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Business Mayor
09-05-2025
- Business
- Business Mayor
Why Is Dogecoin And Shiba Inu Surging Today?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin and Shiba Inu are surging today, providing a bullish outlook for the foremost meme coins, which have traded sideways for a while now. This price surge has come following developments on the macro side, which have provided some form of market clarity. Why Dogecoin And Shiba Inu Are Surging Today CoinMarketCap data shows that Dogecoin and Shiba Inu are up over 4% in the last 24 hours. This price surge came following the US Federal Reserve's decision to keep rates unchanged. Although the decision not to cut rates is typically bearish for crypto assets, Jerome Powell's speech after the FOMC meeting provided some clarity, which led to the surge. The Fed Chair stated that the US economy was in a good place, with inflation coming down. He also indicated that Trump's tariffs were the only concern, which was why they were still choosing to keep rates steady. Tariffs have become bullish for crypto assets like Dogecoin and Shiba Inu, with investors seeing Bitcoin as a hedge against this macro event. Last week, Bitcoin surged to as high as $97,000 amid tariff uncertainties, while Dogecoin and Shiba Inu held steady and looked primed for a surge. Now, this surge has come following the Fed's latest decision and Powell's speech. It is worth mentioning that BTC surged to as high as $99,000 following the speech, which also prompted the move from DOGE and SHIB. Dogecoin and Shiba Inu are also surging due to the US China trade war talks, which are set to begin on May 10. The two largest economies have imposed massive tariffs on each other, which has negatively impacted the market. As such, with trade talks set to begin, there is optimism that both countries could reach an agreement, which would be bullish for the foremost meme coins and the broader crypto market. Meanwhile, US Treasury Secretary Scott Bessent has revealed that the US could soon reach trade agreements with 17 of its key trading partners. Market participants also consider this development bullish since it will ease the negative impacts of Trump's tariffs. DOGE Could Reach As High As $0.30 On This Breakout Crypto analyst Trader Tardigrade has suggested that Dogecoin could reach as high as $0.30 on this potential breakout. In an X post, he stated that DOGE's daily chart appears to be forming a 'Diamond Bottom' reversal pattern, indicating a potential shift for the leading meme coin from a recent downtrend to an uptrend. His accompanying chart showed that the target is $0.28, although Dogecoin could also break the psychological $0.30 price level. Crypto analyst Master Kenobi also provided a bullish outlook for the meme coin, suggesting it could finally reach the much-anticipated $1 level if BTC maintains its bullish momentum. DOGE trading at $0.182 on the 1D chart | Source: DOGEUSDT on Featured image from iStock, chart from
Business Mayor
24-04-2025
- Business
- Business Mayor
Crypto Analyst Says This Meme Coin Is ‘Incredibly Undervalued' – It's Not Dogecoin Or Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the crypto market recovers and meme coins seem to be making a comeback, investors are looking to other options besides Dogecoin and Shiba Inu with the potential to make a major run this cycle. One crypto trader that has continued to make waves on social media for his meme coin conviction is Unipcs, also known as 'The Bonk Guy.' The most recent conviction trade posted by the trader is FLOKI, a meme coin that he sees outpacing the likes of Dogecoin and Shiba Inu. Following The Footsteps Of Dogecoin And Shiba Inu In the X (formerly Twitter) post, the crypto trader explained the reason why they are still bullish on FLOKI as compared to Dogecoin and Shiba Inu. For one, the meme coin has followed the footsteps of Dogecoin and Shiba Inu to become one of the few meme coins that have provably survived beyond a bull cycle. But not only this, FLOKI had gone on to make a new all-time high this time around, something not even Dogecoin or Shiba Inu had managed. Furthermore, the trader pointed out that the FLOKI price is currently down 80% from its all-time high. This means that there is a higher chance of the price recovery and providing returns. In addition, FLOKI is the 'biggest and most popular memecoin on BNB chain.' This led the meme coin cycle of the last bull market, and the blockchain seems to be making a comeback as traders flock back for possible meme coin gains. Read More What to expect as ATOM weakens further The FLOKI meme coin has also scored listings on all of the major crypto exchanges in the industry, ranging from Binance to Coinbase and Robinhood EU, among others. This makes it an easily accessible meme coin for even inexperienced crypto traders. Source: X Another major factor that could drive attention and a recovery for the meme coin is the fact that a FLOKI ETP is expected to be listed on Switzerland's SIX Swiss Exchange, which is the third-largest stock exchange in Europe. This was announced back in January 2025 after a unanimous vote in the FLOKI DAO to allocate tokens for the listing. Finally, the crypto trader attributes the aggressive mainstream marketing strategy that the team has adopted to make it a recognizable and appealing crypto brand for new crypto investors. Thus, he expects FLOKI to start picking up as crypto moves into the mainstream. 'IF we get an explosive memecoin season, i have a high degree of confidence that floki will be one of the top performers,' Unipcs said. FLOKI price follows market drawdown | Source: FLOKUSDT on Featured image from Dall.E, chart from
Business Mayor
22-04-2025
- Business
- Business Mayor
XRP Vs. Dogecoin: Analyst Reveals Price Action Levels For The Heavy Hitters
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Mindfully Lost has revealed price action levels for XRP and Dogecoin . He mentioned the resistance and support levels to keep an eye out for these heavy hitters amid this market downturn. Price Action Levels For XRP And Dogecoin In a TradingView post , Mindfully Lost stated that the range between $2.20 and $2.24 is the resistance level for the XRP price , noting that there is low volume around this area. Meanwhile, he revealed that the range between $1.92 and $1.95 is the major support level for the altcoin, as there is high volume around this area. The analyst told market participants to expect some consolidation through these levels. Meanwhile, for Dogecoin, the crypto analyst revealed the range between $0.167 and $0.169 as the major resistance level for the meme coin, noting that there is low volume around that area. Meanwhile, the range between $0.148 and $0.151 is the major support level for DOGE, as there is high volume around that zone. Besides Mindfully Lost, other crypto analysts such as CasiTrades have highlighted the $2 zone as being important for the XRP price. In a recent X post, CasiTrades remarked that XRP is still struggling at the $2.17 resistance, but lower supports are still valid. Source: CasiTrades on Tradingview The analyst revealed that there have been multiple failed attempts to break the $2.17 resistance. She added that this level continues to act as a strong ceiling and that if this rejection continues to play out, then the support at $1.90 and $1.55 remains firmly in play, indicating that the altcoin could still drop below $2. XRP & DOGE Whales Have Been Busy XRP and Dogecoin whales have been busy amid this market downtrend. In an X post, Martinez revealed that crypto whales have sold over 370 million XRP since the start of the month, presenting a bearish outlook for the altcoin. On the other hand, Dogecoin whales are actively accumulating. The analyst revealed that these whales have bought over 800 million Dogecoin in the last 48 hours, presenting a bullish outlook for the foremost meme coin. Binance traders are also betting on a bullish reversal for DOGE as Martinez revealed that 72.13% of traders on the crypto exchange with open positions are currently long. A bullish reversal for XRP and Dogecoin will largely depend on the Bitcoin price action, with the flagship crypto looking likely to drop lower at the moment. Meanwhile, crypto analysts Ali Martinez and Master Kenobi have highlighted how important it is for the Dogecoin price to hold the $0.14 support. Martinez stated that the foremost meme coin could drop below $0.10 if it loses that support level. Master Kenobi suggested that a drop below the $0.14 support could mark the end of Dogecoin's bull run. XRP trading at $2.07 on the 1D chart | Source: XRPUSDT on Featured image from iStock, chart from
