Dogecoin Nears 2023 High Following Ripple’s Verdict
Dogecoin has seen an 8% increase in price and has a trading volume of $822 million. It started as a joke but has gained popularity as a meme coin. It is currently ranked No.9 among all cryptocurrencies. Historical data shows that Dogecoin’s price fluctuated over the past week but surged significantly on July 13. The coin’s chart suggests a bullish trend in the short term, with the asset trading above the 50-Day Simple Moving Average (SMA) and below the 200-Day SMA. The Relative Strength Index (RSI) is approaching the overbought region, indicating a bullish trend. Dogecoin’s support and resistance levels indicate increasing buying pressure. However, if bears continue to sell, the price could drop to $0.0657 and $0.0582 support levels. On the other hand, increased buying pressure could push the price to the $0.0744 resistance level. The recent legal win by Ripple over the SEC and the statements made by the former CEO of Celsius Network regarding Dogecoin’s influence on market situations could affect Dogecoin’s value. Additionally, Launchpad XYZ is a project that aims to increase the adoption of Web3 technology and has created its own utility token, $LPX. The project offers various features and opportunities for users, including staking and playing games to earn $LPX. The presale of $LPX has raised over $1 million and is reaching its threshold. Investors can purchase the token using USDT, BNB, ETH, or a bank’s credit or debit card. They need to have a dApp crypto wallet and follow the instructions on the project’s website to buy and claim $LPX units.
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