Dogecoin up by 120%. What’s in store for traders?

Dogecoin up by 120%. What’s in store for traders?
фото показано с : zycrypto.com

2021-1-7 20:23

Dogecoin has been in the crypto market for some time now and whilst it hasn’t really tried to distance itself from its ”meme” status, it has previously shown glimpses of hope. As such, the digital coin has remained one of the famous coins in the crypto market and has maintained its status as an option for any crypto portfolio. The digital coin looks set to take on this year as it has already seen a significant rise in its value over the past 48 hours. 

Dogecoin on January 2, saw an unprecedented rise in its value surge over 120% within 24 hours and has continued that remarkable form by seeing a 125% increase in value. The current spike in price is being linked to Bitcoin’s price explosion by experts and its history of having the capabilities to deliver returns like the top coins, has drawn the attention of the crypto space. 

DOGEUSD Chart By TradingView

The technicalities of the surge aren’t talked about much as many experts have attributed the surge to endorsements from household names in the financial scene. Elon Musk, CEO of Tesla Inc talked about the digital coin in a tweet he posted on Twitter. Elon Musk also jovially stated that he was the former CEO of Dogecoin, giving Dogecoin a boost. Adult film star, Angela White also in a tweet on January 1 2021 revealed that she’s been a Dogecoin investor since 2014. The tweet came just hours before the beginning of the surge. 

Dogecoin has stood on its grounds against Bitcoin as it records a 95% daily ROI against Bitcoin, while the latter is in a form of its life after a 10% spike in its price this year, pushing it above the $33K mark.

Over the years, an unprecedented rise in the price of Dogecoin has been a giveaway to the start of an altcoin season in the crypto market. Occasional spikes in the price of Dogecoin has coincided with a subsequent rise in the value of the altcoin market. In July 2020, Dogecoin gained over 150% in value in just over 48 hours, taking its price from $0.0022 to $0.0055.

Dogecoin Chart Via Coin360

Bitcoin’s market dominance was slashed by 10% just two months following Dogecoin’s surge, an indication that altcoins were putting up performances and gaining value. Bitcoin’s dominance now stands at a high of 70% amid its impressive bull run for a couple of months now. While Dogecoin’s past performance isn’t an indicator of future behavior, it is worth noting that a surge in its price, coupled with a consolidation of Bitcoin’s price could be a sign of an imminent altcoin season. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Status (SNT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0436822
Капитализация $0 Rank 99999
Цена в час новости $ 0.0773079 (-100%)

status crypto dogecoin market option glimpses shown

Источник: zycrypto.com

status crypto → Результатов: 126


Dollar Index Fractal Suggests An Incredible Altcoin Season Is On The Horizon

Bitcoin and altcoins are directly opposed to fiat currencies, typically offering a hard-capped supply while the dollar and others can be printed with no limit. That constant printing throughout 2020 has left the greenback with its back against the wall, facing off against gold, crypto, and other nation’s currencies to maintain its global reserve status.

2020-10-9 18:00


BTCPay Server Update Streamlines Refund Process; Adds Notification for Payment Status

The open-source bitcoin payment server BTCPay Server introduced a new system update called Update 1.0.5 on Friday. The updated aim is to ease the interaction between the server and the merchant. This update would make it easier for the merchants to manage their crypto transactions on their website. The latest update brings a set of […]

2020-6-30 19:13


This Simple Indicator Shows Bitcoin Could be Poised for a Major Bounce

It has been a rough past few days for Bitcoin (BTC) and the aggregated cryptocurrency market, with the benchmark crypto’s ongoing downtrend leading most major altcoins to see capitulatory selloffs. This bout of significant downside is occurring against a backdrop of bearishness within the global markets, and BTC’s confirmed status as a “risk-on” asset seems...

2020-3-10 00:00


Status V1 goes live combining ethereum wallet, browser, and messenger

Status, a secure communication tool combining P2P messenger, crypto wallet, and Ethereum-enabled browser into a single mobile app for both iOS and Android is now live with version 1.0 (V1). While the core mobile application is no longer the sole focus of the Status Network, it is still integral to the Status mission of a […] CryptoNinjas: Status V1 goes live combining ethereum wallet, browser, and messenger

2020-2-13 17:49


Фото:

National Crypto Rupee Proposed in Indian Draft Blockchain Strategy

Just a week after the Reserve Bank of India confirmed legal status for crypto currency, a draft national strategy on blockchain has called for an official digital rupee. India to Advance in Blockchain Tech According to reports, the National Institute for Smart Governance (NISG) has submitted a draft strategy on blockchain for stakeholder comments which will help define the ecosystem for distributed ledger technology and crypto in India.

2020-1-29 08:30


Фото:

Tax Evasion with Cryptocurrencies Could rise due to De Minimis Exemption

While calls continue for a lenient crypto tax regime, one commentator says a ‘de minimis’ exemption status for virtual assets will encourage Bitcoin tax evasion, reports Law 360. Crypto Tax Evasion Will Become Commonplace According to Law360, Omri Marian of the University of California’s Irvin School isn’t in support of a de minimis tax exemptionRead MoreRead More.

2019-11-21 00:00


U.K. recognizes cryptocurrencies as ‘tradable property’

A specialized task force of senior judges and lawyers in the U. K. has recognized crypto-assets as “tradable property” under English law. The 46-page legal statement, which clarified the status of cryptocurrencies, blockchain technology, and smart contracts, is the country’s effort to reintroduce confidence to the British crypto market.

2019-11-20 23:00


Maker Price Analysis MKR / USD: Positive Dynamics

Maker has a bullish short-term and medium-term trading outlook The four-hour time frame shows a large inverted head and shoulders pattern The daily time frame shows an even larger inverted head and shoulders pattern Maker has seen a rapid change to its short and medium-term trading status, with the cryptocurrency adding over 25% to its […] The post Maker Price Analysis MKR / USD: Positive Dynamics appeared first on Crypto Briefing.

2019-11-19 20:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin Whales Just Went On A 700 Million DOGE Shopping Spree

On-chain data reveals the Dogecoin whales have participated in a significant amount of net buying during the last three days. Dogecoin Whales Have Seen Their Holdings Rise Recently As explained by analyst Ali Martinez in a post on X, DOGE whales have just shown a large amount of accumulation. The on-chain metric of interest here […]

Buy Dogecoin Now? Analyst Believes DOGE Is Primed For A Surge

In an analysis shared via X, crypto analyst Ali Martinez elaborated on the ongoing price correction of Dogecoin (DOGE), positing that it is a consistent precursor to major bull runs, drawing on historical patterns to forecast future price movements.

Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks

An analyst has explained how a pattern forming in the Dogecoin price may suggest a rally to $1, if historical trend repeats this time as well. Dogecoin 1-Week Price Appears To Be Forming A Classic Pattern In a new post on X, analyst Ali has discussed how DOGE seems to have been showing a classic pattern in its weekly price once again.

Dogecoin Whales Moving Around Massive Amounts: What Are They Up To?

On-chain data shows that the Dogecoin whales have recently made massive moves. Here’s where these moves have been heading. Dogecoin Network Has Witnessed Some Large Moves Recently According to data from the cryptocurrency transaction tracker service Whale Alert, some large DOGE moves have been spotted on the blockchain within the past few days. The moves […]

Dogecoin Whale Takes $52.3 Million In DOGE Off Binance, Sign Of Buying?

On-chain data shows a Dogecoin whale made a large withdrawal from Binance today, which may be bullish for the memecoin’s price. A Large Amount Of Dogecoin Has Left The Binance Platform In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Dogecoin blockchain during the past day.