Latest news with #Coinbase-backed
Yahoo
11-06-2025
- Business
- Yahoo
Dogecoin Jumps 5% as V-Shaped Recovery Shows Rising Demand
Dogecoin {{DOGE}] jumped 4.8% over the past 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume. The rally, marked by a V-shaped recovery from key support levels, is indicative of DOGE's resilience as it attracts attention from both retail and institutional investors. News Background Dogecoin's latest rally comes amid renewed interest in meme coins and growing speculation around a potential DOGE ETF. According to Polymarket data, traders now estimate a 51% chance of SEC approval for a DOGE ETF in 2025, a development that could bring substantial institutional inflows. Meanwhile, Dogecoin's integration with the Coinbase-backed Base network has enhanced its utility in DeFi applications, making it easier for users to engage with the token across multiple platforms. As geopolitical tensions and evolving trade policies continue to roil traditional markets, Dogecoin's role as a speculative asset — and potential hedge — remains in focus. Institutional whale activity, along with sustained interest from high-volume traders, suggests the token could remain a key performer even amid broader market uncertainty. Price Action Dogecoin's rally was highlighted by a dramatic price surge during the 11:00-13:00 window, where volume spiked to 541 million and 589 million units respectively — more than double the average. The surge established a strong high-volume resistance zone at $0.198-$0.199. DOGE's price bounced decisively from $0.194 support, forming a V-shaped recovery pattern with renewed buyer interest. Technical Analysis Recap DOGE climbed from $0.189 to $0.199, a 4.8% gain. Significant volatility occurred during 11:00-13:00 UTC, with volumes of 541 million and 589 million. Resistance established at $0.198-$0.199, with support at $0.189. V-shaped recovery pattern formed in the final hour, with substantial buying interest at $0.194. Volume spikes at 01:56 UTC to 7.2 million and during the final 10 minutes confirmed strong buyer interest. Price established new resistance at $0.196, suggesting potential continuation of the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
26-05-2025
- Business
- Business Mayor
Decoding Base's upgrade plan: Is it ready to take on Ethereum?
Base's TVL surged to $4 billion with upgrades for faster transactions, lower fees, and decentralization. Base challenges Ethereum's scalability with ambitious performance upgrades and decentralization plans, eyeing L2 dominance. Base is stepping up. With its TVL climbing back to late-2024 highs, the Coinbase-backed Layer 2 is launching key upgrades to reduce fees, speed up transactions, and decentralize its infrastructure on Ethereum's mainnet. However, with Ethereum still facing scalability challenges, the real question is—can Base transition from a fast follower to a dominant Layer 2 player? Base's bold vision for the future Jesse Pollak's latest X post sketched a performance roadmap for Base: sub-200 millisecond confirmation times, fees under a cent, and output at 200 transactions per second. Source: X But it's not just about speed, seems like. Pollak emphasized neutrality – eliminating sandwich attacks and giving builders fair execution – alongside plans to decentralize core infrastructure in two stages. When asked if Base could ever hit 1 million TPS, his one-word reply – yes – wasn't framed as a joke. TVL rebounds – but can momentum stick? Base's rapid ascent As of May 2025, Base has emerged as a formidable player in the Layer 2 landscape. This growth positions Base ahead of competitors like Arbitrum [ARB] and Optimism [OP] in terms of TVL and daily transaction volumes. Ethereumm[ETH] isn't standing still. The recent Pectra upgrade brought moderate gains in scalability – boosting blob output and nudging smart contract wallet usability forward. Read More PEPE prices up 12% from this support level – Is it all good news? Further down the roadmap, the Fusaka upgrade promises more technical muscle through PeerDAS and Verkle Trees, targeting data availability and state size concerns. Base, on the other hand, is moving faster. With shorter confirmation times, cheaper fees, and a push toward decentralizing core operations, it's making a case for near-term dominance in the L2 arena. READ SOURCE
