- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
1. Top 3 Good News for DOGE HODLERS !!!
- Another win for Dogecoin, as this retail giant will now accept Doge as payment
Statistic as of 2021-04-22 10:42 AM EDT: 38 positive votes, 14 negative votes
In celebration of #DogeDay, a leading tech-focused e-retailer in North America, Newegg announced that the company will now accept Dogecoin as an official payment method. Andrew Choi, Sr. Brand Manager of Newegg said : “The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it […] (Taken from CryptoPanic)
Newegg Now Accepting Dogecoin for Payments Via BitPay
Statistic as of 2021-04-22 10:42 AM EDT: 21 positive votes, 11 negative votes
Computer part picking and sales platform Newegg announced via Twitter on April 20 that it’s considering accepting Dogecoin (DOGE) on its platform. The addition of the asset would be a great boost to its usability, which has largely functioned as a joke coin. Newegg asked the Twitter community to retweet if they would like to … Continued (Taken from CryptoPanic)
Dogecoin (DOGE) To Be Trustlessly Integrated in Flare's Mainnet. What Else?
Statistic as of 2021-04-22 10:42 AM EDT: 23 positive votes, 13 negative votes
Flare Networks, a team behind EVM-compatible blockchain Flare (FLR), shares some details of its tokenomics' design (Taken from CryptoPanic)
2. Top 2 Bad News for DOGE HODLERS !!!
- Dogecoin Imitators Explode As Traders Ride Crypto Meme Tidal Wave
Statistic as of 2021-04-22 10:43 AM EDT: 6 positive votes, 31 negative votes
Dogecoin (DOGE) copycats are printing astronomical gains in the last 24 hours as traders embrace the crypto meme tidal wave. Decentralized exchange (DEX) data analysis platform DEXTools reveals that the hottest coins traded on Uniswap at time of writing are Dogecoin imitators. At the top of the list is Shiba Inu (SHIB), a coin that […] (Taken from CryptoPanic)
- Doge Day Was a Dud, Dogecoin Price Dips 20%
Statistic as of 2021-04-22 10:43 AM EDT: 7 positive votes, 21 negative votes
It was a "ruff" day for Dogecoin holders, on what was supposed to be a special occasion. (Taken from CryptoPanic)
3. How Dogecoin Performs Relative to Other Cryptos ?
As of 22 April 2021, Dogecoin has made a cumulative return of 14,866.7% since Jan 2020 and 5298.88% since Jan 2021. It is currently the best performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.
4. Technical Analysis on Dogecoin
4.1. Volume Weighted Average Price (VWAP)
4.2. Moving Average Convergence Divergence (MACD)
4.3. Bollinger Band
4.4. Relative Strength Index (RSI)
Based on the technical analysis presented above, quantdoge opines that Dogecoin is overvalued after its 2-day moonshot season, and expects a retracement which pulls its price down in the short run, but I could be wrong, hence please make your careful due diligence before making any financial decision.
5. Dogecoin Risk Profile
Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Dogecoin defined above, DOGE is trading at a lower risk level on 22 Apr 2021 as compared to 10 days before on 13 Apr 2021, with its biggest pullback being seen at 48.51% on a single day during the last 100 days.
6. Price Simulation for Dogecoin
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