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Đại diện cho CRIPTO VIETNAM - Chia sẻ thông tin giá trị nhất về Crypto
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R-Ratio - SIMPLE tool for effective risk management for Altcoin Season
During the #altcoin (#altcoinseason ) season, when cryptocurrencies other than Bitcoin ($ETH , $BNB ,...) often have strong volatility and high growth opportunities, risk management and profit optimization are important.
R:R
One of the important risk management tools is the R (Risk Reward Ratio), which helps you make informed trading decisions and control your profits/losses. Here's how to understand and apply the R ratio in the context of Altcoin Season!
R:R
One of the important risk management tools is the R (Risk Reward Ratio), which helps you make informed trading decisions and control your profits/losses. Here's how to understand and apply the R ratio in the context of Altcoin Season!
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"Dogenomics" Strategy - A Factor That Makes DOGS Price Volatile
$DOGS build a unique token allocation strategy called "Dogenomics" – an important factor to evaluate the long-term potential of the project
Accordingly, 81.5% of tokens $DOGS are allocated directly to the community without a lock limit, allowing users to trade tokens as soon as they receive them.
While not locking up tokens gives the community a large stake, it is also a factor that can cause the token price to fluctuate wildly, especially when selling pressure increases. Due to the large supply of tokens being freely issued without any lockup limits, DOGS is likely to be subject to downward pressure as users push to sell for short-term gains.
Accordingly, 81.5% of tokens $DOGS are allocated directly to the community without a lock limit, allowing users to trade tokens as soon as they receive them.
While not locking up tokens gives the community a large stake, it is also a factor that can cause the token price to fluctuate wildly, especially when selling pressure increases. Due to the large supply of tokens being freely issued without any lockup limits, DOGS is likely to be subject to downward pressure as users push to sell for short-term gains.
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DOGS In-Depth Analysis - Combining Technical Data, Market Sentiment & Money Flows, for the Week Ahead!
Analysis time: ~12:09 November 16, 2024 (Vietnam time)
1. Technical Analysis
➢ 1 day time frame:
Important resistance and support levels:
Resistance: 0.0008248 – This is the closest price level that DOGS could not break, a major breakout is needed to confirm the uptrend.
Support: 0.000600 - 0.000618 - This is a strong support zone, which has been held many times, showing stable buying power.
1. Technical Analysis
➢ 1 day time frame:
Important resistance and support levels:
Resistance: 0.0008248 – This is the closest price level that DOGS could not break, a major breakout is needed to confirm the uptrend.
Support: 0.000600 - 0.000618 - This is a strong support zone, which has been held many times, showing stable buying power.
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Quick analysis $DOGE /USDT (19:45 - 15/11/2024 - VN):
➤ Resistance: 0.38163 - The price touches this level and shows signs of correction, this is the zone that needs to break to continue increasing.
➤ Support: 0.35327 - This is the nearest support zone, if the price falls here, you can consider buying.
➤ Trend: The short MA (7 and 25) is below the long MA (99), showing a slight downtrend but with signs of accumulation.
Trading strategy:
➤ Buy: If the price stays above 0.3700, this could be a good zone to catch the uptrend when the price shows signs of accumulation.
➤ Take profit: Set target at 0.38163, if broken it can go up to 0.4000.
➤ Stop loss: Set below 0.35327 to minimize risk if price drops sharply
Note: Monitor trading volume, if it increases suddenly with price, this can be a signal for a strong uptrend.
Every day, Cripto will post similar analysis with different coins. Follow CRIPTO (@caocaoo2211 ) to update technical indicators or interesting information about crypto!
---------------------------
Note: The crypto market is highly volatile, and relying on technical analysis does not guarantee results. Please consider and make decisions based on your risk tolerance.
➤ Resistance: 0.38163 - The price touches this level and shows signs of correction, this is the zone that needs to break to continue increasing.
➤ Support: 0.35327 - This is the nearest support zone, if the price falls here, you can consider buying.
➤ Trend: The short MA (7 and 25) is below the long MA (99), showing a slight downtrend but with signs of accumulation.
Trading strategy:
➤ Buy: If the price stays above 0.3700, this could be a good zone to catch the uptrend when the price shows signs of accumulation.
➤ Take profit: Set target at 0.38163, if broken it can go up to 0.4000.
➤ Stop loss: Set below 0.35327 to minimize risk if price drops sharply
Note: Monitor trading volume, if it increases suddenly with price, this can be a signal for a strong uptrend.
Every day, Cripto will post similar analysis with different coins. Follow CRIPTO (@caocaoo2211 ) to update technical indicators or interesting information about crypto!
---------------------------
Note: The crypto market is highly volatile, and relying on technical analysis does not guarantee results. Please consider and make decisions based on your risk tolerance.
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CETUS/USDT Quick Analysis (19:25 - 15/11/2024):
➤ Resistance: 0.4042 - Price just touched this level, if broken, the uptrend may continue.
➤ Support: 0.3407 - This is the nearest support zone, could be a good buy point if price falls here.
➤ Short-term bullish signal with short MA (7 and 25) crossing up long MA (99).
Trading Strategy:
➤ Buy: If price stays above 0.3700 - 0.3800, this could be a good entry zone to catch the uptrend.
➤ Take Profit: Set target at 0.4042 and higher at 0.4500 if resistance is broken.
➤ Stop Loss: Set below 0.3407 to preserve capital if the trend reverses.
Note: Keep an eye on the trading volume, if it spikes along with the price momentum, it is a sign of strengthening the current trend.
Every day, Cripto will post similar analysis with different coins. Follow CRIPTO (@caocaoo2211 ) to update technical indicators or interesting information about crypto!
---------------------------
Note: The crypto market is highly volatile, and relying on technical analysis does not guarantee results. Consider and make decisions based on your risk tolerance.
➤ Resistance: 0.4042 - Price just touched this level, if broken, the uptrend may continue.
➤ Support: 0.3407 - This is the nearest support zone, could be a good buy point if price falls here.
➤ Short-term bullish signal with short MA (7 and 25) crossing up long MA (99).
Trading Strategy:
➤ Buy: If price stays above 0.3700 - 0.3800, this could be a good entry zone to catch the uptrend.
➤ Take Profit: Set target at 0.4042 and higher at 0.4500 if resistance is broken.
➤ Stop Loss: Set below 0.3407 to preserve capital if the trend reverses.
Note: Keep an eye on the trading volume, if it spikes along with the price momentum, it is a sign of strengthening the current trend.
Every day, Cripto will post similar analysis with different coins. Follow CRIPTO (@caocaoo2211 ) to update technical indicators or interesting information about crypto!
---------------------------
Note: The crypto market is highly volatile, and relying on technical analysis does not guarantee results. Consider and make decisions based on your risk tolerance.
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DETAILED TECHNICAL ANALYSIS OF BITCOINS
Analysis time: 16:39 November 15, 2024 (Vietnam time)
1. Price Action Analysis
In the 1-hour time frame, Bitcoin price is currently fluctuating between 86,668.21 USDT and 93,265.64 USDT.
After peaking at 93,265.64 USDT, BTC has shown signs of a slight correction.
With small candles showing indecision between buyers and sellers. This could signal that BTC is accumulating around this price level, waiting for a breakout in a certain direction.
1. Price Action Analysis
In the 1-hour time frame, Bitcoin price is currently fluctuating between 86,668.21 USDT and 93,265.64 USDT.
After peaking at 93,265.64 USDT, BTC has shown signs of a slight correction.
With small candles showing indecision between buyers and sellers. This could signal that BTC is accumulating around this price level, waiting for a breakout in a certain direction.
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DETAILED TECHNICAL ANALYSIS OF DOGS - REFLECTING A SHARP DOWNTREND
Analysis time: 15:39 November 15, 2024 (Vietnam time)
---
CRYPTO VIETNAM
1. Price Action Analysis
On the 1-hour (1H) time frame chart, the price of DOGS Coin is currently showing signs of decline after recently peaking at 0.0007345 USDT.
This decline shows strong selling pressure. The consecutive candles make lower highs and lower lows, which is a sign of a clear downtrend.
---
CRYPTO VIETNAM
1. Price Action Analysis
On the 1-hour (1H) time frame chart, the price of DOGS Coin is currently showing signs of decline after recently peaking at 0.0007345 USDT.
This decline shows strong selling pressure. The consecutive candles make lower highs and lower lows, which is a sign of a clear downtrend.
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CETUS TECHNICAL INDICATOR ANALYSIS - For Beginners to Understand!
This is the latest analysis based on real-time - 12:15 November 15, 2024 (Vietnam time)
----------------
Overall Trend
Based on the current chart, the overall trend of CETUS/USDT shows signs of weakness with selling pressure dominating. The price is hovering around 0.3484 USDT and there are no clear signs of a strong breakout in any direction.
The long-term trend remains bearish as prices are below the long-term moving average (MA99), while the short-term trend is also facing obstacles as prices fail to stay above the shorter moving averages (MA7).
----------------
Overall Trend
Based on the current chart, the overall trend of CETUS/USDT shows signs of weakness with selling pressure dominating. The price is hovering around 0.3484 USDT and there are no clear signs of a strong breakout in any direction.
The long-term trend remains bearish as prices are below the long-term moving average (MA99), while the short-term trend is also facing obstacles as prices fail to stay above the shorter moving averages (MA7).
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GROWTH POTENTIAL of $CETUS with CLMM model
Cetus Protocol is applying the CLMM (Concentrated Liquidity Market Maker) model, which helps optimize liquidity and reduce transaction fees, creating a strong advantage over the traditional AMM (Automated Market Maker) model.
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✅ BENEFITS
1. Liquidity concentration:
Liquidity providers (LPs) can concentrate liquidity on price ranges with high trading volume. This helps increase capital efficiency and reduce slippage, a problem that AMM does not completely solve.
2. Development potential:
CLMM has only been applied since 2021, not fully exploiting its potential. Cetus is a pioneer in implementing this model and can develop strongly, becoming a leading platform when CLMM replaces AMM.
----
⚠️ HOWEVER - THE FUTURE IS JUST THE FUTURE
There are still some risks to consider before investing in CETUS:
1. Incomplete:
CLMM is new, not widely tested, and Cetus may have issues with implementation, stability, and compatibility with other platforms in DeFi.
2. Fierce Competition:
Cetus has the advantage of CLMM, but large platforms such as Uniswap V3 and SushiSwap Trident are also applying this model. Cetus will face fierce competition from more established projects.
-----
Although #CLMM has great potential, Cetus Protocol is still a new project and may face challenges in competing and maintaining stability in the future.
Remember to follow CRIPTO (@caocaoo2211 ) to update more useful information about the crypto market!
Cetus Protocol is applying the CLMM (Concentrated Liquidity Market Maker) model, which helps optimize liquidity and reduce transaction fees, creating a strong advantage over the traditional AMM (Automated Market Maker) model.
----
✅ BENEFITS
1. Liquidity concentration:
Liquidity providers (LPs) can concentrate liquidity on price ranges with high trading volume. This helps increase capital efficiency and reduce slippage, a problem that AMM does not completely solve.
2. Development potential:
CLMM has only been applied since 2021, not fully exploiting its potential. Cetus is a pioneer in implementing this model and can develop strongly, becoming a leading platform when CLMM replaces AMM.
----
⚠️ HOWEVER - THE FUTURE IS JUST THE FUTURE
There are still some risks to consider before investing in CETUS:
1. Incomplete:
CLMM is new, not widely tested, and Cetus may have issues with implementation, stability, and compatibility with other platforms in DeFi.
2. Fierce Competition:
Cetus has the advantage of CLMM, but large platforms such as Uniswap V3 and SushiSwap Trident are also applying this model. Cetus will face fierce competition from more established projects.
-----
Although #CLMM has great potential, Cetus Protocol is still a new project and may face challenges in competing and maintaining stability in the future.
Remember to follow CRIPTO (@caocaoo2211 ) to update more useful information about the crypto market!
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The Real Nature of DOGS - Does this project have long-term potential and is it worth investing in?
Note: This is not investment advice. The cryptocurrency market is volatile, please consider carefully before making a decision.
$DOGS has gone through many wild price swings, leaving people debating its future. However, instead of focusing on price news or short-term market predictions, let's take a look at the true nature of DOGS.
To assess whether this project has long-term potential and is worth considering as an investment?
$DOGS has gone through many wild price swings, leaving people debating its future. However, instead of focusing on price news or short-term market predictions, let's take a look at the true nature of DOGS.
To assess whether this project has long-term potential and is worth considering as an investment?
See original
Currently, $DOGS is showing impressive growth, surpassing $TON in terms of percentage growth due to low market capitalization, easily generating strong price surges when capital flows in.
Just from free updates on the Telegram channel, DOGS has recorded an increase of about 20% - a notable figure!
Technically, DOGS is breaking out of the previous downtrend, showing positive signals as it breaks out of the descending channel and promising many prospects ahead.
The short-term target for this coin is aiming for a price range of 0.001 to 0.0012 USD.
However, we should also prepare for the possibility of a correction because market prices do not go up forever and will eventually need to adjust.
💬 What do you think about DOGS? What is your prediction for the upcoming price of DOGS? Let's discuss and don't forget to follow CRIPTO (@caocaoo2211 ) for the latest news updates!
----
Source: Crypto with Khan
Note: This is not investment advice. The cryptocurrency market is always volatile, please consider carefully before making a decision.
Just from free updates on the Telegram channel, DOGS has recorded an increase of about 20% - a notable figure!
Technically, DOGS is breaking out of the previous downtrend, showing positive signals as it breaks out of the descending channel and promising many prospects ahead.
The short-term target for this coin is aiming for a price range of 0.001 to 0.0012 USD.
However, we should also prepare for the possibility of a correction because market prices do not go up forever and will eventually need to adjust.
💬 What do you think about DOGS? What is your prediction for the upcoming price of DOGS? Let's discuss and don't forget to follow CRIPTO (@caocaoo2211 ) for the latest news updates!
----
Source: Crypto with Khan
Note: This is not investment advice. The cryptocurrency market is always volatile, please consider carefully before making a decision.
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Analyst predicts DOGS will rise 160%!
On November 10, 2024, analyst CoreCrypto1 shared that $DOGS Coin has just surpassed a significant resistance level, recent performance indicates it may be about to experience a major price surge - forecasting a 160% price increase for DOGS.
Here are some key points to consider:
DOGS has broken the descending triangle pattern, a bullish sign for investors.
This coin is currently trading at $0.00072, up 12.5% in the last 24 hours.
Here are some key points to consider:
DOGS has broken the descending triangle pattern, a bullish sign for investors.
This coin is currently trading at $0.00072, up 12.5% in the last 24 hours.
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So does $CETUS have long-term potential??
CETUS is benefiting from liquidity due to its listing on major exchanges and continuously reaching new all-time highs.
But most importantly, can it maintain growth after these surges? Is it possible?
CETUS is benefiting from liquidity due to its listing on major exchanges and continuously reaching new all-time highs.
But most importantly, can it maintain growth after these surges? Is it possible?
See original
I wonder what tomorrow will be like? Will it drop back down to 0.0005x like before? Or will it rise to 0.001?
DOGS has truly made a spectacular breakthrough in the past 2 days. This phenomenon is called "GOD CANDLE - HOLY CANDLE" - characterized by a candle that suddenly increases by x10 x20 in one day 🫢 It's very rare to see this in the crypto market.
$DOGS
DOGS has truly made a spectacular breakthrough in the past 2 days. This phenomenon is called "GOD CANDLE - HOLY CANDLE" - characterized by a candle that suddenly increases by x10 x20 in one day 🫢 It's very rare to see this in the crypto market.
$DOGS
GOD CANDLE HAS TRULY APPEARED WITH DOGS!
Just yesterday, we shared a prediction about the "God Candle" that could appear with $DOGS, and as expected, this candle has exploded. We can clearly see it on the 1-hour chart!
Check out the prediction post at this link: Dấu hiệu GOD CANDLE đang đến với cộng đồng DOGS và TON (Or, if concerned about unsafe links, you can revisit it in the pinned post at the top of our page: @caocaoo2211 )
With the "God Candle" now a reality, $DOGS continues to show itself as an attractive option for investors seeking opportunities in the market.
Many people remain patient and optimistic even when faced with less-than-positive rumors. This growth momentum reaffirms the community's confidence in the recovery and development of the TON ecosystem in the near future.
💡Don't miss the chance to catch the big movements with CRIPTO(@caocaoo2211 )! Follow us now to stay updated on the most important signals from the ecosystem $TON and $DOGS !
Just yesterday, we shared a prediction about the "God Candle" that could appear with $DOGS, and as expected, this candle has exploded. We can clearly see it on the 1-hour chart!
Check out the prediction post at this link: Dấu hiệu GOD CANDLE đang đến với cộng đồng DOGS và TON (Or, if concerned about unsafe links, you can revisit it in the pinned post at the top of our page: @caocaoo2211 )
With the "God Candle" now a reality, $DOGS continues to show itself as an attractive option for investors seeking opportunities in the market.
Many people remain patient and optimistic even when faced with less-than-positive rumors. This growth momentum reaffirms the community's confidence in the recovery and development of the TON ecosystem in the near future.
💡Don't miss the chance to catch the big movements with CRIPTO(@caocaoo2211 )! Follow us now to stay updated on the most important signals from the ecosystem $TON and $DOGS !
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Rumors about President #TRUMP potentially replacing SEC Chairman Gary Gensler – who is quite strict with cryptocurrencies – with someone more supportive.
Making the Crypto community hopeful for a promising environment for Ethereum and other cryptocurrencies. $ETH $BTC
Making the Crypto community hopeful for a promising environment for Ethereum and other cryptocurrencies. $ETH $BTC
THE POWER STRUGGLE in the cryptocurrency market is very tense!
The SEC (U.S. Securities and Exchange Commission) has just temporarily postponed its decision on allowing options trading on Ethereum ETF funds.
🤷 So
what are options?
It is a financial instrument that allows investors the right (but not the obligation) to buy or sell an asset at a predetermined price in the future.
In this case, options allow investors to bet on the price of Ethereum through ETF funds without needing to directly purchase the cryptocurrency, enabling them to profit even when Ethereum's price is volatile.
🤷 So
what are options?
It is a financial instrument that allows investors the right (but not the obligation) to buy or sell an asset at a predetermined price in the future.
In this case, options allow investors to bet on the price of Ethereum through ETF funds without needing to directly purchase the cryptocurrency, enabling them to profit even when Ethereum's price is volatile.
See original
THE POWER STRUGGLE in the cryptocurrency market is very tense!
The SEC (U.S. Securities and Exchange Commission) has just temporarily postponed its decision on allowing options trading on Ethereum ETF funds.
🤷 So
what are options?
It is a financial instrument that allows investors the right (but not the obligation) to buy or sell an asset at a predetermined price in the future.
In this case, options allow investors to bet on the price of Ethereum through ETF funds without needing to directly purchase the cryptocurrency, enabling them to profit even when Ethereum's price is volatile.
🤷 So
what are options?
It is a financial instrument that allows investors the right (but not the obligation) to buy or sell an asset at a predetermined price in the future.
In this case, options allow investors to bet on the price of Ethereum through ETF funds without needing to directly purchase the cryptocurrency, enabling them to profit even when Ethereum's price is volatile.
See original
Whale buys 8 million NEIRO tokens, driving price up 40%!
Recently, a "whale" purchased an additional 8 million tokens $NEIRO , driving the price up by 40% and sparking excitement in the market.
Illustration: cryptonews
This move coincides with NEIRO's strategic relationship with #DWFLabs , promising to boost NEIRO's position within the meme token group.
The NEIRO coin inspired by the Shiba Inu dog has drawn attention after a price surge of 5000% since its listing in August. Currently, NEIRO's daily trading volume has increased by 48% to $47 million - A sign of market confidence in this token's strong growth potential, similar to what was seen with #Solana , #Dogecoin , and #Fantom during the price rally in 2021.
Illustration: cryptonews
This move coincides with NEIRO's strategic relationship with #DWFLabs , promising to boost NEIRO's position within the meme token group.
The NEIRO coin inspired by the Shiba Inu dog has drawn attention after a price surge of 5000% since its listing in August. Currently, NEIRO's daily trading volume has increased by 48% to $47 million - A sign of market confidence in this token's strong growth potential, similar to what was seen with #Solana , #Dogecoin , and #Fantom during the price rally in 2021.
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GOD CANDLE HAS TRULY APPEARED WITH DOGS!
Just yesterday, we shared a prediction about the "God Candle" that could appear with $DOGS , and as expected, this candle has exploded. We can clearly see it on the 1-hour chart!
Check out the prediction post at this link: Dấu hiệu GOD CANDLE đang đến với cộng đồng DOGS và TON (Or, if concerned about unsafe links, you can revisit it in the pinned post at the top of our page: @caocaoo2211 )
With the "God Candle" now a reality, $DOGS continues to show itself as an attractive option for investors seeking opportunities in the market.
Many people remain patient and optimistic even when faced with less-than-positive rumors. This growth momentum reaffirms the community's confidence in the recovery and development of the TON ecosystem in the near future.
💡Don't miss the chance to catch the big movements with CRIPTO(@caocaoo2211 )! Follow us now to stay updated on the most important signals from the ecosystem $TON and $DOGS !
Just yesterday, we shared a prediction about the "God Candle" that could appear with $DOGS , and as expected, this candle has exploded. We can clearly see it on the 1-hour chart!
Check out the prediction post at this link: Dấu hiệu GOD CANDLE đang đến với cộng đồng DOGS và TON (Or, if concerned about unsafe links, you can revisit it in the pinned post at the top of our page: @caocaoo2211 )
With the "God Candle" now a reality, $DOGS continues to show itself as an attractive option for investors seeking opportunities in the market.
Many people remain patient and optimistic even when faced with less-than-positive rumors. This growth momentum reaffirms the community's confidence in the recovery and development of the TON ecosystem in the near future.
💡Don't miss the chance to catch the big movements with CRIPTO(@caocaoo2211 )! Follow us now to stay updated on the most important signals from the ecosystem $TON and $DOGS !
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The strong development of $CETUS has proven the increasing strength of the network $SUI (#SuiNetwork) in its role as a layer 1 blockchain platform.
The impressive transaction volume along with the rapidly expanding ecosystem has helped Sui solidify its position in the cryptocurrency market. These achievements not only help the network remain stable but also highlight Sui's long-term growth potential.
Can Sui become the next major network in the blockchain space? Leave your comments and remember to follow CRIPTO (@caocaoo2211 ) for the latest market analysis updates!
--------
💰Note: This is not investment advice. The cryptocurrency market is always volatile, please do thorough research before making investment decisions.
Source: Bala Kano
The impressive transaction volume along with the rapidly expanding ecosystem has helped Sui solidify its position in the cryptocurrency market. These achievements not only help the network remain stable but also highlight Sui's long-term growth potential.
Can Sui become the next major network in the blockchain space? Leave your comments and remember to follow CRIPTO (@caocaoo2211 ) for the latest market analysis updates!
--------
💰Note: This is not investment advice. The cryptocurrency market is always volatile, please do thorough research before making investment decisions.
Source: Bala Kano
See original
One of the standout factors that makes Dogecoin attractive is the unique relationship between $DOGE and tech billionaire Elon Musk.
Since 2021, when Elon Musk was referred to as the "Dogefather" by the community, he has become one of the strongest advocates for Dogecoin. A tweet from Musk can sometimes instantly cause Dogecoin's price to soar – this is a significant influence that not every token possesses.
-------
Earlier this year, #Dogecoin saw renewed interest, partly due to rumors about the integration of Dogecoin into the X platform. Musk has continuously sent strong signals, indicating he is ready to back Dogecoin.
Musk heightened attention when he proposed the establishment of a public agency called the "Government Efficiency Bureau" – abbreviated as D.O.G.E. This has sparked another wave of speculation that Dogecoin could continue to break out strongly, especially as Musk is expected to play an executive role in D.O.G.E.
The value of Dogecoin is largely still influenced by external factors and social media interest, leading to strong fluctuations according to each line #tweet of #ElonMusk .
So, can we feel comfortable with the price #Dogecoin20 rising and falling based solely on a tweet or a rumor? And relying too much on "noise" and speculation?
Is it an attractive investment or just a trend wave? Comment below and don’t forget to follow CRIPTO (@caocaoo2211 ) for the latest analysis!
----
Source: The Motley Fool
Note: This is not investment advice. The cryptocurrency market is always volatile, please do thorough research before making investment decisions.
Since 2021, when Elon Musk was referred to as the "Dogefather" by the community, he has become one of the strongest advocates for Dogecoin. A tweet from Musk can sometimes instantly cause Dogecoin's price to soar – this is a significant influence that not every token possesses.
-------
Earlier this year, #Dogecoin saw renewed interest, partly due to rumors about the integration of Dogecoin into the X platform. Musk has continuously sent strong signals, indicating he is ready to back Dogecoin.
Musk heightened attention when he proposed the establishment of a public agency called the "Government Efficiency Bureau" – abbreviated as D.O.G.E. This has sparked another wave of speculation that Dogecoin could continue to break out strongly, especially as Musk is expected to play an executive role in D.O.G.E.
The value of Dogecoin is largely still influenced by external factors and social media interest, leading to strong fluctuations according to each line #tweet of #ElonMusk .
So, can we feel comfortable with the price #Dogecoin20 rising and falling based solely on a tweet or a rumor? And relying too much on "noise" and speculation?
Is it an attractive investment or just a trend wave? Comment below and don’t forget to follow CRIPTO (@caocaoo2211 ) for the latest analysis!
----
Source: The Motley Fool
Note: This is not investment advice. The cryptocurrency market is always volatile, please do thorough research before making investment decisions.
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