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?? 2013-2023 The Dogecoin Foundation Dogecoin Project. All rights reserved. Also read:Dogecoin price sees minor gains despite uptick in network demand In 2019, Elon Musk was named the unofficial CEO of dogecoin Dogecoin price currently trades at $0.0789, just below equal lows formed at $0.0771. Hence, if history repeats or even rhymes, investors can expect a sweep of $0.0771, followed by a quick 10% recovery rally that retests the range midpoint at $0.0846. Bitcoin???s success has been good for all cryptocurrencies, but Pax warned that there might be drops after January 10th, depending on what happens with Bitcoin. People expect Bitcoin to reach $60,000 to $100,000 in 2024, which could also affect Dogecoin. Moreover, open interest in Dogecoin, a metric that reflects the total number of outstanding derivative contracts, such as futures, that have not been settled, hasdecreased by 2.80% to $429.46 million, according to Coinglass. This reduction in open interest could suggest a cautious or bearish outlook among traders regarding the future price movements of DOGE. |
