
Dogecoin Price Prediction: DOGE Price at Crucial Support of $0.20, What Happens Next?
The Dogecoin price has corrected over 17% this week, testing the critical $0.20 support level amid broader crypto market uncertainties.
The Dogecoin price has corrected over 17% this week, testing the critical $0.20 support level amid broader crypto market uncertainties.
Dogecoin struggles in a correction phase with declining price and network activity. Despite short-term bearish trends, DOGE maintains strong fundamentals with potential catalysts ahead.
The Dogecoin traders have been facing major heat amid strong market liquidations. The 24-hour liquidation for DOGE has crossed $11.89 million, of which, $10 million is in long liquidations and $1.89 million in short liquidations.
Dogecoin price has significantly underperformed other meme coins in the recent past led by Shiba Inu, Pepe, Floki, and Bonk, among others.
Dogecoin (DOGE) price rallied above 20 cents for the first time in more than two years, thus indicating strong conviction from investors on dog-themed meme coins.
Dogecoin’s daily trading volumes surged by a staggering 50% to $3.17 billion as DOGE price clocks nearly 50% gains over the past week.
Dogecoin has one of the most dedicated communities in the industry and riding on the backing from Elon Musk, chances are that the coin will experience extreme volatility in the coming year.
Following the crypto market sell-off that has been sustained in the past two months, the Doge price is down approximately 88.4 percent from its ATH.
Dogecoin price benefited largely from the Elon Musk Twitter takeover, as the billionaire now looks to take company private.
The decision to register the trademarks is just another step of the non-profit organization to increase advocacy for the meme coin.
A major setback for the Dogecoin network is the fact that it cannot support Dapps, which have significantly fueled the DeFi bull run.
The research points that around 12 Doge addresses account for approximately 68% of the total circulating supply.
Dogecoin market cap has overtaken that of well-established companies like Barclays, Credit Agricole and ING despite the 15% pullback.
Elon Musk said that too much concentration of DOGE coins in the hands of big players is a matter of concern and thus he wants big holders to sell their coins.
DOGE craze spikes in the new 2021 year following endorsements from popular personalities. The recent tweet by adult start Angela White who admits being a DOGE HODLer pushed the crypto’s price to surge over 125% last weekend.