Promise

Internet Computer

Show

Dogecoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-show-promise-as-market-sentiment-improves/" data-wpel-link="internal">Altcoins Show Promise as Market Sentiment Improves</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/piyasa-gurusuna-altcoinler-kara-gorundu-iste-yuksek-kazanc-vadeden-3-altcoin" data-wpel-link="internal">Dogecoin</a> (<a href="https://en.coin-turk.com/predictive-analysis-june-performance-forecast-for-four-cryptocurrencies-including-doge/" data-wpel-link="internal">DOGE</a>)</strong> started the week on a sour note with a minor drop to a support level of $0.183 on Tuesday, before <a href="https://en.coin-turk.com/investors-continue-to-accumulate-bitcoin-despite-market-volatility/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/dikkat-analist-bitcoinde-beklenen-boga-kosusunun-tarihini-acikladi" data-wpel-link="internal">BTC</a>), the leading cryptocurrency, continued its upward streak from last week, surpassing $70,000.</p> 
<h2 id="rise-of-meme-tokens">Rise of Meme Tokens</h2> 
<p style="text-align: justify">The bullish outlook seems to be spreading across the crypto market, with certain <strong>altcoins</strong> like Internet Computer (ICP) leading the charge. Ethereum (ETH) and Solana (SOL) are not far behind, showcasing their potential with rises to $3,588 and $192 respectively. Dogecoin, the largest meme token, plays a significant role in shaping the future of this crypto category, with a market cap of $26.5 billion and ranking ninth among other tokens.</p> 
<p style="text-align: justify">Despite a 3% increase in DOGE’s price on Monday, there was a 6% decrease in the 24-hour trading volume, which could indicate a decrease in interest among traders. Other meme tokens like <a href="https://en.coin-turk.com/shiba-inus-open-interest-ignites-amid-price-movements/" data-wpel-link="internal">Shiba</a> Inu (SHIB) and dogwifhat (WIF) are also on the move, with respective increases of 6% and 18%. Bonk, another Solana-based meme token, was trading at $0.000025, up 9% at the time of writing.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-333026 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-4.webp" alt="" width="2048" height="1098"></p> 
<h2 id="critical-formation-in-doge-s-price">Critical Formation in DOGE’s Price</h2> 
<p style="text-align: justify"><strong>Meme token</strong> investors are often influenced by the excitement that can lead to explosive price increases, and this bull run is no different. Interest in Dogecoin during bull runs could drive people towards SHIB, WIF, BONK, and other lesser-known tokens to maximize profits. Dogecoin’s price is currently above three key bullish indicators: the 20-day Exponential Moving Average (EMA), the 50-day EMA, and the 200 EMA.</p> 
<p style="text-align: justify">Additionally, it is trading above the previous day’s opening level of $0.1766, which could signal a sustainable uptrend. The recently confirmed golden cross, with the 20-day EMA crossing above the 50-day EMA, further supports the bullish thesis. This pattern strengthens the upward outlook and could encourage investors to take on more long positions in DOGE.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/altcoins-show-promise-as-market-sentiment-improves/" data-wpel-link="internal">Altcoins Show Promise as Market Sentiment Improves</a></h5>

Altcoins Show Promise as Market Sentiment Improves

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 25 mar 2024

Arbitrum Leads in Layer2 Profit Margins, Optimism Struggles: Report

Russian Finance Minister Says Crypto Should Not Be Prohibited

Pepe and Book of Meme see bullish rises as new meme coin ICO hits $8.5M

Best Cryptos to Invest In this Month Scorpion Casino, Pullix & Jupiter Surge In Bull Run

Expectations Rise for Litecoin’s Market Performance

Bethesda Teases Progress on The Elder Scrolls VI Amidst Franchise Celebrations

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!