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Dogecoin Appears Headed for a 'Golden Cross'

A DOGE price pattern that presaged the early 2021 surge looks set to recur.

Na-update May 10, 2024, 6:20 p.m. Nailathala May 10, 2024, 8:31 a.m. Isinalin ng AI
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  • DOGE's weekly price averages appear on track to confirm a bullish golden cross.
  • The previous golden cross, seen in early January 2021, presaged an 8,000% price surge.

Dogecoin , the world's largest meme cryptocurrency by market value, seems headed toward a repeat of the bullish "golden cross" technical pattern that presaged the early 2021 surge.

DOGE, which has a market cap of about $22 billion, has demonstrated remarkable performance this year, with a price surge of over 70% and significantly outpacing the near 50% increase in bitcoin , the largest cryptocurrency, according to CoinDesk data.

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The 50-week simple moving average (SMA) of the meme token's spot price is now trending north and looks set to cross above the 200-week SMA in the upcoming weeks, confirming a golden cross. In other words, near-term price momentum could soon outperform long-term momentum, potentially evolving into a prolonged bullish trend.

Momentum traders frequently use moving-average crossovers as a part of a structured approach to identifying entry and exit points in the market.

The 50-week SMA trends north and looks set to move above the 200-week SMA, confirming the golden cross in the coming weeks. (TradingView)
The 50-week SMA trends north and looks set to move above the 200-week SMA, confirming the golden cross in the coming weeks. (TradingView)

The DOGE price topped its 200-week SMA in March, breaking out of a prolonged sideways consolidation, and has since established a foothold above the critical average.

The impending golden cross would be the first in over three years. The previous one, seen in early January 2021, presaged a four-month rally that saw prices surge over 8,000% to a record 76 cents on Binance.

That said, past data does not promise future results. And that's particularly true in the case of moving average crossovers, which tend to lag prices and have been known to trap traders on the wrong side in traditional markets.

Besides, meme coins like DOGE lack real-world use cases and are mainly driven by speculation, which makes them more sensitive to fiat liquidity conditions and global interest-rate expectations.

During DOGE's early 2021 run, interest rates were near or below zero worldwide, which catalyzed unprecedented risk-taking across all corners of the financial market. That's not the case any more, with rates in the U.S., the world's largest economy, at multiyear highs above 5%.

Read: Is It Late 2020 All Over Again for Dogecoin?

CORRECTION (08:52 UTC): Corrects third paragraph to say that the 50-week SMA looks set to cross above the 200-week SMA, not 200-day SMA.

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Protocol Research: GoPlus Security

GP Basic Image

Ano ang dapat malaman:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Farcaster Switches to Wallet-First Strategy to Grow Its Social App

friends, social

The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.

Ano ang dapat malaman:

  • Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
  • Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
  • The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.