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.}

来源：TradingView 由于加密货币市场继续面临恶劣的环境，狗狗币 (DOGE) 的价格今天下跌，meme 代币在过去 24 小时内下跌了 2%。DOGE 的价格为 0.060220 美元，一周内也下跌了 6%，一个月内下跌了 5%，而最初的 Meme 币自年初以来已下跌 14%。自 1 月份以来的下跌与许多其他主要代币（例如 BTC、ETH、XRP）形成鲜明对比，DOGE 看起来正在遭受痛苦长期下跌。然而，狗狗币社区仍然希望 X（以前的 Twitter）最终引入加密货币支付，DOGE 最终可能会迎来大卷土重来。狗狗币价格预测为 1 美元徘徊——牛市即将来临DOGE？DOGE的图表目前看起来相当严峻，而且这种情况已经持续了一个多月了，其指标没有立即出现复苏的迹象。来源：TradingView其相对强弱指数（紫色）自中期以来一直保持在50以下8 月以来，实际上大部分时间都低于 40 并接近 30，这表明出现了严重的超卖。 DOGE 的 30 日 EMA（黄色）已大大低于其 200 日均线，这一事实强化了这一令人担忧的情况（今年的大部分时间里，这再次表明它正处于漫长的下跌过程中。就代币的支撑位（绿色）而言，它看起来也很糟糕，该支撑位自 8 月中旬以来一直在下滑，可能会进一步下跌。在可预见的未来，很容易继续下滑。狗狗币的问题在于，陷入持续的熊市之中，没有任何基本面支撑它并保护它免受持续下跌的影响。很难记得狗狗币是什么时候看到最后一个重要部分的新闻或更新，该币几乎完全在等待埃隆·马斯克（Elon Musk）在推特上发布一些对 meme 代币的愚蠢提及，以支撑它。就长期前景而言，其社区希望 DOGE 支付最终能够到达 X，这肯定是朝着一个方向发展，表明它打算引入某种数字支付。事实上，最近几个月 X 收到了货币传输许可证，这意味着它已经接近能够提供金融和/或支付的地步当然，引入支付的计划并不能保证此类计划将涉及 DOGE，即使马斯克不可否认的是 meme 代币的长期支持者。由于这种不确定性，很难说 DOGE 是否会享受重大优惠在不久的将来复苏。假设 DOGE 付款确实到达 X，即使不是高出很多，它也很容易返回 0.10 美元。但如果他们不这样做，meme 代币可能会继续看似不可阻挡的下跌，跌破一个支撑位在接下来的几个月里，除非另一个牛市到来。 基本面更强的代币 厌倦了没有基本面的代币的交易者可能更愿意关注市场上一些确实拥有实际用例的新代币，其中一些目前持有预售权例如，TG.Casino (TGC) 是一个将在线投注与社交网络相结合的去中心化赌场平台。几周前开始预售其原生 TGC 代币，TG.Casino 已经筹集了超过 500,000 美元，这表明投资者被其基本面和路线图所吸引。作为一个赌场平台，TG.Casino 提供各种各样的在线游戏和赌博体验，其平台已经推出并已经开始吸引不断增长的用户群。但是该平台与竞争对手的不同之处在于，它还在 Telegram 上运行，并开始使用 Telegram 来进入流行的社交消息应用程序上已有的大型在线社区。Telegram 的这种利用为 TG.Casino 带来了领先于许多竞争对手，该平台成功筹集了 50 万美元，这表明该应用程序的使用已经得到了回报。其原生代币 TGC 的硬上限为 1 亿，其中 40% 将用于其预售中，20% 用于质押奖励，10% 用于游戏奖励。这样的分配可能会激发社区的更多参与，从而增加 TG.Casino 拥有长期且富有成果的生命周期的机会。新买家可以加入预售前往 TG.Casino 官方网站，其中 1 个 TGC 的价格为 0.125 美元。TGC 在整个预售期间将保持这个价格，但一旦在未来几周内在交易所上市，它可能会轻松上涨。访问 TG.Casino Now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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