Dig Deeper, Invest Smarter
As companies race to innovate with quantum computing, Elon Musk has probed Bitcoin’s safety in the near term from emerging risks. Musk’s AI chatbot Grok disclosed that Bitcoin will remain impervious to quantum computing threats till the end of the decade. Quantum Computing Will Not Crack Bitcoin In This Decade World’s richest man Elon Musk
The post Is Quantum Computing A Threat for Bitcoin- Elon Musk Asks Grok appeared first on CoinGape.
Dogecoin holders have been withdrawing their funds from spot markets in April, with the leading meme coin facing mounting selling pressure.
The lack of new capital flowing into DOGE reflects a decline in investor confidence and adds downward pressure on the altcoin.
Since the beginning of April, DOGE has seen a consistent stream of net outflows from its spot market, totaling over $120 million. Net inflows during the same period have been negligible, amounting to less than $5 million per Coinglass.
When an asset records spot outflows, more of its coins or tokens are being sold or withdrawn from the spot market than are being bought or deposited.
This indicates that DOGE investors are losing confidence and opting to liquidate their holdings due to increasingly bearish market conditions.
The persistent outflows from the meme coin over the past two weeks reflect the lack of new demand for the altcoin. If this trend continues, DOGE’s price could remain range-bound or face another decline cycle.
On the technical front, DOGE’s Relative Strength Index (RSI) has continued to trend downward on the daily chart, further confirming the bearish outlook.
At press time, this key momentum indicator, which measures an asset’s oversold and overbought market conditions, is below the 50-neutral line at 47.61.
When an asset’s RSI falls below the center line, bearish momentum strengthens. This suggests that DOGE selling pressure is beginning to outweigh buying interest, signaling a potential dip in the asset’s price.
With the crypto market’s volatility heightened by Donald Trump’s ongoing trade wars and DOGE’s current struggles to attract fresh investment, the meme coin may test new lows in the near term. If selling pressure strengthens, DOGE could revisit its year-to-date low of $0.12.
Conversely, a resurgence in new demand for the meme coin will invalidate this bearish outlook. In that scenario, DOGE’s price could break above $0.17 and climb to $0.20.
The post Dogecoin (DOGE) Spot Outflows Hit $120 Million in April — More Losses Ahead? appeared first on BeInCrypto.
Dogecoin price struggles under the $0.18 resistance as geopolitical tension rises. Here’s how DOGE could react if it matches 30% of US M1 Supply.
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.
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.
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.
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.
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 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.
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.
The post How High Could 1 Dogecoin Price Go If It Matches 30% of US M1 Supply? appeared first on CoinGape.
Amid calls of Bitcoin price rally to $500K and $1 million by 2030, maximalist Willy Woo said that on a realistic basis, BTC’s compounded annual growth rate (CAGR) will drop under 10%, from the current 40%. Woo’s projections come from historical data, setting up some realistic expectations. He explains how BTC is gaining prominence as a global macro asset. Willy Woo Explains Why Bitcoin CAGR Will Drop In the Next Decade Prominent analyst Willy Woo has offered insights into Bitcoin’s Compound Annual Growth Rate (CAGR), highlighting a shift in its growth dynamics over recent years. Woo explained that Bitcoin’s explosive growth phases, like the 100%-plus CAGR seen before 2017, are now part of its history. Woo further stated that 202 was a pivotal year as it became institutionalized, and corporations and sovereign entities began to accumulate the assets. Furthermore, with the arrival of spot BTC ETFs in January 2024, institutional… Read More at Coingape.com
The post Bitcoin Maxi Says Long-Term BTC CAGR To Drop Under 10%, Here’s Why appeared first on CoinGape.