Dogecoin Price is Making its Move As Market Remains Stable
Most cryptocurrencies markets have dipped in the red again after what appeared to be a solid outing yesterday. This is an extremely interesting trend to keep an eye on, that could hint at further DOGE gains waiting to materialize. Dogecoin does its own thing, primarily because it has gone in the green despite overwhelming negative market momentum.
Dogecoin Price is Making its Move
Albeit the current DOGE momentum is anything but spectacular, there is a good chance the momentum will intensify as the pace picks up. It may be a sign of things to come for the industry as a whole, although it is too early to draw any conclusions. With this minute gain in both USD and BTC value, Dogecoin is one of the 1st top 20 cryptocurrencies to go in the green again.
For most altcoins, low volume is nefast for their future gains, but DOGE is inching in the green with just $15M worth of trades. Most of the volume originates from Gate.io and ZB.COM, as their USDT trading pairs are competing with one another for the top spot. Dogecoin wouldn’t be the meme currency people know it as without having some good memes to go around. The following Tweet is not necessarily a traditional meme, albeit that shibe sure looks rather appealing.
— Painted Texture (@PaintedTextures) October 5, 2018
Paying homage to the best Dogecoin meme artist is direly needed at this stage. It is evident there is still a bright future ahead for Dogecoin when it comes to memes and online content, albeit it remains to be observed how all of this pan out exactly. Based on the official Dogecoin Memes account, Zimo is the one the world should thank for all the shibes and wows.
Shout out to one of the most wow Dogecoin memes creator out there, please show @zimonitrome some love and we might get even more awesome Dogecoin meme videos one day, much wow 🌜🐶https://t.co/DVpNozVJUA#Dogecoin #memes #crypto #cryptocurrency #doge #tothemoon #moonsoon
— Dogecoin Memes (@DogecoinMemes) October 5, 2018
On the technical analysis front, it seems Dogecoin is entering an extremely bullish territory as of right now. How high the price will go, is anybody’s guess, for the moment. Although this doesn’t necessarily mean the value per DOGE will rise considerably, it is not completely abnormal the altcoin is noting some small gains as of right now.
$DOGE! Bullish Harami Cross on daily, right above VPVR's Node. #DOGEcoin doesn't want to give up easy. I never recommend to hold, but hold while we are above EMA26 which is ~56. $btc #bitcoin #btc $ltc #litecoin $eth #ethereum $crypto $bch $bcash $cc #etf #stock #cme $tsla pic.twitter.com/C8vw24arvz
— IceMan (@_crypto_iceman) October 4, 2018
No matter which direction the price goes in, the Dogecoin value will always be of great interest to the cryptocurrency industry. It isn’t a stablecoin by any means, albeit it seems to achieve a similar goal without even trying. So far, DOGE has proven to be probably the most stable cryptocurrencies in the industry to date, resulting in much less volatility than people could have expected.