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Dogecoin (DOGE), one of the most popular cryptocurrencies of 2021, continues to confuse its investors with price movements and price expectations. While some analysts have stated that the DOGE price will no longer rise and experience a major decline, Dogecoin seems to be surprisingly continuing its upward movement by crypto signals – said the analyst of SafeTrading team.
Dogecoin, the seventh largest cryptocurrency by market size, is up to $ 0.35 after its last move up. Thus, significant confusion arises as to whether Dogecoin, which has risen by about 35% in the last 1 week, can climb to all-time highs. It should be recalled here that the record level of DOGE is $ 0.73.
According to analyst statements, the current rise in Dogecoin price appears to be related to the overall market rally. Consequently, according to the statements made, Dogecoin may exhibit a pumping effect during periods when upward momentum prevails in the market and, therefore, upward movements are observed.
Hence, according to the statements made, there is currently no possibility that Dogecoin will break a new record.
According to the statements made by SafeTrading, Dogecoin may currently rise to a high of $ 0.45. There are believed to be 2 reasons for this.
- First of all, it says that fixes are coming, and at this stage it is argued that there may be visible deviations. Consequently, the upward momentum in the market may slow down for some time.
- Secondly, the $ 0.45 band is characterized as a very strong resistance level for Dogecoin and a level that never turns into support. At this point, if $ 0.36 starts trading again as a support level, there may be a chance of a rise to $ 0.45 with the information from its crypto signals.
As many analysts have stated on numerous occasions, Dogecoin is believed to have no intrinsic value. For this reason, it is argued that after this point, the price of DOGE can only increase with the support of social media, and ultimately it will decrease significantly.
Bots Inc. The blockchain and robotics business has announced that it is now possible to buy used Tesla vehicles from local car dealerships through the popular Dogecoin (DOGE) cryptocurrency giveaway.
Tesla and SpaceX CEO Elon Musk, who has been instrumental in pushing Dogecoin to these levels, said the electric car giant Tesla was also considering adopting the meme (giveaway) cryptocurrency as a payment method in early May. However, no statements about this from the auto giant have been reported.
The cryptocurrency is making quite big strides thanks to its rapid adoption by many people. So much so that not so long ago, the well-known investor and owner of the NBA Dallas Mavericks club, Mark Cuban, stated that Dogecoin is the strongest cryptocurrency in terms of payouts.
SafeTrading’s crew believes that a strong Dogecoin community and unlimited supply are key benefits that will help Bitcoin become a superior means of payment.
Along with this, Mark Kurban also disclosed the amount of Dogecoin that he owns. A well-known investor said in a statement today that he has Dogecoin worth just $ 494.
The popular cryptocurrency giveaway Dogecoin has finally begun to recover from the June / July market crash. Dogecoin was hit hard by the fall, dropping to $ 0.16 in July.
However, DOGE managed to rebound from the level of $ 0.16 and turn upwards some time ago. The draw currency is now struggling to hit its all-time high.
Immediately after the shares of Elon Musk and Mark Kurban, Dogecoin began to move again and began an upward trend. So much so that it rose to $ 0.35 earlier in the day, the highest level since June 7. However, it still trades 55 percent below its $ 0.73 peak on May 8.
Dogecoin (DOGE) continues to trade at $ 0.35 at the time of writing, according to CoinMarketCap, up 11.44% in the last 24 hours.
TikTok, which recently became the world’s most downloaded social media app, has partnered with blockchain-based project Audius as its first music streaming partner, according to a popular culture statement from US magazine Rolling Stone.
Artists using the TikTok app, which has risen to # 1 among the most popular social media apps over the past few years, will be able to post their music to the TikTok Sounds section.
Audius is a decentralized music sharing app that simplifies direct transactions between listeners and musicians, giving everyone the freedom to distribute, monetize, and publish any audio content. Audius was originally launched on the Ethereum-based POA network.
On the other hand, earlier this month, Audius announced that it has five million monthly users, making it one of the most widely used blockchain-based applications.
The app managed to add several big names to its platform, such as the American DJ Skrillex, as well as many as yet unknown artists.
- Spotify, the world’s largest music streaming platform with around 365 million active users, is constantly criticized for its low payouts to musicians.
- On the contrary, Audius allows creators to set their own monetization rules rather than paying them directly.
In addition, musicians will be able to use their own Audius AUDIO coin to generate profits through betting.
In addition to all this, Audius announced in March the integration of immutable tokens, which can also be used as a monetization tool. However, Forrest Browning, one of the co-founders of the platform, told Rolling Stone that most of the users using the app are not interested in blockchain.
Forrest Browning made the following statements:
- “I would say that about 95 percent of our users have no idea what blockchain is.”
AUDIO Coin is a utility token. Audius (AUDIO) coin holders can vote on the protocol management. Audius coin also offers rates for launching discovery nodes or content so that users get a share of the network fees. In addition, thanks to Audius (AUDIO), users can earn bets to unlock features such as artist tokens and badges and gain a vote from fans.
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