In response to an article discussing several metrics for measuring development, the developer of Dogecoin mentioned Bitcoin’s contentious price movement and questioned whether it qualified as progress or not. He later acknowledged that it is.

Since breaking through the psychological resistance of $50,000, the first cryptocurrency, Bitcoin, has lost a significant portion of its value on the cryptocurrency market, sending fear among long- and mid-term investors who were hoping to make significant returns.

Given his general support for cryptocurrencies on Twitter, it is clear that the developer of the biggest memecoin on the market was asking humorously about the progress of Bitcoin. Later on, he clarified that progress is already being made if something is above zero.

How’s it going for Dogecoin?

Investors would not likely be pleased with the first memecurrency’s development, unfortunately, since DOGE is currently consolidating near the 50-day moving average and has failed to break through any local resistance levels on the chart.

Fortunately, a flag pattern is readily apparent here, hinting at the impending volatility spike that may be required for a rebound rally, given Dogecoin’s price performance over the last few months.

Memecoins have a chance for a turnaround rise in the next months since they are the riskiest assets in the entire sector and the industry’s improving attitude will likely lead to investors’ demand for risk.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

bitcoin price

DOGE

Dogecoin

Dogecoin Creator

Dogecoin's price

Memecoins

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Related Posts

• European Traders Jump On The DTX Exchange (DTX) Train After Spot Ethereum ETFs Cross $100M and DOGE Rallies
• Dogecoin (DOGE) Set to Hit New ATH? Key Indicators for the Dogecoin Bull Run, Will Elon Musk Factors Be Considered?
• Dogecoin Price Rally: DOGE, Shiba Inu, And WallitIQ Go Head To Head For Dominance, Which Should You Buy?
• 4 Coins That Will Skyrocket and Create Unbelievable Wealth in Your 2024-2025 Bull Run Portfolio
• Market Overview (Nov 4 – Nov 10): Trump Victory and FED Policy Propel Bitcoin to New Heights
• Dogecoin Price At Critical Junction Where Support And Resistance Touch, Is It Better To Buy This DeFi Altcoin For 5,000% ROI This Month?
• Crypto Analyst Puts Ethereum Price At $6,000 In 2025, Dogecoin At $1.2, And This AI Altcoin To Skyrocket 15,000%
• Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Uncategorized

Bitcoin Price Performance Mocked By Dogecoin Creator

In response to an article discussing several metrics for measuring development, the developer of Dogecoin mentioned Bitcoin’s contentious price movement and questioned whether it qualified as progress or not. He later acknowledged that it is.

https://twitter.com/BillyM2k/status/1556116010293293059

Since breaking through the psychological resistance of $50,000, the first cryptocurrency, Bitcoin, has lost a significant portion of its value on the cryptocurrency market, sending fear among long- and mid-term investors who were hoping to make significant returns.

Given his general support for cryptocurrencies on Twitter, it is clear that the developer of the biggest memecoin on the market was asking humorously about the progress of Bitcoin. Later on, he clarified that progress is already being made if something is above zero.

How’s it going for Dogecoin?

Investors would not likely be pleased with the first memecurrency’s development, unfortunately, since DOGE is currently consolidating near the 50-day moving average and has failed to break through any local resistance levels on the chart.

Fortunately, a flag pattern is readily apparent here, hinting at the impending volatility spike that may be required for a rebound rally, given Dogecoin’s price performance over the last few months.

Memecoins have a chance for a turnaround rise in the next months since they are the riskiest assets in the entire sector and the industry’s improving attitude will likely lead to investors’ demand for risk.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]