DOGE Leader’s X Account Hacked: Scammers Spread Fake Partnership Announcement
A recent hacking incident has led to the dissemination of false information about a partnership involving the Department of Government Efficiency (DOGE). The hacked X account of one of DOGE’s leaders was used to post a fabricated announcement, which has since been deleted by the team. Scammers Exploit Hacked Account to Promote Fake Collaboration The X account of DOGE’s second head, Vivek Ramaswamy, was hacked, and a fraudulent post was made. This post falsely claimed that DOGE was partnering with $USUAL, a stablecoin issuer with a market capitalization of $688.94 million. The post further mentioned that the collaboration aimed to enhance governmental transaction capabilities while promoting fiscal responsibility. The partnership was described as a step toward leveraging virtual currencies for economic stability, growth, and financial inclusion. However, these claims were later debunked after the hack was discovered. Quick Response to the Hacking Incident The team at DOGE acted swiftly to address the issue. The fraudulent post was deleted, and efforts were made to secure the account. Fishback, the founder of Invest Azoria, confirmed that the claims of collaboration were entirely untrue. He stated that the hackers were attempting to propagate a scam. Fishback revealed that he had spoken with Ramaswamy, who confirmed that he had been locked out of his account during the incident. No Cryptocurrency Plans Confirmed by DOGE Despite the fraudulent post, DOGE has not announced any official plans to incorporate cryptocurrency into its operations. The department, led by Ramaswamy and Elon Musk, remains focused on its primary objectives. These include simplifying federal oversight, reducing excessive regulations, and reconstructing federal agencies. In a statement made in November, President-elect Donald Trump emphasized that DOGE’s leadership is tasked with eliminating bureaucratic inefficiencies and cutting wasteful expenditures. As of now, the department has not confirmed any collaborations or projects involving cryptocurrencies. The hackers falsely claimed that the partnership between DOGE and $USUAL would support the fiscal goals of the Donald Trump administration. The post also suggested that the collaboration would help reduce the federal deficit and enhance financial transaction efficiency. These claims have been officially denied, with the incident being attributed to the hacking of Ramaswamy’s account. Related Article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? The false information has been removed, and DOGE has reiterated its commitment to transparency and efficiency in its operations.
24 Hours Price Analysis: Dogecoin Eyes $0.3400 Support as Buyers Struggle to Counteract Selling Pressure
Dogecoin (DOGE) has entered a phase of prolonged consolidation, unable to stage a convincing recovery amid declining market sentiment. Trading at approximately $0.365, the coin remains subdued after a period of increased selling pressure. The technical indicators suggest a tough battle ahead for DOGE bulls. EMA Cluster Highlights Resistance The 4-hour chart reveals a critical area of resistance formed by a cluster of exponential moving averages (EMAs). The 20-EMA at $0.382 and the 50-EMA at $0.395 are the first hurdles for DOGE, with the 100-EMA at $0.402 providing an additional challenge. The downward slope of these EMAs signals prevailing bearish momentum, making it harder for buyers to take charge. The RSI divergence of -1.058 reveals weak market sentiment, with sellers maintaining the upper hand. While DOGE is not yet in oversold territory, the bearish momentum has hindered any substantial recovery. A shift in RSI to positive divergence could signal renewed bullish activity, but this remains uncertain in the current market climate. Related article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? Support Zones in Focus DOGE’s immediate support lies around $0.360, with $0.350 acting as a critical level to watch. A breakdown below $0.350 could accelerate selling pressure, dragging the price lower. On the upside, breaking above $0.382 and consolidating above $0.395 could restore confidence among buyers. Conclusion Dogecoin’s struggle to reclaim key levels reflects ongoing uncertainty in the market. Traders should closely monitor support at $0.350 and resistance at $0.395 for any signs of a breakout or breakdown. Until then, DOGE may remain under pressure, waiting for external catalysts to define its next move.
Dogecoin’s Next Rally? Analysts Predict Uptrend Resumption
It is believed that Dogecoin (DOGE) is poised to resume its uptrend after undergoing a prolonged consolidation phase. Following Donald Trump’s election victory, the leading meme cryptocurrency experienced a surge of 220%, climbing from $0.15139 to $0.48434. This increase was fueled by speculation that the incoming administration might favor cryptocurrency. However, the rally has recently stalled, with DOGE surrendering some gains to trade at approximately $0.38429. Analysts now suggest that the asset is primed for another upward movement. Dogecoin (DOGE) Ready for Uptrend Resumption? Crypto trader Olivier Đ X has indicated that Dogecoin’s price is preparing to reverse its trend upward. This observation was shared in an X post on Tuesday, December 17. The analysis highlights a breakout from a descending channel on DOGE’s 4-hour candle chart, with the meme coin expected to resume its uptrend after surpassing resistance near the $0.4140 mark. This breakout pattern may evolve into an ascending triangle, further supporting bullish momentum. Related Article: Why XRP Holders Are Predicted to Be Among the Wealthiest: Key Analysis Olivier Đ X’s views are echoed by other analysts, including The Cryptomist, who pointed out that DOGE is forming an ascending triangle pattern on its daily candle chart. This pattern is often associated with significant upward price movements. While specific price targets were not disclosed, Javon Marks has proposed that DOGE could surpass its all-time high of $0.73, with long-term projections reaching as high as $3. Shifting Sentiment Around Dogecoin (DOGE) Recent data indicates that investor sentiment toward DOGE has turned negative. According to metrics shared by Ali Martinez via Santiment Feed, DOGE’s weighted sentiment dropped sharply from nearly five on Santiment’s scale in mid-November 2024 to -0.6. Additionally, social mentions of the asset have plummeted, falling from over 3,200 to fewer than 300. Historically, overwhelming negative sentiment has been interpreted as a contrarian indicator by Santiment Feed, suggesting that DOGE’s downturn could signal the potential for a strong rebound. As analysts continue to observe the evolving patterns on Dogecoin’s charts, a clearer picture of its trajectory is expected to emerge in the coming weeks.
5.8 Billion Dormant Dogecoin Reactivated: What Does This Mean for DOGE Price?
A massive reactivation of dormant Dogecoin (DOGE) tokens has been observed, with 5.8 billion tokens moving within the last 24 hours. This activity was highlighted by on-chain data shared by technical analyst Ali Martinez. This unusual activity has coincided with a significant increase in DOGE’s Age Consumed metric, which measures the movement of long-inactive coins. Data presented by Martinez reveals two major signals. The first is a substantial rise in the Age Consumed metric, indicating the transfer of old DOGE holdings. The second is a dramatic spike in daily circulation, reflecting heightened activity. Previously, the daily circulation of DOGE was approximately 1.67 billion tokens. However, this number spiked abruptly to 5.8 billion tokens. The sudden transfer of billions of DOGE tokens is thought to suggest whale profit-taking, portfolio adjustments, or anticipation of upcoming market changes. Historical Trends in Dogecoin Price Movement Historically, spikes in the activity of long-dormant tokens have often preceded significant price changes. For example, during the first week of November, low Age Consumed metrics were recorded alongside daily circulation of less than 1 billion tokens. In the second week of November, as Dogecoin’s price began a major bull run, the Age Consumed metric experienced a sharp increase. This coincided with over 5 billion DOGE tokens circulating daily. Related Article: Over $272 Million in XRP Shorts Could Face Liquidation at $3 When Dogecoin’s price entered a consolidation phase, these metrics reverted to lower levels. However, the current spike in activity observed yesterday could indicate the potential for another major rally. Bitcoin’s recent rise to an all-time high of $107,800, before settling at around $106,000, adds further context. Historically, altcoins and meme coins like Dogecoin have exhibited significant price swings after Bitcoin stabilizes following a series of price increases. At the time of writing, Dogecoin is trading at $0.3991, reflecting a 2% decline over the past 24 hours. The data suggests that this may be an opportunity for market participants to accumulate DOGE before a potential price surge. For context, Dogecoin experienced a 234% increase in just three weeks during November. What Could Happen to Dogecoin’s Price? Analysts have offered various predictions regarding Dogecoin’s potential price movement as bullish momentum builds. Bitcoin analyst “Crow” has forecasted a straightforward path for Dogecoin to achieve a new multi-year high. He predicts an initial rise to $0.48, followed by a minor pullback, then further gains to $0.52, and eventually a climb toward $0.66. Cantonese Cat, another analyst, has suggested that DOGE could soon break its all-time high of $0.74. This prediction is based on patterns observed during 2021. Additionally, Crypto Scofield has expressed a more optimistic view, suggesting that Dogecoin’s current bullish momentum is even stronger than in November. A price of $3 has been projected to emerge “any time soon.”
Dogecoin’s Next Move: Will It Break the $0.50 Barrier?
Dogecoin’s on-chain activity has surged, with average transaction sizes seeing a dramatic rise. On November 12, 2024, the average transaction size hit a seven-day peak of $33,411, while the seven-day average hovered around $11,960. This shift indicates a growing presence of larger transactions on the network, pointing to possible interest from institutional investors or cryptocurrency whales. Volatility Climbs to Elevated Levels Dogecoin’s market volatility has also seen a significant increase. The 30-day volatility reached 147%, reflecting heightened price fluctuations. Historically, such elevated volatility often signals the likelihood of sharp market movements, which could result in either a substantial rally or a major price correction. Related article: DOGE Whales Accumulate 210 Million Tokens Amid Price Drop Following a strong rally in early November, Dogecoin’s price reached approximately $0.40 before entering a consolidation phase. The asset faced resistance near $0.48, leading to a downward movement within a descending channel. Source: CoinMarketCap Key support levels include the 50-day EMA and the $0.35 price point. If Dogecoin fails to hold these levels, it could see a decline toward the 200-day EMA at $0.21. Bullish Breakout Could Trigger a Rally On a more optimistic note, Dogecoin could regain bullish momentum if it breaks above the descending resistance trendline. Traders are closely watching the $0.42 to $0.45 price range for signs of a breakout. A successful push above these levels might pave the way for a rally toward the psychologically important $0.50 mark. This price point serves as a critical milestone for DOGE’s upward trajectory. Related article: Dogecoin Price Surge Predicted: Analyst Expects DOGE to Reach $3-$5 Soon While Dogecoin’s growing transaction sizes and heightened volatility suggest rising market activity, concerns remain. The asset’s inability to sustain previous highs and its relatively low volume raise questions about the strength of any potential rally. A significant increase in trading volume could signal the start of a fresh upward trend. Additionally, broader market conditions within the cryptocurrency sector will play a crucial role in determining if DOGE can reclaim its previous highs.
ADA Analyst Predicts Dogecoin Price Surge to $24
Cantonese Cat, a prominent cryptocurrency market analyst, has proposed an ambitious prediction for Dogecoin. The forecast suggests that Dogecoin’s value could escalate to $24, marking a staggering potential gain of over 5,823% from its current price. This projection is supported by technical analysis and a surge in whale activity. Dogecoin’s Recent Performance Indicates Potential Mixed performance has been observed for Dogecoin in recent weeks. A sharp rally in early November allowed the token’s price to surge by 132% within three weeks, reaching $0.4800—a three-year high. However, the cryptocurrency has since retraced by 16%, now trading near $0.4052. Despite this decline, optimism continues to be fueled among analysts and investors. Key insights have been offered by Cantonese Cat regarding Dogecoin’s price movement. The analyst has noted that significant support levels, including the 0.786 Fibonacci extension, have been successfully defended by the cryptocurrency. This development hints at the potential for a major breakout. Historical Trends Could Lead to $24 Target Historical performance of Dogecoin has been highlighted to bolster the $24 prediction. A similar pattern was exhibited during the 2021 bull cycle, where the token rallied beyond the 0.786 Fibonacci level to surpass the 2.272 Fibonacci extension. This move resulted in a peak price of $0.73995. A repetition of this historical trend has been predicted by Cantonese Cat, who believes that Dogecoin could reach the same Fibonacci level at $24. Achieving this target would elevate the token’s market capitalization beyond $3.5 trillion, establishing Dogecoin as a dominant force within the crypto market. Whale Activity Signals Confidence in ADA and Dogecoin In addition to technical analysis, whale activity has been identified as a significant factor in the bullish sentiment surrounding Dogecoin. Ali Martinez, another market analyst, has pointed to large-scale accumulation by major holders as evidence of growing confidence in the asset’s future. Related Article: DOGE and Ripple Gains May Be Overshadowed as RXS Prepares for a Potential $10 Surge Data shared by Martinez reveals that whales holding between 10 million and 100 million DOGE acquired 160 million tokens, valued at approximately $64 million, over the last 24 hours. This brings the total holdings of these entities to 22 billion DOGE, worth nearly $9 billion. Such large purchases are typically associated with strong market sentiment and are often precursors to substantial price movements. The willingness of high-value investors to buy during a price dip suggests they anticipate significant upward momentum for Dogecoin. Resistance Levels Pose Challenges but Optimism Remains Despite the broader cryptocurrency market’s bullish trends, Dogecoin faces key resistance levels that must be overcome to sustain growth. Even so, analysts such as Cantonese Cat and Ali Martinez remain optimistic. Historical trends, combined with whale accumulation and technical indicators, suggest that Dogecoin is well-positioned for a significant breakout. While uncertainty persists, the potential for Dogecoin to achieve remarkable gains remains a key point of discussion in the cryptocurrency market.
DOGE and Ripple Gains May Be Overshadowed as RXS Prepares for a Potential $10 Surge
Tokens like Dogecoin (DOGE) and Ripple (XRP) have achieved triple-digit growth, capturing the attention of investors. However, Rexas Finance (RXS), a new contender with unique real-world utility, is now positioned to outshine these popular assets. Trading at $0.125 during its ninth presale phase, RXS has already climbed 320% from its initial price of $0.030, generating $24.75 million in funding. Analysts predict a further surge, with the token targeting a launch price of $0.20 and an eventual rally to $10. Revolutionizing Asset Ownership with Rexas Finance Rexas Finance has been transforming asset ownership through its focus on Real-World Asset (RWA) tokenization. This innovative approach uses blockchain technology to tokenize assets like real estate, gold, and art, making them accessible to a global audience. By enabling both fractional and complete ownership, the platform removes barriers to traditionally exclusive investment opportunities. The vast markets targeted by Rexas Finance highlight its growth potential: Through its Launchpad and Token Builder Tool, the platform simplifies the tokenization process, allowing anyone to tokenize or invest in these markets without prior technical expertise. This ease of access has driven interest in the RXS presale, which has already sold 321,914,000 tokens, raising $24.75 million. Related Article: SHIB Price Prediction: Analyst Forecasts 150% Rally to $0.000074 RXS Presale Momentum: A Steady Climb Toward Success RXS has shown consistent momentum across multiple presale stages: Analysts suggest early investors could see another 60% price increase as the presale progresses. Post-launch, RXS is projected to reach $10, marking a potential 8,000% gain from its presale price. Why RXS Stands Out Among Crypto Investments Rexas Finance differentiates itself from other cryptocurrencies through its focus on transparency, security, and real-world use. By making asset tokenization accessible to a global audience, it bridges the gap between traditional markets and blockchain technology. Security has been prioritized, as demonstrated by a comprehensive CertiK audit, which enhances the platform’s credibility. Furthermore, listings on CoinMarketCap (CMC) and CoinGecko have boosted its visibility, allowing investors to track its progress and engage with the project. To further attract interest, Rexas Finance has launched a $1 million giveaway with 20 winners, each receiving $50,000 in RXS tokens. This initiative has already garnered over 360,000 entries, increasing community participation. DOGE and XRP: Strong Contenders with Limitations While Dogecoin (DOGE) and Ripple (XRP) are well-known names in the crypto space, their growth has been primarily driven by market sentiment. DOGE heavily relies on social media trends and meme culture, while XRP focuses on institutional cross-border payments. In contrast, Rexas Finance offers a utility-based approach, addressing inefficiencies in traditional finance through asset tokenization. This strategy positions RXS as a more sustainable investment option, with the potential to outperform speculative assets like DOGE. How to Participate in the RXS Presale Investing in RXS during the presale phase provides a unique opportunity to enter early. The process is straightforward: RXS as a Game-Changer in Asset Tokenization Rexas Finance combines blockchain technology with trillion-dollar markets, creating a platform with substantial growth potential. The success of its presale, its CertiK audit, and its strategic listings on major platforms validate its legitimacy. As RXS approaches its $0.20 launch price and aims for a $10 milestone, the opportunity for significant returns becomes clear. Compared to DOGE and XRP, Rexas Finance offers a more robust value proposition, making it a standout investment opportunity. By investing now, participants can position themselves at the forefront of an emerging revolution in asset tokenization.
DOGE Whales Accumulate 210 Million Tokens Amid Price Drop
During the recent price decline, whales significantly accumulated Dogecoin (DOGE) tokens. These purchases highlight the ongoing interest of large investors in the meme cryptocurrency. Whales Add Over 210 Million DOGE Data provided by market analyst Ali Martinez revealed that large Dogecoin holders took advantage of the latest price dip to increase their holdings. The on-chain insights were shared using analytics from Santiment, showcasing the substantial accumulation. Whales controlling between 10 million and 100 million DOGE were reported to have added approximately 210 million tokens during this period. These tokens, valued at over $88 million at the current price of $0.42, brought their cumulative holdings from 21.64 billion to 21.85 billion DOGE. When reviewed over a longer timeline, even more significant accumulation behavior has been identified. In late October, the holdings of these whales stood at 18.55 billion tokens. Over the past two months, 3.3 billion DOGE, valued at $1.39 billion, have been acquired, showing a consistent buying trend. DOGE Sees Recovery After Price Dip The recent price slump in Dogecoin, which led to an 11.22% drop on December 9, marked its steepest single-day decline in five months. This drop was linked to the broader market correction initiated by Bitcoin’s fall from $101,000 to the lower $90K range. Related Article: Warning Issued to XRP Community Before RLUSD Stablecoin Launch DOGE reached its lowest price in two weeks at $0.3653 before rebounding by nearly 15%. While the drop caused widespread panic-selling and liquidation of long positions, whales capitalized on the situation by acquiring more tokens. Market expert Scofield noted that DOGE briefly fell below a critical lower trendline that had served as support since early November. However, the rebound has now propelled it back above this trendline, indicating a potential recovery. Potential for a DOGE Rally Another analysis provided by Cryptomist highlighted an ascending triangle pattern in Dogecoin’s price action. DOGE had dropped below this triangle during the recent market turbulence. However, if the token manages to push back into the pattern, a rally to all-time highs (ATH) could become possible. This accumulation by whales during bearish phases underscores their strategy of buying dips and could signal further positive momentum for Dogecoin in the near term. The ongoing whale activity demonstrates confidence in DOGE’s long-term potential despite short-term market volatility. As the meme coin continues to recover, eyes will remain on whether it can achieve new highs or consolidate further gains.
DOGE Revolution Brings New Energy to Capitol Hill
Excitement surrounded the Department of Government Efficiency (DOGE) as lawmakers learned about its cost-cutting mission on Capitol Hill. House Speaker Michael Johnson expressed enthusiasm by declaring that DOGE’s efforts marked a “new day in Washington and America.” He stated that government inefficiency had persisted for too long and called for immediate changes. Johnson emphasized the importance of reducing government size and improving its performance. The announcement came after Elon Musk and Vivek Ramaswamy, the leaders of DOGE, presented their vision to members of Congress. Their plans were met with optimism, especially among fiscal conservatives eager to see government waste eliminated. Musk and Ramaswamy Gain Star Treatment in Congress Elon Musk, his son Lil X, and Vivek Ramaswamy were warmly received in Congress. Staff and lawmakers flocked around them, with many taking selfies and engaging in discussions. Meetings were held with the chairs of key committees, bicameral DOGE caucus leaders, and a larger group of Republicans. Representative Marjorie Taylor Greene highlighted Musk’s emphasis on verifying every federal payment for legitimacy. Greene shared that Musk proposed creating “naughty” and “nice” lists to rank lawmakers based on their spending votes. Representative Aaron Bean revealed that Musk’s ideas, including accountability lists for spending decisions, were well-received. He stressed that reckless government spending must stop to address the nation’s growing debt. Reports Highlight Wasteful Spending and DOGE’s Mission DOGE’s social media spotlighted examples of taxpayer money being wasted. Reports showed the National Institutes of Health spent $1.8 billion on racism studies and over $150 billion on illegal immigrants. The Government Accountability Office estimated $100 billion in improper Medicare and Medicaid payments for fiscal year 2023. The Pentagon was criticized for failing to account for $824 billion, emphasizing the need for financial reform. Congressional Republicans are determined to identify inefficiencies and redirect funds responsibly. Read Also: XRP Trading Surges as Ripple CEO Sparks Discussions Among XRP Army Fiscal Challenges Ahead for DOGE The federal debt has surpassed $36 trillion, with deficits expected to exceed $1 trillion annually. Concerns have grown that prolonged fiscal mismanagement could trigger an economic crisis. DOGE’s authority to enforce recommendations remains uncertain, but Musk suggested that annual spending cuts of $2 trillion should be pursued. It is unclear whether DOGE will address significant expenditures like Social Security, Medicare, Medicaid, or the Department of Defense. Lawmakers Rally Behind DOGE’s Goals Many Republicans and a few Democrats expressed eagerness to support DOGE’s initiatives. Representative Greene vowed to expose wasteful spending and inefficiency within government agencies. Senator Joni Ernst launched the Senate DOGE caucus by revealing inefficiencies in telework policies. Her report noted that only 6% of federal employees work in offices daily, leaving government buildings underused. Ernst proposed selling off unused properties or ending leases to cut costs. DOGE’s Potential for Change in Washington The DOGE initiative has inspired optimism on Capitol Hill, with lawmakers hoping it can transform government spending culture. Its success will depend on bipartisan cooperation and the commitment to reducing waste while tackling fiscal challenges. DOGE’s introduction marks a critical step toward accountability and efficiency in federal operations, igniting hopes for a brighter economic future.
Dogecoin Price Surge Predicted: Analyst Expects DOGE to Reach $3-$5 Soon
A significant rally for Dogecoin (DOGE) has been forecasted, with experts suggesting it could reach between $3 and $5. The potential rise is believed to be fueled by profits from XRP and market dynamics. DOGE Consolidation Phase Expected to End Soon Dogecoin’s performance during the ongoing bull run has been marked by stagnation. While rivals like Solana and BNB have reached new highs, Dogecoin has remained around $0.40. Analysts are now signaling the end of this consolidation. A projection by crypto analyst Professor Astrones outlines a timeline for DOGE to achieve a substantial price increase. Projected Timeline for Dogecoin to Reach $3-$5 Astrones has predicted that Dogecoin will first break through the $1 mark, a milestone he expects to happen sooner than anticipated. After surpassing $1, the path to $3 and $5 is believed to be achievable by next year. This would require a 610% growth to hit $3 and 1,082% to reach $5. XRP Profits Seen as a Catalyst for DOGE Growth Recent profits from XRP are being highlighted as a potential driver for Dogecoin’s rally. XRP has experienced a 422% gain over the past 30 days, doubling its market cap compared to Dogecoin. Analysts predict that as XRP’s bullish momentum wanes, investors could redirect their gains into Dogecoin, potentially fueling a significant price surge. Read Also: Shiba Inu Targets New Peaks Amid Bullish Sentiment DOGE Price Movement Mirrors XRP Trends Market observations have drawn parallels between Dogecoin’s and XRP’s price patterns. Analyst Jacob Canfield noted similarities in their candlestick charts, identifying higher lows for DOGE and previous resistance levels turning into support. This trend suggests that Dogecoin’s price could continue its upward movement, similar to XRP’s recent performance. Key Levels to Watch for Dogecoin’s Breakout Technical analysis by Rekt Capital highlights an ascending triangle formation in Dogecoin’s chart. A daily close above $0.43 has been identified as a critical level to confirm a breakout. If this breakout is validated, further upward momentum could lead to a market-wide meme coin frenzy. A dip below this level, however, would only represent a post-breakout retest, keeping the potential rally intact. With bullish momentum building and catalysts like XRP profits in play, Dogecoin could be on the verge of a significant rally. Analysts are optimistic about its ability to achieve $3-$5, marking a dramatic shift in its market trajectory.
