{"id":648516,"date":"2024-10-17T19:00:55","date_gmt":"2024-10-17T19:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=648516"},"modified":"2024-10-17T14:40:50","modified_gmt":"2024-10-17T14:40:50","slug":"dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come\/","title":{"rendered":"Dogecoin Jumps Over 16% In The Last Week — More Gains To Come?"},"content":{"rendered":"

Dogecoin (DOGE), initially a mere meme, is demonstrating significant market strength once more. On October 16, 2024, the prominent cryptocurrency surged by 16% in the weekly frame<\/a>, to the delight of investors.<\/p>\n

Related Reading: SUI Price Hits All-Time High \u2013 But Questions About Valuation Remain<\/a><\/div>\n

The price surge is accompanied by a substantial rise in trading volume, which has increased by 90% in the last 24 hours, as reported by CoinMarketCap. DOGE is presently trading at $0.122<\/a>, positioning it among the highest-performing cryptocurrencies in recent days.<\/p>\n

Analysts are closely monitoring these developments, with some predicting a more promising future for Dogecoin, despite ambiguous indicators in the short term.<\/p>\n

\"\"
DOGE price up in the last seven days. Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n

A Bold Call For $24<\/strong><\/h2>\n

Ali Martinez, a Dogecoin expert, has a bullish prognosis<\/a> for the canine-themed coin: DOGE can increase substantially and hit the vaunted $10 mark.<\/span> <\/span>On October 16, Martinez tweeted over the rising wedge patterns that have been in place since 2017. He said that this trend shows a very positive outlook for a long period of time which suggests that, in the long term, DOGE could attain a value of $24.<\/p>\n

\n

To anyone who said $10 #Dogecoin<\/a> $DOGE<\/a> is impossible\u2014show them this chart!<\/p>\n

… And tell them to buy some using my referral link https:\/\/t.co\/73n8mW9Y5p<\/a> before it’s too late! pic.twitter.com\/tqEqYwHEvx<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 15, 2024<\/a><\/p><\/blockquote>\n

Martinez emphasized two critical support levels from 2021 to 2024\u2014$0.003 and $0.07. He asserts that these levels have contributed to Dogecoin’s upward trajectory, and he anticipates a significant price surge from its most recent support level.<\/p>\n

\"\"<\/p>\n

Musk’s Influence Remains Robust<\/strong><\/h2>\n

Meanwhile, it is impossible to have a discussion on Dogecoin without Elon Musk being mentioned. The billionaire has been openly supportive of DOGE saying \u2018this is the people\u2019s crypto\u2019 earlier this year which appreciated its price significantly.<\/p>\n

It can be observed that, on several occasions, the price of Dogecoin has surged by more than 50% within a short span of time whenever Musk publicly expresses his support for the cryptocurrency. Hence, it is clear how much power he wields when it comes to affecting the price of the coin.<\/p>\n

DOGE market cap currently at $17.7 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

The substantial user base of Dogecoin, coupled with Musk’s backing, has positioned the coin to frequently contend with significant altcoins. This positions DOGE in a compelling situation, straddling the line between a meme and a credible cryptocurrency with enduring promise.<\/p>\n

Price Projections Exhibit Variability<\/strong><\/h3>\n

There is however a slight degree of pessimism that has creeped into the market despite the prevailing optimism. Predictions are such that Dogecoin is likely to decrease by an estimated 13% and drop to $0.106 by the middle of November.<\/p>\n

\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n
Related Reading: WLFI Token Launch, Backed By Trump, Falls Flat On $300 Million Fundraising Target<\/a><\/div>\n

This momentary bearish view is offered alongside bullish technical cues, particularly the Fear & Greed Index, which currently stands at 71, indicating extreme greed among investors.<\/p>\n

Over the past month, 60% of the price swings of Dogecoin have been termed as \u2018green\u2019, which has made several traders remain positive on its bullish trend adoption, irrespective of the forecasted dip.<\/p>\n

At the moment, the market outlook favors buying opportunities however it\u2019s clear that the risk associated with volatility is very high for those investors who wish to capitalize on the current upward movement of DOGE.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin (DOGE), initially a mere meme, is demonstrating significant market strength once more. On October 16, 2024, the prominent cryptocurrency surged by 16% in the weekly frame, to the delight of investors. Related Reading: SUI Price Hits All-Time High \u2013 But Questions About Valuation Remain The price surge is accompanied by a substantial rise in trading volume, which has increased by 90% in the last 24 hours, as reported by CoinMarketCap. DOGE is presently trading at $0.122, positioning it among the highest-performing cryptocurrencies in recent days. Analysts are closely monitoring these developments, with some predicting a more promising future for Dogecoin, despite ambiguous indicators in the short term. A Bold Call For $24 Ali Martinez, a Dogecoin expert, has a bullish prognosis for the canine-themed coin: DOGE can increase substantially and hit the vaunted $10 mark. On October 16, Martinez tweeted over the rising wedge patterns that have been in place since 2017. He said that this trend shows a very positive outlook for a long period of time which suggests that, in the long term, DOGE could attain a value of $24. To anyone who said $10 #Dogecoin $DOGE is impossible\u2014show them this chart! … And tell them to buy some using my referral link https:\/\/t.co\/73n8mW9Y5p before it’s too late! pic.twitter.com\/tqEqYwHEvx \u2014 Ali (@ali_charts) October 15, 2024 Martinez emphasized two critical support levels from 2021 to 2024\u2014$0.003 and $0.07. He asserts that these levels have contributed to Dogecoin’s upward trajectory, and he anticipates a significant price surge from its most recent support level. Musk’s Influence Remains Robust Meanwhile, it is impossible to have a discussion on Dogecoin without Elon Musk being mentioned. The billionaire has been openly supportive of DOGE saying \u2018this is the people\u2019s crypto\u2019 earlier this year which appreciated its price significantly. It can be observed that, on several occasions, the price of Dogecoin has surged by more than 50% within a short span of time whenever Musk publicly expresses his support for the cryptocurrency. Hence, it is clear how much power he wields when it comes to affecting the price of the coin. The substantial user base of Dogecoin, coupled with Musk’s backing, has positioned the coin to frequently contend with significant altcoins. This positions DOGE in a compelling situation, straddling the line between a meme and a credible cryptocurrency with enduring promise. Price Projections Exhibit Variability There is however a slight degree of pessimism that has creeped into the market despite the prevailing optimism. Predictions are such that Dogecoin is likely to decrease by an estimated 13% and drop to $0.106 by the middle of November. Related Reading: WLFI Token Launch, Backed By Trump, Falls Flat On $300 Million Fundraising Target This momentary bearish view is offered alongside bullish technical cues, particularly the Fear & Greed Index, which currently stands at 71, indicating extreme greed among investors. Over the past month, 60% of the price swings of Dogecoin have been termed as \u2018green\u2019, which has made several traders remain positive on its bullish trend adoption, irrespective of the forecasted dip. At the moment, the market outlook favors buying opportunities however it\u2019s clear that the risk associated with volatility is very high for those investors who wish to capitalize on the current upward movement of DOGE. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648541,"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":[142,6664,1785,7,8375,84471],"class_list":["post-648516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-elon-musk","tag-meme-coin"],"acf":[],"yoast_head":"\nDogecoin Jumps 16% In The Last Week: More Gains To Come?<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE), initially a mere meme, is demonstrating significant market strength once more. 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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. 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 Jumps Over 16% In The Last Week — More Gains To Come?","url":"http:\/\/wncen.com\/news\/dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/a_b76459.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/a_b76459.jpg?fit=3840%2C2160"},"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":["altcoins","crypto","doge","dogecoin","elon musk","meme coin"],"dateCreated":"2024-10-17T19:00:55Z","datePublished":"2024-10-17T19:00:55Z","dateModified":"2024-10-17T19:00:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Jumps Over 16% In The Last Week — More Gains To Come?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-jumps-over-16-in-the-last-week-more-gains-to-come\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_b76459.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_b76459.jpg?fit=3840%2C2160\"},\"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\":[\"altcoins\",\"crypto\",\"doge\",\"dogecoin\",\"elon musk\",\"meme coin\"],\"dateCreated\":\"2024-10-17T19:00:55Z\",\"datePublished\":\"2024-10-17T19:00:55Z\",\"dateModified\":\"2024-10-17T19:00:55Z\"}<\/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\/2024\/10\/a_b76459.jpg?fit=3840%2C2160","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648516"}],"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=648516"}],"version-history":[{"count":7,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648516\/revisions"}],"predecessor-version":[{"id":648545,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/648516\/revisions\/648545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/648541"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=648516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=648516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=648516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}