Dogecoin Price Prediction as DOGE Pumps Up 5% – Is Musk Buying?

Updated: 26 July 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Dogecoin’s (DOGE) price rose 5% in 24 hours, reaching $0.08380. The social media giant rebranded as ‘X’ recently, which added to the buzz. No confirmed news about Elon Musk buying Dogecoin or any other cryptocurrency exists. The rebranding has created excitement, but assuming DOGE payments integration is premature.

pic.twitter.com/dxbsqwcYv7

— Elon Musk (@elonmusk) July 25, 2023

Dogecoin is trading at $0.07873 right now with 1.270 billion in trading volume, up 1.20%. In the last 30 days, DOGE has gone up 19.61%, and in the last week, it’s gone up 14.30%. As Dogecoin continues to gain momentum, the crypto community is paying attention!

DOGE Statistics:

DOGE’s Price – $0.7873
DOGE Market cap – $11.050 Billion
DOGE Circulating supply – 140.33B DOGE
DOGE Total supply – 140.33B DOGE
DOGE CoinMarketCap ranking – 7

Dogecoin Price Prediction as DOGE Pumps Up 5% – Is Musk Buying? — Source: CoinMarketCap

Crucial Levels to Monitor for Price Movements

The DOGE’s daily chart holds essential clues! The price might face resistance at $0.08474 on its way up, but supportive buyers could lead to more gains. Watch out for a critical support level at $0.07848; a drop here could mean significant losses. However, there’s still hope for upward momentum even if the support level holds.

If the price ventures below the established range, look for resistance at $0.08474 and $0.08993 and support at $0.07848 and $0.07078. If buyers keep the price above the 30-day and 50-day moving averages, expect a surge beyond the range, possibly reaching $0.08560 or more.

DOGE’s relative strength index above 50 indicates a potential sign of solid momentum.

All signs point to a potential price increase soon. Be cautious; gains could vanish quickly if the price falls below the moving averages. Set a stop-loss order to protect your profits and minimize losses. Stay vigilant in the DOGE market!

Alternative DOGE

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As BTC20 tokens are available at $1 each in the presale, investors are rushing to secure their spot as the project approaches its $3 million soft cap.

Investors are excited about the passive income opportunity. The issuance of BTC20 mirrors Bitcoin’s history since 2011, rewarding token holders who stake their tokens instead of mining. The staking program could lead to 65% APY, which encourages HODLing and reduces the risk of a significant price drop.

The buzz around BTC20 is spreading like wildfire in the crypto community, getting media coverage in major outlets like Beincrypto, Cointelegraph, and more. BTC20 is also getting some attention, with YouTuber Jacub Crypto Bury calling it the “next bitcoin.”

BTC20: A Greener and Easier Path to Higher Yields than Bitcoin Mining

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BTC20, on the other hand, just requires you to stake your tokens. The yields are higher, too, since BTC20 brings back the higher bitcoin issuance rate from 2011.

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