Dogecoin (DOGE) price down 10% as pullback continues

Dogecoin (DOGE) price down 10% as pullback continues
фото показано с : invezz.com

2021-2-3 18:07

Dogecoin (DOGE) price is trading over 10% lower today as the retreat from the highs continues.

Fundamental analysis: Bitcoin and WallStreetBets have the same goal, according to Max Keiser

American broadcaster and Bitcoin supporter Max Keiser said the much-discussed Reddit forum WallStreetBets (WSB) is similar to Bitcoin as both seek to take advantage of a corrupt financial system.

WallStreetBets has been one of the most discussed topics on Wall Street over recent weeks. The Reddit community is a group of retail investors that have been collectively boosting share prices of companies like GameStop and AMC Entertainment, causing hedge funds to lose millions of dollars.

Keiser said Bitcoin and WSB are much more similar than one would realize at first glance.

“The idea is to find an exploit in the corrupt system and swarm on it,” he said. 

However, he also pointed out a major difference between the two.

“The reason WSB, Reddit, and SqueezeSilver should focus exclusively on Bitcoin is that Bitcoin is the best, hardest money ever and once it drives fiat money out and becomes the global standard, we’ll see a permanent, societal change where central bankers and the poverty and violence they promote are erased from our lives,” Keiser added.

Keiser said this will be a step-by-step transformation given that all roads lead to the top cryptocurrency as the greatest “short-squeeze in a world swimming in negative interest debt and worthless fiat paper backed by nothing but violence, spectacle, and cheap celebrity-economist propaganda.”

Technical analysis: WSB frenzy slowing down?

DOGE price is down about 10% as buyers fight to stay above the $0.03 mark. The digital asset lost over 6% in value yesterday after DOGE traded nearly 1,000% higher at one point last week.

DOGE hourly chart (TradingView)

We might see an acceleration in the downtrend this week with the first major support located around $0.022. Looking lower, we also have $0.014, which marks the zone where previous highs are located. On the upside, the area around $0.035 is now resistance. 

Summary

Keiser Report host Max Keiser said Bitcoin and the popular Reddit community WallStreetBets are actually very similar as both are attempting to find an exploit in a corrupt financial system. In the meantime, the DOGE price has continued to retreat. 

The post Dogecoin (DOGE) price down 10% as pullback continues appeared first on Invezz.

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Bitcoin (BTC) на Currencies.ru

$ 95747.39 (+0.36%)
Объем 24H $41.136b
Изменеия 24h: -1.47 %, 7d: -7.03 %
Cегодня L: $95217.68 - H: $97458.26
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Цена в час новости $ 35860.75 (167%)

continues dogecoin doge price bitcoin keiser max

Источник: invezz.com

continues dogecoin → Результатов: 61


Dogecoin’s 60% growth over Q2 proves it should be taken seriously – here’s what happened

Dogecoin has been in development since 2013. Its original creators, Billy Markus and Jackson Palmer, wanted to create a cryptocurrency that wasn’t as stuffy or boring as Bitcoin. They wanted to create a digital coin that was fun, in the hope that it would appeal to a much broader audience than conventional cryptocurrencies like Bitcoin.

2019-8-2 16:44


Dogecoin Price Prediction 2019: Doge network is actively used but price leakage continues (Early May Update)

Early May Update: Technicals DOGEBTC has broken a long-term bullish trendline on the weekly chart and the price currently rests at the 45 sats zone, a newly formed horizontal support line. There is a clear symmetric triangle formation on the weekly chart, which usually forms during a trend as a continuation pattern.

2019-5-5 15:22


TNW Answers’ best cryptocurrency and blockchain insights from 2018

Blockchain is brand new technology. Not only is it mostly untested, but the implications and use-cases of distributed ledger technology still aren’t fully realized, let alone understood. With our regular TNW Answers sessions, we’ve given leaders and disruptors of decentralized tech a platform to discuss and explore the bleeding-edge of the industry.

2019-1-3 15:00


Фото:

Dogecoin Price Uptrend Continues Through Minor Gains

When it comes to different cryptocurrencies, Dogecoin is always doing its own thing. It is not a very valuable currency per coin, but it tends to buck market trends like no other. Today is no different in this regard, as it continues to note some solid gains in USD value, yet lost some value over […] The post Dogecoin Price Uptrend Continues Through Minor Gains appeared first on NullTX.

2018-12-13 23:15


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