John IsigeDogecoin price has been unchanged over the last 24 hours and trading at $0.074 during the United States session on Tuesday. In the last seven days, the meme coin has performed better than expected, with 4% in cumulative gains.
DOGE holds the eighth spot, boasting $10.22 billion in market cap. Over $368 million in trading has been reported by CoinGecko in 24 hours. Buyers may be eyeing a lower-price DOGE before putting all their weight behind the largest meme coin.
Education Secretary Gillian Keegan’s Account Hacked to Promote Dogecoin
A Twitter account belonging to the current United Kingdom’s Education Secretary, Gillian Keegan, has been hacked. A photo of the Twitter CEO, Elon Musk, was used as the account’s profile picture. The hacker also added several tweets promoting a cryptocurrency event.
The member of parliament for Chichester’s Twitter account was used on Christmas Day to promote several cryptocurrencies, including Bitcoin and Dogecoin. An alert was raised on the same day but in the evening, saying the account’s security had been compromised.
All references and connections to the education secretary were wiped out on Monday. Some of the deleted details are her biography, banner and photograph.
In a reply by Keegan’s account on MrBeast, a YouTuber, the hacker said, “don’t let it get away! It’s gonna be awesome!” A link in the tweet promoted a “giveaway” in the crypto space.
The tweeting continued, this time replying to Musk’s tweet, saying, “thank you for another great year! This feels a lot like Christmas. Don’t miss guys!! BREAKING NEWS 4 Christmas.”
The hackers also described key people who hold DOGE, quoting Musk “a dogecoin warrior fighting for the future.”
Keegan’s account was hacked roughly a month after Sir Lindsay Hoyle, the Commons Speaker, encouraged the parliament members to beef up security on their accounts with multi-factor verification – update the software and delete older messages.
“You may not feel able to do everything on this list, but the more you do the less likely your personal information and mobile phone will be compromised, or the less damaging the consequences if you are hacked,” Hoyle told MPs.
The cases of account hacking have gone up despite Musk reaffirming his commitment to ridding the microblogging platform of false and spam users.
Dogecoin Price Analysis Ahead of The New Year
Dogecoin price consolidation between $0.0702 and $0.0795 comes after a gruesome sell-off in November and December. Investors dumped DOGE early last month amid the collapse of FTX exchange.
Although a recovery occurred in November’s fourth week, negative forces from within and outside the cryptocurrency snuffed out the bullish spark in December’s first and second weeks.
Cryptocurrency markets frowned upon the US Federal Reserve decision to hike interest rates by 0.5%. Declines spread across, ignoring the signal of inflation easing. Investors could wait to see how the Fed responds to market data in January before putting their feet down in the market.
Moreover, recovery remains a pipe dream for the crypto market in general due to the loss of investor confidence in the wake of FTX’s collapse. The fall of Sam Bankman-Fried’s exchange has continued to spread contagion across the industry, leading to liquidity crunches and an extended crypto winter.
Dogecoin price could be staring at another minor retreat from support at $0.0740 to a lower-priced level at $0.0700 to tap more liquidity to nurture a rebound. The Stochastic’s movement from the neutral area into the oversold region shows sellers have the upper hand.
On the bright side, the more DOGE becomes oversold, the closer it gets to a trend reversal. Therefore, bullish traders must be patient until the Stochastic oscillator lifts back into the neutral zone before firing up their buy orders.
Some of the signals to look for as Dogecoin price recovers could start with the meme coin stepping and holding above all the major moving averages, including the 100-day EMA (in blue at $0.0828), the 50-day EMA (in red at $0.0848) and the 200-day EMA (in purple at $0.0910).
Dogecoin price may mark the end of the downtrend with a break and hold beyond the falling trend lines (in dotted and continuous lines). From here, DOGE could lift to tag $0.1400 and $0.1800, respectively.
Dogecoin Alternatives to Consider for Year-end Portfolio Diversification
Dogecoin price rally could take longer to materialize, especially if support at $0.0700 gives in to selling pressure. However, investors may be interested in new crypto projects like Dash 2 Trade for portfolio diversification ahead of 2023. The selected tokens listed here are backed by solid fundamentals that could see them explode after listing on exchanges.
FightOut: More Than A Fitness App
FightOut (FGHT) is a Move-to-Earn (M2E) supported by a chain of global gyms. The blockchain platform aims at gamifying the fitness lifestyle for everyone to benefit – not just the gym owners.
Users on FightOut earn FGHT tokens by completing workouts and challenges. The team hopes to open up the metaverse to more people by allowing users to mint their own digital NFT avatars. The NFTs will be used in the metaverse and upgraded by finishing tasks or purchasing artifacts.
FightOut’s presale is underway and has raised over $2.4 million. For purchases made before the $5 million mark, the team is offering a 50% bonus.
Dash 2 Trade: A Crypto Analytics and Trading Platform
Dash 2 Trade (D2T) is a community-centric crypto ecosystem designed for the everyday trader – to provide trading signals. This world-class platform presents verifiable social sentiment and on-chain analysis using the latest technology in the industry.
A strategy builder will help traders create and back-test trading strategies that can be shared with others using provided social trading tools. Users on Dash 2 Trade will also have access to a bespoke scoring system bringing together selected presales. Moreover, a crypto listing alert will help investors take advance of exchange listing announcements.
Dash 2 Trade’s presale is final, with $11 million out of the expected $13.35 million raised. The token’s first CEX launch will go live on Wednesday, January 11, 2023.
C+Charge: Linking EV Owners to the carbon Credit Industry
C+Charge is a blockchain platform built around democratizing the carbon credit industry. The main idea behind C+Charge is to ensure wider access to the multi-billion industry currently dominated by big corporations.
A tokenized economy powered by CCHG ensures that electric vehicle (EV) drivers earn every time they charge their vehicles. Charge station operators are also paid in CCHG tokens. Earned carbon credits will be stored in an app and redeemed at a later date.
The app will also be used to pass information such as charging stations location, real-time charger waiting times, and carbon credit tracker and provide a technical diagnosis of the charging stations.
C+Charge presale launched recently with $29k raised in the first stage. Investors can buy 1 CCHG for 0.013 USDT, but the price will shoot to $0.0165 USDT in the next round.
Related articles:
- Solana Price Prediction as Top NFT Projects DeGods and Y00ts Move to Other Blockchains – Is it Game Over for SOL?
- Ethereum Price Prediction: Experts Weigh In on the Possibility of ETH Reaching $10,000
- Meta Platforms and Google’s dominance in US digital ads market keeps retreating
Fight Out - Next Big Train-to-Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $5M Raised
- Real-World Community, Gym Chain
This article was written for Business 2 Community by John Isige.
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