Our Dogecoin price prediction will flip bearish if the price loses a key level. DOGE coin is facing a massive...
Dogecoin
Dogecoin is a cryptocurrency with a friendly and fun brand image, whose main aim is to be an accessible introduction to cryptos. Billy Marker and Jackson Palmer created Dogecoin in 2013 to ridicule Bitcoin.
What is Dogecoin?
Dogecoin’s value skyrocketed over 5000% in 2021 as mainstream investors embraced the cryptocurrency. Just like Eutherium and Bitcoin, Dogecoin runs on a secure blockchain. As a result, dogecoin price varies, and it is difficult to determine its exact value as it’s worth what people are willing to pay at any moment. However, Dogecoin is transparent because every holder has a record of every transaction on an immutable blockchain ledger.
Dogecoin’s valuation once surpassed Bitcoin’s during the recent cryptocurrency market mania, demonstrating its high investor demand. Dogecoin’s rise was driven by Elon Musk’s tweets supporting the cryptocurrency, of which he is a big fan. Elon Musk’s public tweets attracted a massive number of inventors who bought Dogecoins to profit from the massive rally in cryptos.
Is Dogecoin a good investment?
Despite Dogecoin’s ironic nature, it’s considered by some to have legitimate investment potential. However, the constant introduction of new coins into the market put downward pressure on Dogecoin’s valuation.
Purchasing any Cryptocurrency is a risky affair, and that includes Dogecoin. It’s always safe to purchase a few coins and get used to the system. However, it’s probably wise to refrain from investing more than a fraction of your money into the crypto that started as a joke.
DOGE latest news
Once again, our Dogecoin price prediction is playing out exactly as predicted. The price is 20% up since our last...
It seems like the DOGE bulls have responded well to our last week’s Dogecoin price prediction. The price has successfully...
Our Dogecoin price prediction might become very bullish if the ongoing breakout gets some confirmation. At the time of writing,...
The Dogecoin price has continued to rise in the markets after yesterday’s bullish trend hiatus that resulted in an almost...
Our Dogecoin price prediction is getting bearish once again as the price has broken below the symmetrical wedge. Furthermore, the...
Dogecoin’s price has remained unaffected by the recent announcement of Elon Musk’s Boring Company that they would be accepting it...
Our Dogecoin price prediction has still not flipped bullish as the coin is yet to break out of the downwards...
The Dogecoin price has struggled for most of the year. However, in recent days, the cryptocurrency has started to come...
Dogecoin is up by 3 percent in today’s trading session. However, since the May 12 price spike that saw the...