Dogecoin Fans Are Calling Out For This Urgent Change

Updated: 05 June 2023

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The fans of Dogecoin are unlikely to see an improvement soon, as DOGE is more likely to drop below its support level than to rise above resistance.

DOGE Fans Demand Urgent Change as Doge Shows Uncertainty

Traders are currently focusing on other meme coins, causing them to shift their investments away from DOGE. This shift has led to a significant decrease in DOGE’s trading volume, now at around $151 million compared to over $1 billion. Since Dogecoin lacks use, any decline in demand negatively affects its price.

Furthermore, Elon Musk’s support for Dogecoin has caused short-lived rallies, with the token’s price dropping as soon as Musk changed his Twitter logo. There are even reports of Dogecoin blaming Musk for insider trading.

To put this into better perspective, if DOGE were to reach $1, its market capitalization would need to surpass that of Tether (USDT) and USD Coin (USDC) combined, accounting for over 60% of Ethereum’s market cap.

At the time of writing, Dogecoin (DOGE) is trading at $0.071818 with a 24-hour trading volume of $209,546,325. It has experienced a price decline of 1.12% in the last 24 hours and 2.02% in the past 7 days. With a circulating supply of 140 billion DOGE, Dogecoin’s market cap is valued at $10,022,731,322.

Dogecoin (DOGE) has underperformed the global cryptocurrency market, falling 1.90% in the last 7 days. When compared to similar BNB Chain Ecosystem cryptocurrencies, it has also shown underperformance, as they are up 1.00%.

The trading volume of Dogecoin (DOGE) in the last 24 hours is $209,541,554, indicating a 44.20% increase compared to the previous day. This suggests a recent rise in market activity for DOGE. The highest price ever paid for Dogecoin (DOGE) was $0.731578, recorded on May 8, 2021, approximately 2 years ago. The price is 90.19% lower than its all-time high.

DOGE Price Prediction – Dogecoin Price on Consolidation

Dogecoin’s price direction is uncertain, considering its current position below the 50-day and 200-day Exponential Moving Average (EMA). As indicated by the key moving average indicators, significant selling pressure adds to the uncertainty. If DOGE’s price drops below the support level at $0.07, it could trigger additional selling.

Dogecoin’s chances of reaching the $1 milestone seem unlikely based on its current price of $0.072 and market capitalization of $10 billion. Achieving such a significant feat is highly improbable for any cryptocurrency. While some analysts predict a potential upswing, the most realistic target for June would be $0.1, which is still a substantial increase considering the current state of DOGE. However, if Dogecoin breaks below the $0.070 support level, the next support level to watch would be $0.060.

Considering these circumstances, exploring alternative cryptocurrencies like Copium (COPIUM) that hold the potential for significant milestones may be worthwhile.

Copium (COPIUM) A Promising Altcoin with Memetic Potential – Alternative

COPIUM is gaining significant attention through viral memes on social media platforms like Twitter and Reddit. Since its launch, it has experienced a remarkable 700% growth, surpassing other alternative coins such as Pepe Coin. The project aims to rebuild trust in the crypto community by offering an altcoin that emphasizes harmony and humor.

Investors are attracted to Copium for various reasons, including the sense of community and support they find within its network. It provides a fresh opportunity for those who may have faced setbacks in the market or made mistakes with their investments.

Additionally, Copium offers an enticing NFT airdrop to its top holders, further incentivizing participation. The token tank feature enables holders to track the progress of their investments quickly.

Copium NFT Tank Airdrop accumulation came to an end!

Check the doc. below for the details of the winners! $COPIUM pic.twitter.com/vIIeIaJNxf

— $COPIUM (@COPIUMDROP) June 4, 2023

The tight-knit community surrounding Copium is a strong advocate and promoter of the project. The long-term success of the coin remains uncertain. However, COPIUM has emerged as one of the prominent altcoins worth considering for investment.

Furthermore, $COPIUM presents an opportunity to maximize your investment returns. If you missed out on explosive coins like PEPE or SHIB in the past, investing in COPIUM would be a wise choice.

At the time of writing, $COPIUM is trading at $0.0012272, as it aims to reclaim its all-time high and continue pumping even higher. The price of $COPIUM has established a strong support level at $0.001223 and shows no signs of reversing, as it steadily climbs along an ascending trendline.

The current trajectory of $COPIUM’s price indicates a potentially parabolic surge in the near term. Those who hope to “buy the rumor and sell the news” might miss out on significant gains, possibly reaching 100x returns, that await $COPIUM.