Dogecoin – a guide dog for the crypto?
Bitcoin remains near $20.6K, maintaining positive momentum from the previous US session. Yesterday we saw an aggressive bearish attempt to trigger a bitcoin sell-off, pushing the rate down 2% in less than an hour. Still, in the area near $20.3K, the buying has outweighed, and we see systematic intraday buying going forward.
The intraday dynamics of Bitcoin's price point to a neat set of long positions and buying on declines. This does not promise a rally in crypto anytime soon, but it does indicate a growing interest in long-term investments in the sector. In a year since the BTCUSD price peaked near 69K, the market has gone through two stages of collapse and has been in a long consolidation since June, reinforcing confidence that the bottom is behind us.
Bitcoin posted moderate gains in October (+4.1%, to $20,400) but was worse than the S&P 500 (+8%). November is considered a successful month for BTC, adding 7 out of 11 last times. The average growth in the previous 11 Novembers has been 24%, while the average decline has been 17%. In the first case, BTC could end November around $25,300, renewing August's highs. In the second, it could end November around $16,900, continuing the year’s lows.
Dogecoin has returned to growth, adding 16% since the start of the day on Monday. Like BTC, DOGE bottomed in June and traded in a deafening sidewall until last week. Its surge of 140% in seven days has formed a promising bullish picture. Is it possible that it will become a leader in the entire crypto market? Why not.
News background
The Hong Kong authorities have issued a statement relaxing cryptocurrency and crypto-ETFs restrictions and promised to create a dedicated agency to regulate the industry. According to Bloomberg reports, the US Department of Justice has reopened a probe into possible bank fraud by executives of USDT, the company behind Tether. The Tether team issued denials, stressing that they are in constant dialogue with law enforcement agencies, including the US Department of Justice.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 76% | 42 | $61 806.77 | 2.08% | -6.02% | $1 221 476 511 790 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74% | 44 | $2 390.94 | 1.50% | -10.01% | $287 805 387 039 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999715 | -0.01% | -0.06% | $119 607 932 375 |  |
|
| 4 |  BNB |
Binance Coin predictions | 76.4% | 51 | $553.92 | 2.70% | -9.11% | $80 834 575 478 |  |
|
| 5 |  SOL |
Solana predictions | 73.2% | 55 | $141.10 | 3.77% | -10.28% | $66 101 508 893 |  |
|
| 6 |  USDC |
USD Coin predictions | 96% | 1 | $0.999918 | 0% | -0.02% | $35 545 694 743 |  |
|
| 7 |  XRP |
XRP predictions | 79.2% | 39 | $0.526292 | 0.91% | -10.65% | $29 769 173 506 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 80.8% | 39 | $0.109662 | 5.39% | -11.41% | $16 035 467 686 |  |
|
| 9 |  TRX |
TRON predictions | 93.2% | 1 | $0.157087 | 1.91% | 1.49% | $13 602 299 565 |  |
|
| 10 |  TON |
Toncoin predictions | 73.6% | 49 | $5.37 | 2.72% | -9.39% | $13 601 005 903 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 42 | $0.353039 | 4.15% | -12.89% | $12 340 974 133 |  |
|
| 12 |  AVAX |
Avalanche predictions | 67.6% | 68 | $25.76 | 5.26% | -14.49% | $10 467 343 970 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 55.6% | 94 | $0.000018 | 9.39% | -12.13% | $10 340 882 743 |  |
|
| 14 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 95.6% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
