Category Archive : Dogecoin

Here’s Why Dogecoin Is Falling Today

What happened

Dogecoin (CRYPTO:DOGE) has given up some ground in Tuesday’s trading. The cryptocurrency’s price per token is now down roughly 2.4% over the last 24 hours.

The pullback for Dogecoin comes despite gains for other leading cryptocurrencies. As of 5:30 p.m. EDT, Bitcoin was up roughly 3.9% over the previous day of trading, while Ethereum‘s Ether token was up roughly 1.7% across the stretch.

Image source: Getty Images.

So what

Rather than any big token or crypto-space news, Dogecoin’s sell-off appears to be the result of investors taking profits on the heels of recent gains. Even with today’s pullback, the token is still up roughly 8% over the last seven days of trading.

Increasing adoption for the cryptocurrency has improved its potential for long-term viability, and support from figures including Elon Musk and Mark Cuban has helped generate excitement among crypto investors. Dogecoin may have started as something of a joke, but its performance in 2021 has been nothing short of incredible. The token has surged more than 4,200% year to date.

Dogecoin now has a market capitalization of roughly $32 billion and is the 10th…

Read more at www.fool.com

Dogecoin needs to do this to unlock its full potential

Dogecoin’s bullish trajectory since mid-October has been a welcoming change following tepid movement in September. DOGE’s value has risen by nearly 30% since last week and the alt is currently challenging a crucial resistance zone in order to unlock its full potential.

However, keep in mind that DOGE’s price progression needs to be backed by consistent volumes otherwise some near tailwinds can begin to creep into the market. At the time of writing, DOGE traded at $0.247, down by 3.5% over the last 24 hours.

Dogecoin 4-hour Chart

Source: DOGE/USD, TradingView

Dogecoin looked to break past the confluence of its 200-SMA (green), $0.273-resistance and an upper sloping trendline to revisit levels seen during August’s bull run to $0.3495. Now this could turn out to be tricky as bulls would need to gather strong numbers up till $0.354 in order to overcome some near-term barriers at $0.301 and $0.320.

If bulls falter at the aforementioned resistance zone (white), $0.230 support could be called into action, with $0.1945 serving as a deeper defensive resource. On the other hand, a move above with conviction $0.355 would give bulls a lot more breathing space in order to tackle…

Read more at ambcrypto.com

Dogecoin’s latest hike and why, perhaps, it’s more of the same

Dogecoin has been the subject of debate for far too long now. While there are those who support its use cases as a future, there are also those who view it as nothing more than a joke.

However, one thing that both of them can agree on is the fact that Dogecoin, in reality, will have its value only as long as it’s in the headlines. Once that stops happening, consider it done and dusted.

Dogecoin is rising… But why?

Yesterday, the well-known Shark, Mavericks owner, and recently-turned Dogecoin enthusiast Mark Cuban had a Twitter quarrel with Preston Pysh, a Bitcoin maximalist. According to some, the altercation may have resulted in DOGE climbing back up on the ‘trending’ charts. Needless to say, DOGEboys were hyped up too, with the result of the same clearly visible on the alt’s price movement.

At the time of writing the altcoin had risen by over 8% already, with the alt trading well in the green. 

Dogecoin price action | Source: TradingView – AMBCrypto

Now, there will be some who’d argue something else triggered the rise. But right now, Dogecoin has no particular reason to be climbing up the candles. Sure, its correlation to BTC is strong and close to 0.69, but…

Read more at ambcrypto.com

Cryptocurrency prices today: Bitcoin trading higher; Ethereum , Dogecoin, Stellar fall up to 7.51%

World’s largest cryptocurrency Bitcoin was trading marginally higher today. The price of Bitcoin rose 0.80% to $62,323 on Coinmarketcap. Market cap of the cryptocurrency reached $1,169 billion.

Currently, the global crypto market cap stands at $2.48 trillion, a fall of 0.42%. Other cryptocurrencies were trading on a mixed note.  

Ethereum lost 1.01% to $3,791 and Dogecoin was trading 7.51% lower at $0.2461.

Digital token Stellar fell 4.47% to $0.3723 and XRP declined 0.74% to $1.09. Litecoin gained 2.39% to $185.14 and Uniswap was trading 0.92% higher at $25.88.

Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC’s Cathie Wood. In late July, Elon Musk said Tesla was “most likely” to start accepting bitcoin as payment again. The comment helped the cryptocurrency race past the $30,000 level.

The electric carmaker said in May that it would no longer accept the cryptocurrency for purchases. It’s been a wild ride for bitcoin the last three years.

The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out Bitcoin futures. The attention drove Bitcoin to…

Read more at www.businesstoday.in

Top cryptocurrency prices today: Dogecoin, Binance Coin, Bitcoin zoom up to 7%

New Delhi: The cryptocurrency cart was trading mixed on Tuesday amid lack of cues. Half of the top 10 cryptocurrencies were higher at 9.30 hours IST, whereas the same number of tokens were trading in red. Dogecoin and Binance Coin rallied as much as 7 per cent.

The global crypto market cap inched up marginally, crossing the $2.5 trillion mark compared to the last day. However, the total crypto market volume increased 14 per cent to $99.62 billion.

Bitcoin hovered near six-month highs in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.



Analysts believe that Polygon (MATIC) could hit the $2 mark soon as it charts a pattern that’s starting to resemble a bull flag. Put simply, bull flags are bullish continuation patterns that show up when the price consolidates following a strong move higher, said Zebpay Trade Desk.

“A surge in the Polygon market appeared after Upbit, one of the largest South Korean crypto exchanges by volume, added MATIC pairs to its trading platform. Inflows into the asset have been on the rise, and institutional interests have peaked…

Read more at economictimes.indiatimes.com

These Dogecoin And Shiba Inu Knock-Offs Are Striking Major Gains Today, With One ‘Rabbit’ Coin Up 483% – Dogecoin – United States Dollar ($DOGE)

Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs such as Baby Floki (CRYPTO: BSC), Doge Dash (CRYPTO: DOGEDASH), Baby Saitama Inu (CRYPTO: BABAYSAITAMA) and Dogelon Mars (CRYPTO: ELON) are seeing strong gains as of Monday night.

Meanwhile, MoonRabbit (CRYPTO: MOONRABBIT), a bunny-themed coin, is the top gainer among cryptocurrencies during the last 24 hours, as per CoinMarketCap data.

What Happened: MoonRabbit is up 483.16% during the past 24 hours, trading at $0.000000000017 at press time.

The token has surged 488.68% against apex cryptocurrency Bitcoin and gained 498.73% against Ethereum.

Among the other knockoff coins, Baby Floki has gained 147.5% during the past 24 hours to $0.000000006614, while Doge Dash is up 81.45% during the 24-hour period to $0.0001745.

Baby Saitama Inu has surged 79.68% over 24 hours to $0.000000000445, while Dogelon Mars gained 69.39% during the 24-hour period to $0.0000004854.

For comparison, Dogecoin is up 2.9% during the past 24 hours, trading at $0.2463 at press time. Shiba Inu has gained 3.6% over the 24-hour period to $0.0000285.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: MoonRabbit’s strong…

Read more at www.benzinga.com

Stellar, Dogecoin & cardano — Asian Wrap 19 Oct

XLM price continues to pull back from the highs it made on Saturday. There are growing concerns regarding its ability to maintain its present momentum. XLM price has a very bullish set up on its $0.01/3-box Point and Figure chart. When XLM hit the $0.42 price level, that was the breach of the dominant bear trend angle on the Point and Figure chart. 

Dogecoin price has gained as much as 15% during the Monday sessions, outperforming nearly all significant cryptocurrencies. Roughly half of that gain has been retraced, but buyers show resilience in maintaining a stable trading range near the $0.25 value area. Dogecoin needs to close at or above $0.28 to begin a new bull run.

 

Cardano price has been a source of frustration for bulls and bears. Multiple setups and positions for bearish and bullish breakouts have been rejected, with the ultimate result being continued constriction in price action. Currently, the price action leans bearish, and it could trigger a fast test to some previous lows.

Read more at www.fxstreet.com

4 Top Stock Trades for Tuesday: Dogecoin, Z, COIN, NVDA

After a powerful finish to last week, stocks opened lower on Monday. However, they quickly flipped to positive territory shortly after the open and ahead of a busy earnings week. With that in mind, let’s look at some top stock trades now.

Top Stock Trades for Tomorrow No. 1: Dogecoin (DOGE-USD)

Breakout or fake out? So far, it’s the latter when it comes to Dogecoin (CCC:DOGE-USD). The cryptocurrency started off the day strong, rallying to a high of 27.24 cents.

The move came off the 200-day moving average, highlighting that this moving average still remains resistance just as it was earlier this month. Downtrend resistance (blue line) is still in play as well, even though Dogecoin temporarily pushed through this mark today.

The failed breakout is discouraging for bulls, but there is still promise. For instance, Dogecoin is still holding up around the 25 cent mark, along with the 10-day, 21-day and 50-day moving average, as well as the daily VWAP measure.

Below all of these levels could put 20 cents back in play.

On the upside, however, a move over the 200-day moving average opens the door to 30 cents or higher.

Top Stock Trades for Tomorrow No. 2: Zillow (Z)

Read more at investorplace.com

Dogecoin price attempts breakout while DOGE bulls eye $0.37

  • Dogecoin price gets a massive pump during the Monday trading session.
  • Buyers test key resistance zones ahead
  • Dogecoin needs to close at or above $0.28 to begin a new bull run.

Dogecoin price has gained as much as 15% during the Monday sessions, outperforming nearly all significant cryptocurrencies. Roughly half of that gain has been retraced, but buyers show resilience in maintaining a stable trading range near the $0.25 value area.

Dogecoin price looks for a 58% gain as bulls target $0.37

Dogecoin price has one of the most potent multi-top setups on its $0.005/3-box reversal Point and Figure chart: the triple top. The hypothetical trade setup is a buy stop order at $0.28 with a stop-loss order at $0.26. The vertical profit target method in Point and Figure analysis gives a hypothetical profit target at $0.37.

$0.005/3-box Reversal Point and Figure Chart

Dogecoin price has two primary resistance levels it needs to close above on the daily chart to continues its present momentum. The first is the weekly Tenkan-Sen and 61.8% Fibonacci retracement at $0.26. The second is the top of the daily Cloud (Senkou Span B) at $0.27.

DOGE/USDT Daily…

Read more at www.fxstreet.com

2 Reasons to Sell Dogecoin

Dogecoin (CRYPTO:DOGE) exploded in 2021, jumping over 4,000% year-to-date. But at $0.24 per coin, prices are down roughly 68% from their all-time high of $0.74 reached in May. And more downside could be on the horizon as the meme cryptocurrency grapples with poor fundamentals and a lack of real-world use cases. Let’s dig deeper to find out why it might be time for investors to jump ship. 

A purely speculative asset

Cryptocurrencies generally struggle to achieve real-world usefulness because of their volatility and novelty, which often make them incompatible with existing financial infrastructure. Dogecoin faces these challenges to a much greater degree than many of its rivals. 

Image source: Getty Images.

Founded in 2013, Dogecoin aimed to satirize the wild speculation that tends to drive cryptocurrency valuations. Like Bitcoin, it uses a proof-of-work consensus mechanism whereby transactions are validated and new coins are minted by solving puzzles in a process called mining. 

However, unlike Bitcoin, Dogecoin doesn’t enjoy a first-mover’s advantage or the burgeoning social trust of its larger rival, and its meme-ish reputation…

Read more at www.fool.com

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