Dogecoin

Bitcoin

dogwifhat

Rekt

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to pseudonymous cryptocurrency trader Rekt Capital, Dogecoin&nbsp;<a href="https://x.com/rektcapital/status/1815468390993281112" rel="noopener noreferrer nofollow">broke</a> its macro downtrend several months ago.&nbsp;
The largest meme cryptocurrency has been successfully retesting that macro downtrend since then.&nbsp;
The trader has added that Dogecoin would need a successful retest in order to be able to confirm the end of the downtrend.&nbsp;
Dogecoin is up 16% over the past week, outperforming the broader cryptocurrency market.&nbsp;
<h2 id="a-massive-robinhood-transfer">A massive Robinhood transfer&nbsp;</h2>
Earlier today, roughly $10.8 million worth of Dogecoin (DOGE) was transferred from Robinhood to an unknown wallet.&nbsp;
The massive transfer did not affect the price of the meme coin in any significant way.&nbsp;
At press time, the leading meme cryptocurrency is trading at $0.14 after adding 1.3% over the past 24 hours.&nbsp;&nbsp;
As&nbsp;<a href="https://u.today/dogecoin-doge-market-cap-back-above-20-billion-while-wif-posts-double-digit-gains" rel="noopener noreferrer nofollow">reported by U.Today</a>, the market cap of the leading meme coin recently managed to surpass the much-coveted $20 billion mark while other meme coins, such as dogwifhat (WIF), also recorded substantial gains.&nbsp;&nbsp;
<h2 id="another-bullish-catalyst">Another bullish catalyst?&nbsp;</h2>
Elon Musk's rumored appearance at the upcoming Bitcoin Conference in Nashville could be a bullish catalyst for the leading meme cryptocurrency.&nbsp;&nbsp;
The billionaire is known as one of the most ardent proponents of the leading meme coin. However, Musk is unlikely to speak about Dogecoin during the conference that is full of Bitcoin maximalists.

Major Dogecoin Downtrend Might Finally Be Over

Съдържание

U_Today

Други статии, публикувани на 22.07.2024 г.

4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

$235M WazirX exchange hack has implications for India’s crypto industry

Artificial Intelligence Enhances Efficiency in Internet Publishing

Etherfuse Raises $3M to Bring Emerging Market Debt On-chain

Crypto Products Attract Major Investments

WazirX co-founder preps bounty program to recover stolen funds

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!