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- Dogecoin Sentiment Hits Rock Bottom—Is Now the Time to Buy?
Dogecoin Sentiment Hits Rock Bottom—Is Now the Time to Buy?
Dogecoin's low social media activity and bearish sentiment could present a contrarian buying opportunity, with analysts projecting potential gains for the meme coin by 2025.
Steven Walgenbach
January 09, 2025
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Breaking Crypto Stories
Here are the top stories today:
DOGE ’Extremely Quiet’ Social Chatter Could Be an Opportunity: Analyst
Oklahoma Senator Introduces Bitcoin Freedom Act for Btc Payments
Ripple RLUSD Stablecoin Poised for Major Exchange Listings, Ripple President Confirms
Elon Musk and Crypto Community Rally Behind Pierre Poilievre as Canada Prepares for Leadership Change
Bitcoin Faces $612 Billion Liquidity Surge in Q1 2025, Analysts Anticipate BTC Rally
Question of the Day
Will BTC rally in the next 3 months?
Despite a decline in social media activity and sentiment, some analysts and traders view Dogecoin's current low sentiment as a potential buying opportunity, with optimistic projections for its performance in 2025.
Dogecoin sentiment is at a bearish 1 out of 5, with market activity subdued and prices down 28% over the past month.
Analysts predict Dogecoin could see significant gains by 2025, with projections as high as $3 to $5 based on price action patterns and indicators like the Gaussian Channel.
Interest in Dogecoin on platforms like Google has dropped significantly, while a class-action lawsuit against Elon Musk related to Dogecoin manipulation was recently withdrawn.
Oklahoma Senator Dusty Deevers introduced the Bitcoin Freedom Act to allow residents and businesses to use Bitcoin for salaries, payments, and investments, positioning the state as a leader in financial technology innovation while addressing inflation concerns.
The Bitcoin Freedom Act (SB325) seeks to enable voluntary use of Bitcoin for salaries, payments, and transactions, promoting free-market principles and financial sovereignty in Oklahoma.
Senator Deevers highlights Bitcoin's potential to counter inflation and protect earnings, contrasting it with the declining value of the US dollar and criticizing central bank digital currencies (CBDCs) for undermining financial privacy.
Oklahoma aims to lead in financial technology with this legislation, following Governor Kevin Stitt’s 2024 blockchain law supporting crypto mining and creating a legal framework for blockchain firms.
The Ripple RLUSD stablecoin is set to be listed on major exchanges, Ripple President Monica Long confirms.
Ripple President Monica Long announced that Ripple USD (RLUSD) stablecoin is actively pursuing major exchange listings, with updates expected soon.
RLUSD's adoption is fueled by Ripple’s payments business, which doubled in the past year, positioning the stablecoin as a key player in the growing $206.2 billion stablecoin market.
Ripple partnered with Chainlink to integrate price feeds for RLUSD on Ethereum and the XRP Ledger, aiming to boost its DeFi use cases and provide secure, tamper-proof pricing data.
Elon Musk and the cryptocurrency community rally behind Pierre Poilievre as Canada’s next potential prime minister as Justin Trudeau resigns.
Canadian Prime Minister Justin Trudeau announced his resignation, paving the way for Conservative leader Pierre Poilievre, a vocal Bitcoin advocate, to emerge as the frontrunner for the October 20 election.
Tesla CEO Elon Musk praised Poilievre’s economic stance on inflation and government spending, amplifying his message to a global audience. Crypto leaders like Coinbase’s Brian Armstrong and BTC Inc.’s David Bailey have also expressed strong support for Poilievre’s pro-Bitcoin policies.
Poilievre’s commitment to Bitcoin and opposition to central bank digital currencies have resonated with the crypto community. If elected, he could position Canada as a leader in cryptocurrency innovation, potentially establishing a national Bitcoin reserve.
Bitcoin braces for a $612 billion liquidity surge in Q1 2025 that could lead to a BTC rally.
Bitcoin could benefit from a $612 billion liquidity injection into the U.S. Treasury during Q1 2025, potentially offsetting concerns over delayed crypto regulations under the Trump administration.
Despite falling below $100K amid holiday-induced slowdowns, analysts remain bullish, predicting a potential rally to $150K or higher by late 2025, driven by institutional investments and a growing global money supply.
Bitcoin's trajectory in early 2025 will depend on institutional participation, favorable macroeconomic conditions, and progress in crypto policy under Trump’s leadership, with significant milestones like $100K and $200K in sight.
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