2 days Ago
Dogecoin (DOGE) is trading at $0.2574 today and has reportedly declined by 3.27% in the last 24 hours.
As Grayscale's application for Dogecoin’s exchange-traded funds (ETF) has been acknowledged by the Securities and Exchange Commission (SEC), can DOGE finally smash $2? At the same time, the new altcoin JetBolt (JBOLT) grabs huge attention as over 325 million tokens fly off the shelves. This young token continues to pique the interest and curiosity of crypto buyers and enthusiasts with its blockchain-based solutions like zero-gas technology and easy-to-use Web3 wallet. Can DOGE breach $2? And why is JetBolt continuously garnering significant whale attention? Let’s dig into the latest on Dogecoin’s price and DOGE price prediction discussions.
Dogecoin was reportedly down by 0.31% in the last seven days and in the red by 35.76% this month.
Despite the dips, DOGE currently appears bullish based on its four-hour chart. DOGE’s 50-day moving average is also rising, showing a strong short-term trend. However, its 200-day moving average has been falling since February 14th, which might suggest a weak long-term trend.
Chart illustrating Dogecoin (DOGE)’s price declining in the last thirty days, according to CoinMarketCap. Can Dogecoin hit $2? According to Meme Coin analysts, Dogecoin reaching $2 is unlikely over a short-term run. Historically, Dogecoin has never reached $2, and its all-time high was last recorded at $0.
7316 on May 8th, 2021. Dogecoin needs to overcome major resistance levels and break through new milestones first, including hitting $1. Several hurdles challenge DOGE’s price trajectory, including bearish market conditions and unfavorable macroeconomic trends like inflation and recession risks.
However, if bullish sentiment prevails and investor confidence rises, DOGE could make a strong rebound. Notably, the SEC has formally accepted US investment firm Grayscale’s application for Dogecoin’s ETF. According to Bloomberg analyst James Seyffart, the 45-day review of the ETF application will start once it is published in the Federal Register’s publication.
While DOGE smashing $2 is uncertain at the moment, a new altcoin rises over the horizon, enticing crypto buyers and enthusiasts across the vast blockchain landscape. JetBolt (JBOLT) is generating lots of hype in the crypto community with its core innovative feature of zero-gas technology. Powered by the highly efficient Skale Network, JetBolt's zero-gas technology eliminates gas fees during blockchain interactions, while also allowing JetBolt users to carry out lightning-fast transactions with near-instant finality.
Aside from zero-gas tech and speedy transactions, JetBolt has an integrated Web3 wallet that makes it easy to use even for crypto beginners. This Web3 wallet features biometric authentication and a self-custodial token management system. Moreover, JetBolt incorporates the power of cutting-edge artificial intelligence into its ecosystem.
JetBolt's AI-driven tool shows snippets of blockchain news, crypto trending stories, and Web3 content, all sorted based on bullish or bearish market sentiment. JetBolt transforms traditional token staking into a more engaging activity with exciting additional rewards for stakers who log into their accounts daily. Additionally, buyers can acquire up to 25% more tokens when they purchase Alpha Box packages or token deals in batches.
Together with JetBolt's token price daily increase at presale and more than 325 million tokens sold since its debut, JetBolt continues to allure a wide range of crypto buyers and enthusiasts. Dogecoin hitting $2 is improbable in the meantime, as the coin needs to break through various resistance levels and ceilings. While DOGE does not seem on the path for massive traction in the short term horizon, its community remains bullish and Dogecoin may rise again in the event of a bull market.
Meanwhile, the new altcoin JetBolt (JBOLT) grabs huge attention with its remarkable presale that has already sold 325 million tokens. This young crypto boasts compelling features: zero-gas technology, a user-centric Web3 wallet, an AI-news aggregation tool, and other creative solutions to redefine the future of blockchain. This piece does not offer trading or financial advice.
All crypto prices may surge or decline without notice and the market may shift often without warning. Please do your own in-depth research before purchasing any cryptocurrency or diving into this industry. Trade wisely.
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