Fundamentals go Out The Window, $1 Dogecoin incoming?
The 24-hour performance of Dogecoin sees 80% gains, making it the best performing token in the top 100. What began as a project to poke fun at an overly serious industry has turned into something quite serious. Based on this week’s rally, calls for a $1 DOGE grow louder. But considering its infinite supply and […]
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Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom. Dogecoin Price Might Have Bottomed After Crash Crypto analyst Astronomer has called a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that....
The DogeOS team has revealed a new partnership between Dogecoin and Bitcoin, which is bullish for the meme coin’s ecosystem. Notably, this comes amid other bullish fundamentals such as the imminent launch of the first Dogecoin ETF. DogeOS Announces Partnership Between Dogecoin and Bitcoin In an X post, DogeOs stated that for the first time, […]
Year-to-date gains for Dogecoin come to over +6,000%, making it significantly more profitable than Bitcoin, which is up a comparatively paltry 88% over the same period. Most view this as generally positive for crypto, not least in the fun and charitable sense. However, given the lack of fundamentals underpinning DOGE’s price, the fallout could be […]
Bitcoin bull Mike Novogratz’s company, Galaxy Digital, has analyzed dogecoin and concluded that “despite its deficiencies, dogecoin has remarkably strong fundamentals and powerful forces supporting its rise.” Novogratz admitted that he had been too bearish on the cryptocurrency. Dogecoin Should Not Be Ignored, Says Galaxy Digital Galaxy Digital Research published a report on Tuesday entitled “Dogecoin: The Most Honest Sh*tcoin.” The report outlines the history and progress of Dogecoin, noting that its appeal “has always been its honesty.” The....
Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....