DogeCoin is a cryptocurrency that was created in December 2013. It is based on the popular Shiba Inu dog from the “Doge” internet meme as its mascot.
DogeCoin (DOGE) is a cryptocurrency that was created in December 2013. It has a market capitalization of $1 billion, and it is the third most popular cryptocurrency after Bitcoin and Ethereum. Read more in detail here: dogecoin news today 2021.
AltFINS experts perform technical chart analysis of the top 30 cryptocurrencies in addition to automated chart patterns. These are known as Curated Charts, and they assess five key technical analysis principles: Trend, Momentum, Patterns, Volume, Support, and Resistance.
Technical analysis of DogeCoin (DOGE):
Price went above the 200-day moving average (SMA 200), indicating that the bullish trend is reversing. Price made a Higher High over $0.30, confirming a trend reversal. It’s possible that the $0.40 barrier level may be revisited. The 200-day MA has been acting as a dynamic support level for price. (providing a price alert)
Across all time ranges, there is an upward tendency (Short- Medium- and Long-Term).
Bullish momentum exists, but it is very overbought. (The MACD Line is higher than the MACD Signal Line.) The RSI is bullish (> 55) but very overbought (> 80), suggesting that if price hits Resistance, it may temporarily stop or pull back.
The On Balance Volume (OBV) is increasing, suggesting that traffic on up days exceeds volume on down days. As a result, demand (buyers) outnumbers supply (sellers).
Support and Opposition: The closest support zone is $0.20, followed by $0.16. The closest Resistance Zone is $0.30, which it breached, followed by $0.40. The 200-day MA has been acting as a dynamic support level for price.
Here is a live DogeCoin (DOGE) chart.
More curated charts with technical analysis of coins may be found here.
Recent research and news:
Elon Musk claims that the new Dogecoin (DOGE) version has this important ‘merit.’
DOGE will be listed on Coinbase on June 3rd.
The crypto community isn’t impressed with Elon Musk’s new Dogecoin “trolling.”
Following Elon Musk’s appearance on Saturday Night Live, DOGE dropped 30%.
DOGE is the most honest sh*tcoin, according to Galaxy Digital.
The Gemini exchange has added Dogecoin to its list of cryptocurrencies.
After surpassing Tether’s market cap, Dogecoin enters the top five cryptocurrencies.
DOGE has gotten out of hand? Whales and social media sway The price of Dogecoin is fluctuating.
According to analyst Nicholas Merten, Dogecoin will spark new rallies in undervalued altcoins.
Bitfinex has added trading markets for DOGE/USD and DOGE/USDt.
Dogecoin Could Drop 50% In A Retracement, According To A Pro Trader: Here’s How It Could Happen
As ‘DogeDay’ trended on Twitter, Dogecoin stole the crypto limelight.
More real-time news may be found here.
What is DogeCoin (DOGE) and how does it work?
On the altFINS portal, you may read the entire description as well as the latest news.
Dogecoin is a lighthearted cryptocurrency made famous by the Shiba Inu internet meme.
Dogecoin is a meme cryptocurrency whose mascot is the internet-famous Shiba Inu dog breed. Jackson Palmer first mentioned the idea on Twitter on November 27, 2013, when he mentioned “investing” in “Dogecoin,” a made-up term. Palmer was inspired by several of his friends to launch a genuine enterprise, so he registered dogecoin.com and got to work. Billy Markus came across the webpage and contacted Palmer. Because Bitcoin was plagued by connotations with Silk Road and the dark web when Markus and Palmer developed the protocol, they believed Dogecoin would make the cryptocurrency field more approachable to newcomers. Palmer announced his departure from the project and community on Twitter in June 2014, writing, “Unsubshibing. Peace.” Unlike a number of other cryptocurrencies that were introduced in 2013 and 2014, Dogecoin has shown to be remarkably resistant to crypto-asset market cycles, which is thought to be due to meme longevity.
After Palmer departed the project, Dogecoin became a fairly-launched currency built on the framework of an existing project, Luckycoin, which is itself a code base fork of Litecoin, and arguably has one of the most decentralized peer-to-peer networks. On average, every 60 seconds, new blocks are added to the chain. Its proof-of-work consensus method is based on the scrypt hash function. The scrypt algorithm was created with the intention of making large-scale, custom-hardware assaults prohibitively expensive. It could be mined on home PCs when it first launched, which appealed to cryptocurrency fans at a time when Bitcoin mining was becoming more industrialized and capital demanding. Dogecoin does not have an official white paper, but many enthusiasts have created explanatory papers using blog and forum postings.
Details on the Supply Curve
Mining blocks generate Dogecoin DOGE tokens, which reward miners with a randomized number of coins. Every 100,000 blocks, the randomization range was half. Palmer set a limit of 100 billion DOGE tokens at the start. The cap was lifted in February 2014, allowing an infinite number of DOGE to be produced, transforming the cryptocurrency from a deflationary to an inflationary supply model. The block reward has been set at 10,000 coins every block, with one block mined per minute.
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DogeCoin is a cryptocurrency that was created in 2013. It is based on the popular Doge internet meme. Its total market cap is $1,929,064,802 and it’s price at the time of this writing is $0.001348. Reference: dogecoin dropping fast.
Frequently Asked Questions
Will Dogecoin ever reach $1 2020?
I do not know.
Whats happening to Dogecoin?
Dogecoin is a cryptocurrency that was created in 2013. Its value has been declining over time and it is currently worth 0.0027 USD.
Can doge coin reach $10?
I dont know.
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