It’s been a tough month so far for the ticker DOGE dog coinThe native cryptocurrency of the Dogecoin blockchain. dog coin It was unable to sustain gains on Tuesday in the wake of lower-than-expected US inflation data, failing in its attempts to move back above $0.095 after finding resistance at its 21- and 50-day moving averages.
The dog meme-inspired cryptocurrency is back below $0.09 once again on Wednesday, amid a more bullish move than the market was expecting to tone down the need for interest rate hikes from the US Federal Reserve in its latest policy announcement. At the current level of $0.089, DOGE/USD is down about 2.3% changing hands on Wednesday and is down about 4.0% this week and 16% this month. price prediction In this way they remain subjugated.
Bulls were expecting a so-called “Santa rally” to save the day, but that is currently looking more likely. dog coin It is going to emulate its December in 2021, where it lost over 20%, compared to December in 2020, when it gained 24%.
Price Prediction – Dogecoin in Doldrums
Dogecoin’s promising end to November, in which some bulls were expecting a retest of the $0.16 area post-Elon Musk’s acquisition of Twitter highs, did not translate into further advances for Dogecoin in December. In fact, for now the cryptocurrency seems to be content declining within the recent range and does not appear to have much of a bullish or bearish technical bias for the time being. With DOGE/USD’s 14-day Relative Strength Index score above 40, Dogecoin is currently in a very positive position.
DOGE/USD is trading near the 61.8% Fibonacci retracement level of its decline from the early November high of around $0.16 to its yearly low below $0.05, having failed to stay above the 50% Fibonacci retracement level a few weeks ago. Dogecoin continues to trade above a significant uptrend, which is likely to come into play if the cryptocurrency continues to decline to the low of $0.08. A break below this uptrend could open the doors for a decline towards the key area of resistance at $0.07, where the November double bottom, 200DMA, and 78.6% Fibonacci retracement level reside.
Elon Musk No Longer the Richest Person in the World, Can Dogecoin Recover?
As per the updated Forbes rich list, as reported cnbcElon Musk, CEO of Tesla, SpaceX and Twitter, is no longer the richest person in the world. The decline in the value of Tesla’s stock price, as well as Twitter’s valuation which puts it at around 50% of what Musk paid for it, means that Bernard Arnault, CEO and chairman of European luxury brand group LVMH, is now on the rank. As the richest man in the world.
Does it matter for Dogecoin? Not necessary. Elon Musk is known to be a big fan of cryptocurrency and so if he suddenly lost all his wealth, power and ability to promote Dogecoin, it could be a problem. But he hasn’t lost any of these things, only his status as the richest man in the world. He still owns Twitter and there is still significant speculation that he may integrate Dogecoin into a future Twitter payment system.
Altcoins giving quick returns
The cryptocurrency has been trading sideways for a few weeks, prompting some traders to look for options with higher potential in the short term. Listed below are some of the major pre-sales in the market, allowing investors to get in in on the ground floor.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted rates and sales recently exceeded $9.7 million. The pre-sale dashboard is going to be released on Friday, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in about a month.
Calvaria (RIA) – Final pre-sale phase now
Major blockchain-based games such as Axis Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an emerging play-to-earn battle card crypto game, could be a good option. Calvaria seeks to promote crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA Token Pre-Sale. Calvaria has now raised $2.44M, a crypto whale netting $97.5K in a single buy last week. The pre-sale is in its final stages, with only 21% of the tokens remaining.
Robotera (Tarot)
robot era (TARO) is a sandbox-style metaverse that will enable gamers to play as robots and participate in the creation of its virtual world, which includes NFT-based land, buildings, and other in-game items. Due to launch in an alpha version in the first quarter of next year, it also plans to link players with other metaverses, in the process creating a multi-verse where NFTs from different platforms can interoperate. Huh.
1 TARO is currently selling for 0.020 USDT (it can be purchased using USDT or ETH), however this price will increase to $0.025 in the second phase of its pre-sale. The project has now raised over $545K in funding in the few weeks since the launch of the pre-sale.
Bitcoin Crypto Related Post