Dogecoin Surges 25% in January, ZKP Emerges as New Focus
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 6h ago- Dogecoin's Strong Rally: Dogecoin surged nearly 25% in January, breaking above the crucial resistance level of $0.15, indicating a resurgence of market risk appetite that attracted significant speculative capital and reinforced its popularity among retail investors.
- Technical Breakthrough Support: This rally was fueled by a technical breakout that triggered short liquidations, with stable macroeconomic conditions and interest rate expectations supporting speculative activities, allowing Dogecoin to outperform many utility-focused networks at the start of the year.
- On-Chain Signals Stabilize: On-chain data shows stabilized active addresses and increased whale stacking, with experimental Dogecoin DeFi activities pushing total value locked above $15 million, providing modest network support and indicating sustained market interest.
- Market Potential of ZKP: Zero Knowledge Proof (ZKP) is gaining attention for its potential in privacy protection, with analysts estimating its market size in the tens of billions, and its auction model mitigating execution risks common in early projects, potentially leading to 100x returns.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
