{"id":360467,"date":"2022-11-28T13:48:35","date_gmt":"2022-11-28T18:48:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=360467"},"modified":"2022-11-28T13:48:35","modified_gmt":"2022-11-28T18:48:35","slug":"heres-why-dogecoin-price-may-pump-to-0-15-but-calvaria-is-a-more-profitable-alternative","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/heres-why-dogecoin-price-may-pump-to-0-15-but-calvaria-is-a-more-profitable-alternative","title":{"rendered":"Here’s Why Dogecoin Price May Pump to $0.15 – But Calvaria Is a More Profitable Alternative"},"content":{"rendered":"

Doge is entering the week trading down as its price continues to suffer due to the market downturn. However, recent events indicate that the most popular meme coin may experience a price pump, but Calvaria is a more profitable option.<\/p>\n

DOGE Price Action<\/h2>\n

At press time, DOGE trades at $0.09503. The meme coin<\/a> has been trading at a 3.75% discount in the past 24 hours, mirroring the broader market, which is also down by 2.73%. As most major coins are posting losses on the 24-hour chart, it is no surprise that DOGE has also been affected.<\/p>\n

\"Doge<\/p>\n

With its price drop, DOGE is trading below most of its moving average (MA) indicators. The 10-day MA of $0.09582 is slightly above its price, although the 200-day MA of $0.09906 is quite a significant leap. DOGE will need to post some major gains to hit that level.<\/p>\n

A negative moving average convergence divergence (MACD) shows that DOGE is giving off a sell signal, while the asset’s relative strength index (RSI) of 58.70 shows that it isn’t overbought yet.<\/p>\n

Elon Musk Reveals Twitter 2.0 Plans<\/h2>\n

The big catalyst for DOGE at the moment would be the same factor that caused the digital asset’s price to surge significantly last month, Elon Musk and Twitter.<\/p>\n

The billionaire has been working to reshape the social media giant as he sees fit since completing his takeover a little over a month ago. And last week, he finally laid out some of his proposed initiatives for the future.<\/p>\n

Sharing slides<\/a> from a recent company town hall, Musk pointed out that he will prioritize areas such as ad income, encrypted direct messaging (DMs), content moderation, long-form tweets, and more.<\/p>\n

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Slides from my Twitter company talk pic.twitter.com\/8LLXrwylta<\/a><\/p>\n

— Elon Musk (@elonmusk) November 27, 2022<\/a><\/p><\/blockquote>\n