Dogecoin price increased by 2% in the last 24 hours, later reaching $0.090641 News of Sam Bankman-Fried’s arrest And Speculations Related to Binance’s Finances, Its current value reflects an 11.5% drop over the past week, however, with the coin flat over the past month and down 47% since the beginning of the year.
Given the negative market sentiment and the lack of recent good news for DOGE, some analysts have begun to suggest that the altcoin is headed for further downside in the near future. However, holders and supporters are hopeful that Twitter will integrate dogecoin payments in some shape or form, something that will send the meme token boom.
Is it too late to buy Dogecoin? 3 traders give their DOGE predictions
The indicators for DOGE are currently mixed. Its Relative Strength Index (purple) has declined below 50 over the past few days, indicating more selling pressure. However, its 30-day moving average (red) is well above its 200-day average (blue) and has started moving higher again.
This potentially suggests that, after experiencing a lull in its rally in late October, DOGE is ready to start rising again. Of course, whatever is happening in the market, such growth may not happen, at least in the short term.
Accordingly, traders and analysts alike have mixed views on what DOGE is likely to do in both the short and long term.
Specifically, CNBC’s financial cheerleader Jim Cramer recently announced that DOGE is ready to collapse, saying that the coin is essentially a “thief”. However, DOGE and other cryptocurrency holders alike have responded to the claim that Cramer’s dismissal of Dogecoin is actually bullish, given how many times has he been wrong,
In terms of DOGE and people within the cryptocurrency community, there are more than a few who believe that, after falling over the past few weeks, Dogecoin is ready to rise again. Crypto Twitter personality Doge Koch suggests a rise to $0.15 by the end of this week, which would be a jump of 66%.
While such an increase is unlikely in such a short period of time, others have suggested that DOGE will have a good week, without specifying any specific figures or levels.
It’s not entirely clear what will signal a major DOGE move this week, yet most supporters continue to expect some sort of announcement from Twitter and/or Elon Musk in the future.
On one hand, there is hope that Twitter will introduce DOGE-based tips (or something similar) at some point, an expectation that was solely responsible for DOGE’s rally in late October.
On the other hand, some are also expecting that Musk will introduce the ability to pay for Tesla cars using DOGE. Again, this would be massively bullish for Meme Token, but that’s purely hypothetical at this point, even though Tesla has been accepting DOGE as payment for some of its merchandise for over a year.
This optimism aside, there is also some speculation Twitter may be working on its own ‘Twitter Coin’. If true, this would likely negate the need for DOGE-based payments.
Thus, the Dogecoin community can do more to support the price of DOGE than just a mercurial social media executive can expect.
Altcoins Don’t Depend On Twitter And Elon Musk
Given DOGE’s reliance on the unpredictable Elon Musk, some investors may prefer to look to altcoins that aim to grow based on their fundamentals. Despite the fact that crypto remains in a bear market, 2022 has still delivered more than a few promising new coins in this mold, with this year proving particularly lucrative.
For example, Lucky Block (LBLOCK) and Battle Infinity (IBAT) saw similar increases 6,000% And 3000% Compared to their initial pre-sale price of $0.00015 during the summer. Similarly, Tamadoge (TAMA) up to 1,800% After getting listed on OKEx in October.
While these coins have apparently completed their sales, the three tokens below are still in the process of their own offerings. That said, these are due to expire soon, so early investors will need to move quickly if they want to buy before exchange listings.
Dash 2 Trade (D2T) – Presale in final stages
running on the Ethereum blockchain, dash 2 business Is a trading intelligence platform that provides investors with real-time analytics and social trading data, helping them make more informed trading decisions. It is set to launch in early 2023, with its D2T token being used to pay for a monthly membership fee on its platform (there are two membership tiers).
Dash 2 Trade pre-sales now in their fourth and final phase Has already raised over $9.5 millionAlso announced listing on Uniswap, BitMart and LBANK exchange for the new year.
Robotera (Tarot)
Another Ethereum-based platform, 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. This includes creating NFT-based land, buildings and other in-game items, while the game also aims to let players link with other metaverses and create an interoperable multi-verse.
1 TARO is currently selling for 0.020 USDT (it can be bought using USDT or ETH), however this price will increase to $0.025 in the second phase of its pre-sale. It has already raised over half a million dollars.
Calvaria (RIA)
calvaria (RIA) is a blockchain-based game in which players can collect, trade, and battle NFT-based cards. A play-to-earn game, it also has the distinction of enabling users to play it without holding any cryptocurrency, which could open it up to a wider audience.
The RIA will be used to purchase in-game items and place bets within its ecosystem, giving it a strong use case. The pre-sale for the token has just raised over $2.4 million and is currently in its fifth phase, which is its final phase.
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