Dogecoin (DOGE) price prediction for November 2021

Dogecoin (DOGE) price prediction for November 2021
фото показано с : invezz.com

2021-11-3 19:02

The Dogecoin (DOGE/USD) had a relatively mixed October as cryptocurrency prices rebounded. The token jumped by about 70% from October 1 to October 28th. It then declined by more than 20% from its highest level during the month.

Shiba Inu passes Dogecoin

Dogecoin is a cryptocurrency that was started as a joke a few years ago. The coin then spent years behind the scenes. Not many people knew about it until early this year when Elon Musk started tweeting about it.

Today, Dogecoin has become one of the most popular cryptocurrencies. It has also grown in size and become the 10th biggest cryptocurrency in the world. It has a total market capitalization of more than $36 billion, making it bigger than some of the best-known companies in the world. For example, it is bigger than Delta Airlines and Archer Daniels. 

Dogecoin came into the spotlight in October as the so-called meme coins surged. The rally started when Elon Musk sent a tweet about his dog, Floki. The tweet led to a frenzy in the meme coin industry. 

The best performer became Shiba Inu, a coin that was launched a few months ago. It jumped sharply and managed to overtake Dogecoin. It is now valued at almost $40 billion. This is notable since Shiba Inu was started with the goal of being an alternative to Dogecoin.

Meanwhile, Elon Musk confirmed that he did not own any Shiba Inu. Instead, he owns only three cryptocurrencies including Dogecoin, Bitcoin and Ethereum. Musk is an important person in crypto because of his net worth, which is more than $315 billion.

In November, focus will remain on the so-called meme coins and whether they will continue the bullish run. History suggests that these coins will likely have a small pullback as investors rush to take profit. So, what next for DOGE price in November?

Dogecoin price prediction

The four-hour chart shows that the Dogecoin price has been under pressure lately as investors rush to take profit. As a result, the coin has fallen to the 25-day and 50-day moving averages while the MACD has managed to drop below the neutral level. It has also formed a descending channel pattern that is shown in black. 

This channel resembles a falling wedge pattern. As such, I suspect that the DOGE price will bounce back as investors target the all-time high of $0.3392. On the flip side, a drop below $0.25 will invalidate the bullish view.

The post Dogecoin (DOGE) price prediction for November 2021 appeared first on Invezz.

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Dogecoin (DOGE) на Currencies.ru

$ 0.3881 (+1.44%)
Объем 24H $8.51b
Изменеия 24h: 0.86 %, 7d: -1.71 %
Cегодня L: $0.3729 - H: $0.3881
Капитализация $57b Rank 7
Цена в час новости $ 0.2741 (41.59%)

october dogecoin doge declined 28th level month

Источник: invezz.com

october dogecoin → Результатов: 52


Фото:

Michael Saylor shares his sentiments on Shiba Inu and crypto regulation

Michael Saylor, MicroStrategy’s CEO, has nothing to say regarding the battle between Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD). He shared his neutral opinion on the meme coins during an interview on October 30, saying he does not have an opinion on one dog-themed coin over the other, adding that he stays in his lane, which […] The post Michael Saylor shares his sentiments on Shiba Inu and crypto regulation appeared first on Invezz.

2021-11-3 17:04


Илон Маск: Никто из моих знакомых не связан с Dogecoin Foundation

CEO Tesla Илон Маск опроверг заявления организации Dogecoin Foundation о причастности к ней руководителя его семейной инвестфирмы Джареда Бирчалла. Neither Jared, nor me, nor anyone I know has anything to do with this foundation — Elon Musk (@elonmusk) October 24, 2021 Основанная в 2014 году Dogecoin Foundation со временем прекратила существование, пока не возобновила деятельность […]

2021-10-25 08:58


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American Cinema Giant AMC Theatres Now Accepting Dogecoin (DOGE) for Its Gift Cards

AMC Theatres has announced that dogecoin (DOGE) and other cryptocurrencies are now accepted payment options for its digital gift cards, according to a tweet on October 6, 2021. Dogecoin  for Gift Cards AMC Theatres, America’s largest movie theatre chain, has taken a major leap forward in its ambition to fully make bitcoin (BTC) and altcoinsRead More

2021-10-6 17:00


Фото:

Dogecoin Sees Massive Rally—What’s Next?

After a one-year-long period of consolidation, the Dogecoin (DOGE) price finally broke out on July 7. It initially increased by 100% in less than two days but has retraced slightly since. DOGE Breaks Past Resistance The DOGE price had been following a descending resistance line since October 2019, when the price reached a high of […] The post Dogecoin Sees Massive Rally—What’s Next? appeared first on BeInCrypto.

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