dogecoin price prediction There is a positive momentum as it surged above $0.0870 and is now trading at $0.0910. On the other hand, Dogecoin is struggling below the $0.0965 resistance level, which is boosted by the 38.2% Fibonacci retracement level and the double top resistance level.
Let’s take a closer look at the market fundamentals and technicals for Dogecoin.
Elon Musk can launch the phone
On November 26, Elon Musk responded to a tweet by podcaster Liz Wheeler, who was concerned that Twitter would be banned from stores where the two makers of smartphone operating systems sell iOS and Android software under Elon’s new policy. Sell apps.
Musk expressed concern by tweeting that this should not happen. If he’s wrong, he’s promised to build his own phone.
A new operating system and an online application store may also be included.
DOGE/USD has risen dramatically ever since Twitter’s newly appointed CEO Elon Musk announced that the company will release its own smartphone if it faces difficulties in the major mobile app stores.
Speculation of Dogecoin integration with Twitter
Dogecoin (DOGE) continues to take center stage as Elon Musk, also known as “The Dogfather,” transforms Twitter. Since Musk acquired Twitter on October 27, 2022, top dog Memecoin’s market cap has more than doubled, from $10.6 billion on November 1, 2022 to $21.77 billion.
Furthermore, with 396 million users worldwide, DOGE is the second largest Proof-of-Work (PoW) cryptocurrency after Bitcoin. Musk has praised Dogecoin as “the people’s cryptocurrency” and even joked that Dogecoin could be used to pay for his online elections. In this scenario, Twitter users would be able to reward creators with popular cryptocurrencies such as Dogecoin (DOGE).
Musk confirmed this on the Twitter space by tweeting “Dogcoin to the Moon!” before reaffirming his support for the canine coin with his trademark wild dancing moves.
Furthermore, the adoption of Dogecoin as the default payment method on Twitter could break the ice for crypto adoption. The news that Twitter may soon integrate Dogecoin has boosted the DOGE/USD price.
Switch to Proof-of-Stake
David Gokshtein, founder of Gokshtein Media and a cryptocurrency podcaster, believes that Ethereum co-founder and Twitter CEO Elon Musk will collaborate to upgrade Dogecoin.
Gokhshtein tweeted on November 25 that he hoped Musk and Buterin would work together on Dogecoin. He assumed this because the co-founder of Ethereum had previously suggested in his comments that the original Meme token should use a proof-of-stake consensus mechanism.
Musk is already working hard to make DOGE more powerful.
Vitalik has the legal right to accept such requests. It is a member of the Dogecoin Foundation as well as the supervisor and co-creator of Ethereum.
Furthermore, a switch to PoS has been mentioned in Dogecoin’s roadmap.
Such a change could increase the appeal of Dogecoin, especially among cryptocurrency users concerned about the environment. This could have a positive effect on the DOGE/USD price.
Dogecoin Price and Token Economics
The current price of Dogecoin is $0.0919, with a 24-hour trading volume of $971 million. Dogecoin has gained over 4% in the last 24 hours. CoinMarketCap is currently ranked #8 with a live market cap of $12 billion. The circulating supply is 132,670,764,300 DOGE coins.
On Saturday, DOGE/USD opened the day at $0.0894 and reached a high of $0.09539 and a low of $0.0890.
DOGE/USD completed a 38.2% Fibonacci retracement level at $0.096 on the 4-hours chart. Meanwhile, the double top pattern is extending resistance for Dogecoin, and a candle closing below this level could lead to a bearish correction.
On the downside, an immediate support for DOGE lies at $0.087, below which a break could expose the price to $0.0800 or $0.0717.
Since then, key technical indicators such as the Relative Strength Index (RSI) and the moving average convergence divergence (MACD) have remained in the buy zone, indicating a likely continuation of the bullish trend.
Moreover, the 50-day moving average is keeping DOGE above $0.0800. Therefore, increased demand for DOGE could cut through the $0.0965 resistance, exposing DOGE to the $0.1040 or $0.1115 levels, which are respectively boosted by the 50% and 61.8% Fibonacci retracements.
Keep an eye on the $0.0965 level, as this will determine the future price movement of Dogecoin.
dogecoin alternative
dash 2 business
Dash 2 Trade, a platform for crypto trading intelligence and signals, has sparked investor interest after raising $7 million in just one month. As a result, the D2T team has decided to drop it to Phase 4 and reduce the hard cap target to $13.4 million. The team has decided to reduce the hard cap for two reasons.
To start, the key presale analytics dashboard was finished ahead of time, allowing for the immediate allocation of presale investment funds to earlier deployments and marketing efforts.
Second, and related to the first point, the market has evolved, making Dash 2 Trade’s services suitable for retail investors looking for extensive due diligence following the FTX incident.
Dash 2 Trade has also been successful, with two exchanges (LBank and BitMart) pledging to list the D2T token after the pre-sale closes.
The price of 1 D2T is now 0.0513 USDT, however, it will increase to $0.0533 in the final phase of the sale. D2T has so far raised approximately $7 million by selling over 82% of its tokens.
Calvaria (RIA)
calvaria There’s a brand new bitcoin gaming company with the potential to dominate the play-to-earn market. According to Calvaria (RIA) developers, the demand for cryptocurrencies to play has proved to be a major obstacle to the widespread dissemination of Web3 games. As a result, the game will offer both free-to-play and pay-to-win options, with the free-to-play version available to gamers without bitcoin.
Since its inception, the pre-sale has raised nearly $2 million and is now in its final stages after the developers decided to end it early. The pre-sale was to run in ten phases and offer 300 million RIA tokens.
More information available from Calvaria Here,
However, the makers have decided to revise the pre-sale offer, meaning that Phase 5 will be the last opportunity for investors to buy RIAs before they are released to the public market, where prices are expected to rise.
Robotera (Tarot)
taro is another project that has the potential to transform the gaming community and the virtual world. The pre-sales of the property have started recently but there is already a lot of interest from potential buyers. The native token of the platform is TARO, and it is a blockchain-based metaverse where users can create avatars and explore a digital world.
Robotera players can buy land, build on it, and expand their territories with various infrastructures. The goal is to create a metaverse in which everyone feels secure in their personal property holdings.
TARO has raised over $240,000 to date, and one TARO is currently sold for 0.020 USDT (it can be bought with USDT or ETH), but this price may increase to $0.025 during the second phase of its pre-sale Will go, which will start soon.
Bitcoin Crypto Related Post