Dogecoin Price Surge

Over the past 24 hours, Dogecoin's price has surged by 4%, reaching $0.1089. This rise coincides with an increase in trading volume to $846 million, up 14%.

This recovery follows a surge over the weekend after a significant drop last week.

X Account Announcement

Dogecoin has posted on its X account for the first time since May, sharing an article highlighting its practical use as a medium of exchange for daily transactions.

The project emphasizes its focus on simplicity and accessibility, rather than profit-driven trading.

Dogecoin Price Prediction

Following last week's dip, Dogecoin's price rallied on Friday, briefly reaching $0.114 on Saturday. However, it corrected to $0.10 within 24 hours before another surge early on Monday, July 8.

Technical indicators suggest a positive outlook, indicating a potential bull run. However, these sharp surges often lose momentum, and the RSI (Relative Strength Index) has reached 79.77, indicating traders are buying in large volumes.

Traders who rely on RSI may consider selling soon, leading to a correction. This could occur as Dogecoin approaches the resistance at $0.12, which held back its price 24 hours ago.

Alternatively, the surge could continue if the rally gains enough strength to overcome concerns and attract new buyers.

Alternatives to Dogecoin

Given the potential for another correction, buying Dogecoin now carries some risk. Alternatives are available, such as Shiba Shootout (SHIBASHOOT), a high-potential meme coin ICO in the early stages of development.

Shiba Shootout is a dog-themed meme coin on Ethereum and Binance Smart Chain, combining the Doge meme with a Wild West theme. It features characters and a town called Shiba Gulch, where enthusiasts can participate in challenges and share memes.

The token has utility potential, including staking, and aims to represent innovation, creativity, and the spirit of the Wild West.

토큰은 스테이킹을 포함한 유틸리티 잠재력을 가지고 있으며 혁신, 창의성 및 서부 개척 시대의 정신을 표현하는 것을 목표로 합니다.

Shiba Shootout has gained attention from crypto YouTuber ClayBro, who projects potential returns of 20x after launch.

Shiba Shootout은 출시 후 20배의 잠재적 수익을 예상하는 암호화폐 유튜버 ClayBro의 주목을 받았습니다.

SHIBASHOOT tokens currently sell for $0.0195 and will remain at this price for approximately six days before increasing. Therefore, prospective investors have until the end of the week to secure SHIBASHOOT at the lowest price using ETH, BNB, USDT, or credit/debit cards.

SHIBASHOOT 토큰은 현재 $0.0195에 판매되고 있으며 상승하기 전까지 약 6일 동안 이 가격을 유지합니다. 따라서 예비 투자자는 이번 주말까지 ETH, BNB, USDT 또는 신용/직불 카드를 사용하여 SHIBASHOOT을 최저 가격으로 확보해야 합니다.