Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.
Dogecoin (DOGE) is a cryptocurrency built around the popular “doge” meme featuring a Shiba Inu. Founder Jackson Palmer announced the project on Twitter in November 2013 as a joke. When friends and industry peers encouraged him to pursue the project, Palmer purchased the domain dogecoin.com and began building. He was soon joined by Billy Markus.
The founders believed that Dogecoin could be a more lighthearted and accessible introduction to cryptocurrency, as Bitcoin (BTC) had started to become stigmatized following the Silk Road debacle and mining had become increasingly unfeasible with consumer laptops. Palmer left the project in June 2014.
Dogecoin is based on Luckycoin (LKY), which is itself a fork of Litecoin (LTC). It features an inflationary monetary policy with no cap. The block reward is set at 10,000 DOGE per block per minute.
Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility.9089
Bitcoin has risen above $25,000, and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.9146
Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.7963
The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.8007
The February United States jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins.8353
The prospects of Elon Musk abandoning Dogecoin could negatively impact its price in both Bitcoin and USD terms.11750
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.6627
Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take.4048
Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited.7104
Bitcoin started March on a positive note, but historically, the month has recorded mediocre gains, which could be an early warning sign for crypto investors.6315
Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum.5227
Strong inflation data has pulled Bitcoin and select altcoins below their immediate support levels, signaling a few days of corrective action.7805
BTC and altcoins are pulling back sharply, but is today’s correction a simple lower support retest, or a sign of worse things to come?6387
Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.6873