Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Can DOGE Breach $0.1 Barrier Amid Meme Coin Surge?

October 27, 2023
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on TwitterShare on E Mail


Dogecoin (DOGE) is driving the bullish wave as soon as once more, experiencing a considerable rally with double-digit positive aspects. Notably, chosen tokens reminiscent of Pepe Coin and Floki Inu have additionally joined the meme coin rally, surging by double digits inside every week. 

Market analysts and fanatics are attributing this surge to the continued pleasure surrounding exchange-traded funds (ETFs), and the value momentum exhibits no indicators of slowing down.

Kaiko, a outstanding determine within the crypto market, was fast to draw consideration to the spectacular value hikes within the meme coin sector. Pepe Coin and Floki Inu, together with Dogecoin, have been main this cost. The thrill surrounding these meme cash has created a constructive ambiance within the crypto sphere. 

$AVAX and $DOGE are up 10% whereas $AAVE is down .25% over the previous 24 hours.

Most markets proceed to surge amid the ETF hype.

Supply: https://t.co/tihRplvItm pic.twitter.com/8Wta3fws49

— Kaiko (@KaikoData) October 26, 2023

Kaiko identified that “most markets proceed to surge amid the ETF hype,” indicating that the broader cryptocurrency market can be benefiting from this newfound optimism.

Dogecoin’s Function In The ETF Frenzy

The cryptocurrency market has been buzzing with anticipation of a spot Bitcoin exchange-traded fund (ETF) for fairly a while. This pleasure has had a direct impression on Bitcoin’s costs, and it has spilled over into the altcoin sector, benefitting Dogecoin amongst others. 

Historically, a surge in Dogecoin costs has signaled an area excessive for Bitcoin and different main tokens. Because of this, merchants are keenly monitoring the Bitcoin value as Dogecoin maintains its upward momentum.

DOGE market cap at present at $9.947 billion on the day by day chart: TradingView.com

Warning Amid Overbought Situations

Whereas the Dogecoin rally is capturing the eye of merchants and traders, warning is warranted. The Relative Power Index (RSI) on the four-hour chart is at present holding at 80, indicating that the market is in an overbought situation. This implies {that a} correction could also be on the horizon. 

Merchants are suggested to maintain an in depth eye on the RSI, and any indicators of it retreating to the impartial space beneath 70 ought to be taken as a sign to shut positions whereas remaining vigilant for potential shopping for alternatives throughout future value dips.

On the time of writing, the present value of Dogecoin, in accordance with CoinGecko, stands at $0.070810, with a marginal 24-hour dip of 0.7%. Nevertheless, the cryptocurrency has boasted a formidable seven-day rally of 18.9%, showcasing the resilience and enduring enchantment of the meme-based digital asset within the face of ongoing market fluctuations.

Within the midst of the meme coin surge, the query of whether or not Dogecoin (DOGE) can break by way of the $0.1 barrier looms massive. As traders and fanatics intently monitor its value actions, the cryptocurrency market continues to be a hub of pleasure and hypothesis.

Featured picture from Shutterstock





Source link

Tags: BarrierbreachCoinDogeMemesurge
Previous Post

Privacy Is A Group Effort

Next Post

Kraken Bolsters UK Presence with New MD

Related Posts

US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’
Crypto Updates

US Lawmakers Seek Audit of Federal Gold, Including ‘Deep Storage’

June 7, 2025
UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes
Crypto Updates

UK to Consider Lifting Ban on Retail Access to Crypto Exchange-Traded Notes

June 7, 2025
XRP Price Could Reach $27 As The Cards Fall Into Place
Crypto Updates

XRP Price Could Reach $27 As The Cards Fall Into Place

June 6, 2025
AI Ronaldo Goes Viral, Meta Oversight Board Intervenes
Crypto Updates

AI Ronaldo Goes Viral, Meta Oversight Board Intervenes

June 6, 2025
Moscow Exchange Opens Bitcoin Futures to Select Investors
Crypto Updates

Moscow Exchange Opens Bitcoin Futures to Select Investors

June 6, 2025
UK Gold Miner Bluebird Pioneers Bitcoin Reserve Move
Crypto Updates

UK Gold Miner Bluebird Pioneers Bitcoin Reserve Move

June 6, 2025
Next Post
Kraken Bolsters UK Presence with New MD

Kraken Bolsters UK Presence with New MD

The book ‘Nineteen Eighty-Four’ is ‘still really relevant’ and everyone should read it

The book 'Nineteen Eighty-Four' is 'still really relevant' and everyone should read it

Financial Freedom And The Fight Against Censorship

Financial Freedom And The Fight Against Censorship

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In