The Top 6 Most Actively Traded Stocks

These top 6 market movers are the bread-and-butter for many traders/investors and yield enormous possibilities for high returns. They are companies with the most shares traded or the highest dollar volume of shares traded over one trading day.

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

Dogecoin's Social Sentiment Surges 600% In Single Day As DOGE Crosses 10 Cent Mark, But This Indicator Is Flashing 'Sell'

Mehab Qureshi
February 28, 2024

Amid a surging cryptocurrency market, Dogecoin (CRYPTO: DOGE), the meme-based cryptocurrency, is experiencing a rise in both price and social sentiment. 

What Happened: Data from social analytics firm LunarCrush revealed an increase in Dogecoin’s social media presence, with a 600% rise in its “social dominance score” recorded within a single day. Social dominance calculates the “share of voice” across all social media data.

As Bitcoin soared above the $64,000 mark, driving positive sentiment across the crypto landscape, Dogecoin's price rose to the $0.10 threshold.

In terms of market capitalization, Dogecoin reclaimed its position among the top ten cryptocurrencies, surpassing Avalanche (AVAX). The token currently holds a market capitalization of $16.4 billion, securing its standing as the 10th largest cryptocurrency by this metric.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

On The Technical Side: The Relative Strength Index (RSI), a tool used to gauge the momentum of asset price movements, currently places Dogecoin in the overbought zone with a value of 73.4071, according to TradingView. Traditionally, an RSI value exceeding 70 could imply an overextension in the asset’s market price, hinting at the potential for a future sell-off.

RSI is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. For RSI, values above 70 indicate that an asset may be overbought (potentially a sell signal), while values under 30 suggest it may be oversold (potentially a buy signal).

Why It Matters: Data from CoinGlass shows an overwhelming amount of liquidated positions, particularly among those betting against Dogecoin’s rise (short sellers). The figures revealed a total of $39.86 million in liquidations, with $30.52 million stemming from short positions in the last 24 hours.

Blockchain analytics from IntoTheBlock indicate heightened activity surrounding Dogecoin, with an 86% increase in new wallet creation.  Dogecoin’s active wallet addresses, which represent the number of unique senders and receivers on the network, also spiked by 37%.

Photo by Dennis Diatel on Shutterstock

 Price Action: At the time of writing, DOGE was trading at $0.12 up 30.22% in the last 24 hours, according to Benzinga Pro.

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

Continue Reading...

Popular

Top 3 Tech Stocks That May Explode This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement

Meta Platforms, Inc will stop operating Threads in Turkey on April 29 due to an order from the Turkish Competition Authority, but plans to appeal and reinstate the app soon. It also lowered fees for ad-free versions in Europe.

A.I. Pioneer Warns: "I thought we had more time..." - Ad

A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

CleanSpark Is Holding Up Better Than Other Bitcoin Mining Stocks Monday: What's Going On?

CleanSpark Inc (NASDAQ:CLSK) shares are trading slightly higher Monday despite weakness across crypto markets. Here’s a look at what’s going on.

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

Why Phoenix Motor Shares Are Surging Premarket Monday

Phoenix Motor expects revenue of $8-$9 million in Q1 FY24, up from $1.8 million in Q1 2023, thanks to strategic initiatives.

Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.

10X Gains on the Horizon? - Ad

Our top pick for the next crypto boom is flying under most investors' radars. We believe this coin has the potential to deliver 10X returns or more. Get the name of the coin and our complete investment guide for just $3.

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Peter Schiff Predicts Bitcoin ETFs Will Lead To Its 'Biggest Crash Ever'

Bitcoin's (CRYPTO: BTC) ever-bearish commentator Peter Schiff commented on the crypto king, foreseeing its biggest crash and a potential MicroStrategy (NASDAQ:MSTR) bankruptcy.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents.

Macy's names 2 independent directors as part of agreement with activist investor

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

Forget NVIDIA, Tesla and ChatGPT -- Buy Elon's "A.I. 2.0" Project Instead - Ad

Luke Lango has traveled to the Tesla Gigafactory in Texas to reveal Elon's hidden A.I. project. It's known as "A.I. 2.0", and in Elon's own words, it will be "a fundamental transformation for civilization as we know it." Luke has found a "backdoor" method to claim a stake before it goes mainstream.

Russian Government-Linked Hackers Stole Federal Email Correspondence With Microsoft: CISA

Russian government-linked hackers, identified as Midnight Blizzard, have stolen email correspondences from several U.S. federal agencies and Microsoft, marking a significant cybersecurity breach.

Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded

Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she founded.

On Location at My No. 1 A.I. Stock Pick - Ad

In this video, I go on location to share the name, ticker symbol, and story behind my #1 A.I. stock pick. I can almost guarantee you've never heard of this company -- but soon you, your friends, and your family will likely all be using it.

What's Going On With Charles Schwab Shares After Launching Forex Trading?

Charles Schwab introduces futures and forex trading on its thinkorswim platform suite, part of Schwab Trading Powered by Ameritrade.

"This Will Be Bigger Than Tesla" -- Elon Musk - Ad

Elon Musk has cracked open a radical wealth-building opportunity, one that's set to close shut by May 16, 2024. It has to do with a new venture that Elon Musk is set to roll out... Something I'm calling "Elon's A.I. 2.0."

Milei, the president of cash-strapped Argentina, starts another US tour and plans to meet Elon Musk

BUENOS AIRES, Argentina (AP) — President of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire , as his government seeks an infusion of cash to overhaul Argentina's embattled economy.

Making cement is very damaging for the climate. One solution is opening in California

It's a major contributor to climate change — the way buildings and roads are made with concrete. It's also a problem that's growing as more of the world develops. So the race has been on to find solutions for a material that's responsible for roughly 8% of global carbon dioxide emissions.

AI Hype Is Overblown -- Except One Sector Now Soaring - Ad

40% of "AI" companies don't even use AI... and many AI companies have no gains whatsoever. But AI is transforming one secret group of companies, practically overnight. Already, 50 stocks in this sector have shot up 100% or more in just 90 days. Professor Joel Litman explains everything.

Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Fastenal Company (NASDAQ: FAST) fell sharply during Thursday’s session following worse-than-expected first-quarter financial results.

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

March Sales Top $288M In Another Record-Breaking Month For Michigan Cannabis Industry

Discover Michigan's booming cannabis market with record-breaking $288.8M sales in March. Dive into industry dynamics and future projections.

Uber and Lyft delay their plans to leave Minneapolis after officials push back driver pay plan

MINNEAPOLIS (AP) — The ride-hailing companies Uber and Lyft said they will delay their planned exit from Minneapolis after city officials decided Wednesday to push back the start of a driver by two months.

Breaking: A Global Gold Lockdown Is Now Underway... - Ad

All over the world, vaults are being emptied out by financial insiders. And soon, you may not be able to purchase gold -- at ANY PRICE... Period. Forty-year market veteran and former Goldman Sachs Vice President, Dr. David Eifrig, reveals what is happening behind the scenes in the gold market, and what you must do immediately to prepare.

What's Going On With BP Shares Premarket Friday?

ADNOC reportedly considered buying BP, but decided it wasn't the right fit for their strategy. BP has underperformed and is seen as a potential takeover target.

Elon Musk Gets Fresh Challenge In His X Plans As Naval's Airchat App Begins Making Buzz

AngelList co-founder Naval Ravikant has launched a new social media app called Airchat, to take on Elon Musk's hate speech-inundated X.

Jeff Bezos' Next Move - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Is Niu Technologies Ready To Charge Ahead Again?

Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry

How Iran's Attack Against Israel Will Impact Gas Prices You Pay At The Pump

Stock market dropped due to fears of Middle East tensions. Analysts worry oil prices could stay high and lead to recession. Gas prices may rise soon.

Make This One Trade Every Time the Government Drops Economic Reports - Ad

Twelve times every year... you have the chance to make ONE simple trade... with ONE symbol... And cash out the very next day! Some have gone up to 383% OVERNIGHT! It's a way to make winning trades every time the government releases key economic data.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service