DOGE still in accumulation zone at the lows! Is a reversal near?

DOGE still in accumulation zone at the lows! Is a reversal near?

By DaniBom | danibom | 4 Feb 2020


DOGEcoin was created as an experiment but has stood the test of time due to its enduring position as a mascot for the community; it's widely used as a mean to introduce new people to crypto; it's fast, cheap to transact, listed almost everywhere and still widely used in telegram and twitter tipbots.

Technical analysis for DOGE/BTC suggests a near-term reversal as the spot price has continued to grind the historic low for several months. DOGE/BTC often performs best when BTC/USD enters a period of consolidation, so we'll see how BTC will act soon. A move over 33 sats could signal the long awaited reversal and ignite a 2/3x quick pump.

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DOGE has an available supply of 123 billion, among the highest circulating supplies among all coins, and is at n.32 on CoinMarketCap, with a market cap of US$300 million and over US$70 million in trade volume over the past 24 hours.

On January 10, 2019, DOGE reached a record high US$3.27 billion in on-chain daily transaction volume, surpassing all other coins that day, with the exception of Bitcoin ($BTC). Average transaction fees are currently US$0.00289 and have been consistently been lower than BTC, LTC, BCH, XMR, DASH, ZEC, and Ethereum 

 

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DaniBom
DaniBom

Crypto, NBA, golf and movie fan


danibom
danibom

In this blog i'll write about crypto news, projects i follow, charts, giveaways and much much more!

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