Dogecoin price is up 4% in the past 24 hours to $0.092641 after news of Sam Bankman-Fried’s arrest, Binance finance speculation and US inflation data better than expected.
However, its current value marks an 8.5% decline over the past week, with the coin flat over the past month and down 45% year-to-date.
Given the negative market sentiment and lack of good news for DOGE lately, some analysts have started to suggest that the altcoin is poised for further declines despite the recent rally.
However, holders and supporters are hoping that Twitter will integrate some form of Dogecoin payments, which would see the token even skyrocket.
Is it too late to buy Dogecoin? 3 traders submit their DOGE forecasts
DOGE’s indicators are currently mixed. Its relative strength index (purple) has slipped below 50 in recent days, suggesting greater selling pressure. However, the 30-day moving average (red) is well above the 200-day moving average (blue) and has started to rise again.
This could indicate that DOGE is poised to bounce back from a lull in its late October rally. Of course, given the current market conditions, it is possible that such a rise will not materialize, at least not in the short term.
As a result, the opinions of traders and analysts diverge on the short-term and long-term development of DOGE.
Most notably, CNBC financial host Jim Cramer recently said DOGE was going to fall apart, adding that the piece was essentially a “hoax.” However, DOGE and other cryptocurrency holders have responded to this claim by suggesting that Cramer’s dismissal of Dogecoin is actually bullish given how many times he has been wrong.
When it comes to members of the DOGE and cryptocurrency communities, there are more than a few who believe that after the dips of the past few weeks, Dogecoin is poised to rebound. Crypto Twitter personality The Doge Coach suggested a $0.15 increase by the end of this week, which would mean a 66% jump.
While such an increase is unlikely in such a short time, others have suggested DOGE will have a good week without quoting a specific number or level.
It’s unclear exactly what will trigger a major DOGE movement this week, but most fans continue to expect some sort of announcement from Twitter and/or Elon Musk in the not too distant future.
On the one hand, Twitter is expected to eventually adopt guidance based on DOGE (or something similar), an expectation that was entirely responsible for the DOGE rally in late October.
On the other hand, some are hoping Musk will introduce the ability to pay for Tesla cars with DOGE. This would also give the meme token a massive boost, but remains purely hypothetical at this point, even though Tesla has been accepting DOGE as payment for some of its goods for over a year.
Beyond this optimism there is also speculation that Twitter could be working on its own “Twitter Coin”. If true, it would likely negate the need for DOGE-based payments.
So the Dogecoin community will have to do more to support DOGE price than just hope for a fickle social media ruler.
Altcoins are not dependent on Twitter and Elon Musk
Given DOGE’s reliance on the unpredictable Elon Musk, some investors may prefer to look to altcoins looking to grow based on their own fundamental characteristics. Despite the cryptocurrency remaining in a bear market, 2022 has still produced more than a few promising new coins in this form, with pre-sales this year proving particularly lucrative.
For example, Lucky Block (LBLOCK) and Battle Infinity (IBAT) saw price gains of up to 6,000% and 3,000%, respectively, from their original pre-sale prices of $0.00015 at summer course. Similarly, Tamadoge (TAMA) is up 1,800% after listing on OKX in October.
While these coins have ended their sales, the following three tokens are still on respective offer.
This means that these will be closing soon, so early investors will need to act quickly if they wish to buy before listing.
Dash 2 Trade (D2T) – Final Stage Presale
Powered by the Ethereum blockchain, Dash 2 Trade is a trade intelligence platform that provides investors with real-time analytics and social trading data to help them make more informed trading decisions. The platform is scheduled to launch in early 2023, using the D2T token to pay the platform’s monthly subscription fee (there are two subscription tiers).
The Dash 2 Trade presale, which is now in its fourth and final phase, has already Over $9.6 million raised and also announces listings on Uniswap, BitMart and LBANK Exchange for the New Year.
Visit Dash 2 Trade nowyou
Calvary (RIA)
Calvaria (RIA) is a blockchain-based game where players can collect, trade, and battle NFT-based cards. It is a profitable game and it stands out for its ability to play it without owning cryptocurrencies, which could make it accessible to a wider audience.
RIA is used in the ecosystem for item purchases and in-game wagering, making it a strong use case. The pre-sale of the token raised just over $2.4 million and is currently in its fifth phase, which is also its final phase.
Visit Calvary now
RobotEra (TARO)
RobotEra (TARO), another Ethereum-based platform, is a sandbox-style metaverse that allows players to take on the role of robots and participate in shaping their virtual world. This includes creating lots, buildings, and other NFT-based game elements. The game also aims to allow players to network with other metaverses and create an interoperable multiverse.
1 TARO is currently selling for 0.020 USDT (it can be bought with USDT or ETH), although this price will drop to 0.025 USD in the second phase of the presale. He has already raised more than half a million dollars.
Visit RobotEra now