Why The DOGE Price Rally Could Foretell An Altcoin Season
The DOGE price action brings reminisces of the 2021 bull run to crypto traders and market participants. The meme coin is trending to the upside, supported by the Elon Musk Twitter takeover. The billionaire purchased the social media for over $40 billion, and the market expects Dogecoin to play a role in its future. Related Reading: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead? At the time of writing, the DOGE price stands at $0.13 for the first time since May 2022. The meme coin records a massive profit of 56% in the last 24 hours and 121% over the previous seven days. The....
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The Dogecoin (DOGE) price has had an incredible weekend. Following Elon Musk’s confirmed Twitter acquisition, the DOGE price jumped 95% over the last seven days. The memecoin exploded to over $0.14 at times and is currently sitting at about $0.11. Musk’s gigantic influence on the DOGE price is an old acquaintance for the crypto market. Over the past few years, the Tesla and SpaceX CEO kept moving the price with his statements. But since the Twitter acquisition, he has gone quiet. Musk has not mentioned Dogecoin since the deal was closed. Related Reading: Dogecoin Continues To....
DOGE’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.088 with eyes set on $0.1. MATIC could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $1. KLAY’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The top 3 altcoin performers for the week have been MATIC, DOGE, and KLAY, considering how these altcoins held their key support and showed resilience in the early part of....
Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we’re not in an "alt season" just yet. Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an "altcoin season." A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin.Typically, traders rely on a wide swath of indicators and metrics, like Bitcoin’s total market capitalization versus the total altcoin market....
The crypto market seems to be astonished by yesterday’s season. Dogecoin (DOGE) threw every fundamental out of the window and smashed its way to the 5th position in the crypto top 10 by market cap. DOGE is trading at $0,27 with 20.6% losses in the daily chart. DOGE reached an all-time high of $0,50 after […]
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....