Crypto traders are eagerly acquiring DOGE with the optimistic expectation that the token will assume a more significant role on Twitter, following the platform's recent rebranding as the all-encompassing 'everything app' X on Monday.
With a dearth of positive news, a seasoned analyst highlighted the potential for Bitcoin to reach the $27,000 mark in the near term.
A technical analysis indicator named Bollinger bandwidth indicates that the tranquil period of Dogecoin may come to an abrupt conclusion, with a significant movement expected in either direction.
Is it worth investing in Dogecoin? Sure, Dogecoin is a standout cryptocurrency. It’s one of the only projects made entirely as a joke, only to see some sort of success. Plus, Dogecoin is also one of the oldest projects in existence. However, because there isn’t much of a unique use case here, Dogecoin is arguably not going to last.
Dogecoin Average transaction fee, USD Chart. Dogecoin Avg. Transaction Fee historical chart Average transaction fee, USD | 1.43 DOGE ($0.187) 0.0026 DOGE/byte
Dogecoins were worth about 15 cents each as of Friday. REUTERS The top boss at Robinhood is bullish about dogecoin’s outlook — proposing the meme token has the potential to become the “future currency of the internet” if the developers take a key step to improve its functionality.
Thus, Dogecoin’s only value is as a cryptocurrency. Yet there appears to be no use for Dogecoin except as a secure storage mechanism for money. Even that use is questionable because Bitcoin offers a similar product that can be used for some commercial transactions.
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