The recent market overview paints a somewhat fluctuating picture of DOGE, as the meme token’s value has slipped by 2.5% over the last 24 hours to $0.076938. This comes despite its trading volume hitting a hefty $500 million. This dip, however, does not erase its gains from the past month and indeed, from the start year, with it standing 15% and 9.5% higher, respectively. The whims of the market have kept DOGE steady over the last week, with no major displacements recorded.
Fueling intrigue in the world of crypto is the whisper of potential developments on social media giant, Twitter’s front. Speculations are running rife about the platform’s leap towards introducing crypto payment methods. Will DOGE be part of this new venture? Only time will tell.
The overall outlook suggests further declination for DOGE based on its price charts, notwithstanding the rumors. But the strength index and the 30-day moving average hint at more losses to come before any recovery. However, hope flows from the fact that DOGE’s support level has held strong, potentially shielding it from severe damage. Also, a continued association with Twitter adds to its fundamental strengths.
Adding a thick layer of intrigue is a resurfaced video showcasing Elon Musk and a hypothetical DOGE payment model on Twitter. Though the clip is a few months old and pre-dates Musk’s acquisition of Twitter, it’s hard to ignore Musk’s documented fondness for DOGE. His recent renaming of Twitter also shows a possible nod towards an upcoming integration of DOGE payments.
Despite all this, DOGE’s imminent movements seem muted at best, with perhaps a slight rise to $0.080 in the offing over the upcoming weeks.
Meanwhile, traders looking to diversify their portfolio in the crypto sphere have promising alternatives such as the new presale token, XRP20. Offering a chance of reviving missed opportunities with original XRP, XRP20’s presale sits at a desirable $0.000092, echoing 2014’s prices. This new token is an Ethereum-based incarnation of XRP, providing users earning potential via passive staking income.
XRP20’s tokenomics spell a deflationary future as 10% of its total supply is destined to be burned over time. This restricted supply strategy could potentially spike relative demand. Boasting a maximum supply of 100,000,000,000 XRP20, the presale grabs 40%, while equal share goes towards staking rewards.
One word of caution: the world of crypto is fraught with uncertainties. Consumption of this information must be tempered with caution and upcoming decisions, financial or otherwise, need careful thought and research. Remember, your capital is at risk.
Source: Cryptonews
