Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Dogecoin Drops 14%, Shiba Inu Sinks 17%: What's Behind The Decline?

Khyathi Dalal
December 10, 2024

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have seen sharp declines, with traders debating whether these drops signal a buying opportunity or a deeper trend reversal.

CryptocurrencyPrice    Market Cap24-Hour Trend7-Day Trend
Dogecoin (CRYPTO: DOGE) $0.3779$55.6 billion -13.5% -7.4%
Shiba Inu (CRYPTO: SHIB) $0.00002484$14.8 billion -16.4% -11%
Pepe (CRYPTO: PEPE) $0.00002287$9.6 billion -17% +16%

Trader Notes: Crypto trader DonAlt highlights Dogecoin’s sideways movement over the past month, describing it as one of the most “net-worth-destructive” charts in crypto history.

Another trader commented on the risks of consensus trades, noting that when everyone expects a breakout, but no new buyers emerge, prices stagnate. A Dec. 6 survey of his shows 40% of Crypto Twitter felt DOGE was an overcrowded trade, while 60% suggested “just buy.”

Still trader Tardigrade believes Dogecoin is consolidating at a similar position to previous cycles, signaling a potential rebound. Scofield advises that this could be the “last buying opportunity before take-off.”

Statistics: IntoTheBlock data shows Shiba Inu's large transaction volume expanded by 175.3% while daily active addresses dropped 27.9%.

Transactions greater than $100,000 widened from 488 transactions to 848 transactions in single day. Despite price drops, 60% of SHIB holders are in profit.

Shibburn data shows 11.55 million SHIB coins were burned in the past 24 hours with 9.7 million SHIB in one transaction and 1.46 million in another.

Coinglass data shows DOGE derivatives trading volume surged 84.1%, while open interest dropped 27.5%. Open interest and liquidations hit peak levels on Dec. 9, signaling heightened market activity.

What's Next: The significant price declines in both coins come amid heightened market volatility and mixed sentiment.

For Dogecoin, some traders see consolidation as a precursor to a breakout, while for Shiba Inu, the burn rate and whale activity could indicate growing interest despite the pullback.

Read Next: 

  • Can Bitcoin, Ethereum, Dogecoin, Shiba Inu or Solana Beat XRP In 2025? Poll Says Yes, One Coin Stands Out

Image: Shutterstock

Popular

IRS Reportedly Confirms $1,390 Stimulus Checks For Eligible Americans, Rumors of $2,000 August Payout Debunked — Plans Late Summer Rollout (UPDATED)

Millions of Americans may be eligible for a $1,390 stimulus check by the U.S. Department of the Treasury and the Internal Revenue Service, as part of a plan aiming to provide financial relief to low and middle-income households.

Congresswoman Files Hundreds Of Stock Trades Late, Including Palantir Stock Up Over 600%

A Congresswoman violated the Stock Act with a disclosure showing hundreds of stock transaction made dating back to March 2024.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

AeroVironment Set For Growth As Drones Take Center Stage In Defense

Needham analyst initiates AeroVironment at Buy with a $300 target, citing drone market growth, BlueHalo deal and rising defense share.

How To Earn $500 A Month From Walmart Stock Ahead Of Q2 Earnings

Walmart offers a quarterly dividend amount of 23 cents per share. To earn $500 monthly, start with the yearly target of $6,000.

Gold Is Soaring. Here's How To Get Paid From It - Ad

Gold just broke through $3,300. And while the headlines shout about price targets, something even more powerful is happening behind the scenes. Some investors are using a little-known ETF to collect up to $1,152/month from gold's surge. Just a simple fund delivering monthly payouts.

Kevin O'Leary Recalls How Cutting Off His Son's Trust Fund Drove Him To Harvard: 'The Dead Bird Under The Nest Never Learns To Fly'

Kevin O'Leary revealed that cutting off his son's trust fund after high school and insisting on self-reliance motivated him to earn a spot at Harvard, emphasizing that entitlement ruins ambition.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

The US plans to build a $750M fly factory in Texas to stop a flesh-eating cattle parasite

The U.S. plans to build a $750 million factory in southern Texas to breed billions of sterile flies, ramping up its efforts to keep flesh-eating maggots in Mexico from crossing the border and damaging the American cattle industry.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

BioXcel Therapeutics (BTAI) Stock Is Extremely Volatile Today: What's Going On?

Shares of BioXcel Therapeutics are trading sharply lower Tuesday morning. The company announced its financial results for Q2.

DOE Unveils Fresh $1 Billion Funding To Boost US Critical Minerals

The DOE will provide nearly $1 billion in funding to strengthen domestic supply chains for critical minerals, following Trump's executive order.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Thieves grab $2 million in jewelry in Seattle heist that took less than 2 minutes

SEATTLE (AP) — Smash-and-grab thieves in Seattle made off with an estimated $2 million in diamonds, luxury watches, gold and other items in a daring midday jewelry store robbery that took just about 90 seconds, police said Friday.

Intel Stock Is Trading Higher Tuesday: What's Going On?

Intel Corporation (NASDAQ:INTC) shares are trading higher Tuesday after CEO Lip-Bu Tan met with President Donald Trump in the White House on Monday.

How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

Royal Caribbean Stock Closes Near Day's High After Key Trading Signal

A significant trading signal occurred for Royal Caribbean stock, as it demonstrated a power inflow at $349.52, after which RCL rose up to 1.3%.

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

Trump 2.0 At 200 Days: Palantir Surges, Tesla Slumps

Palantir leads all stocks in the S&P 500 with a stunning 160% gain in Trump's first 200 days. 

Rural Colorado mourns 6 who died from suspected gas exposure at dairy farm

Six workers who died in what authorities suspect was include a 50-year-old father and two sons, an incident that left rural Colorado communities in mourning.

Will Your Savings Survive the August 31st Debt Ceiling Crisis? - Ad

On Aug 31, the U.S. runs out of "extraordinary measures" to avoid default. Insiders are moving into crisis-proof assets-while everyday Americans risk losing big. The FREE Mar-A-Lago Accord reveals where they're hiding wealth, how the Fed's response could crush the dollar, and 3 urgent moves to make now.

Social Security's 90th anniversary is marked by funding threats and privatization talk

WASHINGTON (AP) — When signed the Social Security Act into law 90 years ago this week, he vowed it would provide economic stability to older people while giving the U.S. "an economic structure of vastly greater soundness.”

Li Auto Stock Declines Over 4% Pre-Market After Q2 Earnings Miss

Li Auto Inc. shares declined on Thursday during pre-market trading after the company reported its second-quarter earnings.

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Taylor Swift's economic pull makes orange the new green for big brands

Taylor Swift's upcoming release and her love of all things orange isn't lost on her fans - or brands that are seeking a ride on what has become an enormous economic tailwind.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Best Buy Could Be Gearing Up For Comeback, Analyst Says

Best Buy finds itself at a pivotal juncture as electronics retailers navigate a shifting landscape marked by changing consumer habits.

$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum

A sharp upside surprise in U.S. producer price inflation triggered a $420 million wipeout in crypto markets on Wednesday, exposing lingering vulnerabilities in market leverage during macroeconomic data shocks.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Stock Of The Day: Time To Buy Cooper Companies?

The Cooper Companies (COO) are oversold and at support. These dynamics can set the stage for a new uptrend to form.

What's Going On With Coherent Stock On Thursday?

Coherent shares are trading lower on Thursday after the company announced it will sell its aerospace and defense unit for $400 million.

Gold Is Soaring. Here's How To Get Paid From It - Ad

Gold just broke through $3,300. And while the headlines shout about price targets, something even more powerful is happening behind the scenes. Some investors are using a little-known ETF to collect up to $1,152/month from gold's surge. Just a simple fund delivering monthly payouts.

Latest launch of SpaceX's Starship completes first-ever payload deployment of 8 dummy satellites

SpaceX launched the of its on Tuesday night and completed the first-ever deployment of a test payload — eight dummy satellites — into space.

Jim Cramer: Kodiak Sciences Is A 'Pure Spec' Stock, Recommends Buying This Utilities Stock

Kodiak Sciences posted a second-quarter loss of $1.03 per share, compared to market estimates of a loss of $1.02 per share.

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

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 finstrategist.com
Privacy Policy | Terms of Service