A Huge Dogecoin Explosion Is Coming! | Dogecoin News (Dogecoin Price Prediction)

A Huge Dogecoin Explosion Is Coming! | Dogecoin News (Dogecoin Price Prediction)
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Dogecoin out of nowhere rallied over 500% to hit levels above $0.5. The altcoin which began as a joke has from time to time surprises many by rallying significantly. Dogecoin started as a meme on Tweeter, to say the least. The story of the token is a good example of the world being crazy and the people in it spontaneous.

Dogecoin has a big following in the cryptocurrency space. Besides, like Bitcoin, it has a real-world use case as a medium for peer-to-peer transactions using a decentralized network. While cryptocurrency is often referred to as money for the geeks, Dogecoin is a token with a dog image on it. Perhaps this is why it is so valuable. People are probably finding it easy to relate to Dogecoin than other altcoins, let alone Bitcoin.

For now, Dogecoin is trading at $0.038 after retreating from the yearly high of $0.051. The Moving Average Convergence Divergence doubles down on the uptrend, suggesting that Dogecoin could rally some more before a correction comes into the picture. Support in the case of a breakdown is not clear based on the majestic spike, but traders can keep areas such as $0.035 and $0.025 in mind.

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#dogecoin #dogecointothemoon #dogecoinprediction

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A Huge Dogecoin Explosion Is Coming! | Dogecoin News (Dogecoin Price Prediction)

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