Thursday, August 11, 2022
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Alt Coins Dogecoin

Dogecoin price prediction: DOGE hopes for $0.50 as interest stagnates | City & Business | Finance

cryptonews100_tggfrn by cryptonews100_tggfrn
November 1, 2021
in Dogecoin
0
Dogecoin price prediction: DOGE hopes for $0.50 as interest stagnates | City & Business | Finance
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


DOGE has outcompeted probably the most established cash available on the market however had hassle matching the greenback this 12 months. The token’s reliance on its meme mascot means it’s extra unstable than Bitcoin (BTC) and Ethereum (ETH), and its worth typically shifts on a whim. That truth has created dramatic crests and troughs in its worth this 12 months, nevertheless it has lately settled, partly as a result of some traders appear to have misplaced interest.

At current, folks can snap up the coin for $0.25 (£0.18) apiece, as DOGE has declined by roughly six p.c over the past 24 hours.

Milder declines like this aren’t completely uncommon, as the coin is climbing down from a latest rally that noticed it attain $0.29 (£0.21) on October 29.

However on that day, buying and selling platform Robinhood revealed interest on its platform had markedly dropped off.

On Friday, the brokerage revealed its transaction-based revenues attributable to the Shiba Inu-themed foreign money had dropped to a latest low.

READ MORE: Squid Game cryptocurrency explodes- too good to be true?

The coin as soon as represented a big chunk of Robinhood income – as much as practically one third in Could – and is now down to simply eight p.c.

Translated to greenback worth, DOGE makes up roughly $30 million (£21.9 million) of the brokerage’s $364.9 million (£266 million) web revenues.

And whereas nonetheless spectacular, it marks an plain drop-off in interest for the coin that outlined a motion in early 2021.

Information reveals that information could have knocked DOGE’s confidence as it continues to battle.

DOGE has anchored within the low price vary for months now, trapped between $0.20 (£0.15) and $0.30 (£0.22) since Could.

Round spring and summer time, DOGE managed to peak at $0.68 (£0.50), the closest it has ever obtained to the greenback in its eight-year lifespan.

Buyers aren’t as bullish as they as soon as have been that it might attain that top once more after which break by means of to the greenback, nevertheless it might brush $0.50 (£0.37).

Analysts have urged it might quickly attain the $0.45 (£0.33) mark as the present worth downtrend suggests a possibility for shopping for.

DON’T MISS

Whereas DOGE backers wait for their coin to regain composure, a number of of its family members have overtaken it.

Shiba Inu, an offshoot that builders minted earlier this 12 months, has shot to $0.00006620 (£0.000048).

The worth, a complete improve of 85.5 million p.c since early 2021, lately made it the ninth hottest cryptocurrency on the CoinMarketCap alternate.

SHIB is one place above DOGE, which sits in tenth.





Source link

Related articles

Crypto Flipsider News – Coinbase, Binance + Animoca Brands Cut Off Russian Users; Terra Surpass ETH in Staking; Hackers Stole Nvidia’s Data; NFT Vending Machine in New York

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin And Ethereum, Here’s How Much You’d Have Now By Benzinga

August 11, 2022
Houston Outlaws adds support Lep and tank Doge

Houston Outlaws adds support Lep and tank Doge

August 10, 2022
Tags: BusinessCityDOGEDogecoinfinancehopesinterestpredictionpricestagnates
Share76Tweet47
kucoin-exchange

Related Posts

Crypto Flipsider News – Coinbase, Binance + Animoca Brands Cut Off Russian Users; Terra Surpass ETH in Staking; Hackers Stole Nvidia’s Data; NFT Vending Machine in New York

If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin And Ethereum, Here’s How Much You’d Have Now By Benzinga

by cryptonews100_tggfrn
August 11, 2022
0

(*3*)If You Invested Your 3 Stimulus Checks In Bitcoin, Dogecoin And Ethereum, Here's How Much You'd Have Now In 2020,...

Houston Outlaws adds support Lep and tank Doge

Houston Outlaws adds support Lep and tank Doge

by cryptonews100_tggfrn
August 10, 2022
0

It’s by no means too late to fill out a roster. That’s what the Houston Outlaws are proving with two...

Revolutux, Polygon And Dogecoin Are Three Brilliant Coins For Your Investments During A Bear Market

Revolutux, Polygon And Dogecoin Are Three Brilliant Coins For Your Investments During A Bear Market

by cryptonews100_tggfrn
August 10, 2022
0

Bear markets are notoriously difficult for altcoins, which have a tendency to underperform Bitcoin throughout these intervals. The market is...

Baby Doge Coin (BabyDoge) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Tuesday: What’s Next?

Baby Doge Coin (BabyDoge) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Tuesday: What’s Next?

by cryptonews100_tggfrn
August 10, 2022
0

Baby Doge Coin (BabyDoge) will get a very bullish score from InvestorsObserver Tuesday. The token is up 16.44% to $0.000000001630740477...

Dogecoin (DOGE) Is So Far Ahead Of Visa’s Payment Speed It’s ‘Laughable,’ Says Lead Developer

Dogecoin (DOGE) Is So Far Ahead Of Visa’s Payment Speed It’s ‘Laughable,’ Says Lead Developer

by cryptonews100_tggfrn
August 9, 2022
0

Timothy Stebbing, product lead on the Dogecoin Basis, acknowledged that Dogecoin DOGE/USD is “far forward” of Visa Inc V when it comes to fee pace.What...

Load More
""

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Did Shiba Inu Just Got married? Here comes Shiba’s Wife By DailyCoin

Why Big Media Is Hiring More Blockchain Journalists By DailyCoin

August 11, 2022
3 signs Ethereum price is on track toward $2.5K by September

3 signs Ethereum price is on track toward $2.5K by September

August 11, 2022
On-Chain Data Reveals Traders Are More Inclined Towards Altcoin Than Bitcoin!

On-Chain Data Reveals Traders Are More Inclined Towards Altcoin Than Bitcoin!

August 11, 2022

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • Terra Luna
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (308) Analysis (199) Bitcoin (2471) blockchain (588) BTC (389) Buy (307) Cardano (804) ChainLink (246) coin (322) Cointelegraph (226) crypto (2199) Cryptocurrencies (276) Cryptocurrency (1093) Cryptos (219) DeFi (199) DOGE (382) Dogecoin (1015) Elon (237) ETH (297) Ethereum (1293) Heres (216) Inu (829) investors (208) launches (197) Litecoin (349) LUNA (261) market (734) Musk (210) News (692) NFT (314) NFTs (211) Polkadot (283) POLYGON (347) price (1148) prices (247) Ripple (252) SHIB (259) Shiba (832) Solana (659) Terra (289) today (364) token (279) top (408) VeChain (359) XRP (427)

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Terra Luna
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.