Table of Contents:
Dogecoin at a Crossroads: Decline or 50% Recovery?
Dogecoin, once the leading meme-coin, is currently facing a critical phase. The cryptocurrency has seen its price drop below the 200-day Simple Moving Average (SMA) of $0.24, reaching a low of $0.195 before slightly recovering to $0.2071. Analysts from The Coin Republic highlight the importance of the $0.19 support level. A fall below this threshold could lead to a significant drop to $0.060, while reclaiming the SMA 200 could push the price up to $0.30. However, trading volume has decreased by 50%, indicating waning interest. Source: The Coin Republic (https://www.thecoinrepublic.com/de/2025/02/27/dogecoin-preisvorhersage-steht-eine-50ige-erholung-bevor/).
New Competitors Challenge Dogecoin's Relevance
As Dogecoin (DOGE) and Shiba Inu (SHIB) struggle with stagnant prices, the new DePIN cryptocurrency Coldware (COLD) has surged by 1100%. With a presale price of $0.0045 and features like decentralized computing power and Web3 integration, COLD is attracting significant investor attention. Unlike meme-coins, COLD offers practical utility, positioning itself as a serious competitor in the market. Source: FinanceFeeds (https://financefeeds.com/de/fehlendes-Meme-pumpt-Dogecoin-und-Shiba-Inu-Community-zur%C3%BCck--dieser-Depin-Kryptopreis-liegt-bei-0-und-steigt-auf-0045/).
Dogecoin Faces Institutional Interest Amid Decline
Dogecoin has lost over 15% of its value in recent days, trading at approximately $0.185. Analysts warn that a breach below the $0.18 support level could trigger a correction to $0.060. On the other hand, a Spot-Dogecoin-ETF proposed by Bitwise could attract institutional capital and stabilize the price. However, network activity has significantly declined, reflecting reduced interest. Source: Newsbit (https://newsbit.de/dogecoin-in-schwerer-see-einbruch-oder-institutionelle-rettung/).
Dogecoin Network Activity Plummets by 95%
Since November 2024, Dogecoin's network activity has dropped by 95%, from 2.66 million active addresses to just 130,000. According to BTC-ECHO, this decline signals waning interest in the cryptocurrency. Despite a 130% price increase over the past 24 months, Dogecoin remains the 8th most valuable cryptocurrency with a market capitalization of $30 billion. Source: BTC-ECHO (https://www.btc-echo.de/schlagzeilen/dogecoin-tot-netzwerkaktivitaet-stuerzt-um-95-prozent-ein-202626/).
Investors Shift to Remittix Amid Dogecoin Pressure
While Dogecoin struggles, the new cryptocurrency Remittix (RTX) has raised $13 million in its presale. With an entry price of $0.0671 and a potential return of 800%, RTX is drawing investors seeking alternatives. Remittix offers an innovative solution for converting cryptocurrencies into fiat currencies, positioning itself as a strong competitor. Source: FinanceFeeds (https://financefeeds.com/de/Der-Dogecoin-Preisr%C3%BCckgang-im-Jahr-2025-zieht-Anleger-in-Richtung-DeFi-Token.-Dieser-ist-in-diesem-Jahr-um-350-gestiegen./).
Whale Invests $2 Million in Dogecoin
An anonymous investor has purchased 11 million DOGE worth over $2 million following an 18% price drop to $0.19. This indicates that some investors still believe in a recovery for the meme-coin. However, open interest in Dogecoin futures has significantly declined, from $5.25 billion in January to $1.91 billion. Source: The Coin Republic (https://www.thecoinrepublic.com/de/2025/02/27/whale-kauft-fuer-2-millionen-dollar-dogecoin-ein-um-den-dip-zu-kaufen-nachdem-doge-um-18-abgestuerzt-ist/).
Sources:
