Dogecoin, the leading indicator for alt season?
The eight-year old altcoin seems to be a bellwether for altcoin rallies every time it pumps. Dogecoin (DOGE) has been the poster child of altcoins for a very long time, particularly as it's been around since 2013, making it one of the oldest cryptocurrencies in existence. The inflationary meme-coin quickly became synonymous with wild price pumps due to its small nominal value and concentrated holdings.Doge starts altseason by the way in case you've forgot.— BIG DOG (@MoonOverlord) April 16, 2021 Such unprecedented short-term price rallies history caused some investors to use DOGE price as....
Related News
Dogecoin rally sparks speculation about the arrival of alt season as Ether celebrates its eighth-straight day reaching a new high. The cryptocurrency market awoke to the sight of Dogecoin (DOGE) price surging to as high as $0.69 in the past two days, leading many to wonder if the recent performance of the world's most popular meme token is now the leading indicator for the arrival of alt season. Long-time crypto fans mark the fourth of May as a special day for the Bitcoin community as a whole for being the birthday of one of the earliest known supporters of the Bitcoin network Hal Finney,....
English Premier League football players with the Watford Football Club are now wearing the logo representing the meme cryptocurrency dogecoin for the 2021-22 season. The team wore the image for bitcoin in the previous season. Dogecoin Promotion at English Premier League Matches The players of the Watford Football Club, an English professional football team based in Watford, Hertfordshire, are wearing the dogecoin logo on their sleeves. The team plays in the Premier League, also called English Premier League or the EPL, the first tier of English football. The Athletic publication reported....
Dogecoin price dropped from around 49 to 40 satoshis on Hitbtc earlier today. It seems that the drop in dogecoin price is ignited by the bitcoin price rise, as altcoin holders are dumping their coins in exchange for bitcoin. By studying the 4 hour Bitfinex (DOGE/BTC) chart from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can notice the following: The long downwards shadows of the candlesticks on the 4 hour charts reflect the resistance facing dogecoin price as it attempts consolidating below the 52 satoshis support level. The....
Is the alt season back? A rising positive outlook could be pushing markets into a risk-on sentiment as altcoins seek to make a lasting impact on the industry. A new alt season is here — at least, according to some crypto industry commentators. Over the last month, altcoins — aka cryptocurrencies that aren’t Bitcoin (BTC) — have surged in price, with projects such as Solana, Cardano and Polkadot seeing their tokens triple in value. However, though people are screaming “alt season” with an air of familiarity, the industry is still very much exploring uncharted territory.The Cointelegraph....
Because Bitcoin is the first ever cryptocurrency, it often has a cult-like following of investors who won’t touch an altcoin no matter the potential ROI or promise behind the technology. But the recent alt season has investors in profit from the bull run converting BTC into other coins in search of better performance. After such an incredible run by assets like Ethereum, Cardano, Solana, Dogecoin, and several others, and the fact Bitcoin is building momentum, the expectation is now that BTC dominance will soon reverse, and altcoins will see some reckoning as a result. However,....