{"id":38631,"date":"2025-01-24T09:04:20","date_gmt":"2025-01-24T09:04:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38631"},"modified":"2025-01-24T09:04:20","modified_gmt":"2025-01-24T09:04:20","slug":"recent-dogecoin-doge-developments-bitcoin-btc-volatility-and-more-bits-recap-jan-24","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38631","title":{"rendered":"Recent Dogecoin (DOGE) Developments, Bitcoin (BTC) Volatility, and More: Bits Recap Jan 24"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Dogecoin\u2019s (DOGE) price remains volatile as anticipation builds around potential ETF approvals from firms like Bitwise and Osprey Funds.
\nBitcoin (BTC) has been hovering between $101,000 and $109,500 in the past few days, with the volatility likely driven by the political changes in the USA.
\nThe launch of TRUMP and MELANIA meme coins sparked massive hype, but recent drops and scam risks highlight the dangers involved with the niche.<\/p>\n

<\/a><\/span><\/h2>\n

DOGE on the Spotlight<\/h2>\n

The <\/span>biggest<\/span> meme coin drew the crypto community\u2019s attention on January 21, when its price experienced a double-digit spike in a matter of minutes. The rally was fueled by the newly established Department of Government Efficiency (D.O.G.E.), which <\/span>featured<\/span><\/a> the asset\u2019s logo on its official website.<\/span><\/p>\n

Dogecoin\u2019s valuation surged to $0.40, but the rally was short-lived. Currently, it is worth around $0.36 (per CoinGecko\u2019s data), while D.O.G.E.\u2019s website removed the logo from its front page.
\n<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

It is important to note that further announcements coming from the agency may continue to impact the token. After all, <\/span>D.O.G.E.<\/span><\/a> is led<\/span> by Elon Musk, <\/span>who is<\/span> an outspoken advocate of the OG meme coin and often endorses it on X.<\/span><\/p>\n

Despite its enhanced volatility, Dogecoin has been the subject of numerous bullish predictions lately<\/span>.<\/span> One of the biggest optimists is the popular analyst Ali Martinez, who <\/span>envisioned<\/span><\/a> the price exploding to $15. He based his prediction on the potential approval of Bitwise\u2019s filing to launch a Dogecoin exchange-traded fund (ETF).\u00a0<\/span><\/p>\n

The company submitted its application with the SEC on January 22, while <\/span>prior to<\/span> that, REX Advisors and Osprey Funds jointly filed to introduce an ETF that includes exposure to DOGE.\u00a0<\/span><\/p>\n

BTC\u2019s Rollercoaster\u00a0<\/span><\/h2>\n

The primary cryptocurrency also <\/span>passed through<\/span> severe turbulence in the past few days. It <\/span>hit<\/span><\/a> a new all-time high of almost $110,000 on January 20 (hours before Donald Trump\u2019s inauguration) but fell to approximately $101,000 once the Republican officially became America\u2019s 47th President. The plunge was likely <\/span>caused<\/span><\/a> by Trump\u2019s speech, which did not include any comments about the crypto industry.<\/span>\u00a0<\/span><\/p>\n

In the following days, BTC continued to experience substantial volatility. On January 23, it <\/span>spiked<\/span><\/a> to $106,000 after US Senator Cynthia Lummis hinted that \u201cbig things are coming\u201d for the asset.\u00a0<\/span><\/p>\n

The crypto community speculated that the news could be related to the potential establishment of a strategic BTC reserve in the US. However, President Trump <\/span>signed<\/span><\/a> an executive order to review the creation of a \u201cNational Digital Asset Stockpile,\u201d expanding the scope of the effort to other cryptocurrencies.\u00a0<\/span><\/p>\n

In the aftermath, BTC\u2019s price tumbled to $103,000 before rising to its current $105,300 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

TRUMP and MELANIA<\/span><\/h2>\n

Lastly, we will touch upon some of the most trending meme coins lately: those issued by the US President and his wife. Official Trump (TRUMP)<\/span> saw the light of day<\/span><\/a> on January 18, and hours later, its market capitalization reached a whopping $14.5 billion. The surge was <\/span>fueled<\/span><\/a> by massive hype and support from leading exchanges such as Binance and Coinbase.\u00a0<\/span><\/p>\n

America\u2019s first lady also <\/span>dived in<\/span>, <\/span>launching<\/span><\/a> a meme coin called Melania Meme (MELANIA). Its market capitalization also soared into the billions, although it did not reach TRUMP\u2019s dimensions.<\/span><\/p>\n

However, both tokens have plunged significantly in the last few days, showcasing the unpredictable and volatile nature of the meme coin niche. In addition, scammers have supposedly <\/span>created<\/span><\/a> multiple fake websites offering dubious services with TRUMP and MELANIA, with the sole purpose of conning unsuspecting victims.<\/span><\/p>\n

People <\/span>who are<\/span> about to enter the ecosystem should first do proper research and invest only as much as they are ready to lose.<\/span><\/p>\n

The post Recent Dogecoin (DOGE) Developments, Bitcoin (BTC) Volatility, and More: Bits Recap Jan 24<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Dogecoin\u2019s (DOGE) price remains volatile as anticipation builds around potential ETF approvals from firms like Bitwise and Osprey Funds. Bitcoin (BTC) has been hovering between $101,000 and $109,500 in the past few days, with the volatility likely driven by the political changes in the USA. The launch of TRUMP and MELANIA meme coins sparked […]<\/p>\n","protected":false},"author":0,"featured_media":38632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38631"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38631"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38632"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}