Is DOGE’s Adoption Steadily Increasing as It Joins a Fresh Cryptocurrency Exchange? A Look into the Future of Dogecoin’s Value.
Dogecoin, the meme cryptocurrency, has fallen by 2% in the past 24 hours, dropping to $0.080528 due to a wider market dip, although it has been added to the Philippines-based exchange Coins.ph. Despite this, DOGE’s current price has fallen by 5.5% in a week and by 8.5% in the past 30 days, although some experts are predicting an end-of-year target of $0.13. Its relative strength index (RSI) has dropped to below 40, indicating further falls may still occur, while its 30-day moving average has fallen towards its 200-day average. Support levels indicate that if DOGE drops below $0.08, there could be further losses. Despite this, the future still looks bright for DOGE due to expectations that Twitter will soon introduce cryptocurrency payments. DOGE’s biggest cheerleader, Elon Musk, has also shown his support, dressing in a Dogecoin t-shirt at the Super Bowl, leading the Dogecoin community to believe that hints of introducing DOGE payments have some real substance behind them. As a result, the meme token could return to its all-time high of $0.731578, set in May 2021.