With $900 Million Trading Volume Surge, Can Dogecoin Reach $1 in 2021?
The price of Dogecoin (DOGE) has dropped by 4.5% to $0.079495 over the past 24 hours, losing 9% over the past week. Its 30-day moving average has risen above its 200-day average to form a “golden cross”, suggesting an incoming breakout rally. The coin’s relative strength index is rising towards 50, pointing towards a potential recovery after recent losses, and DOGE’s trading volume is nearing $1bn, up from under $400m earlier in the week. DOGE’s community is still hoping for Twitter to introduce DOGE payments, which may trigger large rallies in the altcoin’s price. On the other hand, Love Hate Inu, a decentralised polling platform with an LHINU token, is aiming to attract cryptocurrency investors with its successful $7.6m presale. Users can participate in polls using LHINU tokens, with more voting weight given to users with bigger stakes. Presale proceeds support Love Hate Inu’s listing on exchanges later in the year, which the project’s backers hope to exponentially raise the token’s price. Investors can use USDT, ETH, BNB, or fiat currency to buy LHINU via the project’s website.