling pressure likely suppressed upward momentum. With the new year’s optimism, many believe this shorting trend may begin to shift, creating conditions for Ethereum to reclaim its position as a market leader. As the altcoin leader pushes past its challenges, the coming weeks will be critical to determine whether this early rally marks the beginning of a more sustained upward trend. Investors are closely watching Ethereum, anticipating that a reversal of these bearish trends could lead to a stellar 2025 for the network. Ethereum Rising Amid Aggressive Shorting Trends Ethereum is attempting to push above its 2024 high, but a decisive breakout remains elusive. Recent price action indicates the potential for a rally, with ETH posting early gains in 2025. However, the path forward isn’t clear-cut, as significant selling pressure continues to weigh on the altcoin leader. Top analyst Maartunn recently shared insightful data from CryptoQuant, shedding light on the current market dynamics. According to the data, Ethereum is experiencing aggressive shorting, with taker sellers dominating trading activity. Over $350 million more in sell-side pressure than buy-side activity is recorded daily, creating a challenging environment for ETH to break free from its current range. This trend, while suppressing prices in the short term, can’t last indefinitely. Market cycles often see such aggressive shorting as a precursor to a reversal, as sellers run out of momentum and buying pressure begins to build. Long-term investors are reportedly eyeing this phase as an opportunity, positioning themselves to capitalize on Ethereum’s relatively low prices. Related Reading: Solana Breaks Above Daily Downtrend – Analyst Expects New ATH Soon As Ethereum navigates these dynamics, the next few weeks will be crucial. A clean breakout above last year’s high could signal the start of a broader rally, attracting renewed interest and potentially reversing the ongoing shorting trend. For now, ETH remains at a pivotal juncture. Price Testing Crucial Levels Ethereum is trading at $3,650 after a robust start to 2025, gaining significant traction in the early days of the year. The price recently broke above the 4-hour 200 EMA with impressive strength, a technical indicator often viewed as a critical threshold for long-term trends. ETH is now testing the 200 MA on the same timeframe, a level that could confirm the bullish trend if reclaimed and held as support. A strong daily close above the 200 MA would solidify Ethereum’s upward momentum, potentially paving the way for a massive rally to challenge and surpass last year’s highs. Such a move would likely reinvigorate market sentiment and attract additional buying pressure, driving Ethereum to new levels in the near term. Related Reading: Chainlink Tunrns Resistance Into Support – ATH Next? However, the bullish outlook is not without its risks. If Ethereum fails to hold the 200 MA as support, the market could witness a renewed wave of selling pressure. This would likely push ETH back toward lower levels, eroding recent gains and prolonging its battle to regain upward momentum. Featured image from Dall-E, chart from TradingView
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