The desire for dedollarization exists but is complex to achieve. The Dollar 
Milkshake Theory outlines how sovereign debt crises impact markets. US assets 
are predicted to outperform due to superior market structure.
The post Brent Johnson: Dedollarization is complex and unlikely, the Dollar Milkshake Theory reveals market impacts, and a currency crisis is mathematically inevitable | Bankless appeared first on Crypto Briefing.

Brent Johnson: Dedollarization is complex and unlikely, the Dollar Milkshake Theory reveals market impacts, and a currency crisis is mathematically inevitable | Bankless

The cryptocurrency investment firm says Bitcoin mining is being unfairly 
lumped with AI data centers, arguing miners act as flexible grid demand, not 
constant energy drains.

Paradigm reframes Bitcoin mining as grid asset, not energy drain

Dogecoin price dropped for two consecutive days after hitting the 50-day 
Exponential Moving Average as demand dropped and key headwinds rose.

Dogecoin price eyes a steeper dive as headwinds rise

Crypto analyst XForce has assured that the Dogecoin price can still reach the 
psychological $1 level. However, he suggested it may not happen soon, as he 
alluded to technicals that indicate a single pathway for the meme coin to 
reach this level. Dogecoin Price Can Reach $1 In The Coming Years In an X 
post, XForce stated that the Dogecoin price still has the potential to record 
a 10x move in the coming years, potentially reaching $1 from its current 
level. He further noted that the idea is narrowed to a single primary bullish 
pathway, in which Wave 4 for DOGE is a potential triangle. Related Reading: 
Can Dogecoin Lead Meme Coins Back To Glory? The Index That Paints A Gloomy 
Story His accompanying chart showed that the Dogecoin price could rally to as 
high as $1.3 on Wave 5, a move which could play out by 2028 based on the 
technical setup. This notably coincides with a period that analysts such as 
Benjamin Cowen have predicted could be the peak of the next bull run. 
Meanwhile, the chart also showed that a drop below $0.05 could invalidate this 
setup for DOGE. For now, XForce noted that the Dogecoin price continues to 
hold above the major low and could be the latest remaining meme coin to go on 
a major run. DOGE is notably back above the psychological $0.10 level, 
following the recent crypto market rally, led by Bitcoin. However, activity in 
the derivatives market suggests that traders are still bearish on the meme 
coin. CoinGlass data shows that the long/short ratio is below 1, indicating 
that most traders are bearish. Derivatives trading volume has dropped by over 
13%, and open interest is down by over 12%. However, the options trading 
volume is up by over 32%, and options open interest is up by 72%. A Rally To 
$5 Could Be On The Cards Crypto analyst Bitcoinsensus has suggested that a 
Dogecoin price rally to $5 could be on the cards. In an X post, the analyst 
stated that DOGE may have room to push to the $5 price level if this cycle 
plays out like previous ones. Bitcoinsensus noted that in the first cycle, 
DOGE recorded a 95x surge while it saw a 310x rally in the second cycle. This 
third cycle is now playing out, which could lead to another parabolic surge. 
Related Reading: Dogecoin Price Momentum Oscillator Drops To Levels That 
Triggered Previous 21,000% Rally Bitcoinsensus noted that in past cycles, the 
Dogecoin price has thrived during risk-on environments, typically after long 
stretches of price consolidation before the breakout. The analyst’s 
accompanying chart showed that the meme coin could record this parabolic rally 
between now and 2027. At the time of writing, the Dogecoin price is trading at 
around $0.10, down over 12% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com

Dogecoin Price Can Still Reach $1, But It May Not Be Soon, Analyst Explains Why

The relief rallies in Bitcoin and several major altcoins are stalling near 
their respective overhead resistance levels, signaling that the bears remain 
in control.

Cryptocurrency price in USD