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Sunday, July 26, 2020

Dogecoin madness .. When does the price of it reach $ 1 ?! Read on to know the answer !!

 

Before you read, you should know two things:

1- I do not want to direct you to any decision of my article... It is nothing more than a personal opinion and you are not bound by what I say in any way.
2- I personally love the Dogecoin currency and I will not stop collecting, keeping, and dealing with it because it is simply a fun 
currency and the fees for withdrawing it are very little compared to any other currency.

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Have you followed what Dogecoin happened for the past few days?

You may have missed what happened .. but before I tell you what happened I will tell you something exciting about Dogecoin...

Since I started working to earn cryptocurrencies, and that was almost in 2016, and I hear and see many tips that promise that the Dogecoin coin is the currency that I have to collect because it will rise suddenly and missile-like what happened with Bitcoin...

But none of this has happened until now.

I think it will never happen ye...

Why?

I will tell you the reason after telling you what happened a few days ago and raised the madness of the Dogecoin to rise in exceptional proportions, then return to fall again without reaching $ 1 as some had thought...

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The price of Dogecoin was deliberately and illegally raised

This is how it started simply ... and illegally!

video on TikTok invited the followers who watched the video to buy a Dogecoin coin at the same time so that the price would go up to $ 1, and so they would all make big profits... And they all become wealthy!!

The owner of the video is jamezg97... His words were not much .. but very brief... He wrote:

If this ever hit a dollar I’d be loaded. Everyone invest so we can all get rich.

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Simply this way, the Dogecoin went mad .. reaching $ 0.0045 after its price was $ 0.0023, an increase of more than 50%

second video, posted five days ago, issues a bolder missive:

Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. That’s just $25. Once it hits one dollar, you’ll have ten grand. Tell everyone you know.

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Isn't this madness?

Undoubtedly it is madness .. but it is not normal madness ... or rather, it is illegal madness!

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The drop after big spike .. Fraudulent!

It lasted for several hours .. Then the drop started after the big rise...

Now the price of Dogecoin fluctuates between $ 0.0030 and $ 0.0032, and if it happens again, it goes back to 0.0045 or even $ 0.0050, but it is impossible to reach $ 1 as they want. it's just delusions!

Why?

I will tell you.

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When does Dogecoin reach $ 1? Only in dreams !!

Dogecoin will never reach $ 1

Why?

Because the currency is simply present in a very large number... About 125 billion and 514 million pieces have been mined, while the amount in circulation does not exceed 400 million dollars.

So how does the currency of this available volume reach half a dollar even?

This only happens in dreams only !!

You have to accept Dogecoin as it is...

Dogecoin is a fun, new, and rapidly growing form of digital currency.

One of the most popular uses for Dogecoin is "tipping" fellow internet-goers who create or share great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.

After the big increase in the price of it... Do I sell or buy? Ethereum running like a raging bull on its way to $ 370 !!

Do you follow the passion of Ethereum? It's a raging bull!

Do you follow the passion of Ethereum?

It is moving forward at the speed of the missile...

It is like a raging bull... Nobody can stop it!

But he will undoubtedly stand on this .. Will we wait for the bull to calm down and get tired of its extreme ambition and stand in its place?

Or do we hurry to sell what we have to gain, then we regret if the stampede continues and the price increases because we have lost another profit?

Certainly difficult question, not without adventure...

Therefore, I cannot answer the difficult question, but I can tell you the experts ’analysis .. and you are the decision-maker.

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From $ 280 to $ 314 in one day ... what next?

I will put you at the end of this article. Link to an article Yesterday predicted that Ethereum would reach $ 300 while its price was $ 283

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Not only that .. but it is more likely in his analysis that the price will reach $ 317 and this is what seems to happen in the meantime... The price has now crossed $ 314 and it appears that it is still on its upward...

The article was written by Ray Salmond On the site COINTELEGRAPH NEWSLETTER

His expectations were true because he relied on accurate scientific analysis.

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Will Ethereum continue to climb until $ 370?

Today Salmond published a new analytical article in which the price of Ethereum is expected to reach $ 370

Do you believe this? I believe it!

But do not forget that you are free to make the decision that you see fit... Please do not hold me responsible for any decision you make... Of course, Salmond does not bear responsibility either !!

Come with me to read what Salmond said .. and I will also put the article link for you in the sources of my article to see it...

To Salmond's analytical article, and I hope that you read it carefully before making any decision regarding the sale or even purchase of Ethereum .. Symond says:

 

Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close

Bitcoin’s rally to $9,700 brings the asset to a key resistance level, meanwhile, Ethereum rallied above $300 to a new 2020 high.

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On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309. 

The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close.

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Crypto market weekly price chart. Source: Coin360

Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked into decentralized finance platforms (DeFi) reached $4 billion today.

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Total value locked (USD) in DeFi. Source: DeFi Pulse

Currently, the top three DeFi platforms are Maker Aave, and Compound with each having $875 million, $639 million and $616 million locked into an assortment of contracts. 

Data from DeFi Pulse shows that the decentralized finance sector has grown tremendously in 2020 as the value locked at the start of the year was slightly below $1 billion. 

As discussed in a previous market update, Ether’s was expected to push toward the $317 level if the Feb. 14, 2020 high at $288.32 was cleared and Saturday’s rally to $309 fell just $8 short of topping the resistance cluster extending to $317. 

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Ether daily price chart. Source: Coin360

After a nearly 30% rally this week, a period of consolidation is to be expected but if bulls find renewed or Bitcoin rallies into the weekly close, there is a possibility that the price could clear $317 and the absence of overhead resistance could see bulls target the 2019 high at $367.

Bitcoin approaches a key resistance

As Ether surged to a new 2020 high, Bitcoin price pushed higher to $9,733. Traders are now watching closely to see if the top-ranked digital asset on CoinMarketCap can surge above the $9,900 level as this would place the price above the long-term descending trendline from the 2017 all-time high. 

According to Cointelegraph contributor Michael van de Poppe: “A major parabolic move is unlikely to happen so soon, as the price has some untested levels above, namely $9,900 and $10,100.” 

Van de Poppe further explained that:

“The most likely scenario would be a “staircase” pattern where the price of Bitcoin rallies towards the resistance zone, rejects, and then successfully tests the previous resistance zone for support. Next, the price move is likely to accelerate upward once Bitcoin breaks above the high of $10,100.” 

At the time of writing Bitcoin price has pulled back slightly from the daily high at $9,733 but the daily chart shows the digital asset continues to notch higher highs and high lows and the price remains above the 20-day moving average.

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Bitcoin daily price chart. Source: Coin360

As Bitcoin and Ether pushed higher, a number of altcoins also made significant moves.

Cardano (ADA) surprised investors with a strong 21% upside move to $0.1457, Binance Coin (BNB) also continued to rally with a 5% gain. Litecoin (LTC) followed alongside Bitcoin with a 12.88% move to $49.47.

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $294.6 billion. Bitcoin’s dominance index currently at 60.5%.

 

Salmond's analytical article ended ... in which he expected Etherium to stop at $ 370

But as I told you ... no one can definitively predict ... Etherium may stop going up and start going down at any time...

So you have to decide what to do if you have Ethereum .. will you go ahead or wait until the price reaches the highest peak? This is your decision as we agreed before.

Be fine...

 

Sources:

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