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Cryptocurrencies Price Prediction: Dogelon, XRP & Coinbase – European Wrap 24 January

Cryptocurrencies Price Prediction: Dogelon, XRP & Coinbase – European Wrap 24 January
FXStreet TeamFXStreet TeamFXStreet

Dogelon Mars pumps more than 85%, whales dump 128 billion coins and realize a profit

Dogelon Mars (ELON) price continues its rally on Friday after rallying more than 18% this week. On-chain data shows that ELON whale wallets realized profits during the recent surge. The technical outlook suggests a rally continuation of the dog-theme meme coin, targeting double-digit gains ahead.

XRP lose steam, risks 20% decline despite Donald Trump's presidential executive order

Ripple's XRP declined 3% in the early trading hours on Friday as on-chain and technical indicators signify that bulls are losing steam.

XRP showed no signs of recovery despite the positive developments of US President Donald Trump signing an executive order to establish a Presidential Working Group on digital assets.

Coinbase CEO urges governments to hold Bitcoin as strategic reserve

Coinbase CEO Brian Armstrong has declared Bitcoin a "better form of money" than gold, citing its scarcity, portability, and divisibility as key advantages. Armstrong believes Bitcoin’s market cap, currently around $2 trillion, could surpass gold’s $18 trillion within 5 to 10 years. He has urged governments to allocate a portion of their gold reserves to Bitcoin, arguing it is a stronger store of value and a more modern asset for strategic reserves.

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