Connect with us

Doge price

Top Trader Predicts Dogecoin Price To Reach $0.37 in Two Weeks

Published

5 hours ago

on


Dogecoin price has been a subject of intense speculation and analysis as recently, a top trader predicted that the asset could surge to $0.37 within the next two weeks. This bold prediction has sparked curiosity among investors, especially since that’s an over 100% move from the current price. 

DOGE price is trading at $0.1445 today, down 0.4% in the last 24 hours. 

DOGEUSDT

Nevertheless, it has already increased 24% in the last seven days, and Dogecoin’s profit percentage has almost surpassed 81%. The main question remains: Can the price of DOGE double to “37 cents” in the next two weeks?

Can Dogecoin Price Hit “37 Cents” In the Next Two Weeks?

As of now, Dogecoin is trading at approximately $0.1445 per CoinGecko data. This represents a significant increase from its earlier lows but is still far from its all-time high of around $0.73, achieved during the 2021 crypto boom.

The current market sentiment for Dogecoin price is currently mixed, with some market participants anticipating further gains while others foresee potential declines.

For instance, data from Coinglass shows Short-term futures traders have turned bearish on the daily while long-term weekly and monthly traders remain bullish. This imbalance suggests that the majority of the market remains bullish as they anticipate the price of DOGE will increase soon.

Short-term futures tradersShort-term futures traders

The following two on-chain metrics could explain why investors are divided. According to data from Santiment, Dogecoin holder profitability broke a four-month high, and 81% of all Dogecoin in circulation is now in profit. The last time this was the case was July 7, 2024.

Dogecoin holder profitabilityDogecoin holder profitability

Further more, the short-term DOGE holders (30-day) surpassed long-term holders (365-day) in profit making, hence, it would only be logical for the to lock in profits when DOGE shows signs of weakness around historical resistance zones.

DOGE holders (30-day) DOGE holders (30-day)

Reasons Why DOGE Price Could Hit $0.37 In Two Weeks

Dogecoin price surging to 37 cents in two weeks is not out of this world. For comparison, in the past 7 days, the meme coin soared by about 25%. Double this, and we have 50% in two weeks. Combining this organic growth with several other factors and $0.37 price target comes into clear focus. Here are some reasons why $0.37 DOGE is possible before the November 5 U.S. elections:

  • The price of DOGE has historically been influenced by social media trends and endorsements from high-profile figures like Elon Musk. A renewed wave of positive sentiment and social media buzz could drive up the price significantly.
  • Dogecoin price forecast shows that the asset has been experiencing a bullish trend in the short term. The 50-day moving average is rising, suggesting strong short-term momentum. If this trend continues, it could support a price increase.
Dogecoin priceDogecoin price
Dogecoin price analysis chart

Additionally, the fibonacci retracement tool shows a potential retrace to $0.1322, which would explain the bearish sentiment among short-term traders. However, after that, the DOGE price is primed to surge to $0.37 with some occasional stops at $0.15, $0.18, and $0.23.

  • The overall cryptocurrency market has been showing signs of recovery. If major crypto assets like Bitcoin (BTC) and Ethereum (ETH) continue to rise, they could pull DOGE price up with them due to the correlated nature of crypto assets.

Crypto Correlation Crypto Correlation

Conclusion

While the prediction of Dogecoin price reaching $0.37 in two weeks is ambitious, it is not entirely out of the realm of possibility. The factors supporting this bullish outlook include positive market sentiment, technical indicators, and broader market movements.

Frequently Asked Questions (FAQs)

The prediction is bold because Dogecoin would need to more than double its current price in a short period.

While the prediction is ambitious, it is not entirely unrealistic. Several factors could contribute to such a price increase, including social media influence, technical indicators showing bullish momentum, and the broader crypto market trends.

The main reasons include Dogecoin’s historical price volatility, strong social media influence, a bullish short-term trend indicated by the 50-day moving average, and the overall positive recovery of the cryptocurrency market.

Related Articles

✓ Share:

Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Doge price

Which Will Deliver Maximum Gains This October?

Published

2 weeks ago

on

October 9, 2024

By


XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October. Both coins have displayed slight bullish activity, hinting at the possibility of a price surge as market sentiment could shift favorably.

A Closer Look at XRP Vs. Dogecoin

XRP and Dogecoin, though vastly different in purpose and origin, have both made significant waves in the crypto market. The XRP Ledger  is a decentralized, open-source network known for its low transaction costs, speed, and energy efficiency. 

With capabilities like a built-in decentralized exchange (DEX) and custom tokenization, the XRP Ledger has maintained reliability through 70 million closed ledgers. 

On the other hand, Dogecoin started as a meme-based cryptocurrency in 2013, gaining popularity primarily through social media mentions, especially from Elon Musk. While XRP focuses on utility in transactions, Dogecoin has carved its niche through its community and viral appeal.

In 2021, Dogecoin experienced a meteoric rise, surging to an all-time high of $0.7376 after a massive bullish trend.  According to Coinmarketcap data, this year, it has seen a resurgence, climbing over 50% to a peak of $0.22 in April. XRP, meanwhile, saw a major boost in 2021, hitting $1.55 during the crypto market rally. 

It later surged above $0.70 following the favorable outcome of its legal battle with the SEC. However, after the SEC’s appeal, XRP experienced a significant downturn, showing the volatility that both cryptocurrencies are known for. 

Ripple vs. Dogecoin Weekly performance

Dogecoin and XRP performed divergently over the past week amid a broader market correction. Dogecoin defied the downward trend, climbing 5% and holding above a key support level. 

This resilience signals strong investor interest, making DOGE one of the few cryptocurrencies to show growth despite market turbulence. At the time of writing, the DOGE price is trading at $0.1092, with a 2% surge.

In contrast, Ripple saw a 10% dip, dropping its price from $0.58 to around $0.52. The correction hit XRP harder, raising concerns about its ability to recover in the near term. With Dogecoin’s recent gains and XRP’s struggles, DOGE may be positioned to outpace Ripple in October if the trend continues. Currently, the XRP price is at $0.5288, with a slight bearish.

XRP vs Dogecoin: Which Will Deliver Maximum Gains This October?XRP vs Dogecoin: Which Will Deliver Maximum Gains This October?
XRP price chart

Ripple vs. Dogecoin 3-Month Performance

Over the past three months, Dogecoin has shown stronger performance than Ripple’s XRP. Dogecoin’s price has fluctuated between $0.48 and $0.61, maintaining a relatively stable range. The coin also experienced an 11% rise in the past month, signaling potential momentum.

Meanwhile, the XRP faced a 0.35% decline over the same month. The token struggled to gain upward traction, which suggests it may need to catch up with Dogecoin in terms of short-term growth potential.

XRP vs Dogecoin: Which Will Deliver Maximum Gains This October?XRP vs Dogecoin: Which Will Deliver Maximum Gains This October?
XRP price chart

XRP vs. Dogecoin Price Performance Final Decision

Dogecoin has seen its price bolstered by a surge in meme coin interest, whale transactions, and rallies in leading cryptocurrencies. When examining consistent performance, DOGE appears to hold the advantage. Its status as a popular meme coin positions it well for potential explosive growth, appealing to investors seeking rapid gains.

Investors should not ignore XRP, as it holds significant potential for a rally amid ongoing developments in the Ripple vs. SEC lawsuit and the SEC’s appeal. These legal proceedings could serve as powerful catalysts, potentially driving a substantial price surge for XRP in the near future.

Frequently Asked Questions (FAQs)

XRP is a utility-focused cryptocurrency designed for fast and low-cost cross-border transactions on the XRP Ledger, while Dogecoin started as a meme-based cryptocurrency with a strong community and viral appeal.

Over the past week, Dogecoin defied the market’s downward trend, climbing by 5%, whereas XRP experienced a 10% dip. This suggests Dogecoin may have stronger short-term momentum.

XRP’s price could surge due to developments in the Ripple vs. SEC lawsuit and the SEC’s ongoing appeal, which might shift market sentiment in favor of the coin.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

ADA Price

4 Shiba Competitor to Buy to Turn $1 to $1000 in 2024

Published

3 weeks ago

on

September 30, 2024

By


The cryptocurrency market has shown renewed strength as Bitcoin recently crossed the critical $64K resistance level, spurring excitement among investors. With the broader market gaining momentum, many focus on potential Shiba competitor outperforming SHIB itself. 

These alternative tokens could offer exponential growth opportunities, potentially turning a mere $1 investment into $1000 by 2024.

Shiba Competitor to Turn $1 to $1000

Dogecoin (DOGE)

Dogecoin (DOGE), a leading meme-based cryptocurrency, has experienced a significant rise in value over the past week. The DOGE price surged to $0.12, reflecting a 12% increase within seven days. Over the past year, the meme coin has seen an impressive 94% rise, reinforcing its status as the Shiba competitor in the digital currency.

The chart shows a significant surge in whale transactions and price movement of Dogecoin (DOGE). DOGE experienced high activity in early April, with a steady decline through July. However, starting in mid-September, a noticeable uptick in whale transactions and prices indicates renewed bullish momentum and market interest in DOGE.

4 Shiba Rivals to Buy to Turn $1 to $1000 in 20244 Shiba Rivals to Buy to Turn $1 to $1000 in 2024
Source- Santiment

TRON (TRX)

TRON (TRX) has established itself as a significant player in the decentralized digital entertainment arena. Over the past year, the platform has impressively surged by 75%, making it a noteworthy competitor to Shiba Inu. Currently, TRX price is trading at $0.1559, experiencing a slight decline of 1%.

 However, the price has increased over the past week. The surge in TRX can be attributed to rising meme coin trading on the network. Additionally, the Total Value Locked (TVL) on TRON has expanded, now standing at $7.87 million, highlighting its growing importance in the decentralized finance (DeFi) landscape.

4 Shiba Rivals to Buy to Turn $1 to $1000 in 20244 Shiba Rivals to Buy to Turn $1 to $1000 in 2024
Source- defillama

Pepe (PEPE)

Pepe (PEPE), an Ethereum-based cryptocurrency, has recently experienced a remarkable price increase of 1,326% over the past year. This impressive growth has positioned PEPE as the leading meme coin in the market.

In the last week, the token saw a notable rise of 37%, further solidifying its role as a significant player in the altcoin landscape. At the time of writing, the PEPE price is trading at $0.00001106, with a slight surge.

The Relative Strength Index (RSI) is currently at 71.55, indicating overbought conditions, which may suggest a possible price correction in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) shows positive momentum, but the recent performance suggests a potential slowdown in bullish activity.

4 Shiba Rivals to Buy to Turn $1 to $1000 in 20244 Shiba Rivals to Buy to Turn $1 to $1000 in 2024
Source: TradingView

Cardano (ADA)

Cardano (ADA) is gaining significant attention as it gears up for promising developments. The ADA price has risen by 8% in the past week, reaching $0.3852. Investors are optimistic about further price increases, which has led some to compare it to the popular Shiba Inu token. This momentum reflects growing confidence in Cardano’s future potential.

Recent sentiment data shows a noticeable bullish trend in ADA’s price. This trend appears to be driven by increased social volume surrounding the asset. ADA’s price has fluctuated since the start of September, but a steady climb is evident. Social media activity has surged, suggesting heightened interest among investors. This growing enthusiasm may lead to further price appreciation in the coming weeks. 

4 Shiba Rivals to Buy to Turn $1 to $1000 in 20244 Shiba Rivals to Buy to Turn $1 to $1000 in 2024
Source: Santiment

With the cryptocurrency market showing signs of recovery, these four Shiba competitor hold significant potential. Investors who act quickly could see extraordinary gains, possibly turning a $1 investment into $1000 by the end of 2024.

Frequently Asked Questions (FAQs)

Shiba Inu rivals are cryptocurrencies that compete in the meme coin or altcoin space, potentially offering similar or better growth opportunities than SHIB.

TRON has surged by 75% over the past year, driven by increased trading activity and growth in decentralized finance (DeFi) on its network

Pepe has experienced a remarkable 1,326% price increase in the past year, making it a standout player in the meme coin market.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Doge price

Dogecoin Price Forecast as DOGE Founder Vows to Never Create Another Crypto

Published

4 weeks ago

on

September 25, 2024

By


Dogecoin (DOGE) price has recently experienced notable price fluctuations. Over the past week, the cryptocurrency has seen a significant uptick in value, raising interest across various trading platforms. Currently, the DOGE price is stabilizing around a key support level, suggesting potential resilience in the market.

Dogecoin Price Steady as Founder Denounces New Crypto

Shibetoshi Nakamoto, also known as Billy Markus, co-creator of the popular cryptocurrency Dogecoin, has once again clarified his position regarding his involvement in the crypto space. In an X post, Nakamoto reaffirmed that Dogecoin, which he co-created in 2013, remains the only cryptocurrency he has worked on.

He emphasized that he has not been involved in cryptocurrency projects since 2014, stating that Nakamoto’s post responds to rumors or claims of his affiliation with other cryptocurrency projects. 

Will DOGE Price Hit $0.2 Soon Amid Market Volatility?

The Dogecoin price is slightly increasing, indicating a marginal uptick in the market. At the time of writing, the DOGE price is trading at $0.1096, reflecting a 0.11% increase over the last 24 hours. 

The price-performance in this period shows a low of $0.1071 and a high of $0.1109, suggesting a relatively stable but minor fluctuation in value throughout the day. Most cryptos are trading in a slightly bullish trend, with BTC price hovering around the $63,000 level.

The daily technical indicators for Dogecoin show a relatively steady trading pattern. The Moving Average Convergence Divergence (MACD) indicator has recently shown signs of a bullish crossover as the signal line (orange) begins to move above the MACD line (blue). This suggests a possible increase in buying momentum in the near future.

Dogecoin Price Forecast as DOGE Founder Vows to Never Create Another CryptoDogecoin Price Forecast as DOGE Founder Vows to Never Create Another Crypto
Dogecoin Price Chart| Source: TradingView

Dogecoin price is showing signs of recovery, reaching approximately $0.11. The 30-day MVRV (Market Value to Realized Value) ratio has moved into positive territory at 6.704%. 

This indicates that the average DOGE holder is in profit. The price trend suggests some optimism in the market despite the volatility seen in recent months. Although the MVRV ratio remains positive, fluctuations in the market continue to influence overall sentiment.

Dogecoin Price Forecast as DOGE Founder Vows to Never Create Another CryptoDogecoin Price Forecast as DOGE Founder Vows to Never Create Another Crypto
Source- Santiment

A resurgence in bullish activity may propel the Dogecoin price prediction beyond the critical $0.1 level. If the price breaks through this resistance, it could pave the way for a rise toward the $0.12 mark. Further upward pressure from buyers may lead Dogecoin past $0.15, which could shift its usual trading behavior. If this momentum continues, the cryptocurrency could aim for a peak near $0.2.

Frequently Asked Questions (FAQs)

Billy Markus, also known as Shibetoshi Nakamoto, recently reiterated that he has no plans to create another cryptocurrency and remains uninvolved in any new projects.

If current bullish momentum continues and key resistance levels are broken, Dogecoin could potentially rise toward $0.2.

Dogecoin is trading near key support at $0.1, with resistance levels around $0.12 and $0.15.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon