Dogecoin holds onto gains, showing stable uptrend
One would have thought that after such an impressive streak of gains, Dogecoin (DOGE) was due to come back down to earth. Such was DOGE's journey in February after rocketing to 300 satoshi: it surrendered 30% within two weeks, 60% within a month and over 90% in 6 months. Such behavior is not uncommon for many alts in and around their peaks of excitement.
This time around though, DOGE is holding strong. Granted, it experienced an initial pullback of 30% following its peak of 92 satoshi. But instead of a major correction, or even the continuation of this (relatively) minor one, it has calmly climbed back to 75 satoshi ($0.0003). Trade has been fairly stable, with steady gains averaging 4-5% daily.
Such was a good part of DOGE's ascent this time around. Unlike the gravity-defying gains in February, most of the climb up to 92 was a gradual one, punctuated by accelerated buying toward the peak.
Like the February rally, however, DOGE continues the defy the double digit losses gripping other major currencies, most notably Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Litecoin.
Should the stable price activity continue for several more weeks, the probability of another sharp pullback becomes that much lower- although a gradual one shouldn't be ruled out. It may also serve as a new floor for further moves to the upside.
One would have thought that after such an impressive streak of gains, Dogecoin (DOGE) was due to come back down to earth. Such was DOGE's journey in February after rocketing to 300 satoshi: it surrendered 30% within two weeks, 60% within a month and over 90% in 6 months. Such behavior is not uncommon for many alts in and around their peaks of excitement.
This time around though, DOGE is holding strong. Granted, it experienced an initial pullback of 30% following its peak of 92 satoshi. But instead of a major correction, or even the continuation of this (relatively) minor one, it has calmly climbed back to 75 satoshi ($0.0003). Trade has been fairly stable, with steady gains averaging 4-5% daily.
Such was a good part of DOGE's ascent this time around. Unlike the gravity-defying gains in February, most of the climb up to 92 was a gradual one, punctuated by accelerated buying toward the peak.
Like the February rally, however, DOGE continues the defy the double digit losses gripping other major currencies, most notably Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Litecoin.
Should the stable price activity continue for several more weeks, the probability of another sharp pullback becomes that much lower- although a gradual one shouldn't be ruled out. It may also serve as a new floor for further moves to the upside.