Hello everyone! I am Xiaomiao! The things that brought dog coins back today:Cryptocurrencies with the theme of Dogcoin (DOGE) have seen a 13% increase in the past 24 hours, indicating that cryptocurrency traders are placing higher risk bets on the price performance of Bitcoin (BTC).In Thursday's trading, Gougou Coin rose from a low of $0
Hello everyone! I am Xiaomiao! The things that brought dog coins back today:
Cryptocurrencies with the theme of Dogcoin (DOGE) have seen a 13% increase in the past 24 hours, indicating that cryptocurrency traders are placing higher risk bets on the price performance of Bitcoin (BTC).
In Thursday's trading, Gougou Coin rose from a low of $0.0675 to a high of $0.075. Starting from October 19th, the dog coin began to rise from a low of $0.058, and within eight days, 7 trading days showed a green color.
Current trend chart of dog coins
Kaiko reminds people to pay attention to the rise in X prices, saying, "Most markets continue to soar in ETF speculation
Since the beginning of this week, there have been expectations for spot Bitcoin Exchange Traded Funds (ETFs), which have pushed up the price of Bitcoin, benefiting most counterfeit currencies, including Dogcoin.
At the same time, the rise in the price of Dogcoin usually marks a local high for Bitcoin and other major tokens. Therefore, traders are closely monitoring the price of Bitcoin, which has fallen by 0.09% in the past 24 hours despite the continuous rise of Dogcoin.
As of the writing of this article, DOGE has increased by 12.69% in the past 24 hours, reaching $0.074. In the past 7 days, the token has increased by 27.14%. On Thursday, as social media website X (formerly Twitter) announced the launch of video call options for its premium users, the price of Dogcoin began to rise. This is expected, as some traders had previously expected X to add DOGE as a payment option.
Due to the price increase, Dogcoin has successfully overcome the key obstacles that have been constraining its price for several months, especially the daily moving average of 50 ($0.061) and the moving average of 200 ($0.069).
If the price continues to rise, Dogcoin may focus on the level of $0.083. However, if the rebound loses momentum, Dog Coin may use the moving average of 200 levels ($0.069) as support.
Meanwhile, the development of dog coins continues. Mishabor, a loyal supporter of Dogcoin, pointed out on social media X that the next small version of Dogcoin core v1.1.14.7 is actively being developed.
To learn more, follow Little Meow! See you next time!
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