Из жизни альткоинов

The post-election rally is cooling off, and meme coin trading volume has dropped 52% since early December. Yet, just a year ago, the 24-hour trading volume of meme coins stood at $1.75B. Today, it’s at $11.55B – 560% higher.

In other words, the meme sector still offers quick riches – the trick is choosing the right project to put your money in. However, investing in pioneers like $DOGE is no longer a foolproof strategy, given how quickly newcomers like $SPX and $AI16Z outperform the oldies.

Meme Index ($MEMEX) could be the solution to our woes. The world’s first meme coin index raised $2M in its first two weeks on presale as investors quickly realized its long-term prospects.

From Wild West to Safe Haven: Why $MEMEX Attracts Risk-Averse Investors

Until now, ‘indexes’ was a Wall Street word. Something white collars buy with their hard-earned money in the hopes it would bring a 20% yearly return (not impressive for a crypto trader, right?). S&P 500, Nasdaq Composite, that kind of stuff.

However, indexes have one massive advantage over other investments – low risk. Diversification means each asset has a lower impact on your overall portfolio, so gains in other assets offset losses in others.

On top of that, you don’t have to research each stock and track its performance. Just buy a basket, sit back, relax, and watch your investment flourish (with a few exceptions).

Meme Index brings this approach to meme coin trading. It introduces four indexes catered to different risk tolerance levels:

• Titan – Established meme coins with the largest market cap and lowest volatility
• Moonshot – Tokens that have the chance to rival the top 10
• MidCap – Mid-volatility coins that could join the Moonshot or Titan league or flop
• Frenzy – The newest, most volatile assets for the most daring traders

Each index is dynamic. The meme coin ranking can change in the bat of an eye, so baskets are regularly updated according to market trends.

Essentially, Meme Index is a safe-haven investment for the degen community. The combination of high potential upside and relatively low risk could even attract institutional investors who previously dismissed the meme coin market as a playground for speculators.

Governance Rights and 1,102% APY for $MEMEX Holders

This innovative approach to meme coin investments quickly drew attention to Meme Index. Holders of its native token, $MEMEX, gain governance rights and can vote on which tokens are included in the four indexes.

Besides, $MEMEX now offers a 1,102% staking APY, so early adopters can passively grow their portfolio.

The $MEMEX presale kicked off two weeks ago and already surpassed the $2M milestone. One $MEMEX now costs $0.015043, but the price will increase in 23 hours, which means there will be no better time to join the project than now.

After all $MEMEX allocated to the presale sells out, the token will launch on major exchanges. However, there’s no reason to cash out your investment early as HODLing $MEMEX could bring greater returns in the long term.

A Safer Path to Meme Coin Profits

Meme Index could benefit the entire meme coin sector because investors wary of extreme volatility could gain safer exposure.

To join the presale and buy $MEMEX, visit the official Meme Index website, connect your wallet, and exchange $ETH, $BNB, or $USDT for your tokens.

Meanwhile, we remind you that even low-volatility assets carry a certain degree of risk. There’s no guarantee that $MEMEX will bring you the return you expect, so always DYOR and only invest as much as you can afford to lose.

Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongoing changes in South Korea’s regulatory approach.

FSC Planning To Ease Restrictions

On Wednesday, Yonhap News Agency reported that FSC’s Secretary-General Kwon Dae-young announced legal entities will be allowed to invest in cryptocurrencies starting this year. Kwon stated that the regulatory agency plans to relax its restrictions on institutional crypto trading and investment to “strengthen collaboration between financial institutions and fintechs.”

According to the report, the FSC is set to consider a proposal to allow the issuance of real-name accounts to corporations, which is currently restricted. Real-name accounts are required for virtual asset investments, as only the accounts that have completed this verification under the Specified Financial Transaction Information Act are allowed to invest in digital assets.

Nonetheless, financial authorities have limited institutional crypto trading by guiding banks not to issue these accounts to corporations, despite the absence of any legal barrier or official ban.

In the “Major Work Plan for 2025,” the FSC revealed this change would be gradually implemented, with the financial regulator working on a “detailed plan” to allow non-profit corporations first through its Virtual Asset Committee, and slowly expand.

Moreover, the South Korean watchdog plans to promote the second phase of the Virtual Asset User Protection Act, which includes regulations on the distribution of digital assets.

The FSC’s Secretary-General explained that the regulator needs “to discuss how to create listing standards, how to deal with stablecoins, and how to create rules for the behavior of virtual asset exchanges,” adding that the government will align with global crypto regulations.

Additionally, the report notes that the FSC plans to introduce a “screening system for the eligibility of major shareholders of virtual asset operators through amendments to the Special Financial Transactions Act.”

The regulator will also work on improving self-regulation by implementing criteria for reviewing memecoins and other cryptocurrencies to protect investors, and it will introduce forensic equipment to investigate unlawful trading behavior.

South Korea’s Changing Crypto Landscape

Over the last few years, South Korea has attempted to shift to a more regulated and stable environment for investors. Kora Exchange’s Chairman, Jeong Eun-bo, has called for a change in lawmakers’ and financial institutions’ view of crypto assets.

Jeong suggested that the country’s regulator consider incorporating virtual assets into institutional finance to revitalize the market, “create added value,” and compete with other countries.

It is worth noting that the FSC’s stance on virtual assets has been criticized for seemingly challenging the market’s development and international competitiveness.

Nonetheless, the ongoing shift has seen the creation of the Virtual Asset Committee to advise and discuss industry-related policies. Moreover, the FSC announced that this group would soon review the long-standing ban on crypto-based investment products.

As reported by Bitcoinist, Jeong announced the Korea Exchange’s plan to explore crypto exchange-traded funds (ETFs) in 2025 after the country’s capital markets faced substantial challenges in 2024.

Additionally, the country has postponed the crypto taxation policy by two years. The policy, previously set to be introduced in January 2025, will collect 20% capital gains tax from investors trading digital assets. Following the delay, the tax policy is expected to be implemented in 2027.

Власти Китая представили план по ускорению развития национальной инфраструктуры с использованием блокчейна для создания единой системы управления государственными органами.

Федеральный суд Техаса обязал раннего биткоин-инвестора Фрэнка Альгрена передать правоохранительным органам все открытые и закрытые ключи, учетные записи и коды доступа, а также цифровые устройства для хранения криптоактивов.

Заместитель премьер-министра и министр финансов Таиланда Пичаи Чунхаваджира представил пилотный проект по использованию биткоинов в качестве альтернативы наличным деньгам в курортной зоне Пхукет.

Эксперты QCP Capital считают, что предстоящие публикации данных Федерального комитета по операциям на открытом рынке ФРС США (FOMC) и отчета о занятости в несельскохозяйственном секторе (NFP) окажут влияние на динамику биткоина.

Сооснователь Terraform Labs До Квон (Do Kwon) предстанет перед нью-йоркским судом в начале следующего года по обвинению в мошенничестве из-за краха стейблкоина TerraUSD в 2022 году.

Bitcoin’s sentiment has taken a sharp turn, moving from bullish optimism above the $100K mark to growing fear as the price hovers around $95K. The much-anticipated clean breakout after reclaiming the $100K level has failed to materialize, leaving investors questioning the strength of the current bull trend.

Top analyst Axel Adler shared insightful data on X, revealing a notable shift in the market’s realized profit metrics. The average daily realized profit has dropped from $136M to $93M, signaling a cooling phase. Despite this decline, the current realized profit levels remain comparable to the peaks of the 2021 cycle, highlighting the ongoing strength and activity within the market.

This data underscores the duality of the current situation: while Bitcoin still shows signs of resilience, the failure to sustain momentum above the $100K mark has introduced uncertainty into the market. Analysts and investors are now closely watching the $95K level, a critical support zone that could determine whether Bitcoin regains its bullish trajectory or faces a deeper correction. The coming days will be crucial as the market seeks clarity and direction in this pivotal phase.

Bitcoin Metrics Set A Market Picture

Bitcoin’s current phase is a consolidation, a typical behavior after breaking significant psychological and technical levels. Since Bitcoin first crossed the $100K mark on December 5, the price reached an all-time high of around $108K before consistently consolidating below the $100K threshold. This period of sideways action has introduced mixed sentiments, with bulls eager for another leg up and bears eyeing potential corrections.

Analyst Axel Adler shared critical insights on X, highlighting a drop in the average volume of realized profit from $136M/day to $93M/day. Despite this decrease, Adler points out that these figures remain comparable to the peak of the 2021 cycle, showcasing robust market activity. Historical data reinforces this perspective, as September 2021 and 2024 both saw mini-bullish rallies begin when average daily realized profits were approximately $15M—a fraction of the current levels.

It’s important to note that Adler’s analysis relies on 30-day moving averages, which smooth out short-term fluctuations but also mean that actual realized profits are significantly higher. For instance, on November 21, 2024, one month after the rally began at $98K, daily investor profits soared to $443M.

These metrics suggest that while Bitcoin is consolidating, underlying market activity remains strong, laying the foundation for a potential bullish continuation. If BTC holds key levels, another surge to test or surpass recent highs could be on the horizon.

BTC Technical View: Key Levels To Hold

Bitcoin is trading at $95,400 after losing key levels, including the psychological $100K mark, the 4-hour 200 MA at $98,290, and the EMA at $96,480. This series of breaks indicates short-term bearish price action, raising concerns among investors about the potential for further downside.

However, despite this aggressive selling pressure, some analysts suggest that this could be a move to generate liquidity before another push higher. This kind of volatility is not uncommon during consolidations near critical levels, especially after a significant rally like the one Bitcoin experienced in December.

The $95K mark now serves as a pivotal support zone for bulls. If BTC manages to hold this level in the coming hours, it could signal the end of this bearish phase and set the stage for a quick recovery. Reclaiming the $96,480 EMA would be an encouraging first step, while a move above the $98,290 4-hour 200 MA would confirm a return to bullish momentum.

Market participants are closely monitoring these levels, as a sustained hold above $95K could reignite confidence and set Bitcoin back on its upward trajectory. However, failing to maintain this support could lead to deeper corrections in the short term.

Featured image from Dall-E, chart from TradingView

Американский миллиардер и автор книги о финансах «Богатый папа, бедный папа» Роберт Кийосаки заявил, что крах фондового рынка уже произошел и сейчас лучшее время для покупки биткоинов.

Сенатор-республиканец от штата Оклахома Дасти Диверс (Dusty Deevers) выдвинул законопроект, позволяющий местным жителям получать зарплату в биткоинах, а продавцам — принимать платежи в криптовалюте.

Председатель Комиссии по ценным бумагам и биржам США (SEC) Гэри Генслер, завершающий свою службу в ведомстве, заявил, что большинство криптопроектов не смогут долго просуществовать из-за мошенничества и рыночных манипуляций.

In a recent interview with Bloomberg Crypto, Ripple President Monica Long expressed strong optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States. Long also provided insights into the expansion of Ripple’s new RLUSD stablecoin, which she believes will see major adoption in the coming months.

Ripple’s RLUSD Set For Broader Distribution

Currently, RLUSD is listed on Bitso, MoonPay, and CoinMina, with additional listings in progress on platforms like Bullish and MercadoBitcoin. Asked about availability on larger US-based exchanges such as Coinbase, Long stated: “We are continuing to expand distribution and availability of Ripple dollars on other exchanges. So I think you can expect to see more availability, more announcements coming soon.”

When pressed for a timeline, she emphasized: “Imminently.” Long highlighted the growing role stablecoins play in both trading and payments, describing them as “the way to on-ramp and off-ramp” in crypto. According to Long: “If we look at the crypto landscape overall, it has certainly been growing in the past couple quarters. We think this year is going to be a big year for crypto overall. And so demand for stablecoins, we think, will grow along with that. […] Ripple US dollar will have a premium role.”

Since launching on Ethereum and the XRP Ledger in December, RLUSD has reached a market capitalization of around $53 million. Ripple has integrated Chainlink services into RLUSD to enhance its utility in decentralized finance (DeFi) protocols, further supporting Long’s vision for widespread adoption.

XRP ETF: “Very Soon”

In addition to RLUSD, Long addressed the prospect of an ETF, predicting a relatively short runway for regulatory approval: “I think we will see one very soon. I think that we will see more, you know, various crypto spot ETFs this year coming out of the US. And I think XRP is likely to be next in line after Bitcoin and ETH.”

She noted that various asset managers—including Canary Capital, WisdomTree, 21Shares, and others—have already filed for XRP ETFs. Pointing to a more favorable regulatory environment, Long added: “There’s already been a number of different companies like Canary and others who have filed. And so we think especially with the administration change and that the approvals of those filings will accelerate.”

In October, Bitwise filed a registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC) for an XRP ETF. Since then, multiple firms have submitted applications, but the SEC has yet to make a decision.

Long revealed that Ripple’s payments business doubled last year, indicating strong institutional and corporate demand for its solutions. She also cited an “especially big” close to 2024 for Ripple’s US business, noting that the company signed more local deals in the last six weeks of that year than in the previous six months.

Speculation has mounted that the Trump administration’s crypto-friendly posture could speed up approvals of crypto ETFs. XRP prices have surged over 350% since Trump’s election victory, outperforming many other major cryptocurrencies during the same period.

At press time, XRP traded at $2.31.

Очередной случай криптовалютного мошенничества произошел в Беларуси ― жительница Бреста в попытке заработать на инвестициях в цифровые активы перевела мошенникам 120 000 белорусских рублей.

Bitcoin has faced severe selling pressure after briefly reclaiming the $100K mark, only to lose it in under three days. The swift reversal has left investors on edge as BTC now struggles to find stability around the $95K level. This critical support zone is pivotal in determining whether BTC can recover or face a deeper correction in the coming days.

Top analyst Axel Adler recently shared valuable insights on X, highlighting a concerning trend in Bitcoin’s network activity. According to Adler, the average weekly change in the number of active addresses on the Bitcoin network has dropped to extremely low values since crossing the $101K level. This metric, often a key indicator of market engagement, suggests waning momentum and a potential cooling in demand.

With uncertainty dominating the market, all eyes are on Bitcoin’s ability to hold the $95K level and attract renewed buying pressure. Analysts warn that failing to establish support here could lead to further declines. However, if BTC manages to regain strength, the next push above $100K could mark a turning point in this volatile phase. The coming days will be critical in shaping BTC’s trajectory for the near term.

Bitcoin Enters A Crucial Moment 

Bitcoin is navigating a critical phase after losing the $100K mark and dipping below the $98K level. This unexpected downturn has sparked concerns among investors and analysts, who are closely monitoring the $92K support level—a pivotal zone that could determine whether BTC reclaims its bullish momentum or extends its correction.

CryptoQuant analyst Axel Adler recently shared insightful data on X, shedding light on the market’s current state. Adler highlighted that the average weekly change in the number of active addresses on the BTC network has dropped to extremely low values since crossing the $101K level.

While this might seem bearish at first glance, Adler noted that this trend aligns with a bullish pattern when adjusted for volatility in the futures market. Historically, similar patterns have preceded significant rebounds, making the next few days critical for Bitcoin’s trajectory.

The crypto community remains cautiously optimistic, as the broader market sentiment suggests the potential for a bullish run in the coming weeks. However, BTC must first establish a solid foundation above the $92K level to regain investor confidence. A successful rebound could pave the way for another attempt to break the psychological $100K mark, but failure to hold key support could signal further declines.

Testing Crucial Demand 

Bitcoin is currently trading at $95,000 after experiencing a sharp 7% decline from the recent high of $102,300. This level is crucial for bulls to maintain strength and preserve the broader bullish structure that has defined Bitcoin’s price action in recent weeks. Holding above this zone is vital for setting the stage for a potential recovery and another attempt to reclaim the $100K mark.

However, the market remains on edge as the $92K level emerges as the final line of defense. Losing this critical support could signal a significant shift in market sentiment, opening the door to a deeper correction toward the $85K level. Such a move would likely amplify bearish pressure, further testing investor confidence during this uncertain phase.

Analysts emphasize that the current consolidation is a pivotal moment for BTC. If bulls manage to stabilize the price at $95K and regain momentum, the path to recovery could begin. Conversely, failure to hold the $92K mark would heighten the likelihood of prolonged consolidation or even a sharper downturn. The next few days will be decisive, with trading volumes and market sentiment playing key roles in determining Bitcoin’s direction.

Featured image from Dall-E, chart from TradingView

The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin’s long-term resilience seem to have once again resurfaced.

CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”.

The discussion focused on two critical aspects: Bitcoin mining security and private key vulnerabilities, both of which could face significant challenges as quantum technologies progress.

Quantum Threats to Bitcoin Mining and Network Security

Bitcoin’s proof-of-work (PoW) system relies on computational power to validate transactions and secure the network. The SHA-256 hash function, integral to Bitcoin mining, currently ensures strong security by, preventing malicious actors from tampering with the blockchain.

However, CryptoQuant warns that quantum algorithms, specifically leveraging advanced algorithms such as Grover’s, could substantially “accelerate hash-solving processes.”

If quantum computers become capable of outperforming classical mining hardware, it could tilt the balance of power in mining, enabling quantum-equipped miners to dominate block validation. This dominance would not only disrupt network consensus but also potentially compromise Bitcoin’s decentralized structure.

CryptoQuant emphasizes the importance of maintaining a significant share of non-quantum computing hash power in the network. A healthy and diverse mining ecosystem would mitigate the risks posed by any entity gaining disproportionate control via quantum technology.

While quantum supremacy in mining remains speculative at this stage, the ongoing developments in the field warrant close monitoring by stakeholders, including miners and developers.

Private Key Security: Vulnerabilities And Adaptations

Beyond mining, quantum computing also presents risks to BTC’s private key security. The Bitcoin network uses cryptographic systems to secure wallets and transactions, with public and private keys forming the basis of ownership.

According to CryptoQuant, Shor’s Algorithm could theoretically allow quantum computers to deduce private keys from public keys, thereby compromising wallet security.

Particularly vulnerable are Pay-to-Public-Key (P2PK) addresses, where the public key directly serves as the wallet address. In contrast, Pay-to-Public-Key-Hash (P2PKH) addresses provide an additional layer of security by hashing public keys.

Private Key Security & Quantum Risks

Another major concern is Shor’s Algorithm, which could, in theory, allow quantum computers to find private keys from public keys. ‘Pay to public key’ (P2PK) addresses are most vulnerable to quantum attacks, as the public key serves directly… pic.twitter.com/q2NBvbwGLe

— CryptoQuant.com (@cryptoquant_com) January 7, 2025

However, when BTC from these addresses is transferred, the public key is exposed, increasing susceptibility to quantum attacks. CryptoQuant also observed a notable increase in P2PKH address usage, rising by 14% in recent months.

While the exact cause of this shift remains unclear, it suggests heightened awareness and caution among Bitcoin holders regarding quantum vulnerabilities.

Featured image created with DALL-E, Chart from TradingView

Investors’ optimism and confidence in Bitcoin are rising rapidly after the flagship asset’s latest price surge to previous resistance. This growing sentiment of investors is particularly seen among Bitcoin long-term holders, solidifying its position as the leading digital asset for long-term investments.

Long-Term Bitcoin Holder Supply Inches Higher

With the market demonstrating a healthy trend, Axel Adler Jr., an on-chain expert and author, has identified a shift in Bitcoin’s long-term holders’ behaviour. The expert reported that the holders’ supply has slightly increased, reflecting renewed confidence among seasoned investors despite recent market fluctuations.

This modest growth implies that investors who have held BTC for an extended period are gradually accumulating the asset, signaling rising belief in BTC’s future potential. If the trend continues, as seen in previous scenarios, such developments can trigger a price surge for BTC.

Axel Adler cited the rise following a thorough investigation of the Short-term Holder Vs. Long-term Holder Supply metric. The trend frequently coincides with periods when the market is consolidating, which might pave the way for the subsequent significant price movement.

According to Axel Adler, the Long-Term Holder supply exhibited a minor increase in comparison to the Short-Term Holder supply after the peak sell-off at the $100,000 level. Adler highlighted that the advancement indicates that BTC bought about 155 days ago has now entered the LTH cohort. Should this growth be maintained in the next week, it can be regarded that long-term holders’ sales at recent levels have ended.

Total BTC Supply In Profit See Notable Growth

The rise in long-term holders’ supply comes as the amount of Bitcoin supply in profit increases sharply. Data from Adler shows that over 90% of the overall BTC supply is currently in profit, signaling growing optimism in the crypto market.

As the market gains traction, this growth underscores the substantial profits for long-term holders and the strength of Bitcoin’s recent price increase. Furthermore, the development could spark extended bullish momentum or a potential profit-taking phase.

In the absence of a “black swan” event in the ongoing cycle, Alder highlighted that the market could mirror the 2017 bull cycle. Specifically, this will be defined by a bullish trend with few reversals to the metric level of 80%.

If not for China’s mining restriction, which halted the bull trend, the expert believes the 2021 cycle would have followed a similar path. Thus far, investors and traders are closely watching the trend’s influence on prices since the metric is crucial in determining BTC’s next trajectory.

Currently, BTC has witnessed a sharp pullback after a significant rally to about $102,000, triggering uncertainty within the community about its bull run. Despite the decline, many investors are maintaining a positive sentiment, as indicated by a nearly 31% rise in its trading volume in the past day.

As noted by Lookonchain, a Solana trader has turned heads with profits of almost $20 million each from $ai16z and $Fartcoin, and with an 89.07% win rate over the past 30 days. As shown by on-chain data, these profits have been made through a strategy of buying very early into low market cap cryptocurrencies. Interestingly, on-chain movements in the past 24 hours show that the trader is now making more moves into other low market cap cryptocurrencies.

Solana Trader Makes 6,400x And 1,490x Returns On $ai16z And $Fartcoin

The crypto industry is home to millions of cryptocurrencies, and thousands more are created each day. Identifying the most promising cryptocurrencies to invest in out of the multitude is a daunting task for crypto investors. 

However, a few investors shoot up from time to time with crazy returns and make crypto investments look very easy. Such is the case of this Solana smart trader, who has made quite a return on crypto investments in the past few months. The most notable of these investments are $ai16z and $Fartcoin. 

The Solana trader’s success with $ai16z stands out as one of the most impressive returns in recent months. On October 25, 2024, he identified the token early and purchased 9.16 million $ai16z for just 18 SOL, roughly $3,000. Since then, the value of $ai16z has grown massively, and he has sold a portion of his holdings (1.32 million tokens) for $1.71 million, but he continues to hold 7.85 million $ai16z valued at $17.26 million. His total profit from this trade has reached $19 million, translating to a 6,400x return on his initial investment.

Another significant win for the trader came from $Fartcoin, where he invested $12,200 to acquire 17.31 million $Fartcoin at a market cap of $83,000. At the time of writing, $Fartcoin has a market cap of $1.02 billion, meaning the initial investment has yielded a total profit of more than $18 million. He has since sold 6.71 million tokens for $5.41 million while still holding 10.6 million $Fartcoin worth $12.83 million.

What’s Next? Low-Cap Tokens And A Major Bet On $OPAIUM

As noted by Lookonchain, the trader’s latest moves involve a series of small bets on low-cap tokens such as $eef, $DEAL, $GG, $SXBT, $FARTOLOGY, and $TBOO, which are relatively high-risk, high-reward opportunities. However, the most substantial recent investment is in $OPAIUM, where he has allocated 400 SOL, approximately $86,000.

Given the impressive track record of the Solana trader, these low marketcap cryptocurrencies are some to keep an eye on, especially $OPAIUM.

Recent price movement points to a notable upside momentum for Dogecoin in the upcoming days as the general crypto market gains traction. However, certain indicators show that the dog-themed meme coin’s next upward move might be tied to Bitcoin’s price dynamics.

Will Bitcoin’s Price Action Unlock Dogecoin’s Next Surge?

As Bitcoin continues to be a dominant force in the crypto market, its price trajectory might act as a catalyst for broader market trends. Meanwhile, crypto expert and trader Kevin has pointed out that Dogecoin’s potential for a bullish breakout may heavily depend on Bitcoin’s next key price movement.

Given that DOGE is currently stabilizing close to crucial levels, a strong move by Bitcoin could bolster the meme coin’s upward momentum, leading to a surge. With the market experiencing a notable rise in inflow, DOGE may attract the necessary momentum for a price surge, targeting key resistance levels such as the $0.40 mark.

Delving into Dogecoin’s recent price action, Kevin highlighted that Dogecoin and the macro 0.5 Fibonacci extension are engaged in a fierce battle. While the Fibonacci extension marks a significant resistance, the expert noted that it is the key to revisiting the macro golden pocket.

Meanwhile, Kevin contends DOGE’s success in this situation will be entirely dependent on Bitcoin’s capacity to emerge from its macro golden pocket. The development may kickstart the much-anticipated rally for the meme coin to a new all-time high.

It is worth noting that Dogecoin’s macro golden pocket is positioned at the $0.49 level. Kevin claims that the level marks a critical resistance point that must be cleared before DOGE can continue its journey toward a new all-time high.

The $0.49 point is the first crucial resistance zone out of the few levels pointed out by Kevin that DOGE must break for a bullish breakout. After conquering the $0.49 macro golden pocket, the expert highlighted that the next resistance sits at $0.53, a level that represents a critical Fibonacci extension point of 0.703.

Following a breakout from the $0,53 mark, Kevin has underlined another critical resistance at $0.59, which he labels the “final boss,” marked by another key Fibonacci extension level at 0.786. Should the Dogecoin break the $0.59 level, Kevin is confident the next rally could push the meme coin to a new all-time high.

Key Chart Pattern Emerging For DOGE

After a strong upward move at the start of the week, DOGE’s price has declined immensely, especially in the last 24 hours. While this drop threatens Dogecoin’s uptrend, it might be short-lived as a bullish formation is developing on the 1D chart.

Looking at the 1d chart, Trader Tardigrade, a crypto expert, has cited an emerging Cup with Handle formation, a technical pattern that often precedes an upswing. Once the pattern fully develops and DOGE breaks out on the upside, it might trigger a bullish wave for the meme coin to higher levels.

The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins. 

Why The Shiba Inu And Dogecoin Prices Crashed Today

CoinMarketCap data shows that the Shiba Inu and Dogecoin prices have crashed over 10% today. This development came following the release of the JOLTS job openings and ISM Services PMI data. The JOLTS job openings came in stronger than expected, rising to 8.09 million for November 2024. 

The ISM Services PMI also came in stronger than expected, rising to 54.1% in December, marking the sixth month of expansion. While these figures suggest the US economy is healthy, they present a bearish outlook for risk assets like cryptocurrencies, which is why the Shiba Inu and Dogecoin prices crashed. 

With such economic figures, the US Federal Reserve could feel less motivated to cut interest rates and instead keep them steady. The CME FedWatch data shows that the probability of the Fed keeping rates unchanged at its next FOMC meeting rose to 95.2% following the release of these economic data. 

The likelihood of the Fed keeping interest rates steady has sparked a bearish sentiment among investors, which led to a wave of sell-offs in the crypto market, with Shiba Inu and Dogecoin also caught in the mix. It is worth mentioning that the Bitcoin price also dropped from around $101,000 to as low as $96,000 following the release of these economic figures. 

As such, the Shiba Inu and Dogecoin prices were bound to drop, given their strong positive price correlations to the flagship crypto. These meme coins are still at risk of further sell-offs if the Bitcoin price suffers more pullbacks. 

Some Positives For The Meme Coins

Despite the recent crash, there are still some positives for the Shiba Inu and Dogecoin prices. On the fundamentals side, Donald Trump’s inauguration is fast approaching, with the US president-elect set to take office on January 20. This presents a bullish outlook for the foremost meme coins, given Trump’s pro-crypto stance. 

Trump recently stated that the interest rates are too high amid the growing inflation. This suggests that the incoming president might pressure the Fed to cut rates, which is undoubtedly bullish for the Shiba Inu and Dogecoin prices. Meanwhile, Musk’s Department of Government Efficiency (D.O.G.E) will finally come to life, which is particularly bullish for Dogecoin. 

From a technical analysis perspective, crypto analyst Master Kenobi provided a bullish outlook for the Dogecoin price, predicting it would reach a new high once Trump takes office. The Shiba Inu price is also expected to follow suit, given the strong price correlation between these meme coins. 

In a striking revelation on the latest episode of the Coin Stories podcast, host Nathalie Brunell interviewed The Digital Chamber founder & CEO Perianne Boring, who disclosed an unvarnished and previously unknown response from members of the United States Federal Reserve. According to Boring, when she discussed the idea of a US Strategic Bitcoin Reserve during a meeting with officials at the Board of Governors of the Federal Reserve System, one official declared it “the dumbest idea” ever.

Boring recounted the tense atmosphere in the Fed boardroom from last week. “When I brought this up I’d never seen a reaction like quite the one I saw at that boardroom table. You know the folks in the room at the FED were cussing, saying this is the dumbest idea they’ve ever heard. There’s nothing strategic about Bitcoin,” she recounted.

She added that they were nearly got “kicked out of the room because [the Board of Governors of the Federal Reserve] thought this was such a bad idea and how dare we even like to breathe this idea in the building of the Federal Reserve,” adding that Trump campaign promise to establish a national stockpile of Bitcoins “will not be without controversy” and “will not be without push backs.”

Brunell asked whether this opposition stemmed from a “knowledge and education gap” or an entrenched interest in preserving the status quo. Boring responded that it might be both, as the Fed currently has a monopoly on money issuance. Yet, she argued that incorporating BTC might actually preserve that by potentially backing the US dollar or Treasury bonds with BTC.

“I think for one, the Federal Reserve has a monopoly on money today and you know it’s in the Fed’s individual interest to protect that Monopoly although I actually think Bitcoin can preserve that by adding Bitcoin to the US balance sheet or backing the US dollar with Bitcoin or issuing bonds US Treasury bonds that are backed by Bitcoin,” Boring reasoned.

Will This Stop Trump’s Bitcoin Stockpile Plans?

Brunell pointed to recent statements by Trump and his family – in particular Eric Trump’s speech at the Bitcoin conference in Abu Dhabi – which show that the President-eclect could follow through with his words, and might even pay off some part of the national debt with a “crypto credit card” or even abolishing the capital gains tax on BTC.

Asked about Trump’s potential avenues to make good on his pro-Bitcoin rhetoric, Boring explained: “So there’s a couple different ways to achieve [this]. So what candidate Trump promised to [create] is a strategic Bitcoin stockpile.”

Trump’s campaign promise involves taking the 208,000 BTC currently in US government possession—largely controlled by agencies like the US Marshals Service or the Department of Justice—and transferring it to the Treasury’s balance sheet. This plan is intended to “move [Bitcoin] to a place where it can’t be sold or moved around for other purposes […] out of law enforcement hands [and] into the Treasury.”

Shortly after Trump unveiled the idea at the Bitcoin conference in Nashville, Senator Cynthia Lummis introduced the Bitcoin Act, which proposes an even larger Strategic Bitcoin Reserve—including the purchase of an additional 1 million BTC. Meanwhile, Robert F. Kennedy Jr. has suggested an even bolder move—4 million BTC—prompting Boring to observe: “It gets very, very bullish very, very quickly.”

In describing the legal mechanics, Boring noted that “there are significant executive authorities that the President of the United States has” to execute at least the first part of the plan—namely, consolidating the existing government-owned BTC under a new reserve. She explained that though a congressional act may generally be required to authorize large expenditures like buying additional Bitcoin, there are broad pockets of funding that the executive branch might tap into. “I think if there’s a will there’s a way,” said Boring. “President-elect Trump did promise this to our community and I don’t think anything is stopping him.”

Asked if she believed the US would own more Bitcoin in a year, Boring declined to give a direct prediction, but emphasized that the “authorities are there” and that the project mostly needs firm leadership: “This really starts with leadership […] you need someone at the highest levels that […] is willing to execute on a bold mission.”

At press time, BTC traded at $95,722.