Shiba

Dogecoin

Pepe

Shiba Inu

<p>The Dogecoin price plunged 5% in the last 24 hours to trade for $0.1242 as of 02:45 a.m. EST on trading volume that climbed 4%.</p>
<p>It comes amid broad market weakness with the meme coin sector’s market capitalization tumbling 5.4% to $51.5 billion, according to CoinGecko.</p>
<p>Still, DOGE holders and the crypto community broadly are elated by news that Italian luxury carmaker Ferrari is extending the acceptance of cryptocurrency payments to Europe.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Ferrari to accept <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> in Europe!</p>
 <p>This comes after a successful launch in the U.S <a href="https://t.co/Udt2tZCDtO" rel="noopener noreferrer nofollow">https://t.co/Udt2tZCDtO</a> <a href="https://t.co/o17TIco10x" rel="noopener noreferrer nofollow">pic.twitter.com/o17TIco10x</a></p>
 <p>— Doge Whisperer 🐕 (@TDogewhisperer) <a href="https://twitter.com/TDogewhisperer/status/1816088078915698789?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Crypto payments were <a href="https://www.reuters.com/business/autos-transportation/ferrari-accept-crypto-payment-its-cars-us-2023-10-14/" target="_blank" rel="noopener noreferrer nofollow">already available in the US</a> and will be extended to dealerships across Europe beginning the end of this month. More dealerships across Ferrari’s global network will also offer the same scheme towards the end of 2024, provided crypto is accepted in those countries.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">JUST IN: 🇪🇺 Ferrari to accept <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> &amp; Ethereum payments in Europe. <a href="https://t.co/llmJJ3yny8" rel="noopener noreferrer nofollow">pic.twitter.com/llmJJ3yny8</a></p>
 <p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1816089558460821775?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In the US, Ferrari allows crypto purchases using Bitcoin (BTC), Ether (ETH), and Circle’s USDC stablecoin (USDC). These payments are processed through BitPay, which converts crypto payments into traditional currency on behalf of Ferrari’s dealers.</p>
<p>The conversions happen almost immediately, protecting both the customer and the dealer from price swings while excluding fees for both parties.</p>
<p>With this decision, Ferrari joined BMW, which also experimented with crypto as a means of payment, just like Tesla did for 50 days in 2021.</p>
<h2 id="dogecoin-price-prediction">Dogecoin Price Prediction</h2>
<p>The Dogecoin price is trading with a bearish bias, recording lower highs over the past several days. The Relative Strength Index (RSI) has just crossed below the mean level of 50, at 49, suggesting falling momentum.</p>
<p>Nevertheless, not all is lost, given that the price remains within the confines of the ascending parallel channel. This technical formation is bullish and promises more gains, but this is contingent on the Dogecoin price remaining within its boundaries.</p>
<p>The Moving Average Convergence Divergence (MACD) is also in positive territory and holding above its signal line. This shows that buying pressure still effectively counterweighs sellers’ efforts.</p>
<p>Notwithstanding, only a stable candlestick close above the 50% Fibonacci placeholder of $0.1652 would render DOGE attractive to buy. Skeptics, however, may consider waiting for a candlestick close above the 61.8% Fibonacci retracement level of $0.1883.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/DOge.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-556945 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/DOge.png" alt="Dogecoin Price" width="1366" height="768" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/DOge.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOge-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOge-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/DOge-768x432.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a></p>
<p><a href="https://www.geckoterminal.com/bsc/pools/0xce6160bb594fc055c943f59de92cee30b8c6b32c" target="_blank" rel="noopener noreferrer nofollow">GeckoTerminal: DOGE/USD 1-day chart</a></p>
<p>However, if the lower boundary of the channel breaks, the Dogecoin price could extend the fall. A candlestick close below $0.1150 would toss DOGE in the hands of the bears, potentially triggering massive sell-offs.</p>
<p>In a dire case, the downtrend could extrapolate for the Dogecoin price to revisit the lows of $0.0926, last tested on July 5.</p>
<p>As the DOGE price tumbles, so the Shiba Shootout (SHIBASHOOT) presale is closing on $1 million in funds raised.</p>
<p>The Play-to-Earn (P2E) SHIB derivative offers ”insane rewards,” says popular YouTube channel 99Bitcoins, which boasts over 705K subscribers.</p>
<p><iframe title="This Shiba Inu Coin Meme Is Offering Insane Rewards! Do Not Miss Shiba Shootout!" width="640" height="360" src="https://www.youtube.com/embed/AuZH1yAVdoE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="promising-alternative-to-dogecoin">Promising Alternative To Dogecoin</h2>
<p>SHIBASHOOT is the powering token for <a href="https://insidebitcoins.com/visit/shibashootout" target="_blank" rel="noopener noreferrer nofollow">Shiba Shootout</a>, a project that takes holders to crypto’s wild west frontier for the ultimate shootout showdown at a place called Shiba Gulch.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib.jpeg" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-556952 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib.jpeg" alt="Shiba Shootout" width="680" height="680" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib.jpeg 680w, https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib-300x300.jpeg 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib-64x64.jpeg 64w, https://insidebitcoins.com/wp-content/uploads/2024/07/GTPvfPHXkAA_Zib-86x86.jpeg 86w" sizes="(max-width: 680px) 100vw, 680px"></a></p>
<p>With a basic version of the mobile game available on&nbsp;<a href="https://play.google.com/store/apps/details?id=com.shiba.duel" target="_blank" rel="noopener noreferrer nofollow">Google Play</a>&nbsp;and the&nbsp;<a href="https://apps.apple.com/app/shiba-duel/id6504921166" target="_blank" rel="noopener noreferrer nofollow">Apple App Store</a>, Shiba Sharpshooter will soon receive a huge Web3 update that allows users to earn its utility-packed native token, $SHIBASHOOT.</p>
<p>Investors can also stake SHIBASHOOTOUT for a stratospheric 1,265% annual return.</p>
<p>YouTube crypto expert Michael Wrubel told his 312,000 subscribers that Shiba Shootout is ”the next 100x Shiba Inu.”</p>
<p><iframe title="I Found The NEXT 100x Shiba Inu (Shiba Shootout)" width="640" height="360" src="https://www.youtube.com/embed/8VqAsBQpRfE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>If you would like to join investors who have already ploughed $785K into the project, you can buy SHIBASHOOT tokens for $0.0197. That price tag that will only last for just under nine days, so don’t wait too long to secure the best deal.</p>
<p><a href="https://insidebitcoins.com/visit/shibashootout" target="_blank" rel="noopener noreferrer nofollow">Visit and buy Shiba Shootout here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/shiba-inu-price-prediction-shib-nosedives-15-amid-the-crypto-crash-but-the-new-shiba-shootout-ico-rockets-past-500k" rel="noopener noreferrer nofollow">Shiba Inu Price Prediction: SHIB Nosedives 15% Amid The Crypto Crash, But The New Shiba Shootout ICO Rockets Past $500K</a></li>
 <li><a href="https://insidebitcoins.com/news/heres-why-the-new-meme-coin-shiba-shootout-could-outshine-dogecoin-shiba-inu-and-pepe" rel="noopener noreferrer nofollow">Here’s Why the New Meme Coin Shiba Shootout Could Outshine Dogecoin, Shiba Inu, and Pepe</a></li>
 <li><a href="https://insidebitcoins.com/news/shiba-shootouts-high-stakes-battle-is-the-latest-meme-coin-craze-the-next-100x-opportunity" rel="noopener noreferrer nofollow">Shiba Shootout’s High-stakes Battle is the Latest Meme Coin Craze – The Next 100X Opportunity?</a></li>
 <li><a href="https://insidebitcoins.com/news/crypto-wild-west-shiba-shootout-is-now-in-the-presale-stage-at-heavily-discounted-prices" rel="noopener noreferrer nofollow">Crypto Wild West: Shiba Shootout is Now in the Presale Stage at Heavily Discounted Prices</a></li>
 <li><a href="https://insidebitcoins.com/news/can-shiba-shootout-dethrone-pepe-soon" rel="noopener noreferrer nofollow">Can Shiba Shootout Dethrone Pepe Soon?</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" rel="noopener noreferrer nofollow">Best Meme Coins to Invest in: Top Picks for Exponential Gains!</a></li>
</ul>

Dogecoin Price Plunges 5% As Ferrari Adopts Crypto Payments In Europe And Traders Pivot To This SHIB P2E Presale For 100X Potential

Table of Contents

Inside Bitcoins

Άλλα άρθρα που δημοσιεύτηκαν στις 25 Ιουλ 2024

ETH-Based GambleFi Token The Hottest Crypto Of The Year, Uniswap (UNI) And Toncoin (TON) Holders ...

South Korea's New Crypto Law Takes Effect: What We Know

Tanssi Announces Partnership with Grupo Flow to Provide Support for It

Bitcoin’s Struggle Story Continues As BTC Price Hangs Tight At $64K

FIO and CoinStats: Simplifying Crypto Management🚀

OpenAI Introduces New AI Search Engine

Join our free newsletter for daily crypto updates!