The price of Dogecoin (DOGE) has dropped today as the cryptocurrency market continues to weather poor conditions, with the meme token falling by 2% in the past 24 hours.

At $0.060220, DOGE is also down by 6% in a week and by 5% in a month, with the original meme coin having fallen by 14% since the beginning of the year.

This fall since January contrasts strongly with many other major tokens (e.g. BTC, ETH, XRP), with DOGE looking like it's suffering a long-term decline.

However, the Dogecoin community still hoping that X (formerly Twitter) will eventually introduce cryptocurrency payments, DOGE could witness a big comeback eventually.

Dogecoin Price Prediction as Hopes for $1 Linger – Is a Bull Market on the Horizon for DOGE?

DOGE's chart looks fairly grim at the moment, and it has looked this way for well over a month now, with its indicators showing no immediate signs of recovery.

Its relative strength index (purple) has remained below 50 since the middle of August, and has actually been below 40 and close to 30 for much of this time, indicating some serious overselling.

Reinforcing this concerning picture is the fact that DOGE's 30-day EMA (yellow) has been comfortably below its 200-day average (blue) for much of the year, something which again suggests it's in the middle of a drawn out process of decline.

It also looks bad as far as the coin's support level (green), which has been sliding since the middle of August and could easily continue sliding for the foreseeable future.

The problem with DOGE is that, caught in the middle of an ongoing bear market, there is nothing fundamental holding it up and protecting it from ongoing falls.

It's hard to remember when Dogecoin saw its last significant piece of news or update, with the coin almost exclusively waiting for Elon Musk to tweet some inane reference to meme token in order to prop it up.

As far as the longer term picture goes, its community is hoping that DOGE payments eventually come to X, which is certainly moving in a direction that would suggest it intends to introduce digital payments of some kind.

Indeed, recent months have seen X receive money transmitter licenses, meaning that it's nearing the point where it will be able to offer financial and/or payment services.

Of course, plans to introduce payments doesn't guarantee that such plans will involve DOGE, even if Musk is undeniably a long-term supporter of the meme token.

Because of this uncertainty, it's hard to say whether DOGE will enjoy a major recovery in the not-too distant future.

Assuming that DOGE payments do come to X, it could easily return $0.10 if not much higher.

But if they don't, the meme token could continue its seemingly inexorable decline, falling through one support level after another in the coming months, unless another bull market arrives.

Fundamentally Stronger Coins

Traders tired of coins without fundamentals may prefer to look at some of the newer tokens on the market that do boast actual use cases, with some of these currently holding their presales right now.

For example, TG.Casino (TGC) is a decentralized casino platform that will combine online betting with social networking.

Having begun the presale for its native TGC token a few weeks ago, TG.Casino has already raised in excess of $500,000, a sign that investors are being won over by its fundamentals and roadmap.

As a casino platform, TG.Casino offers a wide variety of online games and gambling experiences, with its platform having already launched and having already begun attracting a growing userbase.

But what distinguishes the platform from its rivals is the fact that it also operates on Telegram, which it has begun using in order to tap into the large online communities that already exist on the popular social messaging app.

This harnessing of Telegram has given TG.Casino a headstart over many of its competitors, with the platform's success in a raising half a million dollars suggesting that the use of the app is already paying off.

Its native token, TGC, will have a hard cap of 100 million, with 40% going to its presale, 20% going to staking rewards and 10% to gaming rewards.

Such a distribution is likely to motivate greater involvement from its community, increasing the chances that TG.Casino will have a long and fruitful lifespan.

New buyers can join the presale by heading over to the official TG.Casino website, where 1 TGC costs $0.125.

TGC will remain at this price for the entire presale, yet once it lists on exchanges in the next few weeks it could easily rise much higher.

Visit TG.Casino Now

^{Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.}

資料來源：TradingView 由於加密貨幣市場繼續面臨惡劣的環境，狗狗幣(DOGE) 的價格今天下跌，meme 代幣在過去24 小時內下跌了2%。DOGE 的價格為0.060220 美元，一周內也下跌了6 %，一個月內下跌了5%，而最初的Meme 幣自年初以來已下跌14%。自1 月以來的下跌與許多其他主要代幣（例如BTC、ETH、XRP）形成鮮明對比，DOGE 看起來正在遭受痛苦長期下跌。然而，狗狗幣社區仍然希望 X（以前的 Twitter）最終引入加密貨幣支付，DOGE 最終可能會迎來大捲土重來。狗狗幣價格預測為 1 美元徘徊——牛市即將來臨DOGE ？DOGE的圖表目前看起來相當嚴峻，而且這種情況已經持續了一個多月了，其指標沒有立即出現復甦的跡象。來源：TradingView其相對強弱指數（紫色）自中期以來一直保持在50以下自8 月以來，實際上大部分時間都低於40 並接近30，這表明出現了嚴重的超賣。DOGE 的30 日 EMA（黃色）已大大低於其200 日均線，這一事實強化了這一令人擔憂的情況（今年的大部分時間裡，這再次表明它正處於漫長的下跌過程中。就代幣的支撐位（綠色）而言，它看起來也很糟糕，該支撐位自8 月中旬以來一直在下滑，可能會進一步下跌。在可預見的未來，很容易繼續下滑。狗狗幣的問題在於，陷入持續的熊市之中，沒有任何基本面支撐它並保護它免受持續下跌的影響。很難記得狗狗幣是什麼時候看到最後一個重要部分的新聞或更新，該幣幾乎完全在等待埃隆·馬斯克（Elon Musk）在推特上發布一些對meme 代幣的愚蠢提及，以支撐它。就長期前景而言，其社區希望DOGE 支付最終能夠到達X，這肯定是朝著一個方向發展，表明它打算引入某種數位支付。事實上，最近幾個月X 收到了貨幣傳輸許可證，這意味著它已經接近能夠提供金融和/或支付的地步當然，引入支付的計劃並不能保證此類計劃將涉及DOGE，即使馬斯克不可否認的是meme 代幣的長期支持者。由於這種不確定性，很難說DOGE 是否會享受重大優惠在不久的將來復甦。假設DOGE 付款確實到達X，即使不是高出很多，它也很容易返回0.10 美元。但如果他們不這樣做， meme 代幣可能會繼續看似不可阻擋的下跌，跌破一個支撐位除非另一個牛市到來，否則未來幾個月會出現一個又一個。基本面更強的代幣厭倦了沒有基本面的代幣的交易者可能更願意關注市場上一些確實擁有實際用例的新代幣，其中一些目前持有預售權例如，TG.Casino (TGC) 是一個將線上投注與社交網路相結合的去中心化賭場平台。幾週前開始預售其原生TGC 代幣，TG.Casino 已經籌集了超過50 萬美元，這表明投資者被其基本面和路線圖所吸引。作為一個賭場平台，TG.Casino 提供各種各樣樣的線上遊戲和賭博體驗，其平台已經推出並已經開始吸引不斷增長的用戶群。但該平台與其競爭對手的區別在於，它還在Telegram 上運行，並開始使用Telegram 來進入流行的社交訊息應用程式上已有的大型線上社群。Telegram 的這種利用為TG.Casino 帶來了領先於許多競爭對手，該平台成功籌集了50 萬美元，這表明該應用程式的使用已經得到了回報。其原生代幣TGC 的硬上限為1 億，其中40% 將用於其預售中，20% 用於質押獎勵，10% 用於遊戲獎勵。這樣的分配可能會激發其社區的更多參與，從而增加TG .Casino 擁有長期且富有成效的生命週期的機會。新買家可以加入預售前往TG.Casino 官方網站，其中1 個TGC 的價格為0.125 美元。TGC 在整個預售期間將保持這個價格，但一旦在未來幾週內在交易所上市，它可能會輕鬆上漲。訪問TG.Casino Now免責聲明：加密貨幣是一種高風險資產類別。本文僅供參考，不構成投資建議。您可能會損失所有資本。

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