The crypto ecosystem is still struggling to get off its feet after a tumultuous trailing seven-day period that saw over $1 billion removed from the industry through liquidations. At the time of writing, the combined crypto market cap is still
stagnating at $1.05 trillion, with hopes for revival now hinging on top altcoins like Dogecoin (DOGE), with known volatility and price swings.
Dogecoin is one of the altcoins whose buying momentum has fueled a minor upswing in its price in the past 24 hours. The meme coin is changing hands at a price of $0.06312 after recording a slight jump of 2%.
Dogecoin은 지난 24시간 동안 매수 모멘텀으로 가격이 소폭 상승한 알트코인 중 하나입니다. 밈 코인은 2%의 소폭 상승을 기록한 후 $0.06312의 가격으로 거래되고 있습니다.
DOGE Price Chart. Source: CoinMarketCap
Undoubtedly, the anticipation being nursed by some members of the Doge army that the premier meme coin can fuel the next rally in the market appears far-fetched, as the only trigger for the coin is Elon Musk, who appears to care less about Dogecoin in recent times.
의심할 여지없이, 최고의 밈 코인이 시장의 다음 랠리를 촉진할 수 있다는 Doge 군대의 일부 구성원에 의해 간호되고 있는 기대는 터무니없는 것처럼 보입니다. 왜냐하면 이 코인의 유일한 방아쇠는 Dogecoin에 대해 덜 신경 쓰는 것처럼 보이는 Elon Musk이기 때문입니다. 최근.
While a tweet from Musk, based on
prior records, can fuel the expected rally of Dogecoin and by extension the broader market, the odds of that happening is low as the X app owner is more spontaneous with his engagements in crypto.
이전 기록을 바탕으로 한 머스크의 트윗은 도지코인의 예상 랠리를 촉진하고 더 넓은 시장으로 확장할 수 있지만, X 앱 소유자가 암호화폐에 더 자발적으로 참여하기 때문에 그런 일이 일어날 확률은 낮습니다.
Other probable market triggers
With more than 9,000 digital currencies trading on exchanges today, each has its own ecosystem and fundamentals that can equally help in shaping the broader market sentiment and momentum. The industry is, however, highly keen on two key subjects, including Bitcoin spot ETF
approval from the U.S. SEC and the ongoing Ripple and Coinbase lawsuits.
Each of these events has a connection with the SEC and, as such, on the regulatory landscape governing digital currency administration in the United States. Each step in the Ripple v. SEC lawsuit will increase positivity and a show win for the crypto market, which will have a
bullish upside in the near to long term.
이러한 각 이벤트는 SEC 및 미국의 디지털 통화 관리를 관리하는 규제 환경과 관련이 있습니다. Ripple 대 SEC 소송의 각 단계는 암호화폐 시장에 대한 긍정적인 평가와 승리를 증가시켜 단기적으로는 긍정적인 상승세를 가져올 것입니다.
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