To learn more about the coin circle, clickContinuously updatingIs the current market Xiongmo or Niuchu? Except for the top 8 cryptocurrencies in BTC and ETH rankings, which have attracted market attention, their trends often lead the development direction of the entire industryHot topics on October 13th;oneA giant whale deposits $11 million in assets on Aave and borrows $8.45 million in stable currency to repay debts and avoid liquidationtwoBelugaProtocol was attacked and the loss increased to 108

To learn more about the coin circle, clickContinuously updating

Is the current market Xiongmo or Niuchu? Except for the top 8 cryptocurrencies in BTC and ETH rankings, which have attracted market attention, their trends often lead the development direction of the entire industry

Hot topics on October 13th;

oneA giant whale deposits $11 million in assets on Aave and borrows $8.45 million in stable currency to repay debts and avoid liquidation

twoBelugaProtocol was attacked and the loss increased to 108.9 ETHs

threeNew York Fed Survey: Large Banks Expect the Fed to Stop Scaling in Q3 of Next Year

fourThe GBTC discount rate of grayscale Bitcoin Trust Fund has significantly narrowed by 1six5%

fiveFormer CEO of Alameda: Zhao Changpeng's tweet "facilitated" the collapse of FTX

sixsix4BTCtwo9ETH

analysis

Pancake

Yesterday, the white market showed a fluctuating downward trend, with a low point falling to 26555 and a first line support rebound. Congratulations to the friend who followed yesterday's thinking and gained 400 points on the short order. Currently, the currency price is running around 26788, and the four hour level market has experienced a second dip before breaking out of a wave of rebound. The upper level was suppressed by the ma200 moving average and failed to break through. The k line closed up and the shadow line fell again, and the Macd short position gradually reduced. There are signs of a golden cross in the double line bond, and the short-term market has temporarily stopped falling, The probability of volatility is expected to be high. If the daily level closes positive on the K-line, there is a chance of rebounding upwards. There is still a risk of falling if the K-line is unstable at 27300. The overall trend is weak, and there is still a possibility of breaking the limit in the future. It is recommended to rebound from high to low, with the upper part suppressing 27000-27300 and the lower part supporting 26500-26000

ETH

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Dogcoin has been performing well in the cryptocurrency market recently, attracting the attention of a large number of investors. However, it is quite difficult to predict whether its price will reach $1 in 2023.

Firstly, the cryptocurrency market is highly volatile, and prices are influenced by various factors, including market demand, investor sentiment, and the overall economic environment. The current market value of Gougou Coin is relatively low, and achieving a price increase requires more investment and market recognition.

Secondly, although Dogcoin has a high popularity on social media, its fundamental value is relatively low. Compared to other cryptocurrencies, the technology and application scenarios of Dogcoin are relatively limited, lacking true practical value support.

Source: TradeView

The price of Dogcoin

In the past 24 hours, it has fallen by 1%, and this meme token has re entered the top ten cryptocurrencies by market value before today's loss.

At a price of $0.058112, DOGE fell 5% in a week and 6% in a month. Compared to the beginning of the year, this initial meme token also fell 13%, in contrast to many other major tokens such as BTC, ETH, XRP, SOL.

However, the oversold that has dominated DOE in the past few months may have put it in a favorable position for a strong rebound, which makes this cryptocurrency expected to see strong performance by the end of the year.

Price Forecast for Dogcoin: Is it possible for Dogcoin to climb to the top ten cryptocurrencies - a price of $1 in 2023?

analysisDOGE

Its relative intensity index (purple) is almost close to 30 again, and it has been almost consistently below 50 in the past two months. During this period, most of the time, this indicator has actually been below 40 or even lower.

Source: TradeView

Similarly, the 30-day moving average (yellow) of the DOGE index has been much lower than its 200-day average (blue) in the past few months, which is another sign that the token is severely undervalued and urgently needs some good news.

However, the problem is that the support level (green) of DOGE is still declining, and it is highly likely to break through again, with a drop below $0.580 potentially causing more losses.

If we are talking about a normal asset (such as a useful company's stock), the above indicators can almost guarantee a rebound in the near future.

However, this is not the case when discussing meme tokens like DOGE, as they lack fundamentals and practicality.

Therefore, those who hold a skeptical attitude may tend to conclude that the dog currency is experiencing a long-term decline that may not be reversed during the current bear market.

Another obvious sign is that it is more likely that wealthy individuals are selling tokens instead of accumulating them, as recent large transfers have also shown.

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Therefore, the outlook for DOGE does not seem optimistic, as it continues to rely on the possibility of X Company (formerly known as Twitter) introducing cryptocurrency payments.

Although X Company is indeed striving to introduce some form of digital payment on its platform, it is currently unclear whether this includes cryptocurrency payments, and it is also unclear whether DOE will be involved.

But assuming it does eventually happen, the price of DOGE will skyrocket, reaching $0.1 within a few weeks, and then begin to climb to $1.

But if this has never been achieved, it is reasonable to suggest that the dog currency may continue its current decline, falling to $0.50 or even lower in the coming months.

Doggy tokens may currently appear very weak, but there are more promising online meme tokens on the market, including some pre-sale tokens that are about to be listed on the exchange, which are expected to rebound significantly after their listing.

Finally, predicting cryptocurrency prices is a highly risky task, and overly optimistic or pessimistic predictions can be misleading. Investors should conduct comprehensive research and risk assessment when making decisions, and rationally approach market fluctuations.

In summary, although Dogcoin has achieved some success in the cryptocurrency market, predicting whether it can reach a price of $1 in 2023 is difficult and uncertain. Investors should remain rational and consider multiple factors when making decisions.

Promising ARB

1. Reason for optimism: Currently, TVL ranks 4th and ranks first in all data on the L2 track. ETH in the public chain is the absolute king, while ARB is the king on ETH. The most popular native protocols are also the most popular. After the upgrade to Cancun, the handling fees have significantly decreased, and the ecosystem is more prosperous, making it the most worthwhile investment in the L2 sector.

2. Risk and return coefficient: medium to low risk, medium to high return

3 L2 6-20% 10% one6 10%ARB2025 1600