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Cryptocurrency News Articles

Dogecoin (DOGE) versus Bitcoin (BTC) pair, DOGEBTC, has been coiling for three weeks and is approaching the last phases of a triangle pattern.

Dec 04, 2024 at 07:00 pm

A tweet from well-known cryptocurrency trader Bluntz notes that the Dogecoin (DOGE) versus Bitcoin (BTC) pair, DOGEBTC, has been coiling for three

Dogecoin (DOGE) versus Bitcoin (BTC) pair, DOGEBTC, has been coiling for three weeks and is approaching the last phases of a triangle pattern.

A well-known cryptocurrency trader going by Bluntz on Twitter has observed that the Dogecoin (DOGE) versus Bitcoin (BTC) pair, denoted as DOGEBTC, has been consolidating within a triangle pattern for three weeks and is now nearing its final phases.

Bluntz believes that the pair is currently in the last “e” wave before potentially breaking out to higher levels. Sharing the weekly DOGEBTC chart, he adds, “Still looks like only just getting started.”

Speculating further based on past patterns, Bluntz suggests that Dogecoin could be set for a parabolic move, potentially multiplying 4x during the final month of a bull market. However, he notes that only the most dedicated “diamond handers” will catch the best part of such a move.

Meanwhile, DOGE is trading at around $0.4221 at the time of writing, up 2.08% over the past 24 hours, 6.54% over the past 7 days, and 179.54% over the past 30 days.

Dogecoin's recent strong performance comes amid a broader surge in meme coins following the U.S. presidential election last month. These internet-inspired cryptocurrencies have seen their values skyrocket, with Dogecoin outperforming Bitcoin and catching the attention of traders.

However, critics argue that meme coins are highly speculative and can be subject to extreme volatility due to their lack of inherent value or a strong business model.

جالب توجه است که در پی این روند، دوج کوین توجه جدیدی را از سوی جهات غیرمنتظره‌ای به خود جلب کرده است. ایلان ماسک و ویوک راماسوامی از راه اندازی پادکست “Dogecast” خبر داده‌اند که هدف آن شرح تلاش‌های آنها برای کاهش ۲ تریلیون دلاری هزینه‌های دولت ایالات متحده در چارچوب وزارت کارآمدی (D.O.G.E) است که اخیراً تشکیل شده است.

این برنامه تحت رهبری رئیس جمهور منتخب دونالد ترامپ با هدف افزایش شفافیت از طریق رسیدگی به اتلاف، کلاهبرداری و سوء استفاده در عملکرد دولت طراحی شده است.

چشم انداز راه اندازی یک صندوق قابل معامله در بورس (ETF) دوج کوین در سال ۲۰۲۵ نیز هیجان را برانگیخته است. طبق گزارش قبلی ما، معرفی موفق ETFهای بیت کوین و اتریوم در سال ۲۰۲۴ تقاضا را برای یک محصول مرتبط برای دوج کوین افزایش داده و در نتیجه جایگاه آن را در اکوسیستم بزرگ‌تر کریپتو تضمین کرده است.

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