This Is Why Dogecoin Price Could Surge To $1 – But C+Charge Is A More Profitable Option
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The cryptocurrency market is still struggling with the continuing effects of the last Fed interest hike and the FTX crash, and as a result the price of Dogecoin has seen a significant decline over the past month, pushing it below the $0.080 line.
If Twitter implements a system for accepting payments or tips using Dogecoin in the near future, the price of Dogecoin is likely to increase dramatically. However, even if the social network doesn’t, the underlying value of the altcoin could theoretically be enough to propel it to new heights.
Where does Dogecoin stand now?
The current price of Dogecoin (DOGE) is $0.077, down about 1.2% from its previous price. During the last 24 hours, the trading volume of Dogecoin (DOGE) was a total of $484,796,620. While the value of Dogecoin skyrocketed in the second half of October, it fell sharply in December.
Most of the growth disappeared once the Twitter CEO stopped praising Dogecoin. Despite the company’s best efforts, investors continue to dump Dogecoin in favor of more promising coins.
The prediction has also been criticized by newer investors who, like older ones, see Dogecoin as a high-risk venture. Dogecoin has been losing value month after month, according to Coinmarketcap’s monthly price chart. Meme currencies like Dogecoin have always been fraught with uncertainty as their value can suddenly rise or fall based on a single tweet.
Can Dogecoin Reach $1 in 2023?
Based on the price action for Dogecoin on CoinMarketCap, it appears that the cryptocurrency is currently experiencing a bearish reversal, as its recent gains from a decline are being converted into losses. The Relative Strength Index for the company has dropped from 60 in early December to around 50, and it looks like it’s trending downward now and into the future.
Similarly, after the recent gains, the 30-day moving average of DOGE has reached higher levels and will now decline towards the 200-day moving average. If it breaks below the longer term average, it could be a harbinger of a bigger selloff.
Twitter integration could be worth 1$?
Despite the recent decline in the value of DOGE, members of the Dogecoin community are still upbeat; Some even hold out hope that the cryptocurrency could soon be worth $1 or more. All of these hopes seem to rest on the distant possibility that Twitter’s CEO, Elon Musk (a vocal supporter of Dogecoin), may include DOGE tipping in the future.
Aside from cryptic references to Musk’s publicized DOGE holdings and DOGE-based payments, there is no concrete evidence that Twitter has any plans to use Dogecoin. As a result, expecting DOGE to reach $1 or more is, at best, wishful thinking right now.
This is mainly due to the fact that the future of Dogecoin looks nothing more exciting than the possibility of its adoption by Twitter. There are hardly any other applications for it, and because of its very slow pace of development, it is unlikely to ever become more attractive to potential users and adopters.
Dogecoin could see additional moderate gains if the cryptocurrency market starts 2023 well. The fact that inflation is falling in many regions of the world is further evidence that markets may be moving in a more favorable direction as it indicates that macroeconomic conditions are slowly changing. Improvement.
Earlier in 2022, DOGE traded as high as $0.15, and with an improvement in the economy and market sentiment, a return to those highs is possible.
C+Charge a more profitable option?
Given how volatile Elon Musk’s actions can be, investors hoping to make a killing on Dogecoin may want to look elsewhere or at least hedge their bets. This year, pre-sales have been one of the most promising areas of diversification, with many new cryptocurrencies seeing exponential gains after concluding their pre-sales and listing on exchanges.
C+Charge is the cryptocurrency behind one of the most exciting new crypto launches of 2023, creating a trustless P2P payment system for Electric Vehicle (EV) charging stations using blockchain technology.
Each customer will be issued their own electronic wallet, which can be used to pay for the electricity required to run their electric vehicle at any public or private charging station. The $CCHG utility token, which is issued on the platform itself, is one of the most anticipated new crypto releases of 2023.
To pay the cost of each electric vehicle charge, $CCHG is used to run the C+Charge ecosystem. As a result, the owner of the charging station can save costs. Since the C+Charge app includes a cryptocurrency wallet, merchants will not need a point-of-sale system to accept payments.
C+Charge is promoting both awareness and participation in carbon credit markets. To provide a holistic answer to the EV charging station industry, the platform leverages blockchain technology and decentralized economics to incorporate carbon credits.
The team has a solid plan in place to provide a user-friendly, private, convenient and secure payment system for charging electric vehicles. Transferring data in real time to Electric Vehicle Service Providers (EVSPs) for rapid diagnosis of chargers is another example of a use case
Furthermore, C+Charge intends to provide a comprehensive answer for sequestering carbon credits earned by token holders and drivers on the C+Charge network. Tokenized carbon credits using FlowCarbon’s Goodness Nature Token ($GNT) will be made available through a partnership between C+Charge and FlowCarbon.
Tokens worth $GNT are distributed to EV owners and drivers as a percentage of the transaction fee collected when they use the C+Charge app to charge at one of the partner stations. The C+Charge mobile app is designed to be the primary information hub for EV drivers’ charging needs.
The entire billing process including payments will be managed within the app. C+Charge app will include carbon-credit tracker, real-time charger wait times and seamless payments across a variety of platform connection options
At the time of writing, early participants in the $CCHG presale can purchase the tokens for as little as $0.013 each. The next round of pre-sales will push this price up to $0.0165, and so will the subsequent rounds.
Now is the best time to invest in this high-utility token, which has the potential to give early investors back nearly 100 times their initial investment. Visit c-charge.io for more information.
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