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JUST IN: 🇺🇸 DOGE says the US government issued $333 million in loans to people older than 115 years old including a "157 year old individual."

#Dogecoin daily candle closed with a Breakdown to recent consolidation's low at a key support level, creating the lowest close price since Nov 2024. Next $Doge support levels: $0.175, $ $0.144

The meme coin market saw substantial growth in early 2024 after US President Donald Trump introduced the TRUMP token to the market on January 18. The announcement triggered mass attention, producing unprecedented trading volume numbers across different platforms. However, the market has lost substantial enthusiasm because of numerous botched projects and rug pulls, which caused investors’ trust to evaporate. Bobby Ong, founder of CoinGecko, indicated that the TRUMP and MELANIA token launches served as the maximum point for memecoin popularity, which drained liquidity from the overall cryptocurrency industry. The token launchpad Pump.fun achieved $3.3 billion as its maximum weekly trading volume throughout this period. The “Libragate” controversy between token insiders who obtained significant profits from Libra (LIBRA) resulted in complete market inactivity. The metrics at Pump.fun indicate that newly made and graduated tokens fell by 90% from the February high. When the LIBRA token was launched with ties to Javier Milei, the Argentine President, CNF reported that major structural problems became evident within the memecoin market. Insider trading resulted in more than $107 million in profits before the LIBRA token value experienced a loss of 94% during its initial hours. The incident undermined all investor faith while proving that predatory launches occur when certain individuals benefit at stakeholder expense. Source The memecoin market tended to experience seasonal patterns previously, but the LIBRA controversy dramatically slowed up its deterioration process. Memecoins reached their peak market capitalization of $124 billion on December 5, but it declined to $54 billion based on CoinMarketCap statistics . Traders on Pump.fun reduced their volume activity by 63% throughout January and February due to weakening investor interest across the market. The cryptocurrency market now directs its attention back to Bitcoin (BTC) and Ether (ETH) because interest in memecoins has rapidly diminished. The analytics company Santiment detected that decreasing memecoin speculation indicates healthier market dynamics, allowing investors to focus on Bitcoin along with Ether and other first-layer altcoins. Ong predicts that the memecoin industry will transition toward a highly disproportionate distribution scheme that will allow only a few tokens to maintain long-term success. Disruptions in the crypto market failed to stop three memecoin, Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK), from surviving multiple market cycles as leaders for future memecoin ventures. According to Ong’s perspective, success within the memecoin domain will persist only when strong communities are created. Memecoins with devoted user communities who consistently generate organic content present higher chances of remaining viable in the market. In the aftermath of recent failures, existing market doubts show that the memecoin market sector confronts future difficulties on its journey to success.

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$MINT Media plays a crucial role in shaping market sentiment, especially in the crypto and stock markets. Positive news coverage, social media discussions, and influential endorsements can create massive bullish trends by attracting new investors and increasing demand. Ways Media Hype Fuels Bullish Trends: Increased Retail Participation When media outlets promote a cryptocurrency or stock, retail investors rush in, driving prices higher. Platforms like Twitter, Reddit, and YouTube amplify hype, spreading FOMO (Fear of Missing Out). Celebrity and Influencer Endorsements Figures like Elon Musk, Mark Cuban, or major YouTubers can create instant bullish surges. A single tweet or post can spark price rallies (e.g., Dogecoin's rise after Musk's tweets). Breaking News and Major Announcements Reports on institutional adoption (e.g., Tesla buying Bitcoin) trigger bullish momentum. Positive developments like ETF approvals, partnerships, or regulatory clarity often drive prices up. Media-Induced FOMO (Fear of Missing Out) Sensational headlines create urgency, pushing investors to buy quickly. "Bitcoin to $100K?" or “Next 100x Altcoin?” headlines generate excitement. Influence of Financial News Channels Coverage by CNBC, Bloomberg, or major news outlets can legitimize a bullish trend. Traditional investors gain confidence when mainstream media supports an asset. Algorithmic Boost from Social Media Trends Platforms prioritize trending topics, further amplifying positive sentiment. AI-driven trading bots often react to social media activity, accelerating price movements. Psychological Reinforcement As more people believe an asset will rise, they buy in, creating a self-fulfilling bullish trend. Investors ignore risks, assuming "it will only go up." Historical Examples of Media-Driven Bullish Trends: Bitcoin 2021 Bull Run: Institutional investment hype and Elon Musk tweets fueled the rally. GameStop (GME) Short Squeeze: Reddit’s WallStreetBets drove prices to unprecedented highs. Dogecoin Boom (2021): Social media and celebrity tweets pushed DOGE up over 10,000%. Potential Risks of Media Hype: Market Manipulation: Whales and insiders may use media to pump prices before selling off. Overvaluation: Assets may become overpriced due to hype rather than fundamentals. Sudden Crashes: Once hype fades, prices often drop sharply, leading to losses for late buyers. $MINT