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As cryptocurrency markets rebound ahead of a week packed with important US economic data releases, various meme coins are leading the pack, and might be the best crypto to buy now. The post Best Crypto to Buy Now May 13 – Dogecoin, Shiba Inu, Pepe appeared first on Cryptonews .

Best Crypto to Buy Now May 13 – Dogecoin, Shiba Inu, Pepe

Bitcoin is moving sideways, posting drab price action, forcing participation to taper. But amid this consolidation and even fear of more losses, one analyst has shared data suggesting that long-term holders are accumulating at spot rates. Are We Back To 2021? Bitcoin Long-Term Holders Accumulating In a post on X, the analyst noted that this re-accumulating pace is picking up momentum, mirroring a welcomed trend that preceded the impressive 2021 bull run. Therefore, if long-term holders, or HODLers, accumulate, the probability of BTC rallying in the sessions ahead is elevated. Thus far, BTC has been trending above $60,000, up 10% from the May 2024 lows. For clarity, the data shared by the analyst uses Unspent Transaction Outputs (UTXOs) to classify long-term and short-term holders. Analyzing the age of UTXOs makes it easier to gauge the behavior of different investor groups. Related Reading: Analyst Predicts Injective (INJ) Breakout: $50 Price Range On The Horizon Usually, UTXOs older than 155 days have “diamond hands” or long-term holders. Meanwhile, those who hold BTC for less than 155 days are short-term holders or often classified as “weak” hands. They are usually traders or speculators interested in riding on price volatility, like in the first half of Q1 2024. When long-term holders stopped distributing BTC in 2021, prices rose sharply. By November 2021, the coin had peaked at around $70,000, lifting prices by nearly 1,500% from 2020 lows. It is unclear if BTC is ready for another 15X surge from spot rates, a move that would propel it to over $700,000. BTC Has Strong Support At $60,000, Analyst Urges Patience While the on-chain data paints a bullish picture, some analysts advocate caution. Taking to X, one analyst notes that Bitcoin has strong support at around the psychological $60,000 mark. The coin could stabilize if bulls soak in selling pressure and reject attempts for lower lows. However, if prices dump below $60,000, triggered by a news event, BTC may fall to as low as the $52,000 to $55,000 zone. Despite the potential for short-term volatility, the analyst encourages investors to maintain a long-term perspective. Accumulating Bitcoin at these levels and exercising patience could be a winning strategy, the analyst says. Related Reading: DOGE Price Prediction – Can Dogecoin Bulls Overcome This Hurdle? This preview would be especially true now that on-chain data shows that long-term holders are accumulating. Before then, traders should watch price action. The coin is moving sideways, finding rejection at $66,000. Even though prices are lower, the last day’s series of higher highs is encouraging and might spark demand. Feature image from DALLE, chart from TradingView

Bitcoin Long-Term Holders Accumulating Like In 2021: Is BTC Ready For A 15X?

Dogecoin founder and creator, Billy Markus, popularly known as Shibetoshi Nakamoto, has distanced himself from the reports making rounds on social media suggesting that there’s an impending big announcement for Dogecoin (DOGE). He took to his X (formerly Twitter) account to ward off speculations about an announcement from him. Meanwhile,

Dogecoin Creator Clears The Air On The Expected Big DOGE Announcement

Meme cryptos soared on Monday after a popular GameStop trader who drove the 2021 meme craze posted for the first time in around three years.

Dogecoin Spikes As Trader Roaring Kitty’s Return From Three-Year Hiatus Reignites Meme Craze

Crypto analyst Kyle Chasse has given his price predictions for different crypto tokens. His price targets for Dogecoin (DOGE) and XRP were eye-catching, considering the heights he expects these coins to reach. Dogecoin To $2 And XRP To $3 Chasse mentioned in an X (formerly Twitter) post that Dogecoin will climb to $2 and XRP

Crypto Price Predictions For 2024: Dogecoin To $2 And XRP To $3

Something intriguing is triggering the stock and crypto market today and Dogecoin (DOGE) is at the receiving end. The iconic meme stock from 2021, GameStop has resurfaced with over 60% within a few hours. This uptrend has sent stocks and memecoins on an unprecedented rally across the board. Dogecoin In a Vantage Position Entering into The post Dogecoin (DOGE) Joins GameStop-Induced Rally With 10% Surge appeared first on CoinGape .

Dogecoin (DOGE) Joins GameStop-Induced Rally With 10% Surge

Dogecoin may witness a decrease in value as buying pressure subsides. Recent metrics indicate a negative sentiment trend, affecting market prices. Continue Reading: Dogecoin Faces Potential Decline in Value

Dogecoin Faces Potential Decline in Value

Dogecoin, the meme-inspired cryptocurrency that has captured the attention of both retail investors and celebrities alike, is once again making headlines as reports emerge of significant purchases by institutional investors and high-profile individuals. This development has sparked speculation among the broader cryptocurrency community about whether retail investors should follow suit and add Dogecoin to their …

Dogecoin: To the moon or risky bet? Institutional interest sparks debate

Dogecoin and political meme coins are booking significant gains amid the GameStop stock resurgence, with some Donald Trump coins up 30% or more.

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