• 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: How Uniswap Was Deployed On The Binance Smart Chain
  • 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: How Uniswap Was Deployed On The Binance Smart Chain
Dogecoin DOGE DOGEUSDT

How DOGE Could Bring Doom To Crypto Rally

Reynaldo Marquez by Reynaldo Marquez
2 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

After an impressive overnight rally, Dogecoin (DOGE) crossed the $0.50 and smashed every resistance towards new all-time highs. The so-called meme cryptocurrency has surpassed the market cap of giant corporations in traditional finance, some have begun to question the existence of “the people’s coin”.

Trader MeanHash, a Dogecoin holder, believes the cryptocurrency has the potential to ruin the crypto industry. This idea has divided the crypto space into two sides, those that defend what Dogecoin represents and the others, that most view it as a speculative asset and have called for its ban. MeanHash said:

DOGE might actually ruin crypto. Wouldn’t that be a fitting end to all of this? The meme coin destroys trust in the entire ecosystem. The higher it goes the more concerned I am about it all falling apart.

In the other corner is Tyler Winklevoss, founder of Gemini exchange. He claims Dogecoin’s money supply is more transparent, “hard” and predictable than the U.S. dollar.

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!

However, Chief Financial Officer for the Oslo Freedom Forum and the Human Rights Foundation, Alex Gladstein, has highlighted some of Dogecoin’s flaws. Gladstein pointed towards the cryptocurrency centralized supply, over 80% of Dogecoin is controlled by the top 100 addresses. Gladstein said:

Remember: Dogecoin has had several insane pumps like this before, only to later fall in value by 90%+. In sum: Please do not listen to anyone who says Dogecoin is better than, no different than, or even remotely similar to Bitcoin.

Others, like trader Pentoshi, are much more optimistic:

It’s 2023. The $doge money will flow into the rest of the market you tell yourself again. Dogecoin is now trading at $589. It’s the worlds only payment method after the collapse of the dollar.

DOGE-Day, Elon Musk To Present The Dogefather

The Shiba Inu coin could go parabolic in the short term. D-Day has been set for May 8th, 20201. Elon Musk, Tesla’s Technoking and CEO, one of Dogecoin’s stronger supporters will make an appearance in Saturday Night Live, the popular American comedy show. Musk will apparently “test” how “live” the program is.

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

The entrepreneur’s statements on the cryptocurrency have been major price drivers, during the past year. In fact, some have argued that Musk brought this cryptocurrency back from the dead zone at $0.05.

At the time of writing, Dogecoin trades at $0.61 with a 9.2% rally in the daily chart and a 143.1% in the weekly chart. The Shiba Inu coin has a price target of $1 for D-Day.

Dogecoin DOGE DOGEUSDT
Dogecoin with important gains in the daily chart. Source: DOGEUSDT
Tags: dogeDogecoindogeusdt
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Bitcoin $1 million

Bitcoin To $1 Million? Why Hyperinflation Is Unlikely In The US

2 hours ago
Bitcoin Proof of work

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why

15 hours ago
Bitcoin

$28.7K Could Be Next Level To Break For Bitcoin, Here’s Why

16 hours ago
10 Best Bitcoin Casino Canada: 10 Bitcoin Gambling Sites in 2023

10 Best Bitcoin Casino Canada: 10 Bitcoin Gambling Sites in 2023

16 hours ago
FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

FOMC Decision Will Push Bitcoin Up Or Down? The $30,000 Question

18 hours ago
Best Alternatives to Stake 2023

Best Alternatives to Stake 2023

18 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Altcoin News Roundup: Orbeon Protocol (ORBN), VeChain (VET), and Litecoin (LTC) Make Headlines

March 22, 2023

TMS Network (TMSN) Continues to Grow, Polygon (MATIC) Partners with Salesforce as Polkadot (DOT) Partners with Stellar

March 22, 2023

Why Investors and Traders Are Accumulating Shiba Inu (SHIB), Fetch.ai (FET), and TMS Network (TMSN)

March 22, 2023

The Most Exciting Cryptocurrencies Not To Miss in March, 2023: TMS Network (TMSN), Terra Classic (LUNC) and Algorand (ALGO)

March 22, 2023

Toncoin (TON), Polygon (MATIC) and Orbeon Protocol (ORBN) – Three Tokens Fighting Back Against The Bear Market In 2023

March 22, 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.