{"id":556943,"date":"2024-07-25T11:52:21","date_gmt":"2024-07-25T11:52:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=556943"},"modified":"2024-07-25T11:52:21","modified_gmt":"2024-07-25T11:52:21","slug":"dogecoin-price-plunges-5-as-ferrari-adopts-crypto-payments-in-europe-and-traders-pivot-to-this-shib-p2e-presale-for-100x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-plunges-5-as-ferrari-adopts-crypto-payments-in-europe-and-traders-pivot-to-this-shib-p2e-presale-for-100x-potential","title":{"rendered":"Dogecoin Price Plunges 5% As Ferrari Adopts Crypto Payments In Europe And Traders Pivot To This SHIB P2E Presale For 100X Potential"},"content":{"rendered":"<p>The Dogecoin price plunged 5% in the last 24 hours to trade for $0.1242 as of 02:45 a.m. EST on trading volume that climbed 4%.<\/p>\n<p>It comes amid broad market weakness with the meme coin sector&rsquo;s market capitalization tumbling 5.4% to $51.5 billion, according to CoinGecko.<\/p>\n<p>Still, DOGE holders and the crypto community broadly are elated by news that Italian luxury carmaker Ferrari is extending the acceptance of cryptocurrency payments to Europe.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ferrari to accept <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> in Europe!<\/p>\n<p>This comes after a successful launch in the U.S <a href=\"https:\/\/t.co\/Udt2tZCDtO\">https:\/\/t.co\/Udt2tZCDtO<\/a> <a href=\"https:\/\/t.co\/o17TIco10x\">pic.twitter.com\/o17TIco10x<\/a><\/p>\n<p>&mdash; Doge Whisperer &#128021; (@TDogewhisperer) <a href=\"https:\/\/twitter.com\/TDogewhisperer\/status\/1816088078915698789?ref_src=twsrc%5Etfw\">July 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Crypto payments were <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ferrari-accept-crypto-payment-its-cars-us-2023-10-14\/\" target=\"_blank\" rel=\"nofollow noopener\">already available in the US<\/a> and will be extended to dealerships across Europe beginning the end of this month. More dealerships across Ferrari&rsquo;s global network will also offer the same scheme towards the end of 2024, provided crypto is accepted in those countries.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: &#127466;&#127482; Ferrari to accept <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> &amp; Ethereum payments in Europe. <a href=\"https:\/\/t.co\/llmJJ3yny8\">pic.twitter.com\/llmJJ3yny8<\/a><\/p>\n<p>&mdash; Watcher.Guru (@WatcherGuru) <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1816089558460821775?ref_src=twsrc%5Etfw\">July 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the US, Ferrari allows crypto purchases using Bitcoin (BTC), Ether (ETH), and Circle&rsquo;s USDC stablecoin (USDC). These payments are processed through BitPay, which converts crypto payments into traditional currency on behalf of Ferrari&rsquo;s dealers.<\/p>\n<p>The conversions happen almost immediately, protecting both the customer and the dealer from price swings while excluding fees for both parties.<\/p>\n<p>With this decision, Ferrari joined BMW, which also experimented with crypto as a means of payment, just like Tesla did for 50 days in 2021.<\/p>\n<h2>Dogecoin Price Prediction<\/h2>\n<p>The Dogecoin price is trading with a bearish bias, recording lower highs over the past several days. The Relative Strength Index (RSI) has just crossed below the mean level of 50, at 49, suggesting falling momentum.<\/p>\n<p>Nevertheless, not all is lost, given that the price remains within the confines of the ascending parallel channel. This technical formation is bullish and promises more gains, but this is contingent on the Dogecoin price remaining within its boundaries.<\/p>\n<p>The Moving Average Convergence Divergence (MACD) is also in positive territory and holding above its signal line. This shows that buying pressure still effectively counterweighs sellers&rsquo; efforts.<\/p>\n<p>Notwithstanding, only a stable candlestick close above the 50% Fibonacci placeholder of $0.1652 would render DOGE attractive to buy. Skeptics, however, may consider waiting for a candlestick close above the 61.8% Fibonacci retracement level of $0.1883.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge.png\"><img decoding=\"async\" class=\"aligncenter wp-image-556945 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge.png\" alt=\"Dogecoin Price\" width=\"1366\" height=\"768\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge.png 1366w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge-300x169.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge-1024x576.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/DOge-768x432.png 768w\" sizes=\"(max-width: 1366px) 100vw, 1366px\"><\/a><\/p>\n<p><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xce6160bb594fc055c943f59de92cee30b8c6b32c\" target=\"_blank\" rel=\"nofollow noopener\">GeckoTerminal: DOGE\/USD 1-day chart<\/a><\/p>\n<p>However, if the lower boundary of the channel breaks, the Dogecoin price could extend the fall. A candlestick close below $0.1150 would toss DOGE in the hands of the bears, potentially triggering massive sell-offs.<\/p>\n<p>In a dire case, the downtrend could extrapolate for the Dogecoin price to revisit the lows of $0.0926, last tested on July 5.<\/p>\n<p>As the DOGE price tumbles, so the Shiba Shootout (SHIBASHOOT) presale is closing on $1 million in funds raised.<\/p>\n<p>The Play-to-Earn (P2E) SHIB derivative offers &rdquo;insane rewards,&rdquo; says popular YouTube channel 99Bitcoins, which boasts over 705K subscribers.<\/p>\n<p><iframe title=\"This Shiba Inu Coin Meme Is Offering Insane Rewards! Do Not Miss Shiba Shootout!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/AuZH1yAVdoE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Promising Alternative To Dogecoin<\/h2>\n<p>SHIBASHOOT is the powering token for <a href=\"https:\/\/insidebitcoins.com\/visit\/shibashootout\" target=\"_blank\" rel=\"nofollow noopener\">Shiba Shootout<\/a>, a project that takes holders to crypto&rsquo;s wild west frontier for the ultimate shootout showdown at a place called Shiba Gulch.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib.jpeg\"><img decoding=\"async\" class=\"alignnone wp-image-556952 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib.jpeg\" alt=\"Shiba Shootout\" width=\"680\" height=\"680\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib.jpeg 680w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib-300x300.jpeg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib-64x64.jpeg 64w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/GTPvfPHXkAA_Zib-86x86.jpeg 86w\" sizes=\"(max-width: 680px) 100vw, 680px\"><\/a><\/p>\n<p>With a basic version of the mobile game available on&nbsp;<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.shiba.duel\" target=\"_blank\" rel=\"nofollow noopener\">Google Play<\/a>&nbsp;and the&nbsp;<a href=\"https:\/\/apps.apple.com\/app\/shiba-duel\/id6504921166\" target=\"_blank\" rel=\"nofollow noopener\">Apple App Store<\/a>, Shiba Sharpshooter will soon receive a huge Web3 update that allows users to earn its utility-packed native token, $SHIBASHOOT.<\/p>\n<p>Investors can also stake SHIBASHOOTOUT for a stratospheric 1,265% annual return.<\/p>\n<p>YouTube crypto expert Michael Wrubel told his 312,000 subscribers that Shiba Shootout is &rdquo;the next 100x Shiba Inu.&rdquo;<\/p>\n<p><iframe title=\"I Found The NEXT 100x Shiba Inu (Shiba Shootout)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/8VqAsBQpRfE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>If you would like to join investors who have already ploughed $785K into the project, you can buy SHIBASHOOT tokens for $0.0197. That price tag that will only last for just under nine days, so don&rsquo;t wait too long to secure the best deal.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/shibashootout\" target=\"_blank\" rel=\"nofollow noopener\">Visit and buy Shiba Shootout here<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-nosedives-15-amid-the-crypto-crash-but-the-new-shiba-shootout-ico-rockets-past-500k\">Shiba Inu Price Prediction: SHIB Nosedives 15% Amid The Crypto Crash, But The New Shiba Shootout ICO Rockets Past $500K<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/heres-why-the-new-meme-coin-shiba-shootout-could-outshine-dogecoin-shiba-inu-and-pepe\">Here&rsquo;s Why the New Meme Coin Shiba Shootout Could Outshine Dogecoin, Shiba Inu, and Pepe<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/shiba-shootouts-high-stakes-battle-is-the-latest-meme-coin-craze-the-next-100x-opportunity\">Shiba Shootout&rsquo;s High-stakes Battle is the Latest Meme Coin Craze &ndash; The Next 100X Opportunity?<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-wild-west-shiba-shootout-is-now-in-the-presale-stage-at-heavily-discounted-prices\">Crypto Wild West: Shiba Shootout is Now in the Presale Stage at Heavily Discounted Prices<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/can-shiba-shootout-dethrone-pepe-soon\">Can Shiba Shootout Dethrone Pepe Soon?<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle\">Best Meme Coins to Invest in: Top Picks for Exponential Gains!<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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