As the king cryptocurrency, Bitcoin, aims for $36,000 again, the downward trend in altcoins seems to be reversing. The performance of BTC price directly affects the rest of the market. Investors expect Bitcoin to continue its upward movement steadily, avoiding the major pullbacks they have been accustomed to for months. But what about the price of Dogecoin (DOGE)?
제왕 암호화폐인 비트코인이 다시 36,000달러를 목표로 하면서 알트코인의 하락 추세가 역전되는 모습입니다. BTC 가격의 성과는 나머지 시장에 직접적인 영향을 미칩니다. 투자자들은 비트코인이 몇 달 동안 익숙했던 주요 하락세를 피하면서 꾸준히 상승세를 이어갈 것으로 기대합니다. 그렇다면 도지코인(DOGE)의 가격은 어떨까요?
Dogecoin (DOGE) Analysis
도지코인(DOGE) 분석
Firstly, we need to look at the miners who have contributed significantly to the price decline. According to the data from the past month, the total reserve of miners has increased from 4.29 billion DOGE to 4.35 billion. This is the highest level since October 24. Miners seem to be optimistic for DOGE as the BTC price continues to rise.
However, miner reserves are far from the 7.45 billion DOGE figure in mid-2022. Below, you can see the accumulation over a longer period. Miners accelerated their selling and halved their balances as interest rate hikes began in 2022.
Did miners stop working, leading to such a reduction in their holdings? No, hash data tells us that miner power is also at a high level. Meme coins are usually the first ones to be abandoned in bear markets but can also bring huge gains in bull markets. It is advisable for investors to closely monitor miner movements and be cautious against potential selling waves. In the long-term chart, we clearly see that miners have pushed the price to deeper lows.
광부들이 일을 멈추고 보유량이 이렇게 줄어들었나요? 아니요, 해시 데이터는 채굴자 파워도 높은 수준에 있음을 알려줍니다. Meme 코인은 일반적으로 약세장에서 가장 먼저 버려지는 코인이지만 강세장에서는 큰 이익을 가져올 수도 있습니다. 투자자들은 채굴자들의 움직임을 면밀히 모니터링하고 잠재적 매도 물결에 주의하는 것이 좋습니다. 장기 차트에서 우리는 채굴자들이 가격을 더 낮은 수준으로 끌어올린 것을 분명히 볼 수 있습니다.
DOGE Price Predictions
DOGE 가격 예측
Putting aside the on-chain aspect, DOGE price is hovering around $0.074. The altcoin, which erased half of yesterday’s gains, found some relief with the recovery of BTC. Daily closes above $0.0752 can target the $0.774 peak. There are no significant factors to support DOGE price from the outside. Elon Musk is busy with his new AI chatbot toy, and the number of strong meme coin alternatives to DOGE is increasing. The latest one is supported by 9gag.
온체인 측면을 제쳐두고 DOGE 가격은 약 $0.074를 맴돌고 있습니다. 어제 상승분의 절반을 지운 알트코인은 BTC가 회복되면서 어느 정도 안도감을 찾았습니다. $0.0752를 넘는 일일 마감은 $0.774 정점을 목표로 할 수 있습니다. 외부에서 DOGE 가격을 지지할 만한 중요한 요소는 없습니다. Elon Musk는 새로운 AI 챗봇 장난감으로 바쁘고 DOGE를 대체할 강력한 밈 코인의 수가 증가하고 있습니다. 최신 버전은 9gag에서 지원됩니다.
Months ago, Elon Musk suggested that the Dogecoin team should focus on development activities. Then, a developer grant/reward program was announced. If there is news about the outcome of these steps, DOGE price could revive. On the other hand, new announcements regarding the DOGE-1 mission could support the price. For now, $0.068 is a good level for a medium-term upward trend, and if the specified levels are surpassed in the short term, a journey towards $0.1 could be possible. However, BTC must remain strong and convince DOGE miners to stop their selling and accumulate around the 7 billion level again.
Continue Reading: https://en.coin-turk.com/will-dogecoin-doge-price-rise-analysis-and-predictions/계속 읽기: https://en.coin-turk.com/will-dogecoin-doge-price-rise-analytic-and-predictions/