In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak.

Dogecoin Is Still Bullish

Kevin’s latest post on X highlights Dogecoin’s performance against its 50 and 200-day simple moving averages (SMA). “Dogecoin is still seeing fast expansion on the 50 and 200 simple moving averages after its weekly golden cross occurred,” he noted. This golden cross, a bullish indicator where the 50-day SMA crosses above the 200-day SMA, suggests sustained upward momentum.

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Further examining the Fibonacci retracement levels, Kevin pointed out that Dogecoin is “above the macro golden pocket at .26 cents and is battling the macro .786.” The ‘golden pocket’—typically located between the 0.618 and 0.65 Fibonacci levels—is often considered a crucial support zone. Kevin argues that maintaining a price above this level is bullish.

“If you think this chart is bearish in its current spot then you need some help. Not gonna focus on individual altcoins very much because BTC will determine the next move in the market no matter what your altcoin chart looks like but needed to remind people who are bad mouthing how crazy they look when we’re at the same price we were at in November when the market was rallying hard. Nothing has changed and cycle tops don’t occur when everyone is bearish,” Kevin expounded.

Kevin further illustrated the erratic nature of crypto market sentiment, contrasting reactions from November and January. “When Dogecoin was hitting .35 cents in November, everyone was screaming to the hills that they were so bullish. DOGE at .35 cents in January, everyone is screaming that Doge sucks, I should have sold this thing a long time ago. Do you see how market psychology works? Pretty interesting,” he detailed.

Bitcoin Needs To Move First

Kevin also discussed Bitcoin’s influence on the broader crypto market, emphasizing its role as a leading indicator for altcoins like Dogecoin. He labeled yesterday’s market reaction to the crypto executive order by US President Donald Trump as a non-impactful in the long run.

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“BTC time and time again has failed to break the 1.703 FIB at 106.8K. Even though we broke out of this bullish falling channel on the daily time frame, we have failed to see any real money flow come into the asset if anything it has been decreasing over the last 48 hours. The Trump executive order was an obvious buy the rumor, sell the news event like all events are, so to me, that was always a nothing burger,” he elaborated.

Despite these challenges, Kevin remains optimistic about Bitcoin’s potential for recovery. “I still think we’re experiencing seasonality in BTC as January’s are always really bad months, especially in the post halving year. I believe the goal should be to demoralize and anger as many investors as possible before starting the next leg higher, which should come within the next 1-3 weeks. Stay tuned!” he predicts.

At press time, DOGE traded at $0.35.

Featured image created with DALL.E, chart from TradingView.com

Ethereum scaling plans and network applications should start supporting the network’s native ether (ETH) to further bump value for the asset, co-founder Vitalik Buterin wrote in a post on Friday.

“We should pursue a multi-pronged strategy, to cover all major possible sources of the value of ETH as a triple-point asset,” Buterin said as part of a longer post on layer-2 scaling, security and interoperability. “Agree broadly to cement ETH as the primary asset of the greater (L1 + L2) Ethereum economy, support applications using ETH as the primary collateral.”

Buterin called for implementing incentives for layer 2 networks to allocate a portion of their fees to ETH using mechanisms like burning fees, staking them permanently, or directing proceeds towards public goods in the Ethereum ecosystem.

His comments come amid rising criticism of the Ethereum Foundation, the grant-giving nonprofit that helps support Ethereum, as the asset loses market cap and mindshare to competitors.

The widely watched ether-bitcoin ratio is down to 2021 levels. Bitcoin touched a record high above $109,000 earlier Monday and has returned 160% to investors over the past year. Ether, in the meantime, has gained just 40% in the period and is hovering some 30% below its 2021 peak, as a CoinDesk analysis showed.

Another call-out was to increase Ethereum’s blob count while setting a minimum price for blobs, viewing them as “another possible revenue generator.”

“If you take the average blob fee of the last 30 days, and suppose it stays the same (due to induced demand) while blob count increases to 128, Ethereum would burn 713,000 ETH per year,” Buterin noted, adding that such a favorable demand curve was “not guaranteed” and hence not an isolated strategy to bump ETH’s value.

Blobs are like regular transactions with an extra piece of transaction data attached. However, unlike traditional transactions, blob-carrying transactions do not permanently occupy the mainnet space and are only available for 18 days.

Since November, the daily tally of blobs averaged a record 21,000, with just two Layer 2s – Coinbase’s BASE and World Chain – accounting for 55% of the daily activity. Sustained demand for Layer 2s could quickly deplete available capacity, as a CoinDesk analysis noted earlier in the week.

Crypto markets heat up with bold forecasts for XRP, Ethereum, and newcomer Catzilla, sparking investor interest.

Cryptocurrency enthusiasts are buzzing with excitement as the market shows signs of a promising bull run. Analysts are making bold predictions about potential price leaps for well-known digital assets like XRP, Ethereum, and the intriguing newcomer, Catzilla. These forecasts have sparked interest, as investors look to capitalize on the next big movements in the crypto world.

Catzilla unleashed: The meme coin movement people have been waiting for

When financial freedom feels like a distant dream, along comes Catzilla — the meme coin that doesn’t just promise gains but delivers them with the flair of a legendary feline warrior. Fueled by meme culture and designed for exponential growth, this isn’t just another meme coin. This is a call to arms for crypto warriors everywhere.

14 stages of glory: Where the brave reap rewards

Catzilla’s presale isn’t just a launch; it’s a journey through 14 stages of evolution where the CATZILLA token gains momentum and value. Early adopters can enjoy up to 700% returns as they level up their holdings with each stage. Every step forward is a leap toward financial triumph — an opportunity to transform ambition into real profits.

But tread carefully, crypto adventurers — the clock is ticking. Only those bold enough to act now will grab their share of Catzilla’s unstoppable rise.

Cats vs. dogs: The meow money takeover

For years, dog-themed coins have ruled the meme coin scene, but the cats are clawing their way to the top. With recent feline sensations like MEW and Popcat proving their worth, the stage is set for a cat-led revolution:

• MEW: Climbed into the top 15 meme coins with an impressive 103.7% growth in three months.
• Popcat: Pounced into action with a jaw-dropping 157.44% surge, cementing its dominance.

But these success stories are only the beginning. As Catzilla prepares to make its grand debut, it’s clear that the crypto meme kingdom is shifting — and it’s cats that are poised to reign supreme.

Rewrite the crypto playbook with Catzilla

Catzilla isn’t just here to disrupt; it’s here to obliterate the outdated rules of the game. With each presale stage, it smashes through the barriers holding back ambitious investors, creating a new paradigm where warriors of the crypto world rise to claim their rewards.

The time to act is now. The clock is ticking, and Catzilla’s presale won’t wait for the hesitant. Be among the fearless few who seize this opportunity to transform their portfolios.

This is more than a meme coin — this is a movement. Join the Catzilla movement, and watch as it wreaks havoc on the market and delivers chaos-fueled gains to those brave enough to believe.

XRP eyes new heights as crypto bull run looms

XRP is showing promising signs, with its current price range between $2.39 and $3.46. The coin has seen a month-on-month increase of over 35%, hinting at positive momentum. Supported by a 6-month surge of around 408%, XRP could be gearing up for another breakthrough. Its nearest resistance is just shy of $4. If it breaks this, it could aim for the second resistance near $5, signaling potential gains of over 40% from the current upper range. Watch the support levels at $1.83 to stay cautious, but the overall trend seems poised for upward movement. The crypto market awaits another bull run, and XRP might lead the charge.

Ethereum’s path to breakthrough: Will ETH prices surge?

Ethereum is currently trading between $2918 and $3516. Recent trends show a downward movement, with a 1-week decline of over 7%. The 10-day and 100-day moving averages are slightly above $3200. These suggest that Ethereum is struggling to gain momentum. The RSI at 39 indicates a market that’s not overbought, which leaves room for potential growth. 

If Ethereum can push past $3819, we could see a move toward $4417. This would mean a rise of about 25% if achieved. For now, support around $2624 provides some stability against further losses. The market mood hints at volatility, with signs of a potential rebound as part of an anticipated global crypto bull run.

Conclusion

While XRP and ETH may show less short-term potential, Catzilla emerges as the ultimate meme coin hero aiming to bring financial freedom to everyone. With a 700% ROI during its presale, triple utility features, and a mission to unite enthusiasts, acquiring CATZILLA tokens offers a chance to join the fight against crypto villains.

To learn more about Catzilla, visit the website, X, Telegram chat.

TORN, the native token of beleaguered crypto mixer Tornado Cash, enjoyed a brief renaissance over the last two days following news that a court had overturned sanctions imposed on the platform by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

Initially trading around the $9.50 level on January 22, the token skyrocketed 140% to break beyond $25 as speculators reacted to the news. At press time, the asset has lost some value and is down to $17.

Victory for Tornado Cash

Tornado Cash’s legal woes started in August 2022 when OFAC designated it as a sanctioned entity, claiming the Lazarus Group, a criminal organization linked to the North Korean regime, had used the platform to launder stolen cryptocurrencies worth more than $455 million.

Subsequently, one of its developers, Alex Pertsev, was arrested in The Netherlands, charged with money laundering, found guilty, and sentenced to five years in prison.

The mixer’s co-founder, Roman Storm, was also arrested in August 2023 and charged with conspiracy to commit money laundering and operating an unlicensed money-transmitting business. With his trial scheduled for April 14, 2025, he has publicly defended himself, claiming he is being prosecuted for writing open-source code.

However, following the judgment against Tornado Cash, six individuals led by crypto advocate Joseph van Loon sued the U.S. Treasury, OFAC, then-Secretary Janet Yellen, and OFAC Director Andrea Gacki, accusing them of overreach.

Loon and his fellow plaintiffs argued that there were no grounds for sanctioning the crypto mixer because it was software rather than a person or entity. Their view was supported by an appellate court in November 2024. It ruled that the immutable nature of the service’s smart contracts meant it could not be defined as “property,” a concept in the International Emergency Economic Powers Act (IEEPA) that OFAC had used to justify its sanctioning of Tornado Cash.

According to the court, the lines of codes making up the smart contracts could not be subjected to ownership or control since they operated autonomously without human intervention, thus falling outside the purview of the IEEPA.

The latest determination upholds the November judgment, which the government agencies had sought to be reheard. However, it does not impact the criminal case against Storm and fellow co-founder Roman Semenov, who remains at large.

Market Reacts

While the value of the TORN token skyrocketed in the aftermath of the court’s decision, it has since cooled down, going from a high of $25.28, per data from CoinGecko to $17.00.

However, its current price is still 122% higher than a week ago and an 88% improvement over 30 days. The coin has a market capitalization north of $68 million, and its recent performance puts it vastly ahead of the broader crypto market, which is up a mere 1.8%.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM,
BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

Inflows into spot Bitcoin ETFs in the U.S. remained sluggish on Jan. 23 as President Donald Trump’s efforts to form a working group on digital assets under an executive order failed to meet market expectations.

According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $188.65 million in net inflows on Thursday, marking their fourth consecutive day of declining inflows since the beginning of the week, when they recorded over $1 billion in inflows.

BlackRock’s IBIT attracted the lion’s share of inflows, totaling $154.6 million, leading Bitcoin ETFs in inflows for the fifth consecutive day while Bitwise’s BITB followed with inflows of $42.15 million.

More modest inflows that contributed to the positive momentum came from Invesco Galaxy’s BTCO, Grayscale’s mini Bitcoin Trust, Fidelity’s FBTC and ARK 21Shares’ ARKB which logged inflows of $12.38 million, $11.9 million, $9.16 million and $8.35 million respectively.

Grayscale’s GBTC, which stood out as the only outlier on the day, recorded $49.94 million in outflows, offsetting some of the inflows from the other ETFs. The remaining five BTC ETFs saw zero inflows.

The total daily trading volume for Bitcoin investment vehicles reached $9.59 billion on Jan. 23, marking the second-highest level ever recorded, just behind the $10.39 billion peak seen on March 5.

Notably, the dip in inflows to Bitcoin ETFs coincided with a shift in Bitcoin’s price momentum after President Donald Trump signed an executive order on Thursday that is aimed at establishing a working group focused on digital assets that fell short of expectations.

While the order set out to advise the White House on digital asset policy and evaluate the creation of a government-held digital asset stockpile—comprising cryptocurrencies seized during investigations—it stopped short of establishing a dedicated strategic Bitcoin reserve, a move many crypto advocates had been hoping for.

Initially, Bitcoin responded positively to the announcement, climbing as much as 2.7% to reach $106,732. However, after the full details of the executive order were released, sentiment shifted, and the largest cryptocurrency by market value dropped nearly 4%, hitting $102,517. Since then, Bitcoin (BTC) has shown signs of recovery, gaining 2.1% to trade at $104,991 per coin.