The Two Signals That Say Dogecoin Holders Are In For “Much Ow”
Dogecoin is the hottest crypto of 2021, taking a major bite out of Bitcoin and Ethereum’s gains this year. These astronomical numbers the altcoin has done this year has sucked in more and more investors. However, anyone who didn’t have their DOGE bags packed previously could be in for some pain instead of “much wow.” […]
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“Such Wow.”, “Much happy.” These are the sort of short, strange yet amusing, and grammatically-incorrect sentences that have captivated thousands of online users. Normally accompanied by a photo of ‘Doge’ (an internet meme derived from a photo of a surprised Shiba Inu dog), the legend of Doge is still gaining ground and followers are flocking to its cause. Then as coincidence would have it (or maybe it was a simple eventuality waiting to happen), the meme was transformed and was given it’s own cryptocurrency. At this current point in time, Dogecoin is valued at around US$0.48 per 1000 doge....
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....
Dogecoin Hack. BBC News and Technology, an extremely reliable news site, is reporting that hackers have attacked the Doge Vault, leading to a 'Temporary Shutdown'. The Doge Vault is a site that many Dogecoin holders choose to hold their Dogecoin crypto currency. Doge Vault has issued a statement seeking to reassure holders, they go on to state that they took the decision to temporarily close the site when they noticed people 'tampering' with funds in wallets they were holding. They are currently said to be assessing the effects of the attack and the losses, if any, to Dogecoin holders.....
Popular meme coin, Dogecoin, has welcomed new holders into its ecosystem within the past three months. As per data from CoinMarketCap, the number of Doge holders has increased by about 2% from its July 24th number. While the coin has enjoyed increased investors, it hasn’t reflected in its price movement. It seems most investors are dormant whales banking on future bullish news, such as Twitter’s acquisition or other blockchain upgrades. Related Reading: Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong Dogecoin Investors Spike: The Numbers Dogecoin has enjoyed....
A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Related Reading: Dogecoin Poised for a 150% Surge? Key Price Levels to Watch Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders....