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

Daftar Isi

U_Today

Artikel lain yang dipublikasikan pada 22 Jul 2024

Bitcoin – New Record this Week Thanks to Trump?

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

Recent Trends in Bitcoin ETFs: Analysis of Net Inflows and Market Impact

Artificial Intelligence Enhances Efficiency in Internet Publishing

Breaking: Grayscale & Bitwise Ethereum ETF Gets SEC Nod For NYSE Trading

Crypto Products Attract Major Investments

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!