The price of Dogecoin (DOGE) has jumped by 2.5% in the past 24 hours, rising to $0.063922 as the cryptocurrency market as a whole gains by 3.5% today.
This move has enabled DOGE to reenter the top 10 of cryptocurrencies by market cap, with the meme token also up by 5% in a week, while remaning up by only 0.5% in the last 30 days.
Given just how oversold DOGE had been in recent weeks, today's rise may be the start of a sustained new rally, with a recovery in market sentiment (as we enter the last three months of the year) helping to push the meme coin up higher in the next few weeks.
Dogecoin Price Prediction as DOGE Becomes Top 10 Crypto in the World – Is $1 DOGE Possible in 2023?
As with most other major tokens, DOGE is showing plenty of momentum right now, with its indicator becoming more bullish after weeks of overselling.
In particular, DOGE's relative strength index (purple) has climbed from under 40 a few days ago to 60 today, and it's looking very likely that it will continue climbing in the coming days, as the coin's price rises higher.
At the same time, DOGE's 30-day moving average (yellow) has flattened out and now looks like it will begin climbing again, with the indicator still having plenty of space left to rise towards the 200-day average (blue) until the coin becomes overbought.
Capping off the positive picture is the fact that DOGE's support level (green) has shot up in the past couple of days, suggesting that it had truly hit a bottom after weeks of decline.
There's fundamental reason as to why DOGE has rallied today, with the main cause simply being the fact that the entire market has rallied after a couple of bad months.
Bitcoin has led the charge, while a number of other altcoins have risen by higher percentages than DOGE, which has had relatively modest gain by comparison with others.
Still, DOGE had been due to rebound, and it's likely that today's positive reversal could be the beginning of a more sustained recovery, helped on by a gradual improvement in economic data.
As for whether DOGE can outperform other major tokens, this question will depend on if and when X (formerly Twitter) will ever introduce cryptocurrency – and particularly DOGE – payments.
There's no real indication that this will happen anytime soon, but with X forging ahead with its obtaining of money transmitter licences, it's clear that the social media company wants to move into digital finance.
And if DOGE is added in one way or another to X, then it would undoubtedly skyrocket, potentially hitting $0.10 in a matter of days, before moving back up towards $0.3 or higher.
New Altcoins With Higher Potential
Because DOGE is almost entirely reliant on Elon Musk and/or X for its gains, many traders may prefer to expand their portfolios into other altcoins and meme tokens, with a number of presale coins looking especially promising at the moment.
One of the most interesting new tokens in the market right now is Meme Kombat (MK), an Ethereum-based gaming platform where users will place bets on AI-generated fights between well-known meme characters.
Opened only a couple of weeks ago, Meme Kombat's presale has already raised over $200,000, providing some indication of the enthusiastic response to the new project from the wider cryptocurrency community.
What sets Meme Kombat apart from the crowd of new altcoins is its unique mix of battle gaming and gambling, with users rewarded in the form of MK tokens whenver they correctly bet on a certain outcome in the platform's AI-powered meme battles.
As a token, MK will have a very limited supply of only 12 million, making it a very deflationary cryptocurrency in the long run.
Aside from using it to bet on battles, users will also be able to stake the token, earning them a passive income.
50% of the token's overall supply has been reserved for the presale, while another 30% is going towards staking and battle rewards.
Meme Kombat has also held 10% of its supply for community rewards, thereby providing its followers with an incentive for engaging with the platform and championing it to other investors.
New buyers can join the sale by visiting the official Meme Kombat website, where 1 MK token costs $1.667.
It will sell at this price for the entirety of the sale, although it could easily rise much higher once the exciting new token lists on exchanges.
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.
来源:TradingView 狗狗币(DOGE)的价格在过去 24 小时内上涨了 2.5%,上涨至 0.063922 美元,今天整个加密货币市场上涨了 3.5%。此举使 DOGE 重新进入加密货币市场前 10 名。上限,meme 代币在一周内也上涨了 5%,而在过去 30 天内仅上涨了 0.5%。考虑到 DOGE 最近几周的超卖程度,今天的上涨可能是持续新一轮反弹的开始,随着市场情绪的复苏(当我们进入今年的最后三个月时),有助于在接下来的几周内推高 meme 币。 随着 DOGE 成为世界十大加密货币,狗狗币价格预测 – 1 美元 DOGE 是可能的2023 年?与大多数其他主要代币一样,DOGE 目前表现出充足的动力,其指标在经过数周的超卖后变得更加看涨。来源:TradingView 特别是,DOGE 的相对强度指数(紫色)几天内已从 40 以下攀升前至今天的 60,随着代币价格上涨,未来几天它很可能会继续攀升。与此同时,DOGE 的 30 天移动平均线(黄色)已经趋于平缓,现在看起来会再次开始攀升,该指标仍有足够的空间向 200 日均线(蓝色)上升,直到代币变得超买。最积极的一面是 DOGE 的支撑位(绿色)在过去几天,这表明它在经历了几周的下跌后,确实已经触底。DOGE今天上涨有根本原因,主要原因就是整个市场在经历了几个月的糟糕表现后出现了反弹。比特币处于领先地位,而许多其他山寨币的涨幅高于 DOGE,与其他货币相比,DOGE 的涨幅相对较小。不过,DOGE 一直在反弹,今天的积极逆转很可能是在经济数据逐步改善的帮助下,开始了更持续的复苏。至于 DOGE 是否能够超越其他主要代币,这个问题将取决于 X(前身为 Twitter)是否以及何时引入加密货币(尤其是 DOGE)支付没有真正的迹象表明这会很快发生,但随着 X 不断取得货币传输许可证,很明显这家社交媒体公司希望进入数字金融领域。如果 DOGE 以某种方式添加到X,那么它无疑会飙升,可能在几天内达到 0.10 美元,然后回升至 0.3 美元或更高。具有更高潜力的新山寨币因为 DOGE 几乎完全依赖埃隆·马斯克和/或 X 来获取收益,许多交易者可能会更愿意将其投资组合扩展到其他山寨币和 Meme 代币,其中一些预售代币目前看起来特别有前途。目前市场上最有趣的新代币之一是 Meme Kombat (MK),一个基于以太坊的游戏平台用户可以对 AI 生成的知名 Meme 角色之间的战斗进行投注。Meme Kombat 仅在几周前开放,其预售已筹集超过 20 万美元,这表明了更广泛的加密货币社区对新项目的热烈反响Meme Kombat 与众多新山寨币的区别在于其独特的战斗游戏和赌博组合,只要用户在平台 AI 驱动的 Meme 战斗中正确押注于某个结果,他们就会以 MK 代币的形式获得奖励。 MK 的供应量非常有限,只有 1200 万枚,从长远来看,它是一种通缩性很强的加密货币。除了用它来投注战斗之外,用户还可以抵押该代币,获得被动收入。代币总供应量的 50% 已预留用于预售,另外 30% 用于质押和战斗奖励。Meme Kombat 还持有 10% 的供应量用于社区奖励,从而为其追随者提供参与的激励新买家可以通过访问 Meme Kombat 官方网站加入销售,其中 1 个 MK 代币售价为 1.667 美元。在整个销售过程中,它将以此价格出售,尽管它很容易涨得更高一旦令人兴奋的新代币在交易所上市。立即访问 Meme Kombat 免责声明:加密货币是一种高风险资产类别。本文仅供参考,不构成投资建议。您可能会损失所有资本。
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