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