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How are you going to bet against DOGE right now?
Market analyst Ali Martínez expresses great optimism about the cryptocurrency dogecoin ($DOGE ).
DOGE could increase 900% in a few hours, says Martínez.
Many analysts foresee that DOGE could reach 1 dollar in this bullish cycle.
Exactly four years ago, the memecoin dogecoin (DOGE) recorded a price increase of 900% in 48 hours from January 28 to 29, 2021. This is something that, according to analyst Ali Martínez, could happen again.
"How can you bet against the price of DOGE when at any moment it could increase nearly 900% in just 48 hours, as it did in 2021?" he exclaimed through his X account.
Currently, dogecoin is trading at USD 0.32, which means that with a 900% increase, its price would become USD 3.20.
However, it is crucial to consider that when that percentage increase happened in 2021, DOGE's market capitalization was much lower than it is now. Back then, it was USD 1 billion, and currently, it is USD 48.5 billion.
In other words, significantly higher trading volumes than those of 2021 are required for DOGE to experience such a price increase. This makes it unlikely that the memecoin could be valued at 900% in two days as it was on that occasion.
If the price of DOGE rose 900% to USD 3.20, its market capitalization would rise to USD 485 billion. This means it would surpass the current market capitalization of ether (ETH), the cryptocurrency of Ethereum, which with a total of USD 381.4 billion is the largest crypto asset after bitcoin (BTC).
Market analyst Ali Martínez expresses great optimism about the cryptocurrency dogecoin ($DOGE ).
DOGE could increase 900% in a few hours, says Martínez.
Many analysts foresee that DOGE could reach 1 dollar in this bullish cycle.
Exactly four years ago, the memecoin dogecoin (DOGE) recorded a price increase of 900% in 48 hours from January 28 to 29, 2021. This is something that, according to analyst Ali Martínez, could happen again.
"How can you bet against the price of DOGE when at any moment it could increase nearly 900% in just 48 hours, as it did in 2021?" he exclaimed through his X account.
Currently, dogecoin is trading at USD 0.32, which means that with a 900% increase, its price would become USD 3.20.
However, it is crucial to consider that when that percentage increase happened in 2021, DOGE's market capitalization was much lower than it is now. Back then, it was USD 1 billion, and currently, it is USD 48.5 billion.
In other words, significantly higher trading volumes than those of 2021 are required for DOGE to experience such a price increase. This makes it unlikely that the memecoin could be valued at 900% in two days as it was on that occasion.
If the price of DOGE rose 900% to USD 3.20, its market capitalization would rise to USD 485 billion. This means it would surpass the current market capitalization of ether (ETH), the cryptocurrency of Ethereum, which with a total of USD 381.4 billion is the largest crypto asset after bitcoin (BTC).
$BTC Bitcoin does not need the U.S. government to increase in price.
Financial analyst Mike Fay recommends lowering expectations about a strategic national reserve of bitcoin.
It would be in the U.S. government's interest to maintain confidence in the dollar.
It is unlikely that U.S. government holdings of BTC will increase significantly.
Donald Trump's return to the White House has caused a stir in the cryptocurrency sector due to the measures he has taken, including signing an executive order to create a national reserve of digital assets.
Although some bitcoin supporters expected explicit support for bitcoin (BTC), market analyst Mike Fay suggests that the focus will be broader, including stablecoins.
The executive order, signed on January 23, establishes a Working Group on Digital Asset Markets and mentions the exploration of a "digital asset reserve" without specifying which cryptocurrencies will be included.
Fay interprets this as a sign that the government may choose to diversify its digital assets rather than focus solely on bitcoin.
Currently, the U.S. government holds about 1% of the circulating supply of bitcoin, mainly through assets seized in legal operations.
Reserves have slightly decreased, from 214,000 BTC to 198,000 BTC, according to data from Bitcoin Treasuries. This reinforces the idea that there will not be large purchases of bitcoin in the near future.
$BTC
Financial analyst Mike Fay recommends lowering expectations about a strategic national reserve of bitcoin.
It would be in the U.S. government's interest to maintain confidence in the dollar.
It is unlikely that U.S. government holdings of BTC will increase significantly.
Donald Trump's return to the White House has caused a stir in the cryptocurrency sector due to the measures he has taken, including signing an executive order to create a national reserve of digital assets.
Although some bitcoin supporters expected explicit support for bitcoin (BTC), market analyst Mike Fay suggests that the focus will be broader, including stablecoins.
The executive order, signed on January 23, establishes a Working Group on Digital Asset Markets and mentions the exploration of a "digital asset reserve" without specifying which cryptocurrencies will be included.
Fay interprets this as a sign that the government may choose to diversify its digital assets rather than focus solely on bitcoin.
Currently, the U.S. government holds about 1% of the circulating supply of bitcoin, mainly through assets seized in legal operations.
Reserves have slightly decreased, from 214,000 BTC to 198,000 BTC, according to data from Bitcoin Treasuries. This reinforces the idea that there will not be large purchases of bitcoin in the near future.
$BTC
XRP gaining more strength every day 📈
$XRP already has six cash ETF applications.
{spot}(XRPUSDT)
The cryptocurrency issued by Ripple is one of the ones that accumulates the most proposals for funds to be listed on the stock exchange.
The new SEC leadership could give the green light to ETFs.
Bettors at Polymarket see high probability of approval of the XRP ETF.
XRP, the cryptocurrency issued by Ripple, continues to position itself as one of the most requested by companies looking to launch cash exchange-traded funds (ETFs) in the United States.
So far, six proposals are in the hands of the United States Securities and Exchange Commission (SEC), marking a milestone in the growing interest in regulated crypto assets.
The firm CoinShares recently submitted an application for an ETF based on XRP, joining REX Shares, which did the same last week.
The two companies join a group that includes Canary Capital, Bitwise, 21Shares and WisdomTree, which had already registered similar proposals since 2024.
These financial instruments allow investors to access the XRP market through regulated platforms, offering an alternative to the direct purchase and sale of cryptocurrencies.
#USConsumerConfidence
{spot}(XRPUSDT)
The cryptocurrency issued by Ripple is one of the ones that accumulates the most proposals for funds to be listed on the stock exchange.
The new SEC leadership could give the green light to ETFs.
Bettors at Polymarket see high probability of approval of the XRP ETF.
XRP, the cryptocurrency issued by Ripple, continues to position itself as one of the most requested by companies looking to launch cash exchange-traded funds (ETFs) in the United States.
So far, six proposals are in the hands of the United States Securities and Exchange Commission (SEC), marking a milestone in the growing interest in regulated crypto assets.
The firm CoinShares recently submitted an application for an ETF based on XRP, joining REX Shares, which did the same last week.
The two companies join a group that includes Canary Capital, Bitwise, 21Shares and WisdomTree, which had already registered similar proposals since 2024.
These financial instruments allow investors to access the XRP market through regulated platforms, offering an alternative to the direct purchase and sale of cryptocurrencies.
#USConsumerConfidence
Virtuals expands to the Solana ecosystem and establishes a strategic SOL reserve
The AI agent platform Virtuals Protocol has announced its expansion to the Solana blockchain as part of its efforts to "drive innovation across multiple ecosystems".
The AI agent platform Virtuals Protocol has announced that it will expand to the Solana ecosystem, and industry participants are saying that the integration will have more impact than "most people realize".
Virtuals Protocol (VIRTUALS), which is already on Base, Ethereum's layer 2 network, stated that its expansion to the Solana blockchain
SOL, a layer 1 network, is part of its efforts to "drive innovation across multiple ecosystems," according to a post on X from January 25.
1% of trading fees will be converted to SOL for a strategic reserve
Being on both chains, Solana and Base, could help increase ecosystem participation, attract developers and users from Solana, and enhance scalability while alleviating network congestion.
"Solana, known for its speed, scalability, and vibrant community, is the perfect place for us to grow and bring our vision to life," stated Virtuals Protocol.
The AI agent platform Virtuals Protocol has announced its expansion to the Solana blockchain as part of its efforts to "drive innovation across multiple ecosystems".
The AI agent platform Virtuals Protocol has announced that it will expand to the Solana ecosystem, and industry participants are saying that the integration will have more impact than "most people realize".
Virtuals Protocol (VIRTUALS), which is already on Base, Ethereum's layer 2 network, stated that its expansion to the Solana blockchain
SOL, a layer 1 network, is part of its efforts to "drive innovation across multiple ecosystems," according to a post on X from January 25.
1% of trading fees will be converted to SOL for a strategic reserve
Being on both chains, Solana and Base, could help increase ecosystem participation, attract developers and users from Solana, and enhance scalability while alleviating network congestion.
"Solana, known for its speed, scalability, and vibrant community, is the perfect place for us to grow and bring our vision to life," stated Virtuals Protocol.
#USConsumerConfidence CZ: 'All governments should record their spending on blockchain'
According to data from the International Monetary Fund (IMF), the total global public debt currently amounts to over 102 trillion dollars.
The co-founder of Binance, Changpeng Zhao (CZ), has echoed calls for government transparency by incorporating all public spending onto blockchains in each country.
According to data from the International Monetary Fund (IMF), the total global public debt currently amounts to over 102 trillion dollars.
The co-founder of Binance, Changpeng Zhao (CZ), has echoed calls for government transparency by incorporating all public spending onto blockchains in each country.
🚨LATEST NEWS🚨 Crypto defenders focus on Congress as the Republican Party takes control of the U.S. Government.
The Republican Party now has total control of the Senate, the Executive Branch, and the House of Representatives of the United States.
Following the reelection of President Donald Trump in the United States, cryptocurrency advocacy groups have shifted their focus towards key players in both chambers of Congress, which advocacy groups have characterized as the most pro-crypto Congress in history.
Ron Hammond, Senior Director of Government Relations at the Blockchain Association, told Cointelegraph editor Jesse Coghlan that the Senate Banking Committee and the House Financial Services Committee will play key roles in shaping pro-crypto policies.
Congressman French Hill was elected chairman of the House Financial Services Committee in December 2024 and is very critical of the previous administration's regulatory approach.
After the appointment, Hill stated that introducing a bill on the structure of the cryptocurrency market within the first 100 days of the legislative session was a priority for Republican leadership.
On January 24, the House Committee on Oversight and Government Reform launched an investigation into Operation Chokepoint 2.0 and sent letters to leaders in the cryptocurrency sector and advocacy groups requesting their input.
#USConsumerConfidence
The Republican Party now has total control of the Senate, the Executive Branch, and the House of Representatives of the United States.
Following the reelection of President Donald Trump in the United States, cryptocurrency advocacy groups have shifted their focus towards key players in both chambers of Congress, which advocacy groups have characterized as the most pro-crypto Congress in history.
Ron Hammond, Senior Director of Government Relations at the Blockchain Association, told Cointelegraph editor Jesse Coghlan that the Senate Banking Committee and the House Financial Services Committee will play key roles in shaping pro-crypto policies.
Congressman French Hill was elected chairman of the House Financial Services Committee in December 2024 and is very critical of the previous administration's regulatory approach.
After the appointment, Hill stated that introducing a bill on the structure of the cryptocurrency market within the first 100 days of the legislative session was a priority for Republican leadership.
On January 24, the House Committee on Oversight and Government Reform launched an investigation into Operation Chokepoint 2.0 and sent letters to leaders in the cryptocurrency sector and advocacy groups requesting their input.
#USConsumerConfidence
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