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Dogecoin Price Close 70 Cents, Will the Whales Allow Rally To Hit $1?

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Whales Might Cash Out Before $1!

The dogecoin price had a spectacular rally since the beginning of 2021. The price after a pretty long consolidation pulled a leg up and rallied more than 50% to close the daily trade above $0.5. However the price resumed its bull run since the early time of trade and accumulated more than 25% gains.

No doubt the entire crypto space believes the price may hit the milestone at $1 any moment in the coming 24 hours, yet some look at a possible dump. A popular analyst and co-founder of blockroots.com, Rager predicts $1 DOGE price is programmed.

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The analyst believes that many whales have held the asset for a very long time and hence they might liquidate their profits before $1. As the early investors influxed a huge amount and waited patiently to uplift the asset from just a meme to a reality.

Also Read: Dogecoin Price Surges High, Enters Top 5, Is $1 On The Cards?

DOGE Price May Flip BNB, Is ETH The Next Target?

With the historical journey from $0.008 to the current levels around $0.69, the market capitalization touched the skies. After entering the top 10 cryptocurrency list from nowhere, the asset maintained within the top 20 despite some dumps. However, after the mammoth rally, the asset flipped the Tether & XRP market cap, and Binance Coin is on the cards.

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However, as the DOGE price smashes the $1 milestone, Dogecoin is expected to become the 3rd largest cryptocurrency. Interestingly, if the rally continues towards the next milestone, the possibility of the asset securing the second spot, flipping Ethereum cannot be ruled out.

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Collectively, the dogecoin price rally as predicted by the analyst may even flip Ethereum after attaining certain levels. Moreover, the price focus currently for the DOGE price is to stand strong if it rallies close $1. And continue the rally post $1 smashing all the hurdles.

 

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Google Trends Data: ‘Dogecoin’ and ‘Ethereum Price‘ Amongst Top 10 Most Searched News

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As the crypto market began to pick up its bullish pace again, despite the most unexpected crash last weekend, it has become evident that virtual currencies are here to stay. However, surprisingly, in a recently published list by Google trends, it was determined that Ethereum and Dogecoin were more news worthy than the OG Bitcoin. According to Google Trends list of the most searched news across the world, ‘Dogecoin’ and ‘Ethereum Price’ secured its place amongst the top ten.

Dogecoin & Ethereum Price in Top 10 News
Image Source: Google Trends

Last weekend, in the most unanticipated crypto market crash, the decentralized industry was hit with its highest liquidation recorded in past 15months, with more than $2.5 billion worth of leveraged positions getting liquidated in merely 24-hours. Furthermore, the market cap dropped by nearly 20% with the loss of over $500 billion. However, the crypto sphere is back on track after its flash sale. While eminent players like El Salvador, bought more of Bitcoin, Ethereum Price conveniently exceeded its $4k mark, while Bitcoin continues to struggle in breaking the $50k bracket.

Ethereum L2 Scaling Solutions

With Ethereum’s upcoming L2 scene heating up, the ultimate alt-coin is gaining more traction with each passing day. According to the Ethereum founder, Vitalik Buterin, the Layer 2 scaling solutions on the Ethereum network will revolutionise the crypto sphere by facilitating the safest and most sustainable way to scale Ethereum while preserving decentralization.

Earlier this October, Buterin spoke at the 2021 Shanghai International Blockchain Week, claiming that Ether’s L2 will resolve the issues of scalability. He noted that in lieu of the ongoing non-fungible tokens (NFTs) frenzy, together with the fierce growth of decentralized finance (Defi) on the Ethereum network, the mainstream blockchain has become overcrowded, causing problems like high transaction fees. However, he suggested blockchains and NFTs to transfer to L2 to counter scalability and high gas fees issues.

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Both, Dogecoin and AMC Stock in Top 10

While Ethereum may be the ultimate alt-coin, Dogecoin is the original meme token. Apart from being Tesla CEO, Elon Musk’s favourite, DOGE has established itself in the decentralised industry and found a spot above several Alt-coins will complex technology.

Along with “Ethereum Price” and “Dogecoin”, “AMC Stock” has also reserved its place in the top 10 most searched news list. AMC, being the largest movie theatre chain in the United States, does not shy away from incorporating meme tokens to its business. Recently, AMC announced to accept payments in both, Dogecoin and Shiba Inu, making history for commercial giants in crypto.

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Dogecoin Forecast December 8, 2021

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DOGE/USD quotes are traded at the level of 0.1795 and continue to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the support level near the 0.1975 area. Where can we expect a rebound down again and the continuation of the fall in the Dogecoin rate with a potential target below the level of 0.1425.

Dogecoin Forecast December 8, 2021

A strong signal in favor of reducing the DOGE/USD quotes will be a rebound from the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the coin falling option will be a strong growth in the value of the asset and a breakdown of the 0.2265 area. This will indicate a breakdown of the resistance area and continued growth in the cryptocurrency rate with a potential target above the level of 0.2985. With the breakdown of the support area and closing of quotations below the level of 0.1545, we should expect confirmation of the development of a bearish trend for Dogecoin.

Dogecoin Forecast December 8, 2021

Dogecoin Forecast December 8, 2021 imply an attempt to correct and test the resistance area near the 0.1975 level. Where can we expect a rebound and the continuation of the fall in DOGE/USD to the area below the level of 0.1425. An additional signal in favor of a decline in Dogecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 0.2265 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.2985.

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Here’s What Dogecoin and Billie Eilish Have in Common

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Dogecoin and Billie Eilish have one thing in common

The name of the iconic meme cryptocurrency, which turned eight years old yesterday, has made it to the list of the most mispronounced words on television that is compiled annually by the U.S. Captioning Company.

Newscasters also struggled to pronounce Ethereum, the name of the second-largest blockchain, “cheugy,” the pejorative neologism that mocks trends started by millennials, and “Dalgona,” the name of the South Korean candy popularized by Netflix’s popular survival drama series “Squid Games.”

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Surprisingly enough, teen superstar Billie Eilish still has her surname mispronounced on TV despite being in the spotlight for years. The pop singer rose to immense fame after her gargantuan hit, “Bad Guy,” topped the charts around the world in 2019. Her debut studio album, “When We All Fall Asleep, Where Do We Go?” won the top award at the 2020 Grammys.

People also tend to botch the surnames of Greek tennis star Stefanos Tsitsipas and football player Jason Kelce.

Last year, immunologist Anthony Fauci and Vice President Kamala Harris also appeared on the list.

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