Dogecoin Price To Rally To $0.27? Expert Reveals Critical Level For DOGE

Monicah W

Dogecoin Price To Rally To $0.27? Expert Reveals Critical Level For DOGE

The Dogecoin price is in focus, having gained over 34% in the last seven days. Crypto analyst Rekt Capital has commented on the meme coin’s current price action and highlighted a critical level it needs to hold above to sustain this bullish momentum and rally to $0.27.

Dogecoin Price Could Rally To $0.27 If It Holds This Level

In an X post, Rekt Capital indicated that the Dogecoin price could soon rally to $0.27. However, he remarked that the meme coin needs to hold the green candle at around $0.22 on the weekly chart for it to reach this price target.

Dogecoin price

This came as he noted DOGE is now performing that key retest of pre-halving resistance into new support. In an earlier analysis, he also revealed that the top meme coin has successfully enjoyed a weekly close above the pre-halving highs. He added that Dogecoin is now on the brink of reclaiming that old resistance around $0.2 as the new support.

Indeed, the Dogecoin price is currently retesting the old resistance as part of a broader crypto market correction. The Bitcoin price has dropped to as low as $100,800 today, dragging altcoins alongside it. As a result, DOGE had fallen to $0.22 from its intraday high of $0.25.

Meanwhile, the meme coin is also at risk of suffering a correction due to the upcoming $100 million Dogecoin token unlock. Token unlocks typically put selling pressure on an asset, which could lead to a significant price decline.

DOGE To Still Reach $1

Despite the recent correction and upcoming token unlock, crypto analyst Crypto Kaleo has predicted that the Dogecoin price will still reach the psychological $1 level. He stated that it is finally time for market participants to start paying attention again to the “king of memes” as it eyes a rally to this price level.

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Interestingly, his accompanying chart showed that DOGE could even surpass the $1 level and rally to as high as $3. Meanwhile, the rally to these price levels is expected to happen in the second quarter of this year.

In the short term, the $0.22 price level is the level to watch out for. A Coingape market analysis also noted that a bearish reversal pattern suggests that DOGE may drop to $0.22 before a sustained rally.

The post Dogecoin Price To Rally To $0.27? Expert Reveals Critical Level For DOGE appeared first on CoinGape.

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Justin Sun Accuses First Digital Trust of Misusing $500 Million via Dubai Banks

Tron founder Justin Sun has renewed his accusations against First Digital Trust (FDT), claiming the firm moved $500 million in customer funds to banks in Dubai.

In a May 3 post on X, Sun claimed the money was spread across multiple institutions, including Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank (ADIB), and EFG.

Tron Founder Urges Dubai to Investigate FDT

Sun also named several individuals he believes were involved in authorizing or facilitating the transfers. These include Christian Alexander Boehnke, De Lorraine Elbouef, FDT CEO Vincent Chok, Yai Sukonthabhund, Matthew William Brittain, and Cecilia Teresa Brittain.

According to him, these individuals held executive roles at FDT and related entities, which allegedly gave them the authority and access needed to misappropriate customer assets.

Alleged Flow of First Digital Trust's Misappropriated Fund.
Alleged Flow of First Digital Trust’s Misappropriated Fund. Source: Justin Sun

Sun’s accusations come as Dubai is positioning itself as a global center for crypto innovation. Over the past years, the authorities have introduced several pro-crypto initiatives that have drawn international attention and investment.

Against this backdrop, Sun urged local banks, regulators, and government bodies to take immediate steps to investigate the transfers and freeze any suspicious inflows.

He also pushed for internal audits, public disclosures of any anomalies, and active cooperation from the institutions involved.

“I once again urge the Dubai government, regulators, and banks to act swiftly and decisively. Dubai must not become a safe haven for fraud and money laundering. Banks must conduct internal reviews, freeze suspicious inflows immediately, and report them proactively. Do not become enablers of criminal activity,” Sun stated.

These accusations add to a growing dispute between Sun and the Hong Kong-based custodian.

Last month, he compared the alleged embezzlement at FDT to the FTX scandal, calling it “far worse” because it did not involve a loan collateral structure or user approval.

Sun has launched a $50 million bounty program to support investigations, uncover further details, and hold those responsible accountable. He has also launched a dedicated website to expose the alleged scam.

FDT has denied all accusations and filed a defamation lawsuit against Sun. Meanwhile, Hong Kong regulators have started reviewing local trust companies’ conduct in light of the allegations.

First Digital Trust's FDUSD Stablecoin Market Cap.
First Digital Trust’s FDUSD Stablecoin Market Cap. Source: BeInCrypto

Since the dispute began, the market capitalization of FDT’s FDUSD stablecoin has plunged. According to BeInCrypto data, the stablecoin’s market cap had dropped from over $2.5 billion to around $1.4 billion as of press time.

The post Justin Sun Accuses First Digital Trust of Misusing $500 Million via Dubai Banks appeared first on BeInCrypto.

Superstate CEO Launches Platform To “Replace Crypto Assets With Equities” – SOL Strategies Makes First Bet!

Superstate Launches New Platform To Bring SEC Registered Shares OnChain

Superstate New Platform:- The tokenization of Real World Assets is the biggest bet that the web3 firms are focusing as of now.

In another groundbreaking update, the Solana Infra company, SOL Strategies, has announced its plan to bring registered shares On-chain.

For this, SOL Strategies has team up with Superstate to bring its SEC-registered public equities and get them trading on blockchain networks.

This comes after on Thursday, Superstate launched a platform – Opening Bell. It allows companies to issue SEC-registered shares directly onto blockchain.

Superstate’s New Platform – Opening Bell

Superstate last month in March unveiled its transfer agent with the US Securities and Exchange Commission – Superstate Swrvices LLC. Using this SEC-registered transfer agent, it will record and tokenize the actual shares of the companies via Opening Bell.

According to the company’s blog post, for already publicly traded companies, it will open a new capital market all while maintaining compliance with existing securities regulations.

For companies not yet public, it will allow them to start trading in the crypto market and raise from crypto investors. They will also have a future option to move to traditional stock exchanges like the Nasdaq or NYSE.

Superstate’s Opening Bell platform aims to modernize capital markets by offering features such as 24/7 trading, instant settlement, and global accessibility.

Thus, the platform is designed to support both existing public companies and late-stage private firms seeking more flexible access to liquidity.

SOL Strategies Makes First Bet on Superstate’s Platform

The first company to utilize Opening Bell is SOL Strategies. As a Canada-based firm focused on investing in and providing infrastructure for the Solana blockchain ecosystem, SOL Strategies is listed on the Canadian Securities Exchange (CSE) with Ticker symbol HODL

SOL Strategies plans to list its shares on the platform. This marks a significant step towards integrating traditional equity markets with blockchain technology.

Interestingly, the announcement comes after SOL Strategies acquired 122,524 $SOL on May 6.

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SOL Strategies Stock

Also Read: US Treasury Slam Senate For Blocking GENIUS Act

Can it Replace the Current Crypto Assets Trading on Blockchain

Superstate CEO Robert Leshner said in a recent interview, “Opening Bell aims to bring traditional public equities into Blockchain.”

It will allow investors to trade the publicly listed shares of equities on traditional exchanges as well as on the blockchains like Solana, Ethereum.

CEO Robert also said, “there is also an opportunity to replace the assets that are trading currently – mostly memecoins and crypto native tokens – and complement them with new asset – equity.

Indeed, this  can be a transformative shift in the kind of assets available for trade on blockchains. They’re generally memecoins and native crypto assets of the respective blockchains.

However, crypto assets like Bitcoin, Ethereum, stablecoins, DeFi tokens exist to store value. They fuel decentralized apps and protocols, collateralize loans, pay transaction fees, govern networks, etc.

While tokenized shares are ownership stakes in real‐world companies. They’re regulated just like the paper or book‑entry shares we’d buy on a traditional exchange. With Superstate’s Opening Bell, they will only now they live on‑chain.

Thus, Opening Bell isn’t designed to “wipe out” existing crypto‑asset trading. It will simply add a whole new asset class (tokenized public shares) to the same blockchains where we already trade ETH, BTC, stablecoins, etc.

Also Read: Jeffy Yu Death Controversy

The post Superstate CEO Launches Platform To “Replace Crypto Assets With Equities” – SOL Strategies Makes First Bet! appeared first on CoinGape.

Most Altcoins Face Rapid Decline Against Bitcoin, Study Shows

A recent study by Swan, a Bitcoin financial services company, has revealed that most alternative cryptocurrencies (altcoins) experience rapid and systemic depreciation when measured against Bitcoin (BTC). 

The findings highlight Bitcoin’s role as a more stable asset for capital preservation in the fluctuating cryptocurrency market.

Bitcoin vs. Altcoins: Which is Better? 

Swan shared its insights in a detailed thread on X (formerly Twitter). 

“Altcoins don’t just underperform Bitcoin. They collapse against it,” the post read.

The analysis examined the performance of the top 300 altcoins over five years. It focused on the time it takes for these assets to lose 90% of their value relative to Bitcoin after reaching their all-time highs (ATH).

“The median altcoin reached a -90% drawdown in just 10–20 months,” Swan revealed.

Moreover, according to Swan’s data, Terra (LUNA1), Ontology Gas (ONG), and Bitgert (BRISE) collapsed the fastest, hitting the 90% drawdown mark in under two months. Larger, more established altcoins were not immune to this trend. 

For instance, Cardano (ADA) and XRP (XRP) took 36 months to depreciate 90% from their record peak. Meanwhile, Litecoin (LTC) experienced a gradual decline, taking 69 months. Monero (XMR) saw the slowest drop, taking six years to reach a -90% drop.

Altcoin’s Performance Compared to Bitcoin
Altcoin’s Performance Compared to Bitcoin. Source: Swan

Swan’s analysis extends to 45 altcoins that have not yet experienced the 90% decline. While they have not yet “collapsed,” the data suggests they are merely delaying their inevitable losses. 

The average drawdown for these altcoins is 76% from their peak value. Even the best-performing altcoin among them is still down by 43% compared to BTC.

“Bitcoin remains the benchmark for capital preservation. These assets don’t hedge Bitcoin — they bleed against it,” Swan added.

The findings point to a systemic issue within the altcoin space. The data suggests that altcoins, often marketed as alternatives to Bitcoin, fail to deliver sustained value over time compared to the leading cryptocurrency.

Swan also stressed that long-term outperformance by altcoins is exceptionally rare. Furthermore, the firm believes survivorship bias — the tendency to focus on successful projects — has hidden the widespread decay across the broader market.

“With performance like this, it’s astonishing that altcoins continue to exist. Then again, humans love gambling,” Swan executive John Haar remarked.

Why Altcoin Season Might Never Return?

The growing saturation in the altcoin market adds to the concerns. According to CoinMarketCap (CMC) data, over 1.8 million tokens have been created in just the past month. 

However, the vast majority of these tokens fail to deliver. BeInCrypto recently reported that 89% of tokens listed on Binance in 2025 are in the red. Thus, newer altcoins’ value is driven more by short-term trading and hype rather than any lasting fundamentals.

In addition, this surge in the number of tokens has fragmented market liquidity. These factors have even delayed the long-anticipated “altcoin season.” Yet, some analysts even argue that the traditional altcoin season may never return.

This shift is largely due to Bitcoin’s increasing dominance in the market, bolstered by institutional adoption and growing regulatory attention. While Bitcoin solidifies its position as the dominant digital asset, the same cannot be said for altcoins, which struggle to maintain relevance and investor interest in the face of Bitcoin’s continued rise.

The post Most Altcoins Face Rapid Decline Against Bitcoin, Study Shows appeared first on BeInCrypto.