Over 13K institutions exposed to Strategy as Saylor hints at BTC buy
Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase by Strategy and said that more than 13,000 institutions now have direct exposure to the company.The company’s most recent acquisition of 3,459 BTC, valued at over $285 million at the time of purchase, on April 14, brought Strategy’s total holdings to 531,644 BTC, valued at over $44.9 billion.Saylor followed up on the BTC chart, which he typically posts on Sundays to signal an imminent BTC acquisition, with a breakdown of investor exposure to the company. The executive wrote in an April 20 X post:”Based on public data as of Q1 2025, over 13,000 institutions and 814,000 retail accounts hold MSTR directly. An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.”Strategy’s growing popularity among retail and institutional investors is significant due to the company siphoning capital from traditional financial markets and into Bitcoin. Increased capital flows translate into the company accumulating and holding more BTC, slowly increasing the price of the supply-capped digital asset.Strategy’s chart of Bitcoin acquisitions. Source: SaylorTrackerRelated: Has Michael Saylor’s Strategy built a house of cards?Michael Saylor’s stock market-to-BTC pipelineStrategy issues corporate debt and equity to finance its Bitcoin acquisitions, giving holders indirect exposure to BTC and feeding capital from traditional financial markets into the Bitcoin market.In December 2024, Strategy was added to the Nasdaq 100, a weighted stock market index that tracks the 100 largest companies by market capitalization on the Nasdaq exchange.The inclusion of Strategy in the Nasdaq 100 will draw in even more capital to BTC from passive investors holding the tech-focused index in their portfolios.Strategy’s stock is currently trading at around $317. Source: TradingViewIn February 2025, Bitcoin analyst Julian Fahrer reported that 12 US states had exposure to Strategy, including California, Florida, Wisconsin, North Carolina, Arizona, Colorado, Illinois, Louisiana, Maryland, New Jersey, Texas, and Utah.Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas recently said that inflows from Bitcoin ETFs and institutional inflows from companies like Strategy have shored up the Bitcoin market against dumping by short-term speculators.The analyst added that Bitcoin ETFs recorded approximately $2.4 billion in capital flows year-to-date, helping to cushion the price of the digital asset.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Magazine: ‘Bitcoin layer 2s’ aren’t really L2s at all: Here’s why that matters
Bitcoin prepares for launch from $85K, BNB, HYPE, TAO and RNDR could follow
Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%. There have been 38 such instances since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31% and the worst loss of -16%. Based on historical data, Peterson anticipates Bitcoin to trade between $75,000 and $138,000 within 90 days.Crypto market data daily view. Source: Coin360Not everyone shares a bullish view. Bloomberg’s Senior Commodity Strategist Mike McGlone said in a post on X that Bitcoin and the S&P 500 Index may drop toward their respective 200-week simple moving average, which historically acts as a floor during major corrections. Bitcoin’s 200-week SMA is close to $46,000.What are the critical support and resistance levels in Bitcoin? What cryptocurrencies may rally if Bitcoin breaks above its overhead resistance?Bitcoin price analysisBitcoin has stayed above the 20-day exponential moving average ($83,704) for the past several days, but the bulls have failed to challenge the 200-day simple moving average ($88,098).BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe failure to start a rally could put pressure on the BTC/USDT pair in the near term. If the price turns down and breaks below the 20-day EMA, it suggests that the bulls have given up. That opens the gates for a drop to $78,500 and subsequently to the vital support at $73,777.If buyers want to prevent the downside, they will have to swiftly push the price above the 200-day SMA. That indicates the corrective phase may be over. The pair may surge to $95,000 and eventually to the psychological level of $100,000.BTC/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has been trading inside a tight range between $83,000 and $86,000. Failing to break above the overhead resistance may have tempted the short-term bulls to book profits, pulling the price below the moving averages. Trading inside the range is likely to remain random and volatile.A break and close below the range could start a downward move to $80,000 and then to $78,500. On the other hand, a break and close above $86,000 could propel the pair to $89,000.BNB price analysisBNB (BNB) is facing resistance at the downtrend line, but a positive sign is that the bulls have not ceded ground to the bears.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe moving averages have flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. If buyers drive the price above the downtrend line, the BNB/USDT pair could rally to $644.Contrary to this assumption, if the price turns down sharply from the downtrend line, it signals that the bears are active at higher levels. A break below $576 could keep the pair inside the triangle for some more time.BNB/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has reached the downtrend line, where the bears are expected to pose a strong challenge. The crucial support on the downside is the 50-SMA and then $576. If the price rebounds off the support, it indicates buying on dips. That increases the likelihood of a break above the downtrend line. The pair may then climb to $620.On the contrary, a break and close below $576 signals that the buyers have given up. That could pull the price down to $566, extending the stay inside the triangle for a while longer.Hyperliquid price analysisHyperliquid (HYPE) rose and closed above the $17.35 overhead resistance on April 19, but the bulls are facing selling at higher levels.HYPE/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns up from $17.35, it suggests that every minor dip is being bought. That clears the path for a rally to $21 and thereafter to $25.Alternatively, a break and close below $17.35 signals that the bears are trying to trap the aggressive bulls. The next support on the downside is the 20-day EMA ($15.32). If the price rebounds off the 20-day EMA, the bulls will again try to overcome the obstacle at $17.35.The optimistic view will be negated in the near term if the HYPE/USDT pair turns down and breaks below the moving averages.HYPE/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has dropped to the breakout level of $17.35. If the price rebounds off $17.35 and rises above $18.54, it signals that the bulls have flipped the level into support. That enhances the prospects of a rally to $21.Conversely, if the price skids below $17.35, it suggests that the bears are trying to regain control. The 50-SMA is the critical support to watch for on the downside because a break below it indicates that the bulls are losing their grip. The pair may then descend to $14.65.Related: Bitcoin gets $90K short-term target amid warning support ‘isn’t safe’Bittensor price analysisBittensor (TAO) broke above the moving averages and has reached the downtrend line, where the bears are expected to mount a strong defense.TAO/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the downtrend line, the TAO/USDT pair is likely to find support at the 20-day EMA ($249). A solid bounce off the 20-day EMA improves the prospects of a rally above the downtrend line. The pair could then surge to $360.Contrarily, if the price turns down and breaks below the 20-day EMA, it suggests that the bears remain in control. The pair may then slump to the $222 support, where the buyers are expected to step in.TAO/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe RSI has risen into the overbought zone, suggesting a short-term pullback is possible. If the price rebounds off the 20-EMA, it signals a positive sentiment. That increases the possibility of a break above the downtrend line. There is minor resistance at $313, but it is likely to be crossed.Contrarily, a break and close below the 20-EMA indicates that the short-term buyers are booking profits. That may pull the pair to the 50-SMA.Render price analysisRender (RNDR) has broken out of the overhead resistance at $4.22, signaling that the bulls are attempting a comeback.RNDR/USDT daily chart. Source: Cointelegraph/TradingViewA close above the $4.22 level will complete a bullish double-bottom pattern. There is resistance at $4.83, but it is likely to be crossed. The RNDR/USDT pair could then travel toward the pattern target of $5.94.The 20-day EMA ($3.72) is the crucial support to watch out for on the downside. A break and close below the moving averages indicates that the markets have rejected the breakout above $4.22. That could open the doors for a drop to the support at $2.50.RNDR/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has cleared the overhead hurdle at $4.22, indicating an advantage to buyers. However, the bears are unlikely to give up easily and will try to pull the price back below the breakout level. If the price rebounds off $4.22 with strength and rises above $4.48, it signals that the bulls have flipped the level into support. The pair may then start an up move toward $5.Instead, if the price turns down and breaks below the moving averages, it suggests that the breakout may have been a bull trap. The pair may then drop toward the critical support at $3.60.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitget detects irregularity in VOXEL-USDT futures, rolls back accounts
Cryptocurrency exchange Bitget discovered “abnormal trading activity” on the VOXEL/USDT perpetual futures contract on April 20, between 8:00 to 8:30 UST, and paused accounts that the exchange suspected of market manipulation.According to an April 20 announcement from the exchange, Bitget will roll back the accounts suspected of market manipulation within 24 hours, clawing back gains made from the trades.Bitget CEO Gracy Chen told Cointelegraph the trades were between individual market participants and not the platform itself. Chen also said that the losses are not platform-wide and that user funds remain safe.VOXEL-USDT perpetual futures contract spikes by over 138% in a single day. Source: TradingViewThe crypto exchange also plans to compensate users who suffered losses due to the alleged market manipulation and will announce a compensation plan soon, Chen confirmed to Cointelegraph. The Bitget CEO added:”For any residual losses, Bitget is fully prepared to offer compensation. Our $300 million protection fund provides more than sufficient backing to support our users in such events, assuring that user assets remain secure.”The incident has called into question the obligations of exchanges under pressure from trading abnormalities and electronic trading bugs, with some traders comparing the Bitget incident to the Hyperliquid-Jelly exploit in March 2025.Related: Hyperliquid JELLY ‘exploiter’ could be down $1M, says ArkhamHyperliquid debacle all over again?On March 26, a trader “exploited” the price of the Jelly-my-Jelly (JELLY) memecoin on the Hyperliquid exchange by hedging a long position against an equivalent short position.The price of JELLY pumped by over 400%, triggering a liquidation of the short positions. However, because the position was too large, it was sent through the Hyperliquidity Provider Vault (HLP).JELLY memecoin surges by over 400% during Hyperliquid incident. Source: TradingViewIn response to the trading activity, Hyperliquid delisted JELLY perpetual contracts, drawing widespread condemnation from the crypto community.Bitget CEO Gracy Chen was among the most vocal critics of Hyperliquid, slamming the exchange for delisting Jelly and causing financial losses for users.”The decision to close the JELLY market and force settlement of positions at a favorable price sets a dangerous precedent. Trust — not capital — is the foundation of any exchange,” Chen wrote in a March 26 X post.Magazine: DeFi will rise again after memecoins die down: Sasha Ivanov, X Hall of Flame
Vitalik Buterin proposes swapping EVM language for RISC-V
Ethereum co-founder Vitalik Buterin has proposed replacing the current Ethereum Virtual Machine (EVM) contract language with the RISC-V instruction set architecture to improve the speed and efficiency of the Ethereum network’s execution layer.Buterin’s April 20 proposal outlined several long-term bottlenecks for scaling the Ethereum network including, stable data availability sampling, ensuring block production remains competitive, and zero-knowledge EVM proving.The Ethereum co-founder argued that implementing the RISC-V architecture in smart contracts would keep block production markets competitive and improve the efficiency of zero knowledge functions for the execution layer. Buterin wrote:”The beam chain effort holds great promise for greatly simplifying the consensus layer of Ethereum, but for the execution layer to see similar gains, this kind of radical change may be the only viable path.”The proposal highlights the Ethereum network’s struggle to improve throughput and remain competitive with next-generation monolithic blockchains such as Solana and the Sui networks at a time when investors are losing confidence in the original smart contract blockchain.Buterin provides numbers suggesting that implementing the proposal could lead to efficiency gains of 100x. Source: Vitalik ButerinRelated: Vitalik Buterin unveils roadmap for Ethereum privacyEthereum’s scaling woes and a collapse of Ether’s priceEthereum’s blob fees, transaction fees taken from Ethereum layer-2 scaling networks, dropped to a weekly low of 3.18 Ether (ETH) during the week of March 30, according to data from Etherscan.Using current Ether prices, the 3.18 ETH collected for blob fees during the period equaled approximately $5,000.In April 2025, Ethereum network fees dropped to their lowest levels since 2020, averaging around $0.16 per transaction.According to Santiment marketing director Brian Quinlivan, the dramatic reduction in fees is due to fewer users sending transactions on the Ethereum base layer, opting instead to use smart contracts or one of Ethereum’s many layer-2 scaling solutions.Ethereum network weekly transaction fees declined significantly in Q1 2025. Source: Token TerminalEthereum’s layer-2 networks have been described as a double-edged sword that dramatically lowered transaction costs on the base layer but also cannibalized the Ethereum base layer’s revenue.Concerns surrounding revenue generation on the base layer and the corrosive effects of layer-2 scaling solutions on Ethereum’s market share have driven the price of Ether to historic lows and could plunge Ether prices further to around $1,100 if investor confidence continues to wane.Magazine: Proposed change could save Ethereum from L2 ‘roadmap to hell’
Farmers are switching to stablecoins
Opinion by: Henry Duckworth, founder and CEO of AgriDexWe all need and buy it. Food is a common, universal ground across the planet. It should come as no surprise then that the agricultural industry is enormous. In 2023, the European Union alone imported 154 million tonnes of agricultural products and exported 134 million tonnes more. The market is growing too, projected to expand by 3.45% annually from this year to reach $5.52 trillion by 2029. Yet, farmers and agricultural traders are confronted with a serious problem. They need to export food abroad and interact with foreign currencies. The financial system — particularly in Africa — is, however, underdeveloped. Inefficiencies in their trade result in high transaction costs, delayed cross-border payments, and high interest rates for loans. Large corporations can better navigate financial hurdles, but this isn’t always the case for small farmers, who suffer the most from outdated banking systems.Blockchain technology and stablecoins promise to smooth unstable waters for agricultural traders. Eliminating intermediaries and providing financial inclusion, the technology gives farmers direct access to global markets. With Africa’s food and agriculture market predicted to be valued at $1 trillion by 2030, stablecoins stand to be much more than simply another financial trend for the industry.Cross-border payments are hiding significant costsCross-border payments are the beating heart of agricultural trade, central to accessing resources, such as equipment and seeds, or engaging in trade between countries. International transactions are vital to African agriculture, as exports within Africa represent only 17% of total African exports. Local banking systems are, however, underdeveloped and impede these payments to a shocking degree. A huge sticking point is that traditional banking systems are expensive — they charge farmers between 3% and 6% in fees. This is no small matter when profit margins are already thin.In transactions, the demand for an intermediary currency, typically the US dollar, leads to even more exchange rate losses, often falling within the 3%-10% range. This affects small businesses in Africa, which can pay nearly 200% more than larger companies to clear their transactions through formal channels.As if the expense wasn’t bad enough, the process is also painfully slow. Farmers can expect to wait up to 120 days for payment settlements. These delays are devastating for businesses relying on quick access to funds. They are forced to take out high-interest loans with no immediate liquidity, further eroding their earnings.Stablecoins can fix agricultural tradeFrustratingly outdated financial systems hamper the global agricultural industry, but a glimmer of hope is arriving in the form of stablecoins. Poised to reshape the agricultural trade, crypto offers farmers three key pillars of transformation.Stablecoins mean farmers and traders can bypass banking inefficiencies. With intermediaries taken out of the picture, they can transact instantly and with lower costs. Farmers save between 3%-6% per payment, and funds are received in minutes rather than in painful waits of weeks or months. The result? These players have the working capital needed to stay in business.Traders can forget about unstable local currencies. By pricing their goods in a stable digital asset, they can gain access to global markets. Fluctuating exchange rates will become a problem of the past. Businesses operating in countries with volatile currencies will feel that relief most acutely, as sudden devaluations in a currency have the power to wipe out profits overnight.Recent: Web2 is failing vertical farms — they need DePIN to surviveThe agricultural trade is crippled by immense, systemic fraud and supply chain inefficiencies, with global food fraud costing $40 billion annually and global trade in fake goods another staggering $500 billion. Stablecoins could be transformative in reducing the original movement of counterfeit goods across supply chains, making the industry far more efficient.Results are already being seen in African agribusiness. Zimbabwe-based conglomerate Parrogate, for example, is committing to blockchain to streamline payments to its suppliers while improving cross-border trade efficiency. The company, which prides itself on growth and development across the continent, is just one of numerous African businesses getting behind stablecoins and reaping the benefits.Agriculture still faces global challengesStablecoins should be music to the ears of those working in agriculture. The road there could, however, be rocky. Significant regulatory uncertainty, especially in Africa, is one hurdle. Many nations have strict capital outflow controls, so farmers and traders must comply with local regulations or face legal issues.Another limitation is technological barriers and an education gap across the industry, which prevent some farmers from fully grasping and using the technology. European farmers, who need stablecoins less because infrastructure is pretty well established, will also not have full access to these stable mechanisms for facilitating trade.There are barriers, but the demand for stablecoins in African agriculture is undeniable. There is a strong willingness within the agricultural community to get on board with compliant stablecoins that support cross-border liquidity.The mass adoption of stablecoins won’t happen overnight, but that’s not to say that this industry isn’t progressing toward the digital. The offer of stablecoins is tantalizing — instant transactions, lower fees and enhanced financial access. It’s only a matter of time before more farmers make the switch.Agricultural traders struggling under the weight of an outdated and intrusive banking system are ready for greater financial inclusion. And we should be, too. This industry connects us all and will be lifted by stablecoins. The tech will be transformative for the field — not just as an innovation, but as an essential evolution.Opinion by: Henry Duckworth, founder and CEO of AgriDex.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Bitcoin gets $90K short-term target amid warning support 'isn't safe'
Bitcoin (BTC) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalysis sees Bitcoin crossing $83,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping 1.5% to $83,974 on the day before rebounding.Still broadly less volatile over the weekend, Bitcoin sought to stem the week’s downside as doubts appeared over the strength of nearby support.Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.“Bitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” he summarized on X. “THEN we wait for the reaction and bullish structure to build back inside the range low.”Bitcoin order book liquidity chart. Source: Mark Cullen/XCullen and others nonetheless saw a short-term BTC price range between $83,000 and $86,000 staying in place over the Easter holiday weekend.📈#Bitcoin Range Bound‼️The long easter weekend is likely yo see $BTC play out a range between83k and 86k. With it al ready sweeping the highs of the range late last week, IMO we are going to see liquidity sought from the lows before continuation higher.#Crypto #BTC https://t.co/iNllx4LexJ pic.twitter.com/6zx5gXZx79— AlphaBTC (@mark_cullen) April 20, 2025“Pretty slow market during this long weekend as expected. I think next week will get interesting as the charts are quite compressed. Any decent good/bad headline could spark a pretty large move I think. Even if its just from positions getting squeezed,” popular trader Daan Crypto Trades continued. “Generally those moves are not one you want to be fading when it occurs. $83K-$86K is the range to watch in the short term.”BTC/USDT 15-minute chart with CME futures data. Source: Daan Crypto Trades/XAn accompanying chart showed BTC price action relative to the latest closing point of CME Group’s Bitcoin futures, potentially inviting the creation of a “gap” that could provide a short-term price magnet.Fellow trader Roman meanwhile eyed what could become a return to multimonth lows as part of a bullish inverse head and shoulders reversal pattern.“If volume is decreasing on the way to 76k, I’ll take longs,” he told X followers.Confidence increases over BTC price breakoutUpdating readers on the daily chart, popular trader and analyst Rekt Capital had good news.Related: Bitcoin can reach $138K in 3 months as macro odds see BTC price upsideBitcoin, he confirmed, had definitively broken out of a multimonth downtrend without violating it during retests as support.“Bitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation,” he wrote.“But Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.”BTC/USD 1-day chart. Source: Source: Rekt Capital/XAs Cointelegraph reported, the fate of the downtrend had been on the radar for weeks, with not everyone agreeing that price had left it behind for good.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin up 33% since 2024 halving as institutions disrupt cycle
Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.The 2024 Bitcoin halving reduced block rewards from 6.25 Bitcoin (BTC) to 3.125 BTC, slashing new BTC issuance in half.Despite rising concerns over a global trade war and escalating tariff tensions between the United States and China, BTC has climbed more than 33% since April 2024, Cointelegraph Markets Pro data shows.BTC/USD, 1-year chart. Source: Cointelegraph Markets Pro“So, even though Bitcoin’s showing resilience, I think the mix of past experiences, economic uncertainty, and this selling pressure is keeping investors on the sidelines, waiting for a stronger green light before they jump in,” said Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken.Cardozo added that institutional investment from firms such as Strategy and Tether could speed up Bitcoin’s traditional four-year halving cycle. He added:“For the 2024 halving in May, that puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the market’s more mature now with more liquidity.”However, Bitcoin’s trajectory remains tied to broader monetary policy, the analyst added. He said a US Federal Reserve rate cut in May or June may “pump more money into the system and push Bitcoin up faster.”The halving is a built-in feature of the Bitcoin network that assures Bitcoin’s scarcity, which is considered one of BTC’s defining monetary characteristics.Related: Crypto, stocks enter ‘new phase of trade war’ as US-China tensions riseETFs and institutions fuel faster cycleInstitutional adoption and Bitcoin exchange-traded funds (ETFs) may be contributing to a shorter market cycle, according to Vugar Usi Zade, chief operating officer at Bitget exchange.Continued institutional buying, including by Bitcoin ETFs, paired with Bitcoin’s rising scarcity, may accelerate Bitcoin’s rise to new highs, he told Cointelegraph.“With growing scarcity triggered by the halving, Bitcoin will likely retest its all-time high if it breaches the $90,000 mark in the coming weeks,” Usi Zade said. “While the halving offers a good basis for growth based on demand and scarcity, the timeline for impact on price can vary over time.”He noted that Bitcoin’s growth remains closely tied to traditional financial markets and investor sentiment.Related: Bitcoin speculative appetite declines as investors seek safetyBitcoin reached a new all-time high above $109,000 on Jan. 20, 273 days after the 2024 Bitcoin halving, signaling an accelerated market cycle.Source: JelleIn comparison, it took Bitcoin 546 days to reach an all-time high after the 2021 halving, and 518 days after the 2017 halving, according to data shared by popular crypto trader Jelle, in an April 8 X post.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8
Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near
Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.Dogeday marks the unofficial holiday of the Dogecoin (DOGE) community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.Source: BitgetDespite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.Related: Altseason 2025: ‘Most altcoins won’t make it,’ CryptoQuant CEO saysTop 10 cryptocurrencies by market capitalization. Source: CoinMarketCapDogecoin’s staying power “stems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,” according to Anndy Lian, author and intergovernmental blockchain expert.Dogecoin’s inflationary tokenomics may also contribute to its retail appeal, Lian told Cointelegraph, adding:“Unlike Bitcoin or Ethereum, Dogecoin’s inflationary supply — adding roughly 5 billion coins annually — keeps prices accessible, typically under $1, making it psychologically appealing for retail investors.”“The retail appeal is amplified by Dogecoin’s meme-driven branding, which resonates with younger, internet-savvy investors,” explained Lian.Related: Solana, XRP ETFs may attract billions in new investment — JPMorganMemecoins like Dogecoin lack underlying blockchain use cases and typically rally based on social media traction and retail hype alone.In November 2024, Dogecoin surpassed Porsche’s market capitalization, driven by continued social media endorsements by billionaire Elon Musk.Dogecoin community awaits DOGE ETFs deadline in MayThe Dogecoin community is closely watching the US Securities and Exchange Commission as it weighs several DOGE-related ETF applications.There are four Dogecoin ETF filings awaiting approval: the Bitwise Dogecoin ETF, the Grayscale Dogecoin ETF, the 21Shares Dogecoin ETF and the Osprey Fund Dogecoin ETF.Grayscale’s ETF application is due for a response on May 21 after the SEC delayed its decision on multiple crypto ETF filings.The SEC has delayed deciding to approve several altcoin ETFs. Source: SECBitwise’s filing could receive a response on May 18, which marks the end of the SEC’s 75-day initial review period after the 19b-4 filing. However, the 240-day review period could enable the regulator to delay the decision until October 2024 for both filings.The ETF applications from 21Shares and Osprey are still pending review for their initial 19b-4 filings, with no set deadline from the securities regulator.Magazine: Crypto ‘more taboo than OnlyFans,’ says Violetta Zironi, who sold song for 1 BTC