Dogecointothemoon
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for DOGE Dogecoin is $0.053.
Looking forward to read your opinion about it.
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases.
In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog!
Maybe U can use the levels in this chart to track the future price fluctuations.
Enjoy!
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$DOGE.X Next Target PTs .21-.2977-.34 and higherrrrrDogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
$DOGEUSDT PT 49-69 and higher 💫💕🕊️Dogecoin Price & Market Data
Dogecoin price today is $0.165785 with a 24-hour trading volume of $900,137,889. DOGE price is down -1.0% in the last 24 hours. It has a circulating supply of 130 Billion DOGE coins and a total supply of ∞. If you are looking to buy or sell Dogecoin, Binance is currently the most active exchange.
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin in 2021
Fast forward today in 2021, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market.
On May 8th, 2021 the cryptocurrency recorded an all-time-high market cap of nearly $90 billion and trading at a price of $0.70 per DOGE. That is nearly +141,000% increase since its inception in 2013.
Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
Where to buy Dogecoin?
You may buy Dogecoin on centralized exchanges such as Binance, Crypto.com, Coinbase, Bitfinex, and more.
$DOGEUSDT 🌟Dogecoin Price & Market Data
Dogecoin price today is $0.189060 with a 24-hour trading volume of $2,144,519,149. DOGE price is up 0.7% in the last 24 hours. It has a circulating supply of 130 Billion DOGE coins and a total supply of ∞. If you are looking to buy or sell Dogecoin, Binance is currently the most active exchange.
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin in 2021
Fast forward today in 2021, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market.
On May 8th, 2021 the cryptocurrency recorded an all-time-high market cap of nearly $90 billion and trading at a price of $0.70 per DOGE. That is nearly +141,000% increase since its inception in 2013.
Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
Where to buy Dogecoin?
You may buy Dogecoin on centralized exchanges such as Binance, Crypto.com, Coinbase, Bitfinex, and more.
$DOGEUSDT comparison chart with $AMC$AMC is just a stock, $DOGE.X is a crypto hype run so much much more...
That's a nice looking chart
Dogecoin Price & Market Data
Dogecoin price today is $0.156645 with a 24-hour trading volume of $1,145,248,835. DOGE price is down -1.3% in the last 24 hours. It has a circulating supply of 130 Billion DOGE coins and a total supply of ∞. If you are looking to buy or sell Dogecoin, WOO Network is currently the most active exchange.
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin in 2021
Fast forward today in 2021, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market.
On May 8th, 2021 the cryptocurrency recorded an all-time-high market cap of nearly $90 billion and trading at a price of $0.70 per DOGE. That is nearly +141,000% increase since its inception in 2013.
Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
Where to buy Dogecoin?
You may buy Dogecoin on centralized exchanges such as Binance, Crypto.com, Coinbase, Bitfinex, and more.
Doge setting up for a Green weekOn the hr chart you see we just broke the previous downtrend with a nice retest, now we just had a nice push through this resistance with a nice pullback unfolding.
Once we hit the resistance I do believe we will jump off then cross over the 200 EMA followed by a nice Bullish trend moving into next week.
If we have a large pullback that falls below this resistance we may see a Consolidation Phase into next week.
Doge 3 Phase ConsolidationOn the 1 hr chart I broke down the 3 Phases we are going through which will lead us into an overall Consolidation from July 27th running into August.
I believe we will run along the 200 EMA moving into August, then we may see a Pullback dropping below the EMA before we get into the Bull run.
Doge with a Retest on to a PullbackWe very well may see a pullback as we roll into Friday morning as you see we broke the lower resistance & in a Retest.
There is still the possibility to continue this Uptrend, but we seem to be loosing Momentum & Volume as well. I believe this is consolidate as we move through Friday into the weekend.
DOGE eyeing the .618 Golden LineI do believe we will have a slight pullback to .186 price followed by a nice Uptrend moving into the morning. That is of course if BTC doesn't have a massive sell off, which could have us fall too .178 or even lower.
I will continue to update you moving through the early morning & into the afternoon.
Doge Pump Not Done Yet?Here on the 1 hr chart you see we've been on a nice run since the morning of July 20th leading up to The B Word talk.
Looking at the Fib Retracement we see that we touched the Golden line of .618 (.186 price) as well as hit the middle band in the Bollinger Bands, this is typically a strong indication of another Bullish trend. I wouldn't be surprised if we even fell back too .786 line (.178 price) then begin our next Uptrend.
If we do fall too .168 price we may see a Bearish reversal & consolidate around that price moving into Thursday July 22nd.
Still need to monitor BTC moving forward.