Get started

Dogeusd

$DOGEUSDT What is Dogecoin (DOGE)? 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 2022 Fast forward today in 2022, 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. 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.
Long
by BADQOMOCAWGOWLD
DOGE, Something Happened in DogetownDoge broke out from the descending widening wedge which started with the peak on November 1st. This is an odd behavior considering the catastrophe that befell crypto. But maybe there is speculation that Elon will buy FTX pennies on the dollar, renaming it Dogetown, saving crypto and FTX at the same time and pumping Doge. The first target is 0.119, this is the measured move of the descending widening wedge. RSI is on the rise and seems to be following an ascending trendline. The orange path is from an experimental AI that I designed. I don't know how reliable it is, I drew the path based on its recommendation for back testing. There is of course the bearish scenario, where everybody lose trust in the exchanges and cold storage their coins and nobody is left to buy. In this case 2 cents inside the descending widening wedge is a viable target. 2 cents is the target of my idea below from one year ago. Don't think Elon will allow it.
Long
by nagihatoum
Heavy sales pressure!DOGECOIN has seen extreme volatility over the past week. The price of this currency stopped after its stunning growth up to the resistance range of $0.15. Then, with the continuation of the downward trend of Bitcoin and increasing selling pressure, the price of Dogecoin fell to the support of $0.080. This support was temporarily broken, but the last two days' strong pullback above this range has increased the bullish tendencies of Dogecoin to retest previous resistances. We can consider a downward trend line in the 4-hour time frame on the chart. If we break this dynamic resistance and pullback to this trend line and maintain the important trend support of $0.080, we can expect Dogecoin to grow again. But in general, due to the heavy selling pressure in this currency, Dogecoin needs a time correction, and there is a possibility that the price of Dogecoin will range between this support and the resistance of $0.100.
by MonoCoinSignal
7