Ali Raza
After a massive rally last week that saw DOGE rallying to $0.15, the meme coin is now cooling off, having gained by less than 1% in the last 24 hours. At the time of writing, DOGE was trading at $0.129.
Dogecoin price analysis
Dogecoin’s volatility has been low over the past 24 hours, as the coin has traded between $0.12 and $0.13. The meme coin has gone back to mimicking the movement of the broader market, with the global market cap dropping slightly today.
Dogecoin’s trading volumes over the past 24 hours stand at $4.4 billion, according to Coingecko, which is a notable decline. If the bears continue taking control, DOGE will likely test $0.11 again.
Dogecoin’s Relative Strength Index stands at 36, showing high selling pressure. The speculative traders that bought during the bull run are currently selling, which could result in DOGE dropping lower and possibly going below $0.10.
However, the social sentiment surrounding this meme coin is still bullish, allowing the price to hold above $0.10 and possibly decouple from the broader market to rally past $0.15 again.
DOGE payments on Twitter
Twitter Blue has gotten pricey since Elon Musk announced that users would have to pay $8 monthly to maintain their blue checkmark. The Dogecoin community expects Musk to have DOGE as one of the supported payment methods, which explains the recent rally.
One crypto analyst has already supported this narrative, pointing to Binance’s recent launch of the “Bluebird index” comprising BNB, DOGE, and MASK. Binance invested $500M to help Musk buy Twitter.
Three altcoin alternatives to buy
Presales are historically known to deliver major gains to investors. If you want to diversify your portfolio, here are some of the best presales to consider.
The Dash 2 Trade presale has raised more than $4.4 million. Dash 2 Trade is a platform that supports crypto traders in making informed investment decisions. The D2T token has already secured its first CEX listing on LBank once the presale ends.
The other is the IMPT presale, which has raised more than $12 million since it started early last month. IMPT.io is a green project seeking to transform the carbon credits markets through blockchain technology.
The third presale to consider investing in is for Calvaria (RIA). Calvaria is a blockchain gaming project seeking to bring traditional and blockchain gaming together. The RIA presale has raised over 1.2 million USDT.
Related
- Where to Buy Dogecoin 2022 – Beginner’s Guide
- Dogecoin Price Prediction 2022 – 2025
- Dogecoin Price Forecast – Why There’s No Reason to Expect Rally to End Soon Despite Pull Backs
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Ali Raza.
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