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Dogecoin ($DOGE) Price: Plunges 35% from 2024 Peak as Fed Policy Shifts Market Sentiment$DOGE TLDR DOGE dropped 12.4% in 24 hours following Fed Chair Powell’s hawkish comments, falling to $0.31 from a 2024 high of $0.47 Trading volume surged 67% to $10.25 billion as holders repositioned their investments Major outflows observed on Binance ($83 million) with trading volume spiking 74% to $1.85 billion Other meme coins followed the decline, with Shiba Inu down 23.3% and BONK falling 22.5% Despite the correction, DOGE maintains its position as the seventh-largest crypto with $46.6 billion market cap Dogecoin (DOGE) experienced a sharp decline in the past 24 hours, dropping 12.4% to $0.31 as markets processed the Federal Reserve’s latest economic outlook. The popular meme coin’s descent coincides with broader market turbulence following Fed Chair Jerome Powell’s comments about inflation projections. Trading volume for DOGE surged 67% to $10.25 billion as investors rushed to adjust their positions. The current price represents a 35% decrease from its 2024 high of $0.47, marking one of the largest corrections for the asset this year. Binance, the largest cryptocurrency exchange by volume, reported substantial outflows exceeding $83 million. The platform’s DOGE trading volume increased by 74% to $1.85 billion, according to data from CoinGlass. The numbers suggest a coordinated move by holders to reduce their exposure. The price action follows Powell’s remarks that recent inflation data had “fallen apart,” triggering concerns about the central bank’s monetary policy path. The Fed’s indication of maintaining higher interest rates for an extended period has particularly impacted speculative assets. Market data reveals concentrated selling pressure across major exchanges, with negative net flows dominating the trading activity. Only Bybit and Bitstamp showed positive inflows, indicating a broader market exodus rather than exchange-specific events. Exchange-wide patterns show persistent selling from late November through December. The DOGE/USDT trading pair on major platforms like Binance and OKX has declined approximately 23% over the past week.$DOGE

Memecoins Hype Fading Away! As DOGE, SHIB, And BONK Prices Experience A Plunge? The memecoins had successfully concluded the previous year on a strong bullish sentiment, highlighting a rise in the investor’s interest in them. However, this year has started on a bearish note as the memecoin category has displayed significant correction in their respective valuation. Further, the BONK price has recorded the highest loss among the top three tokens, with a correction of approximately 25% in valuation. Followed by the category leader, Dogecoin, which has recorded a loss of 12.25% Year-To-Date, and lastly, the SHIB token with a correction of 13.70% YTD. The leader of memecoins, Dogecoin price traded in a closed range between $0.08931 and $0.09366 for a while, following which the market lost momentum, resulting in a price breakdown. The DOGE price recorded a correction of approximately 11% in valuation, .

Jupiter Airdrop Shows Solana Ecosystem’s Strength, But Whales are Picking Scorpion Casino Presale News about Solana and its ecosystem dominated January in the crypto world. From the rise of Solana meme coins like BONK and MYRO to the WEN airdrop, Solana is the buzz nowadays. Adding to the hype is the Jupiter DEX’s airdrop. Jupiter is the largest DEX in the Solana ecosystem, and the airdrop has gained considerable fame. SOL has also risen following the surge in popularity. But amidst the bustle, Scorpion Casino (SCORP), an online gambling crypto, has raked in more than $3.6 million in its presale. What’s more, $SCORP has pulled in several crypto whales even at this early stage.  Read on to learn more about SCORP’s winning secrets, the JUP airdrop and SOL’s movements.  The highly-anticipated Jupiter token airdrop, hosted by the Solana-based DEX aggregator, witnessed a swift surge from $0.42 to over .

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ChatGPT Analyzes Which Solana Meme Coin Has the Best Chance to Flip Dogecoin (DOGE) This Year TL;DR Solana-based meme coins, such as Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have taken center stage as of late, charting explosive gains and capturing the investors’ attention. We decided to ask ChatGPT whether their progress would continue throughout the year and if one of them could eventually flip the largest meme coin by market capitalization – Dogecoin (DOGE). The AI-powered chatbot claimed that such a scenario is highly speculative but possible if certain factors take place. It started its analysis with BONK, claiming the token could surpass DOGE if it underwent major technological advantages and increased the size of its community base.  ChatGPT noted that newer cryptocurrencies have a better chance for rapid growth, meaning Bonk Inu might have already missed its best moment. The .