April 20 is celebrated as Doge Day for Dogeciin, one of the most popular currencies in the crypto markets.
April 20 continues to be celebrated as Doge Day for Dogecoin, which has made a major breakthrough with the support of Elon Musk and other famous names.
Doge Day emerged under the influence of a recent movement. Shares about Dogecoin on social media platforms such as Reddit and Twitter are made using the DogeDay tag. Investors interested in the cryptocurrency market are buying Dogecoin to celebrate this day.
On Doge Day, which is celebrated every year, investors hope that DOGE will reach $1. Doge price is currently around $0.21.
“ Why does reaching $1 for $PEPE 🐸 seem unattainable?
1. The chances of Pepe coin reaching $1 are slim, given that it would require a market capitalization exceeding the global GDP of over $420 trillion.
2. It seems impossible to even reach just 1 cent for Pepe coin; It requires a 1,200-fold increase and outpaces the market cap of large companies like Microsoft.
3. Market value is of greater importance than price per unit; Some investors mistakenly believe that a low-priced asset is more likely to appreciate than a high-priced asset.
4. While the price of the coin may experience short-term rallies, potentially reaching $0.00003851 due to the bullish trend in the cryptocurrency market, it is important to note that historical data indicates significant challenges.
But despite these formidable obstacles, some optimists are holding on to the possibility of $1 because of the excitement surrounding Pepe and the unpredictable nature of the cryptocurrency world.
Actually? Only time will tell the result. In the meantime, brace yourself for volatility and remember to take profits opportunistically. My strategy includes day trading insights and tactics, with a portion of assets earmarked for the elusive $1 target. To follow
$ETH / $BTC parity will break in the coming weeks and then we will increase the gear of the lower bull. I say Ethereum spot ETF will most likely come, and as this chart approaches the bottom of the green zone, I will be highly in altcoins + ethereum.
I will also share with you all the new purchases I make.
#BTCUSDT UPDATE Bitcoin's recent move broke out the descending triangle and pointed to a potential downtrend. Confirmation could come with a retest below the triangle and strengthen the downtrend. Adding to the caution, the 55MA reflects bearish momentum. Investors, exercise caution in this volatile market environment.