Latest news with #IntellectiaAI
Yahoo
06-04-2025
- Business
- Yahoo
Analyst warns Elon Musk's favorite memecoin faces rough months ahead
On March 24, the price of Dogecoin recorded a spike of more than 7% within 24 hours. The meme coin was exchanging hands at $0.1843 at press time as per Kraken's price feeds. It had a market capitalization of over $27 billion. DOGE's 24-hour surge is the highest among the top 10 cryptocurrencies, barring Solana with an 8% surge. However, Intellectia AI founder and CEO Fei Chen cautioned traders that DOGE could face a tough time ahead during the second quarter of 2025. Chen said, "While technical analysis provides valuable insights, investors should not overlook external factors such as regulatory changes and macroeconomic conditions that can influence market dynamics." According to prediction, DOGE is expected to face a potential decline of -11.28% in the coming weeks that could push its price closer to the $0.155 range by early April. Chen, however, said that a predicted decline of 11% doesn't mean 'panic—it means plan.' He advised traders to use forecasts to guide strategy, 'not drive fear.' "Cryptocurrencies like Dogecoin offer exciting opportunities but come with significant risks. It's crucial for investors to balance their portfolios and not rely solely on speculative assets." Chen suggested diversifying their crypto portfolio or including 'stablecoins to hedge downturns.' Traders should also watch out for macro signals such as regulatory news and Bitcoin movements — factors technical patterns don't account for — that often trigger ripple effects in meme coins, advised Chen. DOGE is a pioneering meme coin that was launched in December 2013. Over the years, it has attracted the attention of several celebrities, including tycoon Elon Musk and rapper Snoop Dogg. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Analyst predicts bullish momentum for Shiba Inu, but Dogecoin may dip
Amidst the general slump in the crypto market, memecoins have rallied significantly over the last week. Both Dogecoin and Shiba Inu have surged over 18% over the last seven days. As per Kraken's price feeds, DOGE and SHIB were trading at $0.202 and $0.0000152 at press time. While the former recently surpassed Cardano (ADA) to become the 8th largest cryptocurrency with a market capitalization of $30 billion, the latter is the 17th largest cryptocurrency with a market cap of $9 billion. While the monthly price charts of both the meme coins nearly mirror each other, Intellectia AI — an artificial intelligence (AI)-driven financial intelligence platform — predicts diverging price actions for them during the upcoming month. The platform predicts that DOGE is expected to slip 11.28% to the $0.155 price range in early April. On the other hand, SHIB is expected to jump over 8.61% to hit the $0.0000143 mark in early April. Intellectia AI founder and CEO Fei Chen said, 'While Dogecoin continues to dominate in community activity, it's showing weaker short-term fundamentals. On the other hand, SHIB is demonstrating stronger technical signals, especially with utility growth via Shibarium and its DeFi ecosystem.' In fact, SHIB is at its highest price within a month, and its impressive burn rates have already created buzz. Other meme coins have also seen a reversal in their fortunes recently. Pepe has soared over 20% within a week to $0.058927. Bok has risen over 35% within a week to $0.00001479. Fartcoin and SPX6900 have surged 84% and 63% respectively and were trading at $0.6096 and $0.6468 at press time. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
