Dogecoin Price Rebounds and Breaks Key Resistance: $0.15 in Sight?

Dogecoin has been a standout performer over the past few weeks. Doge recovered from the FTX crash and is up nearly 10 percent. The domino effect of the FTX scandal has brought the entire crypto market to a standstill. So far, Bitcoin & Co. have not been able to record any significant movements, which raises concerns about where the market will develop next.

Dogecoin Check-Up

Despite the uncertainty and turmoil that has impacted Dogecoin's price and the crypto market at large, many altcoins are struggling to avoid further losses.

Dogecoin (DOGE) has suffered losses as the price fell from its all-time high of $0.73 to a weekly low of $0.055, prompting speculation of a further drop to $0.03. The Doge surged as high as $0.15 before the FTX fiasco before a massive sell-off hit the crypto market.

DOGE price needs to break and sustain above $0.095 for any chance of a rally to $0.15 and possibly $0.2 areas. For a short-term recovery, DOGE price needs to reclaim $0.1 and trade sustainably above it.

Before the drama of the crypto exchange FTX, the Dogecoin price was really boosted by the Twitter takeover by Elon Musk. The community had suspected that Musk would integrate the Dogecoin on Twitter. This led to a short-term bull run that ended with FTX collapsing.

Nevertheless, analysts believe that Dogecoin can be used as a payment method for micropayments or subscriptions at social media giant Twitter in the future. Since Musk is known to be a supporter of the meme coin, such an integration seems quite likely and could push DOGE further in the future.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FireFaucet - An earning site that pays better for some than Cointiply
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

From offchain to offchain: Statechains meets Lightning

Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon

British financial regulator criticizes cooperation between Binance and Paysafe

The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands

Cryptostreet

Search This Blog