Bitcoin
BTC$17 056.16

0.07%

Ethereum
ETH$1 266.01

0.07%

Tether
USDT$1.000056

0%

Binance Coin
BNB$289.61

-0.09%

USD Coin
USDC$0.999940

0%

Binance USD
BUSD$0.999840

-0.08%

Dogecoin – a guide dog for the crypto?


01 Nov 2022

#Dogecoin

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 remains near $20.6K, maintaining positive momentum from the previous US session

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

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.


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Dogecoin more popular than ever

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 88.8% 17 $17 056.16 0.07% 1.02% $327 926 342 780 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 28 $1 266.01 0.07% -0.48% $154 926 130 761 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000056 0% 0.04% $65 688 871 034 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 79.2% 44 $289.61 -0.09% -4.40% $46 329 397 846 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999940 0% -0.03% $43 027 424 874 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999840 -0.08% -0.08% $22 096 550 218 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 79.6% 29 $0.390151 0.72% -4.37% $19 609 162 360 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 62% 73 $0.100195 -2.10% -6.70% $13 292 999 012 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 84% 31 $0.317932 -0.70% 0.55% $10 955 712 261 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 74% 51 $0.914223 -0.51% 5.69% $7 985 110 335 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 81.6% 37 $5.49 -0.29% 0.61% $6 279 301 547 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92% 1 $0.999616 0.01% -0.11% $5 876 435 517 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 56.8% 87 $79.73 -1.37% 0.52% $5 722 443 949 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82% 30 $0.053484 0.50% -0.80% $5 438 067 310 WTRX 7 days price change

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