Dogecoin: Will it Dodge the Crypto-currency Market Trend?
What started as a twitter joke which the creators, Jackson Palmer and Billy Markus, thought would “fade out within a few days” is on its way to becoming the next big Internet sensation or will it become another bubble caught in a whirlwind boom? Within an odd six to seven months, the market cap of Dogecoin has reached $100 million. So what is the reason behind it’s success. Dogecoin is getting community support in a way which other crypto-currencies have been unable to achieve. People seem to ‘click’ instantly when it come to Dogecoin. Its relationship with meme fueled its initial growth....
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The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves.
David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’
David Dodge, the former seventh governor of the Bank of....
The crypto market has been on a recovery trend and with it have been digital assets like Dogecoin and Shiba Inu. Both assets had touched points they hadn’t seen in months following the crash but have since recovered some of their lost value. To be clear, Dogecoin and Shiba Inu are still a long way […]
As the crypto market suffered major losses due to the bear season, meme coins were not left out. These tokens which are often created in line with memes on the internet saw their cumulative market cap drop by $3.2 billion in 2023. This decline has paved the way for possibly buying these highly popular tokens at what could be considered a discount. Dogecoin (DOGE): King Of The Meme Coins Dogecoin (DOGE) has managed to retain its title as the king of the meme coins over the years but that has not helped the altcoin to dodge the bloodbath. Despite starting out the year 2023 strong and trading....
Dogecoin witnessed a significant growth trend in 2021. This remarkable feat connects to the influence of Tesla’s CEO and billionaire, Elon Musk. The billionaire has remained a prominent proponent for Dogecoin, and his position could either increase or decrease its price movement. Most crypto assets took to the south during the recent bearish trend in the crypto market. This brought considerable losses in value for most of them. In addition, Dogecoin, the largest and leading meme cryptocurrency, also recorded a downward movement. Related Reading: Dogecoin (DOGE) Price Manipulated By....
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....