Bitcoin
BTC$28 321.68

2.28%

Ethereum
ETH$1 817.69

3.62%

Tether
USDT$1.001105

-0.07%

Binance Coin
BNB$325.66

0.31%

USD Coin
USDC$0.999778

0.08%

XRP
XRP$0.434678

-3.53%

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 71.6% 54 $28 321.68 2.28% 8.48% $547 363 076 214 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 39 $1 817.69 3.62% 5.68% $222 437 708 965 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.001105 -0.07% -0.18% $78 572 798 041 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 51 $325.66 0.31% -1.61% $51 419 192 454 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 2 $0.999778 0.08% -0.02% $34 416 346 579 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 84.4% 21 $0.434678 -3.53% 17.51% $22 147 264 021 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 62% 82 $0.111054 -9.71% 27.40% $19 257 973 692 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 44 $0.367937 -0.76% 10.36% $12 775 060 278 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 51 $0.076721 1.67% 2.49% $10 178 610 379 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 76.8% 47 $1.15 2.04% -3.24% $10 016 033 654 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 72% 52 $22.02 1.29% 9.81% $8 449 847 577 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999969 0.04% -0.06% $8 063 768 426 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 72.4% 49 $6.33 2.46% 0.91% $7 401 853 780 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 71.6% 59 $95.37 8.32% 16.29% $6 919 022 798 LTC 7 days price change

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