TL;DR

• DOGE is up

• SHIB is up

• Trump Meme Coin Spurs Solana DEX Token Surge

• Memecoins Retain Dominance Despite AI Token Growth

• Dogecoin ETF Expected in 2025

• Shiba Inu Unveils TREAT Token

• Legal Action Against Pump.fun

• Soneium L2 Launch Sparks Community Debate

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Dogecoin Price

Crypto is up this week, with DOGE being up 27.99% and SHIB up 14.99%:

Weekly Analysis

Dogecoin is undergoing a correction after whales accumulated 200 million DOGE in 48 hours, a move often linked to bullish momentum. Analyst Ali Martinez sees this as a signal of market optimism. DOGE faces key resistance at $0.36, with potential to break $0.40 and target $0.45 if momentum holds.

Trading volume rose 18%, surpassing $4 billion, while Dogecoin gained 17% this week, pushing its market cap to $55.64 billion. Binance’s addition of DOGE and Litecoin (LTC) as collateral in its Fixed Rate Loan program and ChainGPT (CGPT) in VIP Loan services bolstered market interest.

Broader market dynamics, including Bitcoin’s surge past $98K and Ripple’s $2.90 high, reflect growing crypto enthusiasm. Meanwhile, Federal Reserve rate policies and stock market volatility could influence sentiment.

Binance’s delisting of certain trading pairs and whale activity highlight a pivotal moment for DOGE. Monitoring support levels and broader market trends will be crucial for traders navigating this phase.

Shiba Inu (SHIB) has jumped 12% in the last 24 hours, trading at $0.00002426 with a market cap exceeding $14.5 billion. The broader cryptocurrency market is recovering amid favorable CPI data and optimism surrounding the Ripple vs. SEC case. SHIB’s trading volume surged 81%, and open interest rose 12.6%, signaling strong trader confidence.

Technical indicators suggest potential gains if SHIB breaks key resistance at $0.000029. Analyst Javon Marks forecasts a 261% surge to $0.000081, while DeFiStrategist predicts $0.00005 by Q2 2025 and $0.0001 by year-end, driven by token burns and ecosystem developments.

Macro factors like easing inflation and a risk-on market have boosted sentiment, but Federal Reserve policy and economic uncertainty remain risks. SHIB's trajectory depends on sustained demand and favorable market conditions.

Market Outlook

The market outlook for Dogecoin and Shiba Inu remains cautiously optimistic, with both assets recently benefiting from a broader market rebound. Dogecoin has shown resilience, reaching notable price levels, while Shiba Inu has surged, aided by increased trading volume and bullish technical indicators.

However, the path forward is uncertain as both assets are susceptible to short-term volatility and broader market conditions, including Federal Reserve rate decisions and inflation trends.

While Dogecoin and Shiba Inu may continue to experience fluctuations, a long-term recovery could hinge on sustained investor confidence and the completion of key technical targets. Monitoring resistance levels and market sentiment will be crucial in determining their next moves.

Financial News

Trump Meme Coin Spurs Solana DEX Token Surge

The launch of the Trump meme coin on Solana has fueled sharp price surges for Solana-based DEX tokens like Raydium, Jupiter, and Orca. Raydium hit $6.95, a 5,730% rise from its 2023 low, with its market cap nearing $2 billion. Jupiter and Orca also soared, backed by record-breaking daily volumes.

The TRUMP token, valued at $3.6 billion, saw significant investments, including $117.9 million from a single transaction. While the token’s hype boosts Solana’s ecosystem, sustainability remains uncertain, as meme coins often face corrections after initial FOMO-driven spikes. Solana’s meme coin market now exceeds $22 billion in value.

Memecoins Retain Dominance Despite AI Token Growth

While AI tokens are projected to hit a $60 billion market cap by 2025, memecoins continue to lead the crypto narrative. According to Bitget CEO Gracy Chen, memecoins have captured nearly a third of investor interest, overshadowing AI tokens, which hold the second spot.

A CoinGecko report highlights the speculative appeal of memecoins as they drive engagement and market activity. Even with AI tokens experiencing a 222% surge in late 2024, memecoins are set to undergo another growth cycle, reaffirming their dominance in the space.

Dogecoin Rally Could Hit $1 Before February

Dogecoin's price is showing signs of a potential breakout, with analysts suggesting a 140% rally could push the memecoin to $1 by the end of January. DOGE has been consolidating between $0.30 and $0.45, but a recent push past $0.40 signals a possible trend reversal.

Key drivers include whale activity, with $200 million in purchases over 48 hours, and strong support from influencers like Elon Musk and renewed market interest in "dino" coins like DOGE. Analysts estimate a 60% chance of DOGE hitting the psychological $1 mark soon.

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