{"id":77034,"date":"2023-10-26T08:37:38","date_gmt":"2023-10-26T12:37:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-doge-leading-the-pack\/"},"modified":"2023-10-26T08:37:43","modified_gmt":"2023-10-26T12:37:43","slug":"is-doge-leading-the-pack","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=77034","title":{"rendered":"Is DOGE Leading the Pack?"},"content":{"rendered":"<div>\n<figure id=\"attachment_120875\" aria-describedby=\"caption-attachment-120875\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-120875\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The Dogecoin price has gained by 10% in the past 24 hours, rising to $0.072201 on a day when the wider crypto market has risen by only 1%.<\/p>\n<p>DOGE is now 23% better off than it was a week ago, while the meme coin is also up by 25% in a fortnight.<\/p>\n<p>Yet with the token only 2.5% up since the beginning of the year, it certainly has plenty of ground left to recover.<\/p>\n<p>This means more rallies could be coming in the near future, with the distant possibility of Twitter payments something which be massively beneficial for the coin.\n<\/p>\n<h2>Dogecoin Price Prediction as Altcoins Recover Alongside Bitcoin: Is DOGE Leading the Pack?<\/h2>\n<p>\nGiven that the Dogecoin price has risen so strongly, it\u2019s no surprise to see its indicators looking very strong today.<\/p>\n<p>Its relative strength index (purple) has just hit 80, a sign which not only indicates massive buying pressure, but which also suggests a rally could be close to peaking.<\/p>\n<figure id=\"attachment_120758\" aria-describedby=\"caption-attachment-120758\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-120758\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>That said, DOGE\u2019s 30-day average (yellow) has only just begun rising towards its 200-day (blue) and will need some time before it catches up with it.<\/p>\n<p>This implies that the Dogecoin price could rise a little further before traders begin selling it off.<\/p>\n<p>The coin\u2019s support level (green) provides one other positive sign, in that it suggests DOGE has been consolidating its base around higher levels.<\/p>\n<p>These signs all suggest that DOGE could rise to $0.080 in the next one or two weeks, provided that the market-wide rally continues.<\/p>\n<p>It\u2019s likely that positivity does continue, with traders increasingly expecting the SEC to approve a number of Bitcoin ETFs in the coming weeks.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: US institutions are embracing the news that a spot <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF appears imminent \u2013 Matrixport research note \ud83d\udc40 <a rel=\"nofollow\" href=\"https:\/\/t.co\/uUxsKIIYtq\">pic.twitter.com\/uUxsKIIYtq<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1717211172372455618?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n<\/blockquote>\n<p>While this doesn\u2019t necessarily affect Dogecoin directly, an approval would increase the apparent legitimacy of crypto in the eyes of the investing public.<\/p>\n<p>As such, it would have knock-on beneficial effects for the Dogecoin price, especially when the market had so heavily oversold the meme token in recent months.<\/p>\n<p>In the longer term, DOGE is also hoping that\u00a0X (formerly Twitter) eventually introduces digital payments, with much of the Dogecoin community holding out for DOGE payments in particular.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">One step closer to the everything app!<\/p>\n<p>\u2705 Free Speech <br \/>\u2705 Long-form Videos <br \/>\u2705 Calling <\/p>\n<p>Payments next! <a rel=\"nofollow\" href=\"https:\/\/t.co\/50rx4WdxHI\">pic.twitter.com\/50rx4WdxHI<\/a><\/p>\n<p>\u2014 DogeDesigner (@cb_doge) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/cb_doge\/status\/1717341090699698398?ref_src=twsrc%5Etfw\">October 26, 2023<\/a><\/p>\n<\/blockquote>\n<p>While X has not explicitly mentioned any plans for DOGE, it is undoubtedly working towards digital payments of some kind.<\/p>\n<p>And with Elon Musk being a long-standing DOGE supporter, Dogecoin payments on X certainly can\u2019t be ruled out.\n<\/p>\n<h2><strong>High-Potential Presale Tokens<\/strong><\/h2>\n<p>\nBecause DOGE\u2019s rally may have peaked, many traders may prefer to look to newer tokens.<\/p>\n<p>There\u2019s currently no shortage of promising new alts in the market, with several presale coins looking especially promising right now.<\/p>\n<p>This includes Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that launched its presale last month and has raised over $2.2 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> has achieved another significant milestone! \u2705<\/p>\n<p>Accumulating over $2,200,000 raised. <a rel=\"nofollow\" href=\"https:\/\/t.co\/NcfrJYIZel\">pic.twitter.com\/NcfrJYIZel<\/a><\/p>\n<p>\u2014 Bitcoinminetrix (@bitcoinminetrix) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1716855035794010243?ref_src=twsrc%5Etfw\">October 24, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>Bitcoin Minetrix has attracted investors by virtue of its unique business model, offering users the ability to mine Bitcoin (BTC) by staking its native token, BTCMTX.<\/p>\n<p>Users who stake BTCMTX will receive tokenized mining credits in return, which they can spend to purchase Bitcoin hashpower.<\/p>\n<p>In turn, spending enough mining credits will earn users freshly minted BTC.<\/p>\n<p>Such a model promises to democratize access to Bitcoin mining for thousands more users, with investors clearly being swayed already by such a promise.<\/p>\n<p>Investors also seemingly like the look of the BTCMTX itself, which will have a cap of four billion.<\/p>\n<p>Holders who stake BTCMTX will also receive staking rewards (in the native token) in return, on top of any BTC they receive.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> is a groundbreaking cloud mining platform, enabling everyday people to participate in decentralized <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> mining. \ud83d\udcbb<\/p>\n<p>By eradicating the risks of third-party cloud mining scams, it grants users full authority over their mining operations. <a rel=\"nofollow\" href=\"https:\/\/t.co\/BXhbDQkO0I\">pic.twitter.com\/BXhbDQkO0I<\/a><\/p>\n<p>\u2014 Bitcoinminetrix (@bitcoinminetrix) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1717209592571035871?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n<\/blockquote>\n<p>Investors can buy some now by going to official Bitcoin Minetrix website and connecting their wallets, such as MetaMask.<\/p>\n<figure class=\"media\"><\/figure>\n<p>The sale is currently in its third stage, during which 1 BTCMTX has a price of $0.01120.<\/p>\n<p>This will rise to $0.01130 in just under three days, with the price set to reach $0.01190 in the tenth and final stage.<\/p>\n<p>From there, BTCMTX will list on exchanges, where it could enjoy a very big rally, if its successful presale is any indicator.<\/p>\n<p><strong>Visit Bitcoin Minetrix Now<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/dogecoin-price-prediction-as-altcoins-recover-alongside-bitcoin-is-doge-leading-the-pack.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: TradingView The Dogecoin price has gained by 10% in the past 24 hours, rising to $0.072201 on a day when the wider crypto market has risen by only 1%. DOGE is now 23% better off than it was a week ago, while the meme coin is also up by 25% in a fortnight. Yet [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-77034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is DOGE Leading the Pack? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: TradingView The Dogecoin price has gained by 10% in the past 24 hours, rising to $0.072201 on a day when the wider crypto market has risen by only\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=77034\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is DOGE Leading the Pack? 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