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Dogecoin Price Prediction As Elon Musk Apologizes For Suspending Twitter Accounts – DOGE Integration Coming Soon?

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The price of Dogecoin rose significantly in the hours following Elon Musk’s announcement that he would be amnestying suspended Twitter accounts. Dogecoin is currently trading at USD 0.08793, up 0.51% in the last hour, 8.34% in the last 24 hours and 3.20% in the past week.

The price of Dogecoin has been boosted by Musk’s continued support for Dogecoin on Twitter, as well as rumors that Dogecoin may soon be integrated into the Twitter platform. Dogecoin has been a favorite of Musk, who has called Dogecoin “the people’s crypto” and even jokingly suggested that Dogecoin could be used to pay for his online elections.

Dogecoin Price Prediction and Technical Analysis

Dogecoin is currently consolidating with the Relative Strength Index (RSI) at 51.3704 and the Exponential Moving Average (EMA 10) at 0.0834. This indicates that buying momentum may slow and Dogecoin bulls should be cautiously optimistic.

The Dogecoin price has found strong support above the $0.071 range after bouncing off the support area at least three times since late October, while the $0.091 resistance level has held relatively steady over the past week.

Technical signs suggest that Dogecoin is poised to continue a consolidation phase in the coming weeks, as Dogecoin investors await developments regarding Dogecoin’s integration into the Twitter platform. Of course, this depends on whether the larger market is also moving up or down.

dogecoin fundamental analysis

In addition to macroeconomic conditions, Dogecoin’s continued success will largely depend on the amount of support it receives from Musk and other influential figures in the cryptocurrency space, as well as further developments with Dogecoin integration into Twitter.

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However, at this stage, any speculation about Dogecoin’s integration into Twitter is just that: speculation. But Dogecoin investors and traders should definitely keep their eyes peeled for possible developments in the coming weeks and months.

As always, traders should also be aware of broader macroeconomic conditions and the wider crypto market as well. For example, if the stock market sees a significant drop or Genesis files for bankruptcy as a result of the FTX transition, most cryptocurrencies are likely to experience major losses.

dogecoin alternative

In general, investors should be extremely careful with meme coins like Dogecoin, which are extremely volatile and can fall just as quickly as they rise. This is especially true for Dogecoin, which has largely depended on Musk’s whims and his tweets.

It is important to remember that Dogecoin is still a highly speculative asset, and it is always wise to diversify your portfolio with more established cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), as well as other altcoins and promising projects. .

Popular presale coins right now with strong fundamentals backed by solid teams include Dash 2 Trade (D2T), Robotera (TARO), and IMPT.

Dash 2 Trade (D2T)

Dash 2 Trade is an innovative social trading and crypto analytics platform that helps investors make informed investment decisions. Dash 2 Trade features include:

  • trading signals with buy/sell opportunities in the market,
  • Social sentiment and on-chain analysis to spot trending coins,
  • Strategy builder and social trading tools for easy trading and strategy adoption,
  • Custom scoring system for measuring crypto presale
  • Crypto Listing Alert for promising new listings
  • Trading competitions for customers.
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The D2T Token is the fuel that powers the Dash 2 Trade ecosystem.

Due to launch in the first quarter of 2023, D2T has raised approximately $7 million to date. The project announced a listing on BitMart and LBANK in early 2023.

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Robotera (Tarot)

The Robotera game is a robot-themed futuristic game set in a virtual world where players can purchase virtual properties and in-game assets linked to NFTs. In the Robotera metaverse, players are free to create their own games and experiences, backed by TARO tokens.

1 TARO is currently selling for $0.020 USDT in the pre-sale (purchased with USDT or ETH), but will rise to $0.025 during Phase 2 of the pre-sale starting soon.

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IMPT

IMPT is a revolutionary way for people and businesses to join the fight against climate change. It connects responsible brands with companies and individuals who want to reduce their carbon footprint. Users can buy, sell or withdraw credits, avoiding double counting and fraud.

Users earn carbon credits by purchasing from more than 10,000 different retailers, who contribute a percentage of sales to carbon capture projects. In addition, users can track their progress with the Global Score and get IMPT points for various activities on the platform.

Since IMPT sales began in October, more than $13 million in presales have been raised. The price of 1 IMPT is currently $0.023 and may be increased in the next phase of Pre-Sale.

Now go to IMPT

Source: news.google.com

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