Dogecoin

Green

Elon Musk

Gains

<p><span style="font-weight: 400;">The Dogecoin price </span><a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">pumped</span></a><span style="font-weight: 400;"> over 9% in the last 24 hours to trade at $0.1855 as of 8:50 a.m. EST as investors buy back into the leading meme coin.</span></p>
<p><span style="font-weight: 400;">One likely reason for the jump in DOGE’s value was a comment by so-called ”DOGEFather” Elon Musk. At a recent appearance at Tesla’s Giga Berlin factory, the billionaire owner of Tesla and SpaceX was asked if people would be able to use Dogecoin to buy Tesla cars. </span></p>
<p><span style="font-weight: 400;">“At some point, I think we should enable that,” Musk <a href="https://insidebitcoins.com/news/elon-musk-says-people-should-be-able-to-use-dogecoin-to-buy-tesla-cars-at-some-point" rel="noopener noreferrer nofollow">replied.</a>&nbsp;</span>“You can buy Tesla merch with Doge, which is cool. So, Dogecoin to the moon.”</p>
<h2 id="span-style-font-weight-400-the-dogecoin-price-breaks-above-resistance-img-decoding-async-src-https-s3-tradingview-com-snapshots-u-uvegx1cz-png-alt-binance-dogeusdt-chart-image-by-stevenwalgenbach-span"><span style="font-weight: 400;">The Dogecoin Price Breaks Above Resistance<img decoding="async" src="https://s3.tradingview.com/snapshots/u/uVegx1cz.png" alt="BINANCE:DOGEUSDT Chart Image by StevenWalgenbach"></span></h2>
<p><span style="font-weight: 400;">4-hour chart for DOGE/USDT (Source: </span><a href="https://www.tradingview.com/x/uVegx1cz/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TradingView</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The Dogecoin price was able to overcome the resistance level at $0.17879, and continues to trade above this mark. A sustained position above this threshold could give the meme coin leader the foundation needed to attempt a challenge at the next technical obstacle at $0.19586 in the coming 24 hours. In an extremely bullish scenario, </span><a href="https://insidebitcoins.com/news/meme-coin-sector-roars-back-with-10-surge-as-new-solana-star-smog-outshines-titans-doge-shib-and-pepe" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">DOGE</span></a><span style="font-weight: 400;"> may climb to as high as $0.21574 if buyers continue to boost its price.</span></p>
<p><span style="font-weight: 400;">However, a break below the recently-breached $0.17875 mark could prevent this bullish thesis from playing out. In this alternative scenario, traders may begin to take profit, subsequently forcing the Dogecoin price down to the $0.16636 support. Continued sell pressure at this point could drag the crypto’s value all the way down to $0.15110.</span></p>
<h2 id="span-style-font-weight-400-technicals-suggest-the-dogecoin-price-is-not-done-climbing-span"><span style="font-weight: 400;">Technicals Suggest The Dogecoin Price Is Not Done Climbing</span></h2>
<p><span style="font-weight: 400;">Technical indicators on </span><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-plunges-9-as-analysts-say-consider-this-competitor-with-588-apy-that-might-100x" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">DOGE’s</span></a><span style="font-weight: 400;"> 4-hour chart but are leaning towards a bullish scenario. The Moving Average Convergence Divergence (MACD) recently crossed above the MACD Signal line. This technical flag is generally seen as an indication that a crypto has entered into a positive cycle. Given the MACD line is also rising away from the MACD Signal line, it seems that the positive trend is growing stronger.</span></p>
<p><span style="font-weight: 400;">Meanwhile, the Relative Strength Index (RSI) is positioned above its Simple Moving Average (SMA) line. This technical occurrence is bullish and suggests that buyers have the upper hand against sellers. However, traders will want to keep an eye on this indicator as the RSI line has started to level off, which could be an early indication of an upcoming bearish trend reversal.&nbsp;</span></p>
<p><span style="font-weight: 400;">A potential indication of DOGE’s trend reversing may be when the MACD Histogram begins to level off, suggesting that the positive trend has reached a peak. Another possible sign is if the RSI line collapses towards the SMA on the 4-hour chart.</span></p>
<p><span style="font-weight: 400;">While the Dogecoin price attempts to keep climbing in the short term, traders are scrambling to </span><a href="https://insidebitcoins.com/visit/greenbitcoin" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Green Bitcoin’s</span></a><span style="font-weight: 400;"> presale for potential 10X gains after the Bitcoin halving in April.</span></p>
<h2 id="span-style-font-weight-400-a-cheaper-more-eco-friendly-bitcoin-span"><span style="font-weight: 400;">A Cheaper, More Eco-Friendly Bitcoin</span></h2>
<p><span style="font-weight: 400;">Bitcoin’s price has been on the rise since the launch of spot Bitcoin ETFs (exchange-traded funds) in the US. That’s pumped the market leader to a very expensive price north of $71K, leaving many retail investors looking for cheaper alternatives that still are tied to the leading cryptocurrency.</span></p>
<p><iframe title="🔥 Green Bitcoin Is LAUNCHING SOON! GET IN EARLY? FOR POTENTIAL MASSIVE GAINS? (URGENT!)" width="640" height="360" src="https://www.youtube.com/embed/D-vwQTxSAgA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><span style="font-weight: 400;">Green Bitcoin (GTBC) is one such crypto. Designed to be a more eco-friendly alternative to Bitcoin, GBTC is an Ethereum-based token. This means that it relies on the Proof of Stake consensus mechanism to verify transactions, and not the computationally expensive Proof of Work consensus that Bitcoin employs.</span></p>
<p><span style="font-weight: 400;">Traders may view GBTC as a new Bitcoin, granting them a second chance to buy BTC back when it was still trading below $1. This possible realization may underpin the token’s surge to over $4.3 million in funds raised.&nbsp;</span></p>
<p><span style="font-weight: 400;">What’s more, being powered by the Proof of Stake consensus means that GBTC comes with its own staking program, giving early investors additional rewards beyond just a speculative trade. Investors have pounced on this opportunity to earn up to 118% in annual rewards, as more than 63% of GBTC’s supply has already been staked.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing Green Bitcoin: A Revolutionary Predict-To-Earn Token.</p>
 <p>Join us on our Gamified Green Staking Platform, where your predictions can turn into profits!</p>
 <p>Website: <a href="https://t.co/dG5cEeCtRs" rel="noopener noreferrer nofollow">https://t.co/dG5cEeCtRs</a><br>Telegram: <a href="https://t.co/bWanoe0vHv" rel="noopener noreferrer nofollow">https://t.co/bWanoe0vHv</a> <a href="https://t.co/eXuGQBkxio" rel="noopener noreferrer nofollow">pic.twitter.com/eXuGQBkxio</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1731315050349002862?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2023</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Token holders will also be able to keep earning after the presale given the project’s predict-to-earn model. Anyone that has staked their GBTC can take part in the daily challenges which entail predicting BTC’s future movements for the chance to win rewards.</span></p>
<h2 id="span-style-font-weight-400-potential-to-surge-after-the-btc-halving-span"><span style="font-weight: 400;">Potential To Surge After The BTC Halving</span></h2>
<p><span style="font-weight: 400;">With the upcoming halving event, Bitcoin’s mining rewards will be slashed in half. As a result, it will be more difficult to come by new BTC. This is especially true for retail investors that do not have the institutional-scale deep pockets of entities like BlackRock, Fidelity, and Grayscale.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Nothing can stop the GREEN REVOLUTION!</p>
 <p>Join the Green Bitcoin presale TODAY <a href="https://t.co/YgwUk11Ay8" rel="noopener noreferrer nofollow">pic.twitter.com/YgwUk11Ay8</a></p>
 <p>— GreenBitcoin (@GreenBTCtoken) <a href="https://twitter.com/GreenBTCtoken/status/1767252113716097448?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 11, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">That leaves GBTC nicely positioned to meet a market need. BTC miners may also see the lucrative staking program as a way to supplement decreased income following the halving.&nbsp;</span></p>
<p><span style="font-weight: 400;">$GBTC tokens are priced at just $0.9162 right now, but will increase in less than five days.&nbsp;</span></p>
<p><span style="font-weight: 400;">You can purchase $GBTC tokens on the </span><span style="font-weight: 400;">official Green Bitcoin website <a href="https://insidebitcoins.com/visit/greenbitcoin" rel="noopener noreferrer nofollow">here</a></span><span style="font-weight: 400;">, where you can exchange ETH or USDT for $GBTC, or buy directly with your bank card.</span></p>
<h3 id="span-style-font-weight-400-related-articles-span"><span style="font-weight: 400;">Related Articles:</span></h3>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-crypto-buy-now-2024-top-picks-explosive-growth-calsona-6bnie" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Best Crypto to Buy Now (2024): Top Picks for Explosive Growth!</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/meme-coin-mania-erupts-again-as-solana-token-smog-is-top-gainer-and-wif-and-pepe-hit-new-all-time-highs" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Meme Coin Mania Erupts Again As Solana Token SMOG Is Top Gainer, And WIF And PEPE Hit New All-Time Highs</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/aevo-price-prediction-aevo-pumps-7-as-a-fomo-frenzy-pushes-this-ai-meme-coin-presale-past-10-million" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Aevo Price Prediction: AEVO Pumps 7% As A FOMO Frenzy Pushes This AI Meme Coin Presale Past $10 Million</span></a></li>
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