Dogecoin price statistics
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Dogecoin price analysis: DOGE remains stable around the $0.1420 threshold
The Dogecoin price analysis reveals the market following a solid bullish movement. The cost of the meme cryptocurrency has experienced a slight uptrend which has caused the value of Dogecoin to increase somewhat. Dogecoin has been up 0. If they happen to meet in the coming days, the bears might use that to their advantage and reverse the market. In addition, the RSI seems to follow a linear path, indicating stability and the equivalence of the buying and selling activity.
The price of the meme cryptocurrency is now more likely to change either extreme. It appears that the meme cryptocurrency has been experiencing a bearish direction in the last couple of days but has managed to pull through and reverse it. However, the bulls might not be able to maintain this trend. The Relative Strength Index RSI is at 40, which shows that the value of the meme cryptocurrency is stable, falling in the lower neutral region.
Furthermore, the RSI appears to follow a linear path, indicating that the cost moves towards stability and the equivalence of the buying and selling activity. Concluding the Dogecoin price analysis, we can deduce that the meme cryptocurrency has engulfed its market by the bulls. However, only time will tell how long they will maintain it.
The information provided is not trading advice. Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics.
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The cryptocurrency, which started as a joke in , has surged more than 16, percent in the past year, Bloomberg reported citing crypto data tracker CoinGecko. The unconventional CEO has posted numerous comments about cryptocurrencies on Twitter and criticised regular cash for having negative real interest rates. Some financial commentators questioned whether it was responsible for Musk to comment on the cryptocurrency, given he has the power to move its price. The company later said the issues had been resolved and that it would contact customers affected by the downtime.
Dogecoin Price API
All rights reserved. Charles St, Baltimore, MD The coin is one of the most valuable cryptos you can own right now, and it is even bigger than you may think. Keep reading for some mind-blowing DOGE stats. Since , the value of Dogecoin has exceeded the penny mark just one time before It has been absolutely dirt-cheap, a currency created as a joke for people to exchange on the internet for fun. It enjoys a meme status among cryptocurrencies: The cute, lovable crypto that nobody really takes seriously. Dogecoin hit a penny for a second time in early January. By the end of the month, it was a nickel. Then in April, the coin saw its rocket.
Why Did Crypto Prices Plummet This Week?
Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time. Doge was never designed to have any real-world utility beyond being a simple blockchain-based payment system; however, it quickly amassed a diehard community of fans who found and developed new use cases for it. Those included a third-party online tipping service, which led to doge becoming a leading tipping coin on social media platform Reddit and crowdfunding charitable causes using dogecoin. Instead, a total supply limit of billion coins was set and anyone with a laptop or smartphone could begin mining doge immediately.
Cryptocurrency ethereum hits new record high again; dogecoin slumps
Reuters Staff. Dogecoin fans used the hashtags DogeDay and DogeDay to post memes, messages and videos on Twitter, Reddit and TikTok, referring to the informal April 20 holiday to celebrate cannabis which is marked by smoke-ins and street parties. DogeDay" one tweeted, referring to the Lamborghini car popular in crypto culture. Dogecoin's rise has come amid a surge in online trading of stocks and crypto by retail investors, stuck at home with extra cash because of the COVID pandemic. It has not coincided with a growth in usage of the coin for payments or in commerce. The same trend has spurred a boom in usage of online trading apps like Robinhood, and also fueled the social-media driven rally in GameStop Corp stock that pitted retail investors against hedge funds earlier this year.
Dogecoin Price Chart
Dogecoin DOGE. Market Data. Network Activity. Price BTC sats. Price ETH 0. Volume Overstatement 24H 1.
Dogecoin DOGE/USD price history up until February 2, 2022
Doge is in a downtrend since May when it had a major pump because of Elon's tweets. As I have noticed that all the last few pumps where because of Elon's tweets and interestingly all these times he tweeted when doge was on MACD support and because of this MACD formed an ascending triangle pattern You have to wait for a suitable and strong return candle to strike in the specified areas where there is a possibility of pullback, and then you start buying this currency. I emphasize again that a strong candle and return must be struck
It was not entirely clear what sparked the surge, but the cryptocurrency was mentioned online this week by some high-profile users, including tech billionaire Elon Musk , the "Wolf of Wall Street" stock trader Jordan Belfort and meat snack company Slim Jim. The boost also came as cryptocurrency exchange platform Coinbase became the first of its kind to go public in the U. Markus, who founded Dogecoin with fellow software engineer Jackson Palmer in , told Newsweek via email this week that the market ultimately decides the price. The creator continued: "If the world collectively decides they are willing to purchase it for a dollar, then it's worth a dollar. In the world of cryptocurrency valuations, I would say, historically the question is less about 'why? Why is Dogecoin worth what it's worth right now?
Table of Contents:. This cryptocurrency definitely stands out from the competition. Its characteristic feature is its hilarious character, because it was created in the form of an innocent joke. In addition, it is symbolized as a Shiba Inu dog, which often appears in memes - funny pictures circulating on the Internet. Surprisingly, this virtual coin has gathered a very large community around it. DogeCoin has become a mascot loved by the whole world.
Dogecoin price history tracking gives you easy insight into the performance of your investments in this volatile cryptocurrency. With this page, you will be able to check the opening value, high, and close for Dogecoin over time, along with the trade volume. That could get a little confusing, so you can also see the daily change as a simple percentage.