Dogecoin Price Drops 14% Over Past Week as DOGE Combats a Major Network Vulnerability

The crypto realm offers multiple chances for investors willing to pick options with tremendous upside potential. However, like all investments, crypto has various risks associated with it.

The cryptocurrency market offers investors a chance to choose options with high upside potential. But like any investment, crypto comes with various risks. Also, crypto markets are known to be more volatile than other markets.

Most high-growth altcoins do not offer sustained long-term growth as it is tied to external market factors. The recent surge in crypto markets has highlighted the strengths and weaknesses of many coins.

One coin that has suffered due to external factors is DOGE. Dogecoin’s price dropped on concerns about network security after over 50% of its nodes were impacted by a security breach. In comparison, the new AI altcoin IntelMarkets (INTL) is shaping up to be a promising option for those looking to buy in cheap into a high-growth option.

The INTL token is set for explosive growth at launch and has already provided long-term returns. Experts anticipate a 7500% rally for IntelMarkets.

Dogecoin Price Drops 14% Over Past Week

Dogecoin is facing a major network vulnerability. About 69% of Dogecoin nodes crashed as a hacker exploited a vulnerability to highlight key risks in DOGE’s network. This breach has impacted Dogecoin price volatility, sharply dropping the DOGE token price.

Between the end of November and December 10, 2024, DOGE ranged from $0.47 to $0.38, with highs followed by market consolidation, forming a regular bull cycle pattern. After the hack, Dogecoin’s price ranged between $0.42 and $0.36. The pattern has flattened out significantly, showing $0.41 as a new resistance level, which the markets have been unable to break.

Today, Thursday morning, the price dropped below its lower resistance price of $0.38 to reach $0.36. This is an excellent opportunity to buy low into this popular meme coin if this is what you wish to add to a portfolio.

Meanwhile, some analysts foresee further declines in Dogecoin price, with the price potentially dropping to $0.30 by January 2025.

DOGE’s market volume is up by $6.36 billion, showing a 50% increase, while the market capitalization has dropped 6% to $53.3 billion. Technicals are giving a bearish signal, with the daily Exponential Moving Average giving a sell signal, while the Relative Strength Index for the day charts is neutral.

INTL Dominates ICOs With 700x Gains And $5 Mn Landmark

IntelMarkets (INTL) is an innovative crypto trading platform that combines the strengths of AI-powered trading bots and aggregators to help its users form advanced trading strategies and perform real-time data analysis. These features augment traders by facilitating complex trades across multiple markets.

This integration of AI and DeFi propels INTL into the next generation of trading solutions. INTL aims to disrupt the billion-dollar crypto trading space by empowering retail traders with institutional-grade trading tools.

Operating on the Solana and Ethereum blockchains, IntelMarkets functions seamlessly across chains. Currently, in the 8th presale stage, the INTL token is priced at a bargain of $0.073. The project has raised over $4.9 million in record time, with early backers experiencing a 700% increase in price.

The IntelMarkets (INTL) presale is heating up as it nears sellout. In the next phase, INTL tokens will rise to $0.082. This mechanism rewards those who identify IntelMarkets early, as the price of tokens rises with the growing adoption of INTL.

Conclusion

Everything discussed above points toward IntelMarkets (INTL) being the future of crypto trading. This AI-powered trading platform is set to compete against established players. The new AI coin might become a strong contender against top altcoins, hailed by experts as the best new crypto to invest in.

Those who buy INTL now will capitalize on this growth and get governance voting rights, discounts on trading fees, and more. This could make INTL one of the best cryptos to watch.

Check out the IntelMarkets for more information about the technical platform, or Join the Presale for exclusive benefits.