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Dogecoin, Shiba Inu Crater 10% As Historic Eight-Figure Outflows Hit
Yahoo Finance· 2026-02-08 13:01
Group 1: Market Overview - Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced a significant crash of 11%, primarily triggered by Bitcoin's (BTC) collapse, leading to panic selling across meme coins [1][9] - Bitcoin has dropped 10%, breaking below the 1,000-day EMA for the first time since 2023, indicating a critical long-term support level that historically separates bull and bear markets [9][10] - The overall market sentiment is bearish, with a notable $1.5 billion in outflows from Bitcoin, which has led to increased selling pressure on speculative assets and meme coins [10] Group 2: Dogecoin Analysis - On Thursday, there was a substantial outflow of $29.67 million from Dogecoin, marking one of the largest single-day outflows in recent months [5] - Dogecoin is currently testing the lower boundary of its descending channel around $0.09, with all EMAs positioned above the price, indicating a bearish trend [6] - If the $0.09 support fails, Dogecoin could see a rapid decline towards the $0.07-$0.08 range, representing a potential downside of 15%-20% [6] Group 3: Shiba Inu Analysis - Shiba Inu has broken through critical support at $0.0000086 and is now testing the psychological support level of $0.000006 under extreme pressure [8] - A breakdown below $0.000006 could trigger panic selling, pushing the price towards $0.000005 or lower [8] - All EMAs for Shiba Inu are above the current price, and the RSI at 25.70 indicates that it is approaching deeply oversold territory, although it has not yet reached extreme levels [8]
2 Popular Cryptos to Sell Before They Plummet
Yahoo Finance· 2026-01-24 15:42
Group 1 - Meme coins like Dogecoin and Shiba Inu are not suitable for holding significant capital due to potential market turbulence driven by geopolitical factors [1] - Dogecoin's supply has no ceiling, leading to continuous dilution, requiring constant new demand to maintain value [3][7] - Shiba Inu has a slight advantage with its community focus on coin burns, but the lack of consistent demand and low usage of its ecosystem limits its potential [5][6][7] Group 2 - Both Dogecoin and Shiba Inu lack utility, making them less attractive as investments [7] - The Motley Fool Stock Advisor has identified ten stocks that are considered better investment opportunities than Dogecoin [8]
Prediction: Dogecoin Will Hit $0.10 in 2026
Yahoo Finance· 2026-01-07 10:20
Group 1 - The core argument is that Dogecoin's price is expected to decline to approximately $0.10 by the end of 2026, down from its current price of around $0.15, based on the lack of fundamental support for its value [2][4]. - The launch of Dogecoin spot exchange-traded funds (ETFs) in late 2025 has generated excitement among holders, as these ETFs provide easier access for investors without crypto wallets, but they do not fundamentally change the value proposition of Dogecoin [5][6]. - The absence of new use cases for Dogecoin and ongoing coin issuance means that the demand driven by sentiment is likely to fade, leading to a gradual decline in its price [6][7]. Group 2 - The potential for Dogecoin to escape its sentiment-driven nature hinges on the introduction of real utility that would incentivize people to purchase it, which is currently lacking [7]. - Despite some proposed upgrades and ecosystem developments that supporters mention, the likelihood of these changes significantly impacting Dogecoin's value is considered slim [8].
Solana Price Slides While Usage Booms: What’s Really Going On?
Yahoo Finance· 2025-12-27 11:33
Core Insights - Solana's price has declined despite record network usage and revenue, generating over $271 million in Q2 2025 fees and payments, leading all networks for three consecutive quarters [1][2] - The disconnect between Solana's price and its network activity reflects broader trends in the cryptocurrency market, with money rotating between Layer-1s, meme coins, and ETFs [1][4] Network Performance - Solana is a high-speed blockchain that competes with Ethereum, attracting traders and app developers due to its low transaction costs [2] - In January 2025, Solana experienced peak decentralized exchange (DEX) activity with approximately $408 billion traded, but this activity cooled off by March, leading to a decline in short-term trading momentum [3] Price Dynamics - The expectation that increased usage should correlate with higher prices is challenged by the current market dynamics, where traders are rotating into other assets, causing SOL's price to drop despite strong network performance [4] - Investors who purchased Solana at its peak price of $293 are currently facing a 59% decline in value [5] Institutional Interest - Institutional interest in Solana is growing, with products like Franklin Templeton's spot SOL ETF now available, allowing exposure to SOL through regular brokerage accounts [5] - CME Group is preparing to launch Solana futures, indicating a significant step for institutional trading and hedging [5][6] Market Positioning - The introduction of institutional trading tools for Solana suggests a transition from retail-driven hype to a more established position alongside Bitcoin and Ethereum [6]
1 Meme Coin I Wouldn't Touch With a 10-Foot Pole
Yahoo Finance· 2025-12-25 07:59
Core Insights - The crypto sector has evolved significantly since the launch of Bitcoin in 2009, with Bitcoin being referred to as "digital gold" and now included in various investor portfolios [1] - The emergence of thousands of cryptocurrencies, including meme coins like Dogecoin and Shiba Inu, has created a new subsector within the crypto market [1] - Meme coins, despite lacking real use cases, have gained popularity through social media virality, leading to potential high returns but also significant volatility [2][6] Cryptocurrency Market Overview - Bitcoin is the largest cryptocurrency, and its total supply is capped at 21 million tokens [1] - The market has seen the rise of various cryptocurrencies, with meme coins being a notable category that lacks inherent advantages over established tokens [1] - Fartcoin, a meme token launched on Solana's network, has a market cap exceeding $305 million, showcasing the potential for small-cap cryptocurrencies to gain traction [3] Investment Considerations - Investments in meme tokens are considered highly risky, and investors are advised to only invest amounts they can afford to lose [2] - Fartcoin, despite its popularity and community engagement, has no real-world utility, emphasizing the need for investors to focus on cryptocurrencies with robust technical networks and practical applications [4][5] - The preference for established cryptocurrencies like Solana over meme tokens is highlighted, indicating a more cautious investment approach [5]
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-12-18 15:49
RT THE HUNTER ✴️ (@TrueGemHunter)‼️ $DOG at very important test, 0.001 must hold, the strongest support ever in DOGif dosen't hold mass sellof can hapen, things can get ugly with dog, just like it happened with $ASTERAll memes are at risk ‼️ all atls are at HUGE risk, stay safe everyone. https://t.co/fhdOKtWCqX ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-12-18 10:01
RT THE HUNTER ✴️ (@TrueGemHunter)‼️ $DOG at very important test, 0.001 must hold, the strongest support ever in DOGif dosen't hold mass sellof can hapen, things can get ugly with dog, just like it happened with $ASTERAll memes are at risk ‼️ all atls are at HUGE risk, stay safe everyone. https://t.co/fhdOKtWCqX ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-12-18 09:34
RT THE HUNTER ✴️ (@TrueGemHunter)‼️ $DOG at very important test, 0.001 must hold, the strongest support ever in DOGif dosen't hold mass sellof can hapen, things can get ugly with dog, just like it happened with $ASTERAll memes are at risk ‼️ all atls are at HUGE risk, stay safe everyone. https://t.co/fhdOKtWCqX ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-12-18 08:25
RT THE HUNTER ✴️ (@TrueGemHunter)‼️ $DOG at very important test, 0.001 must hold, the strongest support ever in DOGif dosen't hold mass sellof can hapen, things can get ugly with dog, just like it happened with $ASTERAll memes are at risk ‼️ all atls are at HUGE risk, stay safe everyone. https://t.co/fhdOKtWCqX ...
Dogecoin and shiba inu test lower levels after key support gives way
Yahoo Finance· 2025-12-17 17:14
Core Insights - Dogecoin and Shiba Inu experienced declines during U.S. trading hours, driven by increased sell volume that pushed both tokens below significant technical levels, indicating a broader weakness in the meme coin segment while ether underperformed compared to other major cryptocurrencies [1][2] - The observed divergence in performance suggests a capital rotation and de-risking trend rather than a panic selling scenario, as broader crypto benchmarks remained relatively stable [1] Group 1: Market Dynamics - Ether (ETH) showed continued softness, often viewed as a proxy for risk appetite in altcoins, which contributed to higher-beta assets like meme coins facing significant selling pressure [2] - Dogecoin fell below the psychological threshold of $0.13 after failing to maintain above $0.1331, confirming a pattern of lower highs and establishing a descending price channel [2] - Trading volume for Dogecoin surged by 53% to 479.7 million tokens, indicating active distribution rather than a result of low liquidity [2] Group 2: Technical Analysis - The previous support level around $0.1296 has now turned into resistance, reinforcing a bearish market structure for Dogecoin [2] - Shiba Inu followed a similar trend to Dogecoin, slipping below short-term support and failing to reclaim the overhead supply, indicating sector-wide pressure rather than isolated weakness in individual tokens [2] - The inability to reclaim broken levels raises the likelihood of continued movement towards lower demand zones unless there is decisive buying activity [2]