Dogecoin News Today: Dogecoin Bounces Back to $0.19 Amidst Growing Competition: Will Meme Power Prevail Over Practical Use?

Bitget App

Trade smarter

Bitget-RWA2025/11/02 22:04

By:Bitget-RWA

- Dogecoin (DOGE) fell 7.5% to $0.18, triggering a technical breakdown with fragile market structure and critical $0.19 support level for stability. - Long-term potential hints at $1 target via weekly chart patterns, but institutional accumulation and 2021-like momentum remain pending. - Competitors like Mutuum Finance ($0.035) and BlockDAG ($435M presale) gain traction with utility-driven models, challenging DOGE's meme coin dominance. - Unichain's Layer 2 integration of DOGE/XRP/ZEC signals growing insti

Dogecoin (DOGE) finds itself at a pivotal point after falling 7.5% to $0.18, sparking a technical breakdown that casts doubt on its short-term resilience, as highlighted in a

Coindesk report

. Data from derivatives markets shows futures open interest has dropped 61% since its October peak, indicating leveraged traders are leaving but not yet signaling renewed accumulation. The market remains unstable, with any attempts to rally toward $0.181–$0.182 quickly met by selling. Experts emphasize that DOGE must reclaim $0.19 to restore technical strength and revive bullish sentiment.

Dogecoin News Today: Dogecoin Bounces Back to $0.19 Amidst Growing Competition: Will Meme Power Prevail Over Practical Use? image 0

Although DOGE faces volatility in the near term, its long-range outlook depends on established chart patterns. The weekly chart displays a cup-and-handle formation, which, if confirmed, points to a possible $1 target. This setup, echoing its explosive 2021 run, could result in a 270% increase from current prices. Still, patience is required: accumulation is quietly taking place, and the next major rally may begin as institutional investors step in.

The meme coin’s renewed momentum is part of a broader trend. Rivals such as Mutuum Finance (MUTM), a DeFi platform trading at $0.035, are gaining traction with a dual-lending system, according to

Cryptopolitan

. While DOGE’s cultural influence is unmatched, MUTM’s focus on capital efficiency and yield generation makes it a strong contender. Investors are spreading their risk, noting that although DOGE’s $1 goal is ambitious, MUTM could deliver significant returns for early participants.

Elsewhere, BlockDAG——一个新兴项目，已经吸引了机构关注，其架构基于DAG和工作量证明安全性，吸引了零售和机构投资者，反映了市场对具备实际应用价值项目的转向。

The ecosystem is also evolving with Unichain—a new

Ethereum

Layer 2 solution—announcing support for

DOGE

XRP

, and ZEC, as detailed by

Bitcoin World

. This move could boost DOGE’s utility by enabling quicker and more affordable transactions within DeFi. For holders, this development signals increasing institutional acceptance, though successful implementation and security will be vital for maintaining confidence.

Across the broader crypto landscape, caution prevails. Comments from the Fed Chair and concerns about token unlocks have weighed on altcoins such as

SUI

, which dropped to $2.27, according to

a Coindesk report

, while

BNB

slipped below important support, as noted in

another Coindesk piece

. Nevertheless, DOGE continues to benefit from seasonal optimism, especially during Q4 meme coin rallies. Until DOGE can firmly reclaim $0.19, however, investors are likely to remain cautious, focusing on risk management rather than aggressive strategies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- UK strengthens tech leadership through space defense, education tools, and creative campaigns, showcasing multifaceted innovation. - Raytheon UK secures contract to enhance orbital analysis via NORSSTrack software, supporting national space domain awareness and debris monitoring. - University of Kentucky launches Canva Enterprise to standardize branding, enabling staff to create professional materials with shared templates. - Apple UK invites iPad users to design Christmas projections, continuing public

Bitget-RWA•2025/11/06 07:52

From Space Exploration to Innovative Marketing: The UK Strengthens Its Position as a Tech Leader

Bitcoin News Update: Airdrop Frenzy and High Leverage Trigger SAPIEN's Plunge, Revealing the Vulnerable Heart of the Crypto Market

- SAPIEN and GIGGLE faced second-largest crypto liquidations after BTC/ETH, driven by volatile price swings linked to Binance's airdrop and listing speculation. - SAPIEN surged 127% on "Binance HODLer Airdrop" hype but collapsed as leveraged traders faced margin calls amid rapid one-hour $0.32 price spikes. - Analysts highlight market fragility: speculative airdrops and listing rumors trigger explosive gains but expose liquidity risks in leveraged trading environments. - GIGGLE's unclear price drivers sugg

Bitget-RWA•2025/11/06 07:52

Bitcoin News Update: Airdrop Frenzy and High Leverage Trigger SAPIEN's Plunge, Revealing the Vulnerable Heart of the Crypto Market

UK and U.S. Coordinate Stablecoin Regulations to Avoid Market Fragmentation and Foster Innovation

- The Bank of England aligns stablecoin rules with U.S. standards to prevent market fragmentation and boost innovation. - Deputy Governor Sarah Breeden announced a Nov. 10 consultation paper, softening earlier strict proposals and emphasizing transatlantic collaboration. - A joint U.S.-UK task force aims to harmonize regulations, accelerating cross-border stablecoin adoption while balancing innovation and stability. - The framework will focus on transparency and consumer protections, though critics warn ra

Bitget-RWA•2025/11/06 07:32

UK and U.S. Coordinate Stablecoin Regulations to Avoid Market Fragmentation and Foster Innovation

XRP News Today: XRP's Drive Toward Institutional Adoption Challenges the Trade-off Between Practical Use and Centralized Control

- XRP ownership debates highlight community splits over 1,000-token value claims versus inflation-adjusted critiques and supply concentration risks. - XRP's $2.50 price faces bearish technical indicators, with derivatives data showing declining retail interest and potential support at $2.18. - Ripple's institutional tools (Prime, RLUSD) boost on-chain adoption but raise questions about XRP's role as a funding mechanism versus functional utility. - Analysts predict $4–$10 price potential if macro/regulatory

Bitget-RWA•2025/11/06 07:32