DOGEUSDT (Dogecoin) - Coin of the Week
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. Dogecoin's proof-of-work protocol differs from Bitcoin's in many respects, one of which being the use of Scrypt code. The altcoin also has a one-minute block period and an uncapped total availability, meaning that the amount of Dogecoins that can be mined is unlimited. Dogecoin has mainly been used on Reddit and Twitter as a tipping mechanism to reward the production or distribution of high-quality content.
Technically, after the correction in mid-April that dropped the price from $0.44 USD to $0,15 USD, we are now expecting for the uptrend to resume. Although the moves that we see now are not very sharp, our prediction for this pair is that it will go higher.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, after the correction in mid-April that dropped the price from $0.44 USD to $0,15 USD, we are now expecting for the uptrend to resume. Although the moves that we see now are not very sharp, our prediction for this pair is that it will go higher.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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