{"id":520909,"date":"2023-02-24T12:35:48","date_gmt":"2023-02-24T12:35:48","guid":{"rendered":"https:\/\/wncen.com\/?p=520909"},"modified":"2023-03-08T08:49:21","modified_gmt":"2023-03-08T08:49:21","slug":"dogecoin-doge-slips-3","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-doge-slips-3\/","title":{"rendered":"Dogecoin (DOGE) Slips 3% As Major Cryptos Face Significant Losses"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]The original memecoin of the crypto industry has recently experienced a strong bear presence in the markets. According to crypto market tracker <\/span>Coingecko<\/span><\/a>, Dogecoin (DOGE) is flashing red at all time frames, with the biggest loss observed at the bi-weekly time frame which shows a nearly 6% decline.\u00a0<\/span><\/p>\n

The drop has been caused by recent market movements, all of which has an effect on DOGE’s price. This week saw Bitcoin and Ethereum face losses, with BTC rejected at $25k and ETH $1.7k, respectively.\u00a0<\/span><\/p>\n

However, other metrics are showing bullishness. According to the Phoenix Group, Dogecoin is the <\/span>most socially active<\/span><\/a> among its memecoin peers.\u00a0<\/span><\/p>\n

\n

TOP #MEME<\/a> TOKENS BY SOCIAL ACTIVITY$DOGE<\/a> $SHIB<\/a> $QUACK<\/a> $FLOKI<\/a> #BABYDOGE<\/a> $CATE<\/a> $TSUKA<\/a> $VOLT<\/a> #POLYDOGE<\/a> $VINU<\/a> pic.twitter.com\/Le1mvUMfWF<\/a><\/p>\n

\u2014 PHOENIX \ud83c\uddfa\ud83c\udde6 (@pnxgrp) February 19, 2023<\/a><\/p><\/blockquote>\n

Related Reading: Bitcoin Price Tries To Reclaim $24,000 As Crypto Market Trades Sideways<\/a><\/div>\n

Elon\u2019s Recent Interactions With Dogecoin<\/strong><\/h2>\n

Elon Musk and Dogecoin have an extensive unofficial relationship which affects both price and investor sentiment. Last week, Musk <\/span>posted<\/span><\/a> multiple pictures of a Shiba inu in the company\u2019s headquarters with mock paperwork.\u00a0<\/span><\/p>\n

\u201cThe new CEO of Twitter is amazing!\u201d he says in the first tweet, referencing the billionaire’s recent decision to step down as the company\u2019s CEO. Current news reports say that the tech leader is <\/span>planning<\/span><\/a> to step down by the end of 2023, citing that he\u2019s still looking for a worthy successor for the throne.<\/span><\/p>\n

\n

High time I confessed I let the Doge out pic.twitter.com\/TAi4p1khAd<\/a><\/p>\n

\u2014 Elon Musk (@elonmusk) February 22, 2023<\/a><\/p><\/blockquote>\n

While he\u2019s still big boss of the social media platform, Musk <\/span>shared<\/span><\/a> a tweet which threw a bone to the Doge community.\u00a0<\/span><\/p>\n

\u201cHigh time I confessed I let the Doge out,\u201d Musk said, sharing a picture with a caption that read: \u201cIt was me, I let the dogs out\u201d.\u00a0<\/span><\/p>\n

This was met by the crypto community with praise. Major exchanges like <\/span>Huobi<\/span><\/a> and <\/span>OKX<\/span><\/a> joined the fray, posting pictures and GIFs of Shiba inus to show support for the original memecoin.\u00a0<\/span><\/p>\n

Since then, however, the token has not shown promise, dropping consistently since it hit $0.0921 resistance last week.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

DOGE @ $0.0842, Shows Promise Long-Term<\/strong><\/h2>\n

Analysts<\/span><\/a> have identified that the token is at a narrow trading range in the long-term prospect for the token. At the time of writing, DOGE is trading between $0.0797 and $0.0921, showing a strong struggle between bulls and bears. <\/span><\/p>\n

\n

$Doge<\/a><\/p>\n

Forming Symmetrical Triangle In 8h Timeframe Incase Of Breakout Expecting 50 -55% Bullish Move\ud83d\udd25\ud83d\udd25\ud83d\udd25#Crypto<\/a> #Doge<\/a> #Dogecoin<\/a> #Dogeusdt<\/a> pic.twitter.com\/VnowAtGbhR<\/a><\/p>\n

\u2014 World Of Charts (@WorldOfCharts1) February 23, 2023<\/a><\/p><\/blockquote>\n

It is also a sign that the token is either gearing up for a big move downwards or upwards, bringing pain or gains for investors.\u00a0<\/span><\/p>\n

<\/p>\n

Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: BLUR Token Clears The Path With 67% Rally In Single Week<\/a><\/div>\n
DOGE is also correlated with major cryptos like Bitcoin and Ethereum to some degree which may provide bulls some support. However, if the correlation grows and they continue to face pain, DOGE will inevitably get pulled downwards as a result.\u00a0<\/span><\/p>\n
Investors and traders should brace in the coming days as the token may experience volatility in the medium to long term.\u00a0<\/span><\/p>\n
-Featured image from Yahoo Finance<\/em>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][vc_column_text]The original memecoin of the crypto industry has recently experienced a strong bear presence in the markets. According to crypto market tracker Coingecko, Dogecoin (DOGE) is flashing red at all time frames, with the biggest loss observed at the bi-weekly time frame which shows a nearly 6% decline.\u00a0 The drop has been caused by recent market movements, all of which has an effect on DOGE’s price. This week saw Bitcoin and Ethereum face losses, with BTC rejected at $25k and ETH $1.7k, respectively.\u00a0 However, other metrics are showing bullishness. According to the Phoenix Group, Dogecoin is the most socially active among its memecoin peers.\u00a0 TOP #MEME TOKENS BY SOCIAL ACTIVITY$DOGE $SHIB $QUACK $FLOKI #BABYDOGE $CATE $TSUKA $VOLT #POLYDOGE $VINU pic.twitter.com\/Le1mvUMfWF \u2014 PHOENIX \ud83c\uddfa\ud83c\udde6 (@pnxgrp) February 19, 2023 Related Reading: Bitcoin Price Tries To Reclaim $24,000 As Crypto Market Trades Sideways Elon\u2019s Recent Interactions With Dogecoin Elon Musk and Dogecoin have an extensive unofficial relationship which affects both price and investor sentiment. Last week, Musk posted multiple pictures of a Shiba inu in the company\u2019s headquarters with mock paperwork.\u00a0 \u201cThe new CEO of Twitter is amazing!\u201d he says in the first tweet, referencing the billionaire’s recent decision to step down as the company\u2019s CEO. Current news reports say that the tech leader is planning to step down by the end of 2023, citing that he\u2019s still looking for a worthy successor for the throne. High time I confessed I let the Doge out pic.twitter.com\/TAi4p1khAd \u2014 Elon Musk (@elonmusk) February 22, 2023 While he\u2019s still big boss of the social media platform, Musk shared a tweet which threw a bone to the Doge community.\u00a0 \u201cHigh time I confessed I let the Doge out,\u201d Musk said, sharing a picture with a caption that read: \u201cIt was me, I let the dogs out\u201d.\u00a0 This was met by the crypto community with praise. Major exchanges like Huobi and OKX joined the fray, posting pictures and GIFs of Shiba inus to show support for the original memecoin.\u00a0 Since then, however, the token has not shown promise, dropping consistently since it hit $0.0921 resistance last week.\u00a0 DOGE @ $0.0842, Shows Promise Long-Term Analysts have identified that the token is at a narrow trading range in the long-term prospect for the token. At the time of writing, DOGE is trading between $0.0797 and $0.0921, showing a strong struggle between bulls and bears. $Doge Forming Symmetrical Triangle In 8h Timeframe Incase Of Breakout Expecting 50 -55% Bullish Move\ud83d\udd25\ud83d\udd25\ud83d\udd25#Crypto #Doge #Dogecoin #Dogeusdt pic.twitter.com\/VnowAtGbhR \u2014 World Of Charts (@WorldOfCharts1) February 23, 2023 It is also a sign that the token is either gearing up for a big move downwards or upwards, bringing pain or gains for investors.\u00a0 Crypto total market cap at $1 trillion on the daily chart | Chart: TradingView.com Related Reading: BLUR Token Clears The Path With 67% Rally In Single Week DOGE is also correlated with major cryptos like Bitcoin and Ethereum to some degree which may provide bulls some support. However, if the correlation grows and they continue to face pain, DOGE will inevitably get pulled downwards as a result.\u00a0 Investors and traders should brace in the coming days as the token may experience volatility in the medium to long term.\u00a0 -Featured image from Yahoo Finance[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":557,"featured_media":520920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1785,7,85699,3505],"class_list":["post-520909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-doge","tag-dogecoin","tag-memecoin","tag-price-analysis"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Slips 3% As Major Cryptos Face Losses<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is flashing red 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin (DOGE) Slips 3% As Major Cryptos Face Significant Losses","url":"http:\/\/wncen.com\/news\/dogecoin-doge-slips-3\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-doge-slips-3\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-52.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-52.png?fit=641%2C363"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","doge","dogecoin","memecoin","price analysis"],"dateCreated":"2023-02-24T12:35:48Z","datePublished":"2023-02-24T12:35:48Z","dateModified":"2023-03-08T08:49:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin (DOGE) Slips 3% As Major Cryptos Face Significant Losses\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-doge-slips-3\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-doge-slips-3\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-52.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/a-52.png?fit=641%2C363\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"doge\",\"dogecoin\",\"memecoin\",\"price analysis\"],\"dateCreated\":\"2023-02-24T12:35:48Z\",\"datePublished\":\"2023-02-24T12:35:48Z\",\"dateModified\":\"2023-03-08T08:49:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a-52.png?fit=641%2C363","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/520909"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=520909"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/520909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/520920"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=520909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=520909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=520909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}