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Significant political changes could spark extraordinary growth in certain lesser-known cryptocurrencies. Some experts predict that upcoming events might serve as a catalyst for these digital assets to soar by unprecedented percentages. This article delves into which altcoins could be poised for immense gains and examines the factors that might drive this potential surge. DOGEN Rejoys Big Moment: Trump’s Victory Will Send It to the Moon Guess who is going to join Elon Musk’s moon mission soon? DOGEN, the boldest meme coin for alpha males, is gearing up for take-off as Trump’s victory in the recent US election has the entire market euphoric about the prospects of cryptocurrencies, especially meme coins. Donald and Elon are Best Buddies for Meme Coins: Donald Trump’s love for crypto is no secret — he’s promised to make the U.S. the global crypto leader in his campaign. And joining him is none other than Elon Musk, the ultimate Dogecoin (DOGE) fan who’s backed the crypto movement and even aligned with Republicans earlier this year. With these two icons fueling the fire, meme coins are set for a wild ride! DOGE Soars 130% in Just One Week! DOGEN will be the Next Star with 500% Surge Following the US election results, Dogecoin (DOGE) has been on a steady rise: from $0.15 to $0.39 in just one week. DOGEN follows the same upward trend, starting at $0.0003 and now trading at $0.0009, a staggering 200% leap. With a total of 13 presale stages, DOGEN is set to rise to $0.0019 by the token generation event (TGE), which represents a 500% increase from its initial price.

The tax implications of investing in Dogecoin can vary depending on your specific circumstances and the tax laws of your jurisdiction. However, here are some general considerations: Capital Gains Tax: * Profit on Sale: If you sell your Dogecoin for more than you paid for it, you may be subject to capital gains tax on the profit. * Holding Period: The tax rate on capital gains can vary depending on how long you held the Dogecoin before selling it. Long-term capital gains tax rates are generally lower than short-term capital gains tax rates. Income Tax: * Mining or Staking Rewards: If you earn Dogecoin through mining or staking, you may be required to pay income tax on those earnings. * Airdrops and Forks: Income tax may also apply to airdrops or forks of Dogecoin that you receive. Other Considerations: * Gift Tax: If you gift Dogecoin to someone, gift tax rules may apply, depending on the value of the gift and your jurisdiction's specific laws. * Local Tax Laws: It's crucial to consult with a tax professional to understand the specific tax implications in your country or region. Tax laws can vary significantly from one jurisdiction to another. Tips for Managing Tax Implications: * Track Your Transactions: Keep detailed records of all your Dogecoin transactions, including purchase prices, sale prices, and any fees paid. * Use Tax Software: Consider using cryptocurrency tax software to help you calculate your tax liability and generate the necessary tax forms. * Consult a Tax Professional: If you have complex tax situations or uncertainties, it's advisable to consult with a tax professional who specializes in cryptocurrency taxation. Remember: Tax laws and regulations are constantly evolving, so it's important to stay informed and seek professional advice to ensure compliance.$DOGE

A Quick Market Snapshot Ethereum has just created a new Higher High (HH)—a key indicator in technical analysis. But what does that mean? In simple terms, a higher high occurs when the latest price peak is higher than the previous one. This suggests a bullish trend, as the market consistently pushes to new highs. Right now, the price could pull back, finding support at demand zones that align with Fibonacci retracement levels, before continuing its upward trajectory. The Role of Fibonacci Retracement: If you’re unfamiliar, Fibonacci retracement is a tool used by traders to identify potential levels where a price might retrace (or pull back) before resuming its primary trend. These levels are derived from a mathematical sequence and are popular for pinpointing areas of interest. For Ethereum, a retracement could take place in the Fibonacci zones, offering potential buying opportunities before the next leg up. Eyes on the Supply Zone: Above the current price levels, between $3,670 and $3,700, lies an interesting supply zone—a region where selling pressure could increase. This area also coincides with a liquidity grab. Liquidity refers to clusters of stop-loss orders from traders who entered the market at earlier highs, often sitting slightly above those levels. When liquidity is “taken,” the market moves to trigger these stops before reversing. This means that if Ethereum climbs into the supply zone, it might react there. Whether it breaks through or reverses depends on market sentiment and volume. What Comes Next?: Let’s be honest: no one can predict the market with 100% accuracy. While the scenarios outlined are based on solid technical analysis, Ethereum could move unpredictably—because, well, that’s how markets work. Here are two possible paths: The Bullish Path: Ethereum retraces to Fibonacci levels, finds demand, and pushes toward the $3,670-$3,700 supply zone. A breakout here could signal further bullish momentum. The Bearish Path: Ethereum fails to hold demand zones, revisits lower support levels, or reacts strongly at the supply zone, leading to a pullback. A Final Thought: Trading is as much about managing risk as it is about reading the charts. This analysis is meant for informational purposes only—not financial advice. Always stay vigilant and trade within your means. The market is full of surprises, and Ethereum’s journey is far from over. Closing Tip: Ethereum’s current trend looks promising, but as always, patience and strategy are key. Whether you’re aiming for the next Fibonacci bounce or observing the supply zone for reactions, keep your plans flexible because the market doesn’t follow a script.

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At the beginning of the week, PNUT’s price was $1.94. However, the meme coin’s value has since decreased by 33%. This significant decline could be attributed to selling pressure from those who held the token until it reached an all-time high. PNUT’s price is currently $1.17. However, the one-hour chart shows that the Relative Strength Index (RSI) has dropped to 31.66. When the RSI climbs to 70.00, it means that the asset is overbought. On the other hand, if it is below 30.00, it means that it is oversold. Therefore, while the RSI reading indicates bearish momentum, it indicates that PNUT is oversold. $PNUT