As far as the top cryptocurrency markets are concerned, it remains to be seen which one, if any, will move up later today. As of right now, everything in the top 10 looks rather bleak, primarily because bitcoin is bleeding value all over the place. However, there is always a chance some positive momentum occurs because of this trend. When even the Dogecoin price is in the red, however, the future is not looking too great.
Dogecoin Price Momentum is Worrisome
In the world of cryptocurrency, there is a lot of information to keep an eye on. Not all markets will follow the world’s leading cryptocurrency’s price trend, which is always a welcome sight. When it comes to , however, it would appear there is always some adverse momentum. It is worth keeping an eye on Dogecoin at all times, as it is usually an indicator as to what will happen to the other markets over the next few hours. Right now, that trend is not necessarily too promising.
Over the past 24 hours, Dogecoin has been somewhat successful in terms of maintaining its current value. Although a 0.12% drop isn’t too bothersome whatsoever, one has to keep in mind that in itself does not look promising whatsoever. There is a 1.12% gain in DOGE/BTC at this time, however, which could easily offset the minor USD losses over the coming hours. That is, assuming this DOGE/BTC trend will remain in place, which may prove to be rather difficult to maintain.
On social media, it would appear something interesting is happening. Although the Dogecoin community still wants to get DOGE listed on Coinbase in the near future, it seems these demands are growing less common. This may be a sign of the community giving up on this project as a whole, although it is also possible Dogecoin doesn’t even need Coinbase in the first place. The recently listed coins on this exchange have not done too great in the price department, after all.
Please add
— Doge Love [Broke Philanthropist] (@DavidLoveDoge)
In the world of Dogecoin, there is never a lack of memes and funny images. Dogecoin Memes has shared a nice meme this time around and one that shows how one’s Dogecoin memes folder will usually trump that of Windows or the regular memes one. Images like these will keep the community entertained for some time to come, although it is evident it will not impact the price whatsoever. A good meme a day keeps the depression away, though.
— Dogecoin Memes (@DogecoinMemes)
The day can only get better when there is not just one, but two separate Dogecoin memes in one day. Siyana would like to see Dogecoin pump, rather than dump. While that is to be expected from traders and cryptocurrency enthusiasts, it seems unlikely there will be any major price increase in the near future. However, with the strong DOGE/BTC gains in place, there is a chance there won’t be much of a dump either throughout the rest of the day.
All PUMP, no Dump!
— siyana.io (@IoSiyana)
As is usually the case when it comes to Dogecoin, this market is even more predictable than most others out there. Since it doesn’t appear to rely on bitcoin’s momentum all that much, there is a good chance things will turn out to be rather interesting moving forward. How high or low the value will go throughout the day and over the weekend, is very difficult to predict. After all, there is usually a lot of surprising price momentum during the weekend.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Image(s): Shutterstock.com
Published at Fri, 22 Mar 2019 10:00:50 +0000
wallstreetexaminer.com / by Jesse Felder / April 6, 2017