Home > Information news > Dogecoin Price Chart Flashes Major Golden Cross That Could Send DOGE And This DeFi Token Rallying 4,333% In 8 Days

Dogecoin Price Chart Flashes Major Golden Cross That Could Send DOGE And This DeFi Token Rallying 4,333% In 8 Days

Release: 2024/11/05 01:34 Reading: 414

Original author:ItsBitcoinWorld

Original source:https://coinmarketcap.com/community/articles/6728feb68499475a11913080

Dogecoin Price Chart Flashes Major Golden Cross That Could Send DOGE And This DeFi Token Rallying 4,333% In 8 Days

Dogecoin Price Surges with Golden Cross Formation

The meme coin, Dogecoin, has recently experienced significant gains. A technical analysis reveals a significant golden cross pattern on DOGE's chart, indicating potential for further price increases. This is the first weekly golden cross for Dogecoin in approximately four years. Additionally, the formation of a daily golden cross suggests a bullish outlook for the Dogecoin price.

Dogecoin Price Target and Bullish Outlook

Analyst TheJW highlights the need for Dogecoin to maintain above the 200-day moving average (MA) until the 50-day MA catches up. Should this occur, a substantial rally for DOGE is likely. The accompanying chart indicates a potential short-term rise to $0.3. However, analysts believe $1 remains a long-term target for Dogecoin.

ETFS Token Gain Expectations

Analysts predict a significant surge in the value of ETFSwap (ETFS) by 4,333% within eight days. This increase is anticipated to coincide with the launch of the ETFSwap beta platform on the Ethereum mainnet. Once launched, high demand is expected for ETFS tokens, driving its price to an estimated $1.7.

ETFSwap Platform Features and Benefits

The ETFSwap platform offers numerous benefits, including:

  • Access to tokenized exchange-traded funds (ETFs)
  • Simplified investment in traditional markets
  • Inclusion of crypto assets like Dogecoin
  • Convenient portfolio diversification

Additionally, ETFSwap boasts anonymous trading through zero-knowledge (ZK) proof technology, eliminating the need for personal identification. The platform also provides:

  • Exclusive investment opportunities
  • Artificial intelligence (AI) powered trading tools for enhanced decision-making

Presale Availability

Investors eager to acquire ETFS tokens can participate in the ongoing presale. Over 60 million tokens have already been sold, leaving less than 10% of the allocation remaining.

Conclusion

With ETFSwap poised for a substantial price increase and potential returns exceeding those of Dogecoin, analysts recommend purchasing the remaining ETFS tokens before the presale concludes.

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