Dogecoin Price Spike to $0.0058 Remains a Likely Scenario Despite Current Dip


Even though things were looking relatively smooth for Dogecoin, its imminent uptrend has not materialized by any means. Similar to most other altcoins, DOGE is bleeding value in both USD and BTC. This trend should reverse course soon, as the altcoin is massively oversold according to some analysts. Dogecoin Price Still Looks Promising Even though it may not necessarily look like it, Dogecoin is still far better off than most people assume. The current net loss may not be too impressive to look at, but this altcoin has been one of the more resilient offerings in all of cryptocurrency. As such, it is not unlikely Dogecoin will be the first to signal a major price boost after this correction is over. In the past 24 hours, the value of Dogecoin has dropped by 6% in USD value and 5.5% against Bitcoin. That latter part is somewhat worrisome, especially because Bitcoin’s USD value is going down a slippery slope. For the time being, this trend may not necessarily reverse course, although there are some indicators which tell a different story. Looking at social media activity pertaining to Dogecoin, there is still a strong focus on the value transacted over the network. This altcoin surpassed $1bn, ensuring it stays in second place behind Bitcoin itself. That is quite a telling sign, although these statistics are often overlooked by cryptocurrency enthusiasts for some reason. #Dogecoin's "sent last 24hr" volume @ 1B USD, Bitcoin @ 5 billion USD. No one else is even…
Source: Dogecoin Price Spike to {$permalink}.0058 Remains a Likely Scenario Despite Current Dip

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