ADVERTISEMENT

cryptocurrency

DOGE Price Prediction – When Will We See $0.15 Again?

ADVERTISEMENT

join us Wire Channel to stay up to date with the latest news

Dogecoin is one of the most valuable cryptocurrencies in the market and has managed to break the market downturn on the 24-hour chart. However, what does the future hold for the most popular coin in the market and how do investors position themselves in the future?

doge price action

DOGE is currently trading at $0.08207. The property is up 0.35% in price in the past 24 hours, which is a marginal gain. The broader market is also down 0.75% over the past 24 hours.

With the price increase, DOGE is trading well above its moving average (MA) indicator. The crypto asset traded above these indicators, from the 10-day moving average at $0.08194 to the 200-day moving average at $0.08150.

DOGE also has a positive moving average convergence divergence (MACD), and the asset’s 58.59 Relative Strength Index (RSI) shows it is not overbought.

fed minute pump pioneer coins

The biggest gain for the crypto market right now seems to be the optimism that the Federal Reserve can finally start easing its monetary policy. The Fed has been working for months to reduce the effects of inflation in the United States and has so far raised interest rates sharply. But with interest rate hikes in the following months, the policy finally seems to be paying off.

The Fed released its consumer price index (CPI) data for October a few weeks ago. The data showed that monthly inflation was much higher than most analysts expected, leading analysts to expect rate hikes to be significantly lower.

Also read  Russia will not be harmed by Europe's new oil price cap

The Fed has indicated that it may be taking a less aggressive approach to raising rates. The bureau released the minutes just days before its November meeting, indicating that a less aggressive monetary policy could easily be on the table. However, it said it will continue to monitor market dynamics as it hopes to work towards its goal of keeping inflation below 2%.

The release of the Fed minutes boosted the prices of the digital asset. A less aggressive interest rate policy means investors will be freer to invest capital in riskier assets, especially crypto.

Since DOGE and other meme coins are notable for their propensity to profit, these assets could reap big profits once the market recovers.

Tarot also offers great opportunities for profit.

As investors continue to work to gain profits from the market, it is worth noting that established coins are not the only ones that can offer opportunities for profitability. A new pre-sale that is getting investors excited is TARO, RobotEra’s native token.

Robotera is a Metaverse gaming platform backed by ElBank Labs. It takes players to the planet Taro, where they can choose a robot avatar and buy real estate to rebuild the virtual world. Here players can buy properties, build houses and structures and much more. All assets owned by players will be non-fungible tokens (NFTs), so players own what they buy.

With the ability to own your property, Robotera is building a world where players have complete control. The platform’s TARO token is also quite impressive, with the presale already raising over $216,000 despite being less than a month old.

related news

Dash 2 Trade – High Potential Presale

  • Active presale now live – Dash2trade.com
  • Native token of the crypto signal ecosystem
  • KYC verified and checked
Also read  Equis Weekly Movers: One Health Group is launched

join us Wire Channel to stay up to date with the latest news

Source: news.google.com

ADVERTISEMENT

ADVERTISEMENT

Leave a Comment