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DOGE’s extremely oversold conditions hint at price reversals akin to its 400% price boom in 2024. Dogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin’s richest holders have accumulated during the price declines, indicating their confidence in a potential rebound in the coming weeks. Onchain data from…
Solana weekly revenue was down to just $4 million last week, after peaking at $55 million during the height of the memecoin frenzy in January. Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana…
A US crypto reserve could offer “cover” to institutional investors, like pension funds, which have been hesitant to invest in crypto. A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04…
Memecoin industry observers predict a consolidation of major memecoins such as Dogecoin, Shiba Inu and the Official Trump memecoin. The memecoin market has erased all of the gains that followed Donald Trump’s presidential victory in November 2024, having lost more than half of its value since December. According to CoinMarketCap data, the total market capitalization…
Ethereum price has yet to recover from its 20% correction, but investors’ choice to pivot away from memecoins and Solana could be ETH’s saving grace. Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these…