DOGE Price Plummets Over 13% Despite Previous Optimism, Can It Recover?

Current cryptocurrency market trends are causing concern among traders. The DOGE price has dropped 13% in just 24 hours, falling to $0.2539.

As the cryptocurrency market continues to experience turbulence, several key price movements and developments have emerged.

The DOGE price has taken a hit, dropping over 13% in just 24 hours and falling to $0.2539. This decline has traders questioning whether the meme coin can maintain a price above $0.25 or if further decreases are likely. Recent reports had hinted at a possible upward trend near $0.31, but that possibility seems to have diminished.

Meanwhile, Cardano whale activity appears to have decreased, following an 18% drop in ADA’s price. Observers have noted that large holders seem to be holding back, which could indicate a lack of strong bullish sentiment. On-chain data shows that the number of addresses holding between one million and ten million ADA has remained relatively stable. This suggests that there are no significant inflows from major players.

However, BlockDAG’s presale has now exceeded $193 million, largely driven by a 5% USDT cashback incentive. The straightforward affiliate program allows traders to earn rewards immediately, rather than waiting for BDAG to launch on the market.

Here's a closer look at each development:

DOGE Price Plummets Over 13% Despite Previous Optimism

The DOGE price has suffered a substantial setback, plummeting more than 13% in a single day to $0.2539. This decline casts doubt on the meme coin’s potential for recovery in a bearish market. Recent reports had hinted at a possible upward trend near $0.31, but that possibility has diminished. Traders are now focused on whether the DOGE price can find support above $0.25 or if a more significant downturn will follow.

Technical indicators remain unclear, and the ongoing sell-off suggests that buyers are not yet returning in large numbers. Volatility continues to be a factor. The DOGE price may require a resurgence in trading activity or a shift in market sentiment before it can stage a substantial recovery in the near future.

Cardano Whale Activity Indicates Limited Accumulation

Cardano whale activity appears to be subdued, with ADA hovering around $0.7111 after an 18% drop within the past day. Observers have noticed that large holders seem reluctant to increase their positions, which could indicate a lack of strong bullish sentiment. On-chain data shows that the number of addresses holding between one million and ten million ADA has remained relatively stable. This suggests that there are no significant inflows from major players.

Increased Cardano whale activity could boost confidence in ADA’s price potential. However, current indicators, including a declining Average Directional Index (ADX), point to weak momentum. This implies that sideways trading might continue. Many are waiting to see if Cardano whale activity increases, which could trigger a turnaround in ADA’s performance.

BlockDAG Presale Reaches $193 Million, Driven by 5% Cashback Program!

BlockDAG’s presale has achieved an impressive total of over $193 million, with over 18.3 billion coins sold at a price of $0.0248. Early participants have already seen a remarkable 2,380% surge in their holdings. Analysts are now identifying BDAG as a top cryptocurrency to consider.

The heightened interest is largely due to BlockDAG’s innovative Affiliate Program, which provides a 5% cashback reward to both the referrer and the new buyer. Participating in the program is simple. If a BlockDAG holder refers someone who purchases $10,000 worth of BDAG, both parties receive $500 in USDT, which is credited to their BEP-20 compatible wallets.

This strategy provides immediate benefits and has generated considerable momentum in the presale, attracting new participants and rewarding existing supporters.

BlockDAG’s presale has also seen strong miner sales, with over $6.3 million in sales and 15,800 miners sold. As more buyers join BlockDAG, participants receive 5% cashback while also contributing to the presale’s progress toward its ambitious $600 million target. This creates a mutually beneficial scenario for all holders. With BlockDAG aiming to launch its mainnet this year, traders are eager to earn extra cash today.

Many traders also believe that acquiring BDAG now will lead to further gains as the presale total continues to climb in the current challenging market.