Chain News Today TheBitTimes.com

Dogecoin (DOGE) experienced an incredible rally earlier this month. The original memecoin’s price took off after Donald Trump won the US Presidential election. The rally was likely due to Elon Musk’s support for Trump and Bitcoin (BTC) hitting a new all-time high. Musk is one of the most significant DOGE supporters in the world. The asset’s price witnessed another rally after Trump greenlit the formation of a Department Of Government Efficiency (D.O.G.E.) on Musk’s recommendation. Also Read: Amazon: Can AMZN be the 4th Company to Hit $3T Market Cap? Dogecoin’s Price Movements Source – Bitcoinist DOGE is down by 0.9% in the last 24 hours. The dip was likely due to Bitcoin (BTC) slipping below $91,000 earlier this week. Also Read: De-Dollarization: Countries That Are Cutting Ties With the US Dollar Despite the dip, Dogecoin (DOGE) has maintained some gains in the other time frames. The memecoin is up by 2.8% in the weekly charts, 8.9% in the 14-day char...

The first meme coin, Dogecoin (DOGE), was once the most popular asset. Much of its popularity came from consistent endorsements from Elon Musk. Despite this, $1 seemed a massive task for the asset. The highest that DOGE has surged to is $0.7376. While several have been exiting the meme coin market due to its lack of utility, slow price movements, and Musk’s failing effect, others were looking at long-term benefits. Also Read: MEW and Popcat Surge: Meme Coins Defying Market Trends! Dogecoin’s Recent Performance And Market Sentiment Source The past 12 months have been eventful for the meme coin. DOGE has soared by nearly 80% during this time. The asset was trading at $0.1086 at press time, with a 1.43% increase over the past 24 hours. Dogecoin seemed to be performing reasonably well compared to the other assets in the market. DOGE witnessed a 7% spike in the previous week. Market Sentiment Source The market did not seem very confident about DOGE, either. According to data from CoinG...

Ripple’s XRP token has not hit the $1 level since November 2021 and the $2 level since January 2018. Although the asset is extremely popular for cross-border remittance purposes, its price has faced significant headwinds over the last few years. Also Read: Ripple: Can XRP Reclaim Its All-Time High of $3.40 in 2024? Why Has the Asset Struggled to Gain Momentum? One of the most significant barriers to XRP’s price was Ripple’s lawsuit with the US SEC. The financial watchdog accused the fintech company of selling unregistered securities in December 2020. The lawsuit presented substantial hurdles to the asset even during the 2021 bull run when other major cryptocurrencies were hitting new all-time highs. Recently, the lawsuit was settled in the US High Court, and Ripple was asked to pay a fine to the financial regulator. XRP’s price witnessed a brief rally, which has since cooled down. XRP to hit $2? Source – CryptoNews Telegaon’s Prediction Source: Telega...