Bitcoin
BTC$67 773.95

0.14%

Ethereum
ETH$3 733.37

-1.97%

Tether
USDT$0.999261

0.03%

Binance Coin
BNB$593.61

-0.81%

Solana
SOL$166.17

-1.19%

USD Coin
USDC$1.000103

0.03%

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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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.4% 49 $67 773.95 0.14% -3.15% $1 335 522 620 628 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 83 $3 733.37 -1.97% -4.58% $448 526 377 146 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $0.999261 0.03% -0.02% $111 881 069 574 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.2% 6 $593.61 -0.81% -3.08% $87 607 636 713 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 63.2% 76 $166.17 -1.19% -5.34% $76 377 306 299 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000103 0.03% 0.01% $32 203 090 582 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 93.6% 6 $0.520295 -1.56% -1.58% $28 840 196 305 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.8% 57 $0.159088 -3.11% -5.60% $22 988 554 140 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 88.4% 20 $0.448496 -2.57% -7.32% $16 010 525 094 ADA 7 days price change
10 Toncoin (TON) TON Toncoin predictions 71.2% 56 $6.47 -0.18% -0.19% $15 595 835 861 TON 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 75.6% 44 $0.000026 -4.03% 2.14% $15 398 653 338 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 74% 52 $36.59 -0.85% -8.91% $14 377 799 040 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 56.8% 88 $18.09 -3.16% 8.36% $10 617 969 064 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 76.4% 50 $67 828.77 -0.03% -3.14% $10 545 100 499 WBTC 7 days price change
15 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

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