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Dogecoin Developers Announce Crucial Update For Ordinals Inscription
According to U.Today, developers within the Dogecoin (DOGE) ecosystem have announced a significant update regarding the launch and hosting of Ordinals inscription on the chain. Despite its origins as a meme coin, Dogecoin is striving to evolve into a more functional protocol. The introduction of Ordinals, referred to as Doginals, could play a pivotal role in this transformation.
Developers from MyDoge Wallet, a widely used native Dogecoin application, have revealed that they are in the final stages of testing the v1.0 release to support Doginals. This support could potentially drive mainstream adoption of the innovation. The MyDoge Wallet team shared this update on social media, indicating that the platform is nearing readiness for the new feature.
The concept of inscriptions, which first appeared on the Bitcoin blockchain in early 2023, has had a significant impact on transaction counts and miner fees, although its effect on price growth was minimal. The Dogecoin community hopes that Doginals will have a similar impact, enhancing the chain's functionality and setting it up for future success.
Despite the market drawdown, the Dogecoin community, known as the Doge Army, remains passionate and supportive. At the time of writing, Dogecoin has shown resilience, with a 2.96% increase in 24 hours, reaching a price of $0.1098, according to CoinMarketCap. With a market capitalization of $15.9 billion, Dogecoin maintains its ranking above Cardano (ADA).
The Dogecoin developers continue to work on safeguarding the community from scams and risks, which has helped build trust and sustain price stability within the ecosystem. This ongoing effort to innovate and protect the community underscores Dogecoin's potential for growth beyond its meme coin origins.
Developers from MyDoge Wallet, a widely used native Dogecoin application, have revealed that they are in the final stages of testing the v1.0 release to support Doginals. This support could potentially drive mainstream adoption of the innovation. The MyDoge Wallet team shared this update on social media, indicating that the platform is nearing readiness for the new feature.
The concept of inscriptions, which first appeared on the Bitcoin blockchain in early 2023, has had a significant impact on transaction counts and miner fees, although its effect on price growth was minimal. The Dogecoin community hopes that Doginals will have a similar impact, enhancing the chain's functionality and setting it up for future success.
Despite the market drawdown, the Dogecoin community, known as the Doge Army, remains passionate and supportive. At the time of writing, Dogecoin has shown resilience, with a 2.96% increase in 24 hours, reaching a price of $0.1098, according to CoinMarketCap. With a market capitalization of $15.9 billion, Dogecoin maintains its ranking above Cardano (ADA).
The Dogecoin developers continue to work on safeguarding the community from scams and risks, which has helped build trust and sustain price stability within the ecosystem. This ongoing effort to innovate and protect the community underscores Dogecoin's potential for growth beyond its meme coin origins.
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#dogeocin Dogecoin (DOGE) whales have scooped up more than 1.4 billion tokens in 48 hours, worth more than $140 million worth of the cryptocurrency.
The information was provided by blockchain analytics firm Santiment and shared by cryptocurrency analyst Ali Martinez on the X platform (formerly Twitter) with more than 72,000 followers.
DOGE is currently trading at $0.124, after gaining more than 16% over the past week amid a recovery in the cryptocurrency market, with Bitcoin up more than 3.4% to above $65,500.
DOGE also recently hit a milestone when the number of wallets holding DOGE surpassed 90 million.
Earlier this year, Tesla and SpaceX CEO Elon Musk expressed his affection for Dogecoin, saying that he “likes dogs and memes,” although he also sees value in Bitcoin and other cryptocurrencies.
The information was provided by blockchain analytics firm Santiment and shared by cryptocurrency analyst Ali Martinez on the X platform (formerly Twitter) with more than 72,000 followers.
DOGE is currently trading at $0.124, after gaining more than 16% over the past week amid a recovery in the cryptocurrency market, with Bitcoin up more than 3.4% to above $65,500.
DOGE also recently hit a milestone when the number of wallets holding DOGE surpassed 90 million.
Earlier this year, Tesla and SpaceX CEO Elon Musk expressed his affection for Dogecoin, saying that he “likes dogs and memes,” although he also sees value in Bitcoin and other cryptocurrencies.
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DOGE/USDT: Rise or Fall?
The DOGE/USDT pair is heating up the market and sparking debate among traders. The current price of DOGE is 0.13826 USD, and although it has increased by 2.63% in the past 24 hours, there are still many differing opinions about its potential.
Some investors are optimistic, believing that this increase is just the beginning of a robust recovery trend. They point to positive signs and the trading volume of 607 million DOGE that the market is witnessing. However, on the other side, many people are concerned that this is just a temporary price spike and there is a risk of a sudden decline.
This instability creates a lively atmosphere of debate. Can DOGE truly maintain its upward momentum, or will it revert to previous lows?
With polarized views, the big question now is: Which side are you on in this showdown? Please share your thoughts on the future of DOGE/USDT.$DOGE
#dogeocin #DOGEofficical #Dogecoin
The DOGE/USDT pair is heating up the market and sparking debate among traders. The current price of DOGE is 0.13826 USD, and although it has increased by 2.63% in the past 24 hours, there are still many differing opinions about its potential.
Some investors are optimistic, believing that this increase is just the beginning of a robust recovery trend. They point to positive signs and the trading volume of 607 million DOGE that the market is witnessing. However, on the other side, many people are concerned that this is just a temporary price spike and there is a risk of a sudden decline.
This instability creates a lively atmosphere of debate. Can DOGE truly maintain its upward momentum, or will it revert to previous lows?
With polarized views, the big question now is: Which side are you on in this showdown? Please share your thoughts on the future of DOGE/USDT.$DOGE
#dogeocin #DOGEofficical #Dogecoin
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Congratulations on reaching the TP profit-taking level! This is an important milestone that helps preserve profits and provides valuable lessons. Enjoy this achievement and continue to develop your investment strategy! Wishing you even more success in the future!$DOGE
#dogeocin #Dogecoin #FutureTradding
#dogeocin #Dogecoin #FutureTradding
Based on the 1-hour chart of the DOGE/USDT pair, we have the following observations and trading strategies:
Chart and Indicator Analysis
1. EMA (7, 25, 99): The EMA lines are trending upwards, especially EMA (7) has crossed above EMA (25) and is above EMA (99), indicating a short-term bullish trend is forming.
2. MACD: The MACD line has just slightly crossed above the signal line and is in the positive zone, indicating bullish momentum.
3. RSI (6, 12, 24): The RSI values are all at average levels, with RSI (6) reaching 68, not yet in the overbought zone, indicating there is still room for price increase.
4. Stochastic RSI: The current Stochastic RSI level is around 44, indicating the market is not overbought, with the potential for further increases.
Trading Strategy
Long Position (Buy): Based on the trend indicators and the strength of DOGE/USDT, a buy order can be opened at the current price of 0.14570 USD with the expectation that the price will continue to rise.
• Entry Price: 0.14570 USD
• Take Profit (TP): 0.14950 USD (near the old resistance level)
• Stop Loss (SL): 0.14300 USD (below EMA 25 to limit risk)
Note: This is a short-term trading signal, investors should closely monitor market fluctuations to adjust promptly when a reversal signal occurs.$DOGE
#dogeocin #Dogecoin #FutureTradding
Chart and Indicator Analysis
1. EMA (7, 25, 99): The EMA lines are trending upwards, especially EMA (7) has crossed above EMA (25) and is above EMA (99), indicating a short-term bullish trend is forming.
2. MACD: The MACD line has just slightly crossed above the signal line and is in the positive zone, indicating bullish momentum.
3. RSI (6, 12, 24): The RSI values are all at average levels, with RSI (6) reaching 68, not yet in the overbought zone, indicating there is still room for price increase.
4. Stochastic RSI: The current Stochastic RSI level is around 44, indicating the market is not overbought, with the potential for further increases.
Trading Strategy
Long Position (Buy): Based on the trend indicators and the strength of DOGE/USDT, a buy order can be opened at the current price of 0.14570 USD with the expectation that the price will continue to rise.
• Entry Price: 0.14570 USD
• Take Profit (TP): 0.14950 USD (near the old resistance level)
• Stop Loss (SL): 0.14300 USD (below EMA 25 to limit risk)
Note: This is a short-term trading signal, investors should closely monitor market fluctuations to adjust promptly when a reversal signal occurs.$DOGE
#dogeocin #Dogecoin #FutureTradding
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Musk 'accuses' about cash distribution! Meme coins Dogecoin (DOGE), MAGA, and DMAGA all decrease in value!
The U.S. presidential election is approaching with Election Day on November 5. Billionaire Elon Musk announced a plan to distribute $1 million per day to American voters, aiming to support Donald Trump's campaign. However, on Monday, October 28, Musk was sued by Philadelphia prosecutor Larry Krasner, who requested him to attend an emergency hearing. This event significantly impacted the meme coin Dark MAGA (DMAGA), causing its value to drop considerably.
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Dogecoin (DOGE) Approaches a Breakout: Will the Price Rise Strongly?
Over the past 3 weeks, the price of Dogecoin (DOGE) is moving in a symmetrical triangle pattern. As this meme coin approaches a key point around $0.163, many believe that a major bull run could be on the horizon.
If Dogecoin breaks above the resistance at $0.163, the price is likely to rise sharply. Currently, $DOGE is trading at 0.16 USD, up slightly by 0.37% in the past 24 hours and up 2.56% in the past week#StartInvestingInCrypto #dogeocin
Dogecoin is nearing an important breakthrough point. If the resistance at $0.163 is surpassed, the price could rally sharply. However, investors need to closely monitor market signals and trading activities to make the right decisions.
$BTC $BNB
Over the past 3 weeks, the price of Dogecoin (DOGE) is moving in a symmetrical triangle pattern. As this meme coin approaches a key point around $0.163, many believe that a major bull run could be on the horizon.
If Dogecoin breaks above the resistance at $0.163, the price is likely to rise sharply. Currently, $DOGE is trading at 0.16 USD, up slightly by 0.37% in the past 24 hours and up 2.56% in the past week#StartInvestingInCrypto #dogeocin
Dogecoin is nearing an important breakthrough point. If the resistance at $0.163 is surpassed, the price could rally sharply. However, investors need to closely monitor market signals and trading activities to make the right decisions.
$BTC $BNB
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Analysis of $DOGE /USDT
#DOGE Dogecoin is consolidating in a symmetrical pattern, indicating a potential breakout may be imminent. A strong support zone at $0.38404 provides a solid foundation for a potential upward move towards higher levels.
$0.38404 is crucial to maintain bullish momentum.
Target: $0.70504, indicating significant bullish potential.
Entry Point: Consider buying positions near the support level of $0.38404 or upon confirmation of a breakout from the consolidation pattern.
Stop Loss: Below $0.30691 to minimize downside risk.
#dogeocin $DOGE
#DOGE Dogecoin is consolidating in a symmetrical pattern, indicating a potential breakout may be imminent. A strong support zone at $0.38404 provides a solid foundation for a potential upward move towards higher levels.
$0.38404 is crucial to maintain bullish momentum.
Target: $0.70504, indicating significant bullish potential.
Entry Point: Consider buying positions near the support level of $0.38404 or upon confirmation of a breakout from the consolidation pattern.
Stop Loss: Below $0.30691 to minimize downside risk.
#dogeocin $DOGE
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FUTURE #ARB COMING
VERY POWERFUL PUMPING CAPACITY.
PRICE can reach $5 - $10
What is Arbitrum? Learn about Layer 2 emerging on Ethereum and the ARB token
What is Arbitrum?
Arbitrum is a set of Layer 2 scaling solutions that address the congestion issues on Ethereum. In particular, Layer 2 is a technology or system that runs on Layer 1, they inherit security from Layer 1, and are capable of processing more transactions, reducing costs and increasing transaction confirmation speed. faster than Layer 1.
Arbitrum provides 3 expansion solutions: Rollup (OPU), Channels, Sidechains:
State Channels: Requires users to send a State Snapshot of Ethereum into a Multi-sign Contract. This state will contain important data such as the address's balance. Such a system allows for free off-chain transactions with instant finality and superior privacy.
Sidechains: Independent blockchains with their own independent consensus rules where Ethereum transactions can be transferred to in a supervised manner to reduce the burden on the Ethereum mainnet.
Rollups: Like advanced, non-custodial sidechains, can significantly expand the throughput capacity of the Ethereum mainnet. Up to now, there are four main types of rollups: Optimistic Rollups, zkRollups, Plasma, Validium.
#XRP’ #Arb #dogeocin #PYTH
$ARB $PYTH $XRP
VERY POWERFUL PUMPING CAPACITY.
PRICE can reach $5 - $10
What is Arbitrum? Learn about Layer 2 emerging on Ethereum and the ARB token
What is Arbitrum?
Arbitrum is a set of Layer 2 scaling solutions that address the congestion issues on Ethereum. In particular, Layer 2 is a technology or system that runs on Layer 1, they inherit security from Layer 1, and are capable of processing more transactions, reducing costs and increasing transaction confirmation speed. faster than Layer 1.
Arbitrum provides 3 expansion solutions: Rollup (OPU), Channels, Sidechains:
State Channels: Requires users to send a State Snapshot of Ethereum into a Multi-sign Contract. This state will contain important data such as the address's balance. Such a system allows for free off-chain transactions with instant finality and superior privacy.
Sidechains: Independent blockchains with their own independent consensus rules where Ethereum transactions can be transferred to in a supervised manner to reduce the burden on the Ethereum mainnet.
Rollups: Like advanced, non-custodial sidechains, can significantly expand the throughput capacity of the Ethereum mainnet. Up to now, there are four main types of rollups: Optimistic Rollups, zkRollups, Plasma, Validium.
#XRP’ #Arb #dogeocin #PYTH
$ARB $PYTH $XRP
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Should you buy DOGE at this time?
1️⃣ First:
» Both whales and smart traders on DEX platforms have been continuously selling $DOGE for the past 30 days.
However, some wallets of smart investors have started accumulating $DOGE in the last 7 days.
—> Therefore, if you are experiencing FOMO (fear of missing out) in the short term, you may want to track the movements of the Smart Money group. However, in the medium term, smart traders on DEX and whales have been buying in early and are starting to take profits.
2️⃣ Second:
PRO+ dashboards reveal many other potential coins. Why choose tokens that have already increased in price? 🤓
I mean, you could also have a similar position with a PRO+ account to get in early. For example:
» INST: All three groups have been continuously accumulating for the past 30 days, with an average price ranging from $1.7-$2.
» PEPECOIN: The majority of investors have maintained an optimistic mindset over the past 30 days and are now starting to take profits.
Tip:
» Choose tokens with many green boxes 🟩, especially those that are steadily growing or transitioning from red to green.
» If you see many red boxes 🟥 appearing, it means the distribution process has started, and buying at this time will no longer be a good entry point.
#Write&Earn #Write2Learn #dogeocin
1️⃣ First:
» Both whales and smart traders on DEX platforms have been continuously selling $DOGE for the past 30 days.
However, some wallets of smart investors have started accumulating $DOGE in the last 7 days.
—> Therefore, if you are experiencing FOMO (fear of missing out) in the short term, you may want to track the movements of the Smart Money group. However, in the medium term, smart traders on DEX and whales have been buying in early and are starting to take profits.
2️⃣ Second:
PRO+ dashboards reveal many other potential coins. Why choose tokens that have already increased in price? 🤓
I mean, you could also have a similar position with a PRO+ account to get in early. For example:
» INST: All three groups have been continuously accumulating for the past 30 days, with an average price ranging from $1.7-$2.
» PEPECOIN: The majority of investors have maintained an optimistic mindset over the past 30 days and are now starting to take profits.
Tip:
» Choose tokens with many green boxes 🟩, especially those that are steadily growing or transitioning from red to green.
» If you see many red boxes 🟥 appearing, it means the distribution process has started, and buying at this time will no longer be a good entry point.
#Write&Earn #Write2Learn #dogeocin
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When Will “Memecoin King” DOGE Hit a New ATH? and June Forecast
#dogeocin
Dogecoin (Doge), one of the original meme coins that dominated the crypto space, has long been eager to hit new highs. While Dogecoin has a long way to go, the token has consistently managed to trade at new price points while maintaining a state of equilibrium.
According to CoinMarketcap, Doge has gained 19% in the past month, trading at $0.1601. With the meme coin market thriving, investors are now hoping that Doge Bull will overtake other cryptocurrencies in the process.
Kaleo pointed out some interesting details that signal the possibility of the dog running. According to the expert, Dogecoin is often noted to move sideways for long periods of time, showing a steady price pace. At the same time, Dogecoin often mirrors this movement. Furthermore, it is often followed by rapid vertical growth, sideways to the price increase.
“While I am bullish on Bitcoin, I have extremely high confidence that DOGE will outperform it. We are in a meme supercycle. The meme king will not be left behind.”
According to CoinCodex, Dogecoin could see a significant price drop by June 2024. The token could drop to $0.13 by June, shedding 13% of its value in the process.
“Dogecoin’s price could drop -13.95% to $0.137478 by July 3, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed).Dogecoin recorded 13/30 (43%) green days with a price change of 4.94% over the past 30 days.”
However, in 2024, the Dogecoin forecast offers interesting numbers. CoinCodex adds that Doge could surpass the $0.50 price level by the end of 2024.
“Dogecoin is forecast to trade in a range of $0.135904 and $0.682252. If the higher price target is reached, DOGE could surge 325.76% to $0.682252.”
#dogeocin
Dogecoin (Doge), one of the original meme coins that dominated the crypto space, has long been eager to hit new highs. While Dogecoin has a long way to go, the token has consistently managed to trade at new price points while maintaining a state of equilibrium.
According to CoinMarketcap, Doge has gained 19% in the past month, trading at $0.1601. With the meme coin market thriving, investors are now hoping that Doge Bull will overtake other cryptocurrencies in the process.
Kaleo pointed out some interesting details that signal the possibility of the dog running. According to the expert, Dogecoin is often noted to move sideways for long periods of time, showing a steady price pace. At the same time, Dogecoin often mirrors this movement. Furthermore, it is often followed by rapid vertical growth, sideways to the price increase.
“While I am bullish on Bitcoin, I have extremely high confidence that DOGE will outperform it. We are in a meme supercycle. The meme king will not be left behind.”
According to CoinCodex, Dogecoin could see a significant price drop by June 2024. The token could drop to $0.13 by June, shedding 13% of its value in the process.
“Dogecoin’s price could drop -13.95% to $0.137478 by July 3, 2024. According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed).Dogecoin recorded 13/30 (43%) green days with a price change of 4.94% over the past 30 days.”
However, in 2024, the Dogecoin forecast offers interesting numbers. CoinCodex adds that Doge could surpass the $0.50 price level by the end of 2024.
“Dogecoin is forecast to trade in a range of $0.135904 and $0.682252. If the higher price target is reached, DOGE could surge 325.76% to $0.682252.”
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Shiba Inu (SHIB) Price Prediction
Since peaking at $0.0000457 on March 5, Shiba Inu (SHIB) has been forming lower lows and lower highs. The meme coin has been unable to hold and overcome resistance levels at higher prices over the past month. In the short term, the upside could push SHIB to trade above $0.0000253, which could initiate a 25% recovery to $0.0000315.
In a more bullish case, the Shiba Inu could rally in an attempt to retest the resistance at $0.0000355. The token's technical analysis also points to this bullish price action. However, if the general trend in the market changes, the price of the Shiba Inu coin could fall by 20% to the next support level of 0.0000160 USD.
I predict Dogecoin (DOGE) will increase by 30%
Dogecoin (DOGE) has failed to keep up with the rest of the crypto market over the past two weeks. However, analyst Kevin is optimistic that the OG dog-themed token could skyrocket in the near future.
Kevin noted that DOGE has formed an inverse head and shoulders pattern on the daily chart with the current range occurring at the neckline. He expects Dogecoin to start trending upward in the next 2-3 days to $0.22. This would be a 32% price realignment from the current Dogecoin price range. DOGE is hovering around $0.1488 and $0.1716, a weekly gain of 6.4% $DOGE $SHIB #dogeocin #SHİB #MemeWatch2024
Since peaking at $0.0000457 on March 5, Shiba Inu (SHIB) has been forming lower lows and lower highs. The meme coin has been unable to hold and overcome resistance levels at higher prices over the past month. In the short term, the upside could push SHIB to trade above $0.0000253, which could initiate a 25% recovery to $0.0000315.
In a more bullish case, the Shiba Inu could rally in an attempt to retest the resistance at $0.0000355. The token's technical analysis also points to this bullish price action. However, if the general trend in the market changes, the price of the Shiba Inu coin could fall by 20% to the next support level of 0.0000160 USD.
I predict Dogecoin (DOGE) will increase by 30%
Dogecoin (DOGE) has failed to keep up with the rest of the crypto market over the past two weeks. However, analyst Kevin is optimistic that the OG dog-themed token could skyrocket in the near future.
Kevin noted that DOGE has formed an inverse head and shoulders pattern on the daily chart with the current range occurring at the neckline. He expects Dogecoin to start trending upward in the next 2-3 days to $0.22. This would be a 32% price realignment from the current Dogecoin price range. DOGE is hovering around $0.1488 and $0.1716, a weekly gain of 6.4% $DOGE $SHIB #dogeocin #SHİB #MemeWatch2024
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Dogecoin (DOGE) slows down after a strong surge – What happened?
Dogecoin is currently showing signs of slowing down – at least for now – after a week of strong growth.
While other long-standing “dog meme” coins are declining, a new dog-themed token is breaking out and dominating the market this week.
According to data from CoinGecko, Dogecoin, the seventh-largest coin by market cap, is currently trading at $0.373 each. This is a decrease of 2.9% in the past 24 hours and down 5.1% compared to Wednesday of last week.
While other long-standing “dog meme” coins are declining, a new dog-themed token is breaking out and dominating the market this week.
According to data from CoinGecko, Dogecoin, the seventh-largest coin by market cap, is currently trading at $0.373 each. This is a decrease of 2.9% in the past 24 hours and down 5.1% compared to Wednesday of last week.