STOCKS TELEGRAPH

Tag: DOGE

  • Dogecoin (DOGE) pumps after Elon Musk joins Twitter

    Dogecoin (DOGE) pumps after Elon Musk joins Twitter

    Dogecoin (DOGE) is up 11%, per coinmarketcap information, following Twitter’s declaration of Elon Musk as the freshest individual from its directorate.

    As a component of the arrangement to join the board, Musk has consented to not bring his stake any higher than 14.9% from the current 9.2%. Twitter CEO Parag Agrawal and Musk traded tweets Tuesday early daytime communicating their fervor and interest in cooperating.

    Simultaneously tweets had additionally been traded between the ex-CEO Jack from Twitter who feels that option of Elon Musk to the leading group of Twitter will be helpful for the local area.

    It’s the second spike in two days for dogecoin on Musk/Twitter-related news. While Monday’s move immediately switched, DOGE right now has been rising, presently besting $0.16 without precedent for a very long time.

    Throughout recent months Musk, the CEO of Tesla (TSLA) has advanced dogecoin, in any event, taking into account DOGE to be acknowledged for installment at Tesla’s supercharging stations and its web-based stock store. Presently the biggest individual proprietor of Twitter shares and a board part, Musk could push for DOGE installments to some way or another be coordinated into the web-based entertainment organization’s foundation.

    Bounce Iaccino, boss specialist at Path Trading Partners and co-portfolio supervisor at Stock Think Tank, questions that will occur. “It’s living in a fantasy land with respect to those who put resources into dogecoin,” said Iaccino.

    As has turned into a propensity for the Tesla CEO, the current week’s activities could as of now have him on the Security and Exchange Commission’s radar. Administrative filings show that Musk documented a structure 13G with the office on April 4, authoritatively revealing his responsibility for more than 5% of Twitter. The structure, be that as it may, states the individual getting said protections are doing as such “not with the impact of changing or affecting the control of the backer,” which would incorporate joining the board.

    Assuming the purchaser of offers wishes to turn into a dissident or join the board, that would require the documenting of a structure 13D, wherein those expectations would be expressed.

    Dogecoin was having a decent month preceding the current week’s news, and is presently higher by 30.6% throughout the most recent 30 days, as per CoinDesk information.

  • Why is Dogecoin (DOGE) Surging?

    Why is Dogecoin (DOGE) Surging?

    According to CoinMarketCap data, the price of Dogecoin, the most well-known Bitcoin parody, has increased by more than 12% in the last 24 hours.

    Earlier today, the cryptocurrency hit an intraday high of $0.1384 on the Binance exchange, up 14 percent in three days. Because of the price increase, Dogecoin has risen to 12th place in terms of market capitalization, surpassing the Binance USD (BUSD) stablecoin. The joke Bitcoin parody is now worth $18 billion, but it is still a long way from its previous high of more than $90 billion in May.

    The most recent increase occurred following the exchange of virtual currency. Dogecoin is now available at Bitcoin of America’s cryptocurrency ATM machines across the United States. Last October, the company added support for Ethereum, the second-largest cryptocurrency. Customers can also buy and sell Litecoin.

    Bitcoin of America claims to have 1800 cryptocurrency ATMs spread across 312 states. Its universal kiosk allows users to buy cryptocurrencies with cash after withdrawing funds from a debit card, or to sell their cryptocurrency for cash.

    The inclusion of Dogecoin will almost certainly increase the mainstream adoption of the largest meme coin.

    On Wednesday, Voyager, a commission-free cryptocurrency trading app, added support for Dogecoin, allowing customers to send and receive the joke cryptocurrency.

    On Wednesday, Dogecoin received additional attention as part of National Puppy Day, with Binance and other businesses teasing the communities behind the most popular canine meme coins.

    While most of the altcoins on the digital money market are recuperating, Dogecoin merchants are effectively buying their most loved memecoin, which has as of late gotten through the principal obstruction line.

    While DOGE recently combined on the opposition line, it still can’t seem to enter a long haul upturn in the wake of breaking it, showing that the market isn’t yet ready to help the assembly on the first memecoin.

    Already, the market dismissed Dogecoin’s move over the obstruction, however, because of the meeting in altcoins like Cardano and Ethereum, DOGE very quickly retested the opposition.

  • Why is Dogecoin (DOGE) Trending and Surging?

    Dogecoin (DOGE) gained as much as 10% during Asian exchanging hours on Monday after Tesla CEO Elon Musk expressed in a tweet that he isn’t selling his crypto property, which incorporates DOGE.

    DOGE exchanged hands at $0.111 at 4:10 UTC in a generally level crypto market. It took off after Musk’s tweet at 4:11 UTC, in which he expressed he’ll keep DOGE, ether, and bitcoin, and arrived at a high of $0.122 at 4:17 UTC.

    The flood was probably moved through mechanized trading bots that track token notices from notable obligations via online media sites like Twitter. Musk’s Twitter account, for instance, has over 77.6 million devotees.

    The coin’s price had dropped to $0.1145 from their morning high at the hour of composing.

    Musk has recently referenced the coin in various tweets. In February 2021, he tweeted an image of a rocket close to the moon, trailed by “Doge” – a play on the expression “going to the moon,” a term at a resource cost flood.

    Musk expressed in May 2021 that he was working with dogecoin designers to further develop framework proficiency, which made the price soar by 22%.

    As recently detailed, Musk’s Tesla started tolerating payments on its product store recently. DOGE payments are as yet acknowledged, with the “Giga Texas Belt Buckle” and different items valued in both USD and DOGE.

  • Dogecoin (DOGE) – Verge of Breaking out?

    To have an idea about the technical part, as usual, it’s ideal to check out Higher Time Frame. Starting from the Weekly Time frame, the price of DOGE is quite bearish and is breaking structures to the downside. Price is very precisely following the Lower Low & Lower High pattern. Right now price on Weekly has broken structure and has made a Lower Low. Now potentially after every Lower Low, Lower High is formed. So, anticipating a Lower High gives us Bullish bias to some extent.

    Moving down to the Daily Time frame, the price action of DOGE is very supportive of the bullish bias. This is because of the bullish evidence it is giving at the moment. The previous Low which was sitting at $0.1313 on the 4th of December, the price on the 22nd of January took it low. This means that the liquidity which was sitting below that has been probably taken out which supports the bullish bias as the price has the necessary fuel is needed for any sort of impulse.

    Lower Time Frames – Dogecoin (DOGE)

    Now moving down to the 4 Hour Time Frame, there are a few confluences that are worth considering. First thing, the structure edge is to the upside, as the price is breaking structures to the topside. The Order Block which was formed after the first structure shift to the topside was mitigated while the second one to date remains unmitigated. Now price of DOGE is actually in a consolidation phase and liquidity is being engineered on both sides. It’s very possible that price might manipulate to the downside. Then the distribution move can take place to the upside which aligns with our HTF. Now talking about the invalidation point.

    DOGE - 1D

    Possible Reaction Zones

    If the price of DOGE in case breaks the level of $0.1256, then it’s very possible that all of these scenarios don’t even take place as the structural shift will be observed and only shorts would be preferred. Talking about the targets, the level of $0.11647 is a very great one as that’s an unmitigated Order Block from where the price may show the reaction to some extent.

    This weekly to 4-hour bias all aligns with the Btc movement as well. As on Btc the bearish momentum, for now, seems to have been lost. Meaning that buys of DOGE are kind of preferred which influences the buys in these alts as well. BTC movement is very important before considering only the technicals of each other coin.

  • Dogecoin (DOGE) –  What is the Chart Showing Us?

    At the time of writing, DOGE is being traded at the price of $0.1767. The price of the coin has increased by almost 3% in the past 24 hours. The maximum and minimum of the day are around $0.1789 and $0.1713. The daily trading volume has on the other hand has also increased by almost 55% in one day. DOGE is listed on coinmarketcap at 12th spot according to market capital and has a market dominance of 1.03%.

    DOGE before the crash had achieved its all-time high around the price of $0.74 in May 2021. During the crash, DOGE created a bottom and dropped down to $0.1599 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. DOGE is still being traded at the price it had around July and this month even went lower than that.

    It has a total supply of around 132B tokens and has nearly all of them in circulation i.ie around 132B. DOGE can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.

    Technical Analysis – Dogecoin (DOGE)

    Dogecoin, the meme that took over the internet has been one of the highest gainers in the market at one point. ON the weekly time frame, it can be seen the price had gone on to create an all-time high a few months back. We can see that an order block had been created that lies below. If we notice, we can see that price of the coin had created an order block that lies on the floor and this order block has remained unmitigated for a long time.

    DOGE -1 D

    With the losing momentum, we can expect a drop in the price to the bottom and mitigate the order block. From there, we can look for a reversal. This reversal would drive the price upwards with the final targets that have been marked on the chart as well.

    Price Prediction – Dogecoin (DOGE)

    Dogecoin(DOGE) has been one of the highly bullish coins in the market. According to wallet investor, DOGE in one year is expected to reach a value of $0.388. In five years, it is expected to touch $1.254. This shows that DOGE has a huge amount of potential in it and would give an amazing return to the people who would hold it.

  • Dogecoin (DOGE) Coin – Can the bearish momentum end soon?

    Dogecoin (DOGE) Coin – Can the bearish momentum end soon?

    Dogecoin (DOGE) had picked up the pace towards the end of June; however, the cryptocurrency was gripped by the bears and the bullish momentum was lost. Bearish momentum has been dominant in the market ever since and Dogecoin has been on a strong downtrend. The price movements in the daily timeframe indicates towards a reversal of the trend. In the past twenty-four hours, Dogecoin had been moving upwards – although the upside movement is minor currently – while the daily trading volume has declined by 10%. At the time of writing, Dogecoin stands at a price level of $0.19.

    Dogecoin (DOGE) technical analysis

    The recent upward move has not yet been translated into the technical for the cryptocurrency. The market outlook for Dogecoin continues to be bearish. Out of the total twenty-six technical indicators, fifteen are giving out a signal of sell with eight indicators standing at a neutral position and only three at buy. The oscillators are neutral while the moving averages still suggest a strong downtrend.

    Dogecoin (DOGE) technical analysis
    Dogecoin (DOGE) technical analysis

    A trader’s analysis reveals a take on the upcoming price movements of Doge coin. Per the analysis, Dogecoin’s downtrend is not to last for too long. The cryptocurrency had formed somewhat of a coherent wave count. The current wave will lead DOGE crypto towards testing a crucial support level at $0.16. If Dogecoin stabilizes at the support level, a pullback to the upside can be expected which will help the cryptocurrency towards a price target of $0.27.

    Dogefather’s full support for Dogecoin

    The Doge-father – or the billionaire CEO Elon Musk – had been an ardent believer of the cryptocurrency. Musk has sent the cryptocurrency flying to the moon a couple of time and he is not stopping anytime soon. Musk had taken up with the development team of Dogecoin and has been working closely with them to make Dogecoin a global payment network. The support of Musk is crucial for Dogecoin and can result in a trend reversal.

  • The top crypto winners of the second quarter ‘21

    The top crypto winners of the second quarter ‘21

    The second quarter of 2021 has been almost the exact opposite to the first one. While the first quarter of the year saw new all-time highs and record adoption and acceptance of cryptocurrencies, the second quarter is marked by panic-selling and un-ending bearish momentum.

    While the bears were dominant in the second quarter, there were still cryptocurrencies that outperformed others. The outperformers in the second quarter were: Dogecoin (DOGE), Ethereum Classic (ETC), Ripple (XRP) and Ethereum (ETH). The outperformers ended the quarter with positive gains while others had succumbed to the bears.

    DOGE AND ETC
    DOGE AND ETC

    Dogecoin (DOGE) had a positive change of 325% in the second quarter. The performance of Dogecoin can largely be attributed to the “Doge-father” – billionaire CEO Elon Musk. Musk has been a champion of cryptocurrency and had been behind most of the cryptocurrency’s price rallies.

    Ethereum Classic – the hard fork of Ethereum – had a return of 268%. The quarter had been eventful for Ethereum Classic as the development team published a detailed roadmap and the budget for 2021. ETC coin also saw various software releases and network upgrades which contributed to its growth in the quarter.

    Ripple (XRP) had been going strong ever since the bears from the Ripple Labs vs. SEC lawsuit took a backseat. The cryptocurrency outperformed by 12% in the quarter. The lawsuit continues with full force but the counsel of Ripple Labs argue that the SEC has singled out XRP. The price of XRP has become near-immune to the lawsuit.

    Ethereum (ETH) – the queen of the market – ended the second quarter with an increase of 13%. Ethereum begun the Layer 2 scaling solution led by Polygon in the second quarter. Upgrades and proposals were implemented to take care of the issue of high gas fees on the network. The network is also moving towards a proof-of-stake mechanism.

  • Dogecoin (DOGE) – Bullish break soon?

    Dogecoin (DOGE) – Bullish break soon?

    Dogecoin (DOGE) had been giving a subpar performance in the weekly timeframe. The cryptocurrency had appeared to pick up the pace; however, the bulls failed and Dogecoin once again started moving downhill. In the past seven days, Dogecoin has fallen by 8%. At the time of writing, the cryptocurrency stands at a price level of $0.23. The price is decreasing in the daily timeframe as well and so has been the trading volume.

    The market outlook for DOGE coin is bearish. Out of the twenty-six technical indicators, eleven are giving out an indication of sell while ten are standing at a neutral position with only five signals of buy. The oscillators are primarily neutral while the moving averages suggest a downtrend.

    A trader has identified DOGE coin to be operating in an inverse head and shoulder formation. The cryptocurrency has successfully completed the formation of the left shoulder and head while the right shoulder may soon be completed. The inverse H&S formation is a bullish pattern with an upside breakout as the more likely trajectory. The trader has identified the potential price target at $0.44 which would give nearly 80% gains from the current price.

    Dogecoin (DOGE) fame not dying anytime soon?

    Despite the bearish trend in the price movements, Dogecoin does not appear to be losing any popularity. Freshman Congressman Barry Moore has revealed heavy investment in DOGE coin, Ethereum and Cardano. Glauber Contessoto, a Dogecoin investor, famous for investing his $250,000 lifesavings in Dogecoin has increased his Dogecoin portfolio as the cryptocurrency dips. Contessoto has added an additional $25,000 to his investment in the cryptocurrency.

    So why is Dogecoin being bought despite the downtrend? One answer could be Elon Musk. The cryptocurrency continues to enjoy the protection of the billionaire CEO. Musk is also going full-force with Dogecoin’s development team to make it a global digital currency.

  • Shiba Inu (SHIB) coin vs. Dogecoin Feud

    Shiba Inu (SHIB) coin vs. Dogecoin Feud

    Shiba Inu (SHIB) has been trending recently. The market for Shiba Inu is in a consolidation phase with sustained volatility. The prolonged indecisiveness of traders will lead to a bigger movement after the end of the consolidation. At the time of writing, SHIB coin stands at a price of $0.0000082. The price has moved downwards only slightly in the past twenty=four hours while the daily trading volume has declined by nearly 40%.

    On the other hand, Dogecoin (DOGE) had been on a sharp decline since the market crash. The cryptocurrency appears to have picked up the pace recently as Elon Musk often pumps it up. The price of the cryptocurrency stands at $0.24, at the time of writing. The price has had a slight downside movement in the past twenty-four hours while the trading volume has increased by 36%.

    Shiba Inu vs. Dogecoin feud

    Shiba Inu and Dogecoin both belong to the same category of memecoins. However, as both are well-known, they are regarded as strong competitors. The feud between the cryptocurrencies is also translated into a feud of the cryptocurrencies’ communities. The SHIB coin community recently commented how Dogecoin is only being used by some people because of Elon Musk while the cryptocurrency has no real utility.

    The “doge-father” did not stay silent on the matter and laughed off the comment. Elon Musk is actively working with the development team of his favorite cryptocurrency to make it fit for being a mass-adopted digital currency.

    Which cryptocurrency has more potential?

    Although the price differences are stark, it does not matter when it comes to price growth. The market sentiment for Shiba Inu is neutral while for Dogecoin it is bearish. The five year-forecast of Wallet Investor shows a staggering 700% increase in the price of Shiba Inu while the increase is only 400% for Dogecoin.

  • UK-based Revolut adds Dogecoin to its platform

    UK-based Revolut adds Dogecoin to its platform

    The UK-based mobile banking app, Revolut, has announced to add Dogecoin (DOGE) to its platform. Revolut is one of the leading trading platforms in the UK and users will now be able to buy, sell and hold Dogecoin on the platform along with its 29 other coins. Revolut is also known as “challenger bank” because its challenges the traditional way banking is done. Dogecoin was added because of user demand.

    Dogecoin (DOGE) rose to popularity because of being meme crypto. After all, it had started off as a joke between two engineers but it wouldn’t be a stretch to say that Dogecoin has proven itself to be more than a joke. The cryptocurrency has garnered a lot of attention because of the interest of some high-profile figures like Elon Musk. Musk is being dubbed as “Doge father” and had been responsible for the all-time high of the cryptocurrency.

    However, as the excitement around Dogecoin died down during the market crash questions regarding the future of the cryptocurrency rose once again. Elon Musk took an active stance in the development of the cryptocurrency and the development team is now working with the billionaire CEO for the mass adoption of Dogecoin.

    Dogecoin had also been added by Coinbase Pro – which is an extremely hard feat to achieve. Coinbase is one of the most selective exchanges with only 63 tokens listed. The listing had brought Dogecoin under the spotlight once again.

    At the time of writing, Dogecoin (DOGE) stands at a price level of $0.32 – although the price has been trending downwards in the past twenty-four hours. Dogecoin is currently the sixth-largest cryptocurrency in the market with a capitalization of $41 billion.