Connect with us

doge

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Published

2 months ago

on


Sep 14, 2024 19:57&nbspUTC

| Updated:

Sep 14, 2024 at 19:57&nbspUTC

By&nbspClark

Ripple (XRP) has successfully averted a potential sell-off after rebounding from a key support level. On the other hand, Dogecoin (DOGE) is gradually recovering at $0.10, while Shiba Inu (SHIB) struggles with low momentum and liquidity. As investors anticipate larger market movements for Ripple (XRP), Dogecoin, and Shiba Inu, many are turning to ETFSwap (ETFS) as a strategic investment option.

Ripple (XRP) Struggles To Maintain Safe Zone Alongside Dogecoin (DOGE) and Shiba Inu (SHIB)

Earlier this week, Ripple (XRP) dipped below the crucial $0.50 level, raising investors’ concerns as some worried about a potential sell-off. To the surprise of many, Ripple (XRP) picked up pace, holding a solid position above its critical support. 

According to a top analyst, this recent price increase has allowed Ripple (XRP) break out of a Falling Wedge pattern, effectively terminating a major Ripple (XRP) sell-off. Reports from CoinGecko reveal that the price of Ripple (XRP) is currently sitting at $0.536. 

Meanwhile, the price of Dogecoin (DOGE) is following suit as it recovers from a week-long bearish slump below $0.10. Now trading confidently above $0.10 with a 2% gain, Dogecoin (DOGE) aims to remove the second zero in its decimal value. Supported by rising media interest and increased retail trading activity, Dogecoin may potentially break resistance levels, as it tests new support levels near $0.0859.

In contrast, Shiba Inu (SHIB), the second largest meme coin, is still stagnating, showing little price movement and trading at approximately $0.00001317. The price of Shiba Inu (SHIB) has been below key moving averages, showing a significant lack of momentum, unlike Dogecoin. 

While Shiba Inu holds a reputation for leading meme coin gains this year, alongside Pepe (PEPE) and Dogecoin, some Shiba Inu investors worry about its potential this Q4. Currently, Shiba Inu is testing key support levels around $0.0000111, with its weekly chart showing a potential price reversal. 

ETFSwap (ETFS) Is Leading Investors Into A New Investment Scheme With ETFs

The ETFSwap (ETFS) platform is set to revolutionize the crypto market by providing access to highly valuable Exchange Traded Funds (ETFs) backed by Real World Assets (RWAs). Trading these ETFs is made possible through the power of tokenization and blockchain technology. 

With ETFSwap (ETFS) users will be able to buy and trade several ETF of different classes, including cryptocurrency, leveraged, commodity, and fixed-income ETFs. This platform has also partnered with MiCA regulated investment banks to ensure regulatory compliance. 

Despite being an emerging decentralized platform, ETFSwap (ETFS) is making headlines and breaking records in its ongoing presale, promoting top analysts to project over 10,000% growth for its native token, ETFS.

Investing in the ETFS token now grants users access to early ETF listings, governance rights in the ETFSwap ecosystem, and monthly token airdrops. These tokens also help boost trading performance by enabling low transaction fees. 

ETFSwap (ETFS) also allows users to engage in staking pools to earn up to 36% in passive income, while they enjoy up to 87% APR yield, and special discounts on trading costs.

To ensure standard trading security and privacy, ETFSwap’s smart contracts have been audited by the best cybersecurity and blockchain audit firm, Cyberscope. In line with this, the ETFSwap (ETFS) team has also completed a KYC verification process on SolidProof, assuring its users of a safe and transparent trading network.

Now, in its third and last presale, ETFSwap (ETFS) is seeing even more adoption as more investors are catching on to its potential for gains. In due time, ETFSwap (ETFS) will launch its own ETF, while it allows users to get more high value ETF recommendations through its advanced AI-backed ETF screeners and trackers. 

Wrapping Up

With more anticipation brewing for ETFSwap (ETFS), its token, currently priced at $0.03846, could potentially surpass top coins like Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB). Thousands of investors are already taking advantage of its ongoing presale, purchasing over 500 million tokens in just a few months. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Clark

Head of the technology.

#Press Release

This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.





Source link

Related Topics:
Continue Reading

Altcoins

Analyst Says Dogecoin Has Way More Room To Grow, Sees Potential Rally to New All-Time High for DOGE

Published

3 days ago

on

November 20, 2024

By


A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) may be gearing up for an explosive surge.

Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE has more upside potential based on the level of public interest relative to its current price level.

He uses Google search trends to gauge the level of interest for the top memecoin by market cap.

“I read people saying Dogecoin will not go higher because of ‘market cap,’ ‘sell the news,’ ‘better memes.’ Well, when you look at the interest in DOGE over time, it isn’t even at peak popularity yet. Long story short, DOGE has way more room to grow.”

Image
Source: Ali Martinez/X

He also says that DOGE may be forming a bull flag pattern on the hourly timeframe and may soon surge past its all-time high of about $0.74. In technical analysis, a bull flag is viewed as a continuation pattern, indicating that an asset is consolidating and gearing up for a fresh rally.

“Dogecoin appears to form a bull flag! I’m looking out for an hourly close above $0.40 which could trigger a breakout to $0.85!”

Image
Source: Ali Martinez/X

DOGE is trading for $0.3742 at time of writing, up 3.6% in the last 24 hours but down about 49% from its all-time high of $0.731.

Lastly, the analyst says that Bitcoin (BTC) may override a bearish signal from the TD Sequential indicator and hit six figures.

Traders use the TD Sequential indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.

“Finally, I believe a sustained daily close above $91,900 will invalidate this bearish Bitcoin outlook and trigger a breakout to $100,680!”

Bitcoin is trading for $90,885 at time of writing, up 1.6% in the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





Source link

Continue Reading

Altcoins

Top Trader Unveils Path to New All-Time High for Dogecoin, Says DOGE Will Remind Everyone Who Is the King

Published

3 days ago

on

November 19, 2024

By


A trader who continues to grow his following with timely crypto calls is outlining a potential price path for Dogecoin’s (DOGE) rally to fresh all-time highs.

Pseudonymous analyst Bluntz tells his 292,900 followers on the social media platform X that Dogecoin looks poised for a new wave of upside bursts after printing a local bottom at around $0.339.

The trader shares a chart suggesting that DOGE could explode to a new all-time high of $0.85 before ending its five-wave surge.

“Nothing changed, we just had a nice 23% low time frame dip I’m counting as a wave four within a monster extended wave three impulse.

Once the next DOGE leg-up start, it will probably start to suck liquidity out of smaller memes again. The only reason they went so hard this week was because DOGE has been chilling for five days in my opinion.

I think this week will be a DOGE week.” 

Image
Source: Bluntz/X

Bluntz practices the Elliott Wave theory, a technical analysis approach attempting to predict future price action by following crowd psychology that tends to manifest in waves. According to Elliott Wave principles, a bullish asset often witnesses a five-wave rally, where waves one, three and five are upside moves and waves two and four are corrective periods.

At time of writing, DOGE is trading at $0.372, down 49% from its all-time high of $0.731.

Zooming in, Bluntz shares his forecast for DOGE in the coming days.

“Ideal scenario for DOGE is a slow grind up over the next few days which could set the stage for another parabolic breakout later in the week similar to the last…

I think DOGE is gonna gently remind everyone who the king is this week.”

Image
Source: Bluntz/X

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





Source link

Continue Reading

doge

Dogecoin (DOGE) Eyes $0.50 Again: Is a New Rally on the Horizon?

Published

4 days ago

on

November 18, 2024

By


Dogecoin is consolidating gains above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400.

  • DOGE price started a consolidating like Bitcoin and stayed above the $0.320 resistance level.
  • The price is trading near the $0.3750 level and the 100-hourly simple moving average.
  • There was a break above a key bearish trend line with resistance at $0.3670 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could continue to rally if it clears the $0.400 and $0.4150 resistance levels.

Dogecoin Price Eyes Fresh Surge

Dogecoin price started a consolidating phase above the $0.320 zone like Bitcoin and Ethereum. DOGE formed a base above $0.350 and is currently rising.

There was a move above the $0.3550 and $0.3620 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.4342 swing high to the $0.3400 low. There was also a break above a key bearish trend line with resistance at $0.3670 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading near the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3720 level.

Dogecoin Price

The next major resistance is near the $0.3880 level or the 50% Fib retracement level of the downward move from the $0.4342 swing high to the $0.3400 low. A close above the $0.3880 resistance might send the price toward the $0.400 resistance. Any more gains might send the price toward the $0.4200 level. The next major stop for the bulls might be $0.500.

Are Dips Limited In DOGE?

If DOGE’s price fails to climb above the $0.3720 level, it could start a downside correction. Initial support on the downside is near the $0.3650 level. The next major support is near the $0.3500 level.

The main support sits at $0.320. If there is a downside break below the $0.320 support, the price could decline further. In the stated case, the price might decline toward the $0.300 level or even $0.2950 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.3650 and $0.3500.

Major Resistance Levels – $0.3720 and $0.3880.



Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon