• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Dogecoin DOGE

Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

Reynaldo Marquez by Reynaldo Marquez
2 months ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend.

Related Reading: Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24 hours. Over the previous seven days, the meme coin still records an 8% profit. In the crypto top 10, DOGE stands amongst the best performers, surpassed only by Cardano (ADA) and Polygon (MATIC).

Dogecoin DOGE DOGEUSDT
DOGE’s price with small profits on the daily chart. Source: DOGEUSDT Tradingview

Dogecoin’s Rally Stirs The Crowds, Is A Retrace Imminent?

Data from Coingecko indicates positive development for meme coins. The sector records around $20 billion in total market cap, a 2% increase in 24 hours, and $1 billion in trading volume over the same period.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

In addition to Dogecoin, Shiba Inu (SHIB), Baby Dogecoin, and Bonk have captured the attention of crypto investors. The second of these assets experience a 23% rally in the past week alone, hinting at the increase in risk appetite from digital asset enthusiasts.

The Bitcoin rally deep into the $20,000 territory has flipped the crypto market’s sentiment. As a result, Dogecoin and other meme coins are resurging and outperforming more significant digital assets.

Additional data from analytics firm Santiment registered increased levels of positive interaction across social media platforms. This suggests that users are more willing to take long positions, swelling the liquidity to the downside.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

In other words, people are experiencing fear of missing out (FOMO), as recorded by Santiment, increasing the chances of a pullback. Market makers could squeeze long positions before resuming the bullish momentum.

As seen in the chart below, the altcoin sector has recently seen important growth. Tokens such as APTOS and LCX saw around 40% of weekly profits.

Dogecoin DOGE DOGEUSDT
Altcoins seeing massive profits in a short span of time. Source: Santiment via Twitter
Related Reading: XRP Whales Accumulate Massive Tokens – Is A Bull Run Coming?

Santiment wrote:

Altcoins are on another impressive run, with several notable assets up 20% or more. After a 5-day crypto dip, prices are seeing little resistance. Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Binance Coin

Binance Coin (BNB) Sees Slight Recovery After Brief Fall Amid CFTC Lawsuit

1 hour ago
Polkadot (DOT)

DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7

3 hours ago
Ethereum Price

Ethereum Price Breaking This Confluence Resistance Could Spark Rally

3 hours ago
Bitcoin

Bitcoin Price Indicators Show Vulnerability to Another Downside Correction

4 hours ago
Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

Bitcoin At $26,900: Is It Well-Positioned For Breakout Despite Potential Drop?

11 hours ago
Bitcoin

Are We At The Early Stages Of A Bitcoin Bull Market? Bitfinex Analysts Reveal

13 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Three Unique Top Presales To Buy in 2023: RobotEra, Metropoly, Dogetti

March 29, 2023

Orbeon Protocol (ORBN), Bitcoin (BTC), and Monero (XMR) Gain During bank Runs

March 29, 2023

Which Crypto Will Shine in 2023? Stellar (XLM), Cronos (CRO) or Collateral Network (COLT)

March 29, 2023

Collateral Network (COLT) Introduces Asset-Backed Lending, Crypto.com (CRO) Gets Dubai License, While Bank Runs Trigger Bitcoin (BTC) Pump

March 29, 2023

Investors Pass Positive Verdict On Orbeon Protocol (ORBN) As Dash (DASH) and Litecoin (LTC) Disappoint

March 29, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.