Bitcoin, the top cryptocurrency, has seen wild price swings, crashing from its all-time high of $109K to a multi-month low of $78K. However, since then BTC has bounced back to $88K, leaving many wondering, what’s next? Here are three key reasons why Bitcoin could be gearing up for a massive comeback!
Trump’s Crypto Summit Could Be a Game-Changer
One of the biggest events that could push Bitcoin higher is the upcoming Crypto Summit at the White House on March 7. President Trump is set to discuss key issues like crypto regulations and his plan to create a strategic crypto reserve. Big names like Michael Saylor (MicroStrategy), Brad Garlinghouse (Ripple), and Brian Armstrong (Coinbase) are expected to attend.
If this event provides clarity on the government’s stance and opens the door for more institutional adoption, it could spark a major rally in Bitcoin’s price.
Another positive sign for Bitcoin is its recent exchange netflow trend. Data from CryptoQuant shows that BTC’s exchange netflow has been negative over the past week. This means more Bitcoin is moving off centralized exchanges into private wallets, indicating that investors are holding rather than selling.
When fewer coins are available for immediate trading, selling pressure decreases, which historically sets the stage for price increases.
FOMO Leads to Buying Opportunities
Bitcoin’s Fear and Greed Index recently dipped into the “Extreme Fear” zone standing at 20. History shows that when fear dominates, it’s often the best time to buy. Even legendary investors like Warren Buffett and Baron Rothschild have advised buying when others are fearful.
If history repeats itself, this period of fear could be setting the stage for the next big rally.
The trading platform Ox.fun, associated with Three Arrows founder Su Zhu, allegedly increased the supply of OX tokens from approximately 4 billion to nearly 9.8 billion without making an official announcement.
Following the collapse of Three Arrows Capital (3AC), Su Zhu faced imprisonment, further fueling concerns about Ox.fun’s credibility. However, subsequent details offer additional context.
Ox.fun Increases Total Supply of OX Tokens
According to posts on X, users accused Ox.fun of discreetly increasing the total supply of OX tokens from around 4 billion to more than 9.8 billion without prior disclosure. Data from Ox.fun’s official dashboard and Etherscan, a reputable blockchain analysis tool, verified this change.
Moreover, according to a December 2024 post from Ox.fun on Twitter, the original OX supply was verified as 4.2 billion.
The supply increase has not yet significantly impacted the price of OX tokens at the time of this writing. However, it has caused the token’s market capitalization to surge from under $5 million to approximately $17 million. In other words, users online said the project quietly inflated its value without any formal announcement.
Many community members argue that increasing the token supply without disclosure indicates opaque behavior. They think it may be a signal for a rug pull.
Users also expressed their frustration over the lack of response initially from the project’s leaders.
“I love how @OXFUNHQ @zhusu continue to be dead silent about doubling the circulating supply of $OX overnight. I sincerely think they were just hoping that simply no one would notice. True regards,” commented an X user.
Ox.fun Claims It Announced OX Supply Surge
Ox.fun finally responded to the accusations, stating that the increase had been previously disclosed. The project explained that the increase in supply to 9.8 billion tokens was announced on April 1, 2025, as part of the “Ox Seasons” program. According to Ox.fun, Ox Seasons was announced through all social media platforms.
“Importantly, the tokens are locked in the OX treasury multisig (0x4B214e2a2a9716bfF0C20EbDA912B13c7a184E23) and will only be distributed to users at the end of the Seasons program, exactly as outlined in our docs.” stated Ox.fun
Allocation of 6 Billion Additional OX Tokens. Source: Ox.fun
The team emphasized that this move, by disabling the smart contract’s mint function, was intended to ensure transparency and prevent future token minting.
However, the community remains skeptical due to the delayed communication, questioning whether Ox.fun has been as transparent as it claims.
The community’s skepticism persists, given Su Zhu’s reputation in the crypto space has been tarnished since the collapse of Three Arrows Capital (3AC). Additionally, in February 2025, Ox.fun had some issues with JefeDAO. Although the platform later provided explanations, these incidents have raised ongoing concerns about its financial stability.
While the price of OX tokens has not experienced significant fluctuations following this event, smaller trading platforms like Ox.fun are often vulnerable to market sentiment.
Dogecoin network has a vibrant global online community and introducing Dapps could stir up more growth.
Stebbing expects collaborative and open protocols for future Dogecoin Layer 2 projects.
Timothy Stebbing, a product lead at the Dogecoin Foundation, has highlighted how he thinks the meme lord should evolve in the future. In an X post, Stebbing opined that the age of Dogecoin (DOGE) layer 2 is at hand.
As a result, he has cautioned users to anticipate good and bad changes. Moreover, the introduction of layer two chains on the Dogecoin network will open up floodgates for scammers amongst legitimate businesses.
“The L2s will provide smart contracts, new mechanisms for payment, identity systems, tokenization of real-world assets.. an entire ecosystem, a new financial system will be born here,” Stebbing noted.
Stebbing highlighted that the L2 chains on the Dogecoin network work together and embrace competition through open protocols.
“Build open protocols, collaborative and welcome.. then innovate and win via your points of difference, stand above the crowd on your merits, but lift others up with you,” Stebbings concluded.
Impact on Dogecoin Network
The meteorite growth of the Ethereum (ETH) network is heavily influenced by its layer two networks led by Base and Arbitrum. The introduction of Layer 2 chains on the Dogecoin network will be a huge game changer on the dog-themed memecoin.
Moreover, institutional investors will seamlessly tokenize real-world assets led by stablecoins, which will significantly improve the memecoin’s liquidity and utility.
The introduction of the L2 chains on the Dogecoin network may influence a shift towards the proof of stake (PoS) from its current proof of work (PoW) consensus method. Moreover, the Ether core developers have proved that the PoS is more cost-efficient and still secure for optimizing DeFi developments at scale.
The post Dogecoin L2 Brewing: Timothy Stebbing Highlights Future Developments For DOGE appeared first on Coinpedia Fintech News
Dogecoin network has a vibrant global online community and introducing Dapps could stir up more growth. Stebbing expects collaborative and open protocols for future Dogecoin Layer 2 projects. Timothy Stebbing, a product lead at the Dogecoin Foundation, has highlighted how he thinks the meme lord should evolve in the future. In an X post, Stebbing …
Dogecoin (DOGE) price momentum has weakened over the past two weeks, mirroring broader risk-off sentiment in the broader crypto markets. This bearish sentiment further intensified on Tuesday, amid rising geopolitical tensions between India and Pakistan, which have triggered caution across global equities markets.
Dogecoin price (DOGEUSD) | Coingecko
As of May 6, 2025, DOGE trades at $0.1712, reflecting a 0.2% drop in 24 hours, a 1.7% loss over the past week, and a 4.1% decline in the last 14 days.
Dogecoin price struggles under the $0.17 at press time Tuesday, as the meme coin has repeatedly failed to break above the key psychological resistance level at $0.18 during a broader market recovery earlier during the trading session.
The current DOGE price downturn reflects a cautious stance by traders, given the absence of Dogecoin-specific catalysts and increased volatility in global macroeconomic conditions.
Against Bitcoin, Dogecoin is also losing ground, currently trading at 0.051781 BTC, which marks a 1.4% daily decline.
This underperformance relative to BTC indicates that investors are rotating capital out of higher-risk assets like DOGE and into more established cryptocurrencies and high liquidity markets.
U.S. M1 Supply Trends Boost Long-Term Bullish Case for Risk Assets Like Dogecoin
Like other risk assets, DOGE price benefits when central banks expand liquidity, especially through mechanisms like increases in the U.S. M1 supply.
M1 includes physical currency and demand deposits, essentially the most liquid portion of the money supply.
According to recent Federal Reserve data, U.S. M1 stands at approximately $18.5 trillion, having more than doubled since the 2020 pandemic era.
Money Supply M1 in the United States hit to $18.5 in Q1 2025 | Source: TradingEconomics
This expansion has historically benefited risk-on assets like tech stocks and cryptocurrencies. Increased M1 often correlates with looser financial conditions, more speculative capital, and higher retail inflows into digital assets.
With persistent inflation and rising fiscal deficits, analysts expect further pressure on the Fed to maintain accommodative liquidity conditions through 2025.
The correlation between rising M1 and crypto price appreciation has held across past bull cycles.
With Dogecoin ETFs under review with the US SEC, if approved, investors view it as a speculative hedge against fiat devaluation. If DOGE adoption increases during a period of monetary expansion, its could enter a parabolic price breakout.
Here’s Dogecoin Price Prediction If It Matches 30% of U.S. M1 Supply
Dogecoin price would reach approximately $35.60 per coin if it matched 30% of the U.S. M1 supply. This is based on the assumption of a $6.1 trillion valuation, 30% of $18.5 trillion, and a projected 150 billion DOGE supply.
This speculative scenario represents a 20,700% gain from today’s price of $0.1712. It assumes near-universal DOGE adoption across U.S. transactions, payments, and reserves, an unlikely but mathematically plausible forecast. Even if DOGE captured just 5% of M1, the token could trade around $5.93, a level unseen even during the 2021 bull run where it hit an all time high of $0.73.
Such a price surge would require fundamental catalyst, such as mainstream integration, and significant institutional demand for Dogecoin ETFs.
Dogecoin Price Forecast Today: Bears Eye $0.1640 as Key Support Level
Dogecoin price forecast today suggests a mild bearish bias, as the meme token struggles to hold above the mid-Bollinger Band and the 20-day simple moving average (SMA), both currently intersecting near $0.1722.
The latest daily close at $0.1715, just beneath this midline, confirms waning bullish momentum and introduces downside risk, especially as the upper Bollinger Band at $0.1912 remains well out of reach.
Dogecoin Price Forecast Today
More so, DOGE price briefly dipped to $0.1642 in the last session, forming a longer lower shadow, which is often a prime indicator of growing sell pressure beneath $0.17.
Technical indicators reinforce the cautious outlook. The Bollinger Bands are starting to contract after weeks of expansion, signaling reduced volatility and a likely breakout setup.
If $0.1715 fails to hold on a daily closing basis, DOGE could retest the lower Bollinger Band at $0.1532, with intermediate support at $0.1640 acting as the next probable bearish target.
decisive daily close back above $0.1750 would be needed to invalidate the current bearish setup and reintroduce a short-term bullish scenario. Until then, Dogecoin appears vulnerable to a slow bleed toward $0.16 in the coming days.
