Dogecoin Price Prediction as Meme Coins Retrace From Recent Rally –

Tim Hakki

Last updated:
February 21, 2024 at 15:47 GMT+2
| 2 min read








































Crypto’s favourite memecoin, Dogecoin (DOGE), is dipping today amidst a broad pullback led by altcoins.

DOGE shed 4.9% of its value overnight to trade at $0.83404 at the time of writing, according to CoinGecko. Its price is only nominally higher than it was seven days ago.

On the other hand, market leaders Bitcoin and Ethereum posted overnight pullbacks of 1.9% and 0.4%.

In general, altcoins lost the most in the last 24 hours. Among the top 10 cryptocurrencies by market capitalization, Solana (SOL), Cardano (ADA) and Avalanche (AVAX) all dipped more than 6%.

Leading memecoins also suffered steep pullbacks. DOGE and Shiba Inu both appeared more resilient than their rivals, with their overnight price depreciations being lower than 4%.

Other memecoins were not so lucky, including BONK, which dropped 11.2% to $0.00001144, PEPE shed 7.6% to hit $0.051117, Dogwifhat (WIF) crashed 12.4% to $0.3395, and FLOKI fell 8.2% to $0.00003233.

A glance at DOGE’s chart reveals that its Relative Strength Index (RSI) is approaching thirty, which indicates heavy selling that is likely to cool off.

Over the last three months DOGE has found solid support at $0.75 and with this current dip coming close to being oversold, it’s not likely that it will bottom out any lower.

However, DOGE fans might find some trouble getting back to $1 again. Despite being a memecoin, Dogecoin is its own blockchain too. The coin’s loyal community has helped it become one of the biggest cryptocurrencies in the world, but its recent omission, alongside Bitcoin, from Coinbase’s payments protocol Coinbase Commerce is a glaring one.

Dogecoin used to be a number one altcoin contender, but coins like SOL, XRP, and ADA have dethroned it thanks to their perceived higher utility.

Weather Dogecoin Pullbacks with BTCMTX.


Dogecoin and other memecoins have whimsical values. Often, memecoin prices involve factors that are both beyond the community and impossible to price in. A good example of this was crypto’s 2021 bull run, where a single tweet by billionaire DOGE fan and Tesla CEO Elon Musk could vastly pump DOGE’s price.

Those looking for alternative cryptocurrencies that are a bit safer, need look no further than Bitcoin Minetrix. BTCMTX is a promising token that doesn’t rely on a cute avatar or the whims of billionaire influencers. Its ongoing presale has raised over $11.2 million off the back of utility alone.







BTCMTX is the...

https://cryptonews.com/news/dogecoin-...

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #doge #dogenews #dogenewstoday #dogecoin #dogecoinnews #dogecoinnewstoday #memecoin #memecoinnews #crypto
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple