Fiat food? Bitcoin Big Mac Index crashes below 10,000 satoshis for the first ...
The Big Sats Index reveals that a single McDonald's burger now costs less than 10,000 satoshis — cheaper than ever before. Gold may buy less and less Bitcoin (BTC) this year, but another measure of the cryptocurrency's strength has just hit a historic milestone.Data from on-chain analytics service Ecoinometrics shows that on March 17, the so-called Big Sats Index saw a United States McDonald's Big Mac cost less than 10,000 satoshis for the first time.Bitcoin vs. fiat: Hard to digestThe Big Sats Index measures how much a Big Mac costs based on the famous Big Mac Index from The Economist.....
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The contraction in Dogecoin has reached a whole new level. Earlier, the price was oscillating between 50-52 satoshis, before being clipped to 50.8-51.9 satoshis. However, April seems to have brought out the tightest possible range - 50.8-51.2 satoshis. Each Dogecoin is currently worth 50.9 satoshis. The 240-minute Dogecoin/BTC price chart has been technically analyzed below to determine what is causing the pressure on the cryptocurrency and the key levels to look forward to. Moving Average - The Dogecoin price is facing stiff resistance near the 20-4h simple moving average of 51.2....
Key Highlights. Dogecoin managed to clear a major resistance of 46.9 Satoshis to trade close to 50.0 Satoshis. A pullback from the current levels (49.9 Satoshis) might be seen as a buying opportunity. The technical indicators such as MACD and RSI are pointing towards more gains in Dogecoin after it breached 49.6 Satoshis. The hourly chart of Dogecoin/Bitcoin shows that sellers struggled to keep prices lower, and as a result it tested an important area of 50.0 Satoshis. As can be seen from the chart that the price settled above 46.9 Satoshis, and heading towards the last swing high of 50.6....
Dogecoin is still trapped in a very tight range; continuously vacillating between 50.2 Satoshis and 52 satoshis as the buyers and the sellers test each others' patience. Such prolonged constriction also suggests that the big players may be staying on the sidelines and waiting for a trigger to get back into action. Each Dogecoin is currently worth 50.8 Satoshis. I have presented above the 240-minute Dogecoin/BTC price chart and overlaid a couple of technical indicators to estimate the future price movements. Here are some interesting revelations from that: Bollinger Bands Support - As can....
Dopecoin. Earlier this month, a Dopecoin price rise took investors on a wild into the upper echelons of the market cap charts. However, the past week has brought a dramatic price decrease to Dopecoin. Is the marijuana-themed coin just on a bad trip, or is this a symptom of a larger trend? Also Read: CannabisCoin Price Sobers Up after Yes We CANN Event. Dopecoin Price on a Bad Trip. On October 14, the Dopecoin price got high-fast-, spiking from 14 to 301 satoshis. But this rapid Dopecoin price increase was unsustainable. By the next day, the Dopecoin price had crashed back to 114 satoshis.....
The contraction in Dogecoin channel has limited the price movement from 46.6 satoshis to 48.3 satoshis - much narrower than the previous range of 46.6-50 satoshis. I had discussed the possibility of the consolidation extending earlier because neither of the parties is willing to exert force. The current value of each Dogecoin is 47.9 satoshis. Analysis of the 240-minute Dogecoin/Bitcoin price chart supports my earlier view that the consolidation may prolong. Bollinger Bands - The latest price contraction has witnessed Bollinger Bands playing a crucial technical role. As is evident from the....