- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Polymarket Gives Low Odds for $0.24
By: cryptosheadlines|2025/05/16 03:00:09
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Polymarket’s prediction is only 13%Active Dogecoin addresses have increased by over 500% two days agoSEC acknowledged multiple Dogecoin ETF applications, including one from 21SharesPolymarket’s prediction of Dogecoin reaching above $0.24 is coming to an end tomorrow, with only 13% believing it will happen. Curiously, if we look at the chart on how the prediction went, from its start on May 10 and onwards, it was constantly dropping. At one point a few days ago, it stood at a sizable 65%. Currently, DOGE is priced at $0.2265, which is just slightly above the targeted price, but it’s probable that it won’t reach the allotted number by tomorrow.Dogecoin rose about 23% in the last 7 days, with a significant surge in network activity this week. For instance, two days ago, Glassnode data indicated that active Dogecoin addresses have increased by over 500%, rising from approximately 74,600 to 469,400.This spike in activity coincides with heightened interest from large investors, as evidenced by a 41.12% increase in large transaction volumes. Additionally, open interest in DOGE futures has climbed to $1.65 billion, suggesting that traders are positioning themselves for potential price movements.There are various reasons for the ongoing developments, with arguably the most noteworthy being the SEC’s acknowledgment of multiple Dogecoin ETF applications, including one from 21Shares. While approval is not guaranteed, the mere consideration of these ETFs is a notable step and enough to improve the investor confidence in DOGE’s legitimacy and future prospects.Dogecoin’s Recent DevelopmentsDOGE will always be seen as the cryptocurrency that started the meme coin craze, but despite its nature, it became a legitimate investment prospect for many over time. This is especially true when it comes to ETFs, as 21Shares isn’t the only one. Case in point: two months ago, Bitwise Asset Management filed for a Dogecoin ETF, with Coinbase Custody managing the DOGE holdings and the Bank of New York Mellon overseeing cash assets. Then, there were similar filings by Grayscale and Rex Shares.Also, technical indicators, such as the Relative Strength Index (RSI), suggest that DOGE is approaching overbought territory, which could lead to a price correction if buying pressure diminishes. Currently, Dogecoin’s RSI is approximately 63, with the overbought threshold being 70.With the technical indicators, the combination of increased network activity, institutional interest, and the possibility of ETF approval, there could be a bullish backdrop for Dogecoin. However, as always, caution is advised.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
You may also like
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why did the star Web3 project Across Protocol choose to abandon DAO?
The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.
In fact, ETH scaling is a major benefit for L2
ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
App