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Cryptocurrency News Articles
Dogecoin (DOGE) and XRP Contribute 30% and 20% of Trading Activity on South Korea's Leading Exchanges, Upbit and Bithumb, Overtaking Bitcoin
Nov 20, 2024 at 07:34 pm
South Korea's top crypto exchanges Upbit and Bithumb have reported a massive surge in trading volumes for altcoins like Dogecoin (DOGE) and XRP (XRP), beating the likes of giants such as Bitcoin (BTC).
South Korea’s leading crypto exchanges have reported a massive surge in trading volumes for altcoins like Dogecoin (DOGE) and XRP, beating the likes of Bitcoin (BTC).
Key Notes
South Korea’s top crypto exchanges Upbit and Bithumb have reported a massive surge in trading volumes for altcoins like Dogecoin and XRP, beating the likes of giants such as Bitcoin.
This trading frenzy happens as both DOGE and XRP have registered a staggering 100% gains in just the last two weeks. A part of this activity may be linked to wash trading.
Dogecoin (DOGE) Enters Parabolic Bull Run
Following Donald Trump’s victory in the US Presidential Elections in early November, the Dogecoin (DOGE) price has witnessed a mega rally. On the monthly chart, the DOGE price is up by a staggering 168% and currently trading close to $0.40.
Popular crypto analyst Ali Martinez believes that Dogecoin is preparing for a parabolic bull run ahead. The Dogecoin whale accumulation has also spiked up significantly this month along with retail activity.
Crypto analyst Ali Martinez has identified a potential governing pattern in Dogecoin’s (DOGE) price action, suggesting that it operates within a parallel channel. The key price targets based on this analysis are $2.40 and $18, respectively.
Courtesy: Ali Charts
What’s Next for XRP Price After 66% Rally?
On the weekly chart, the XRP price has gained by a staggering 66%. XRP’s rally began last week, fueled by a changing US regulatory landscape that has bolstered tokens tied to companies previously hindered by actions from the Securities and Exchange Commission (SEC).
Commenting on the further XRP price action, Omkar Godbole of Coindesk said:
“XRP is holding steady above $1 after a powerful rally — the strongest in three years! While intraday charts hint at a possible pullback, it could set the stage for another upward move”.
However, he added that “resistance looms at $1.26 and $1.40, echoing the supply zone from September 2021”.
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- Aptos (APT) Mimics SUI's Chart, Eyes 70% Surge to Reclaim Q1 Highs
- Nov 20, 2024 at 10:25 pm
- Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency's recent performance follows SUI's lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks.
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- Cryptocurrency Exchange Woo X Launches “George AI,” an AI Tool That Allows Users to Copy Trades Based on Machine Learning Sentiment Analysis
- Nov 20, 2024 at 10:25 pm
- Cryptocurrency exchange Woo X has launched “George AI,” an artificial intelligence tool that allows users to copy trades based on machine learning sentiment analysis.