Will Dogeday See Dogecoin Explode To $1?, Bitcoin, Ethereum Crushed

DOGE/USD Daily Chart

(Click on image to enlarge)

Source: coinmarketcap

Bitcoin Levels

Bitcoin, the largest and most-known cryptocurrency, continues to fall from its recent record high, threatening to return to the $50,000 mark if selling interest continues. As I was mentioning earlier, the listing of Coinbase means that the crypto world is becoming widely accepted, which may take some of the edges off Bitcoin. That said, this retracement is likely to mean a good entry point for new buyers, so I wouldn’t be surprised if we see a sharp reversal in the next few days as the crypto world remains on everyone’s radar.

We could also be witnessing a rotation out from Bitcoin into newer more exciting digital coins like Dogecoin, which would mean that BTC/USD could continue falling. In that case, I would focus on the $50,000 mark as the coin seems to be moving in 5k increments. Before then, support could arise at Sunday’s low ($52,303) followed by the low seen on March 25th at $50,456.

BTC/USD Daily chart

(Click on image to enlarge)

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Joel Santiago 2 months ago Member's comment

Uh, only for a brief period lol. its already decently below F market cap.

Bitcoin Maverick 2 months ago Member's comment

That #doge don't hunt, shoot it in the head and move to #bitcoin already.

William K. 2 months ago Member's comment

Quite interesting and certainly informative. And it seem that somehow it will have an effect on my own wealth, no matter how far I am from any exposure in the area. So it will be interesting to watch and learn.

Anne Barry 2 months ago Member's comment

As much as everyone wants it to. Let’s be realistic.