With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying that “The damage here is huge,”…
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Though Dogecoin has seen a near 45% rally over the past month, its use cases remain limited, especially given that it can’t interact with smart contracts. 2022 continues to be a year of surprises, with one of the biggest so far being Elon Musk’s decision to acquire social media juggernaut Twitter for a whopping $44…
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Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control. The sentiment across the cryptocurrency ecosystem remains fragile as market participants assess the impact of the FTX crisis on various businesses within and outside of the crypto sector. Trading firm QCP Capital said in its…
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The alpha memecoin, Dogecoin (DOGE), continues to take effect of market volatility. The coin lost its previous gains following the market downtrends. The fledgling coin BTC printed over a 5% decline in the last week and ETH decreased by around 8%. Similarly, the DOGE token was down over 8% on its week-on-week chart, losing 1.27%…
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The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies. The collapse of FTX cryptocurrency exchange has created a liquidity crisis in the crypto space, which could extend the crypto winter through the end of 2023, according to a research report by Coinbase. According…
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DOGE’s price fails to hold amidst market turmoil as price falls back to its support zone with a range-bound movement. DOGE’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. DOGE’s price continues to hold $0.08 on the daily timeframes as…
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Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance. DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar. The price is trading well below the $0.110 zone and the 100 simple moving average…
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Dogecoin was one of the only crypto tokens to trade higher on Saturday, as comments from Elon Musk boosted prices. Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.” Solana on the other hand extended its declines, falling by over 15%. Dogecoin (DOGE) Dogecoin (DOGE) was…
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Ephemeral aspects of pop culture are becoming tradable commodities. That phenomenon will only grow in the years ahead. Attention is the lifeblood of Dogecoin (DOGE) and other memecoins. Much like earnings drive the price of corporate shares, the size and quality of attention captured by memecoins drive their price action. Successful crypto traders understand that…
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Dogecoin has made a strong comeback, rising from a low of $0.071 on November 9 to $0.093 on November 10, gaining more than 25% in 24 hours. Despite this, the Dogecoin price prediction remains bearish, under $0.093, a resistance level that is being extended by a downward trendline. Amid this week’s fluctuating cryptocurrency market, crypto whale investors…
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