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.
In what was a crazy month for investors, both in Wall Street and in cryptocurrencies, one of the highlights was the Reddit-inspired price pump of meme cryptocurrency Dogecoin. After a 1,000% overnight pump, the price crashed recently, leading to millions of dollars’ worth of losses for some.
Is Dogecoin heading to the moon, or is it a pump and dump? If you're unfamiliar with the idea of Dogecoin "heading to the moon," the term has been a rallying call for efforts to get the cryptocurrency to $1 in value. At its current price, Dogecoin has a long way to go.
"I would expect doge to grow in tandem with the rest of the rapidly growing crypto market, though it will likely have long periods of flat price action followed by violent speculative pumps like we've seen in the past," said panel member Forrest Przybysz, senior cryptocurrency investment analyst at crypto researcher Token Metrics.
This week, the altcoin named after an internet meme, Dogecoin, went viral on social platform TikTo k. Users of the platform tried to get a hashtag challenge trending in order to pump the coin. However, these new investors unsure if Doge is a stock or an altcoin have now learned the hard way what a crypto dump is.
Tough day in crypto trading yesterday as Bitcoin dropped and most cryptos followed ... I cover the affect on Dogecoin and where ...
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