{"id":528636,"date":"2023-04-26T08:18:43","date_gmt":"2023-04-26T08:18:43","guid":{"rendered":"https:\/\/wncen.com\/?p=528636"},"modified":"2023-04-26T08:18:43","modified_gmt":"2023-04-26T08:18:43","slug":"37-billion-dogecoin-holdings-in-jeopardy-price-level-investors-should-watch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/37-billion-dogecoin-holdings-in-jeopardy-price-level-investors-should-watch\/","title":{"rendered":"37 Billion Dogecoin Holdings In Jeopardy: Price Level Investors Should Watch"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Is the future of Dogecoin in jeopardy? If the price of DOGE hovers around the $0.745 per token level, more than 30 billion tokens will be on the verge of losing their positions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Startling new data from crypto intelligence portal IntoTheBlock reveals that more than 100,000 Dogecoin addresses are now in a precarious situation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Will DOGE holders weather the storm or face a potential market crash?<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/avax-up-with-avalanche-nfts\/?swcfpc=1\">Will AVAX Price Get A Lift From Avalanche NFTs? Let\u2019s Examine The Metrics<\/a><\/div>\n<h2><strong>Dogecoin Price Fluctuation: Meme Coin&#8217;s Market Movement<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Dogecoin&#8217;s current value on <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\"> is $0.08028, reflecting a 24-hour increase of 1.98%. However, in the past week, the popular cryptocurrency has experienced a substantial decrease of 14%. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and traders are keeping a close eye on the market to determine whether this trend will persist or if Dogecoin will see a reversal in fortune.<\/span><\/p>\n<p>In a <a href=\"https:\/\/u.today\/37-billion-dogecoin-doge-at-risk-if-price-dives-to-this-level\" rel=\"nofollow\">report<\/a>, citing data by <a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\/deep-dive?group=all&amp;chart=all\" rel=\"nofollow\"><span style=\"font-weight: 400\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400\">, some 37.2 billion DOGE were purchased in the $0.745 to $0.786 range, representing the largest of the pack near the current Dogecoin price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The data suggests that this number represents nearly 50% of all Dogecoin purchases currently in profit, with a value of $74.38 billion DOGE.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a result of the decline that began last Wednesday, approximately 40 billion Dogecoin has lost value compared to its initial purchase price. This volume is dispersed across over 594,000 addresses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><strong><span style=\"color: #1d1f20;font-size: 1.953em\">Exploring The Technicalities Of DOGE Profitability<\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">The profitability of a cryptocurrency depends on the price at which an investor buys and sells the asset. When the buying price is lower than the selling price, the investor earns a profit. However, if the selling price is lower than the buying price, the investor incurs a loss.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the case of Dogecoin, if its price drops to a certain level, approximately <\/span><a href=\"https:\/\/watcher.guru\/news\/dogecoin-37-billion-doge-at-risk-of-becoming-non-profitable-if-price-continues-to-fall\" rel=\"nofollow\"><span style=\"font-weight: 400\">34 billion DOGE<\/span><\/a><span style=\"font-weight: 400\"> will become unprofitable, meaning that investors who purchased at higher prices will experience a loss.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price level at which this will occur is not set in stone and may vary based on various factors such as market sentiment, supply and demand dynamics, and other macroeconomic factors.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/nRL5qxj5\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">DOGE total market cap currently at $11.1 billion on the daily chart at <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/total-ethereum-eth-locked-hits-new-highs-on-increase-in-deposits-over-withdrawals\/?swcfpc=1\">Total Ethereum (ETH) Locked Hits New Highs On Increase In Deposits Over Withdrawals<\/a><\/div>\n<p><span style=\"font-weight: 400\">The unprofitable DOGE can lead to an increase in sell-offs, and as a result, the price could spiral downwards. This can have a domino effect on the market, causing other cryptocurrencies to also experience a decline in value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Therefore, it is crucial for investors to monitor the market closely and make informed decisions based on the current market situation. As a result, investors need to be vigilant and take the necessary precautions to mitigate potential losses.<\/span><\/p>\n<p><em>(The information provided here is for educational and informational purposes only. It is not intended as financial or investment advice)<\/em><\/p>\n<p><em>-Featured image from Barcroft Media\/Getty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the future of Dogecoin in jeopardy? If the price of DOGE hovers around the $0.745 per token level, more than 30 billion tokens will be on the verge of losing their positions.\u00a0 Startling new data from crypto intelligence portal IntoTheBlock reveals that more than 100,000 Dogecoin addresses are now in a precarious situation.\u00a0 Will DOGE holders weather the storm or face a potential market crash? Related Reading: Will AVAX Price Get A Lift From Avalanche NFTs? Let\u2019s Examine The Metrics Dogecoin Price Fluctuation: Meme Coin&#8217;s Market Movement Dogecoin&#8217;s current value on CoinMarketCap is $0.08028, reflecting a 24-hour increase of 1.98%. However, in the past week, the popular cryptocurrency has experienced a substantial decrease of 14%. Investors and traders are keeping a close eye on the market to determine whether this trend will persist or if Dogecoin will see a reversal in fortune. In a report, citing data by IntoTheBlock, some 37.2 billion DOGE were purchased in the $0.745 to $0.786 range, representing the largest of the pack near the current Dogecoin price.\u00a0 The data suggests that this number represents nearly 50% of all Dogecoin purchases currently in profit, with a value of $74.38 billion DOGE. As a result of the decline that began last Wednesday, approximately 40 billion Dogecoin has lost value compared to its initial purchase price. This volume is dispersed across over 594,000 addresses. &nbsp; Exploring The Technicalities Of DOGE Profitability The profitability of a cryptocurrency depends on the price at which an investor buys and sells the asset. When the buying price is lower than the selling price, the investor earns a profit. However, if the selling price is lower than the buying price, the investor incurs a loss. In the case of Dogecoin, if its price drops to a certain level, approximately 34 billion DOGE will become unprofitable, meaning that investors who purchased at higher prices will experience a loss.\u00a0 The price level at which this will occur is not set in stone and may vary based on various factors such as market sentiment, supply and demand dynamics, and other macroeconomic factors. DOGE total market cap currently at $11.1 billion on the daily chart at TradingView.com Related Reading: Total Ethereum (ETH) Locked Hits New Highs On Increase In Deposits Over Withdrawals The unprofitable DOGE can lead to an increase in sell-offs, and as a result, the price could spiral downwards. This can have a domino effect on the market, causing other cryptocurrencies to also experience a decline in value.\u00a0 Therefore, it is crucial for investors to monitor the market closely and make informed decisions based on the current market situation. As a result, investors need to be vigilant and take the necessary precautions to mitigate potential losses. (The information provided here is for educational and informational purposes only. It is not intended as financial or investment advice) -Featured image from Barcroft Media\/Getty<\/p>\n","protected":false},"author":557,"featured_media":528639,"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":[85675,7,88164,4735],"class_list":["post-528636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge-price","tag-dogecoin","tag-memecoins","tag-price-action"],"acf":[],"yoast_head":"\n<title>37 Billion Dogecoin Holdings In Jeopardy<\/title>\n<meta name=\"description\" content=\"Is the future of Dogecoin in jeopardy? 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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. 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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. 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. 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