dogecoin

Pressure on US tech stocks was a significant theme in US trading yesterday, dragging cryptocurrencies down. The Crypto market capitalisation adjusted 1.1% overnight to $2.05 trillion. Bitcoin is losing 2% overnight, down to $42.8K, and ether is losing about 1.5% to $3.3K. Other top coins are declining with much less amplitude, as investment fund darlings rather than crypto enthusiasts have been hit the hardest. The Doge, which has become accepted as a means of payment for some (inexpensive) Tesla goods, deserves a separate story. Some have noted that goods for Doge are selling out even faster than for dollars. On this news, the coin is adding 18% today at $0.20, near the highs for the month. This news is a good illustration of crypto's continued penetration of corporate culture. On the other hand, Tesla won't necessarily hold these coins forever. People will be more active in spending their investments in DOGE. The technical view of the ETHUSD is disappointing because the selling intensified earlier in the week while it tried to break the 200 SMA again. The dip and consolidation below suggest a break of the bullish trend formed in May 2020, when the pair consolidated above this line. In a worst-case scenario, it could be a road to $1300-1700, about half of the current levels. It is doubtful that in this bear market cycle, the price of ether will lose 95% of its peak, as it did in 2018, which could completely nullify the rise from 2020. Bitcoin's disposition is no less worrisome. A death cross forms in it as the 50-day dips below the 200-day. At the same time, the price is below these averages, which reinforces the bearish signal. Attempts earlier in the week to form a rebound are encountering more substantial selling, further indicating seller pressure. The bearish picture in Ether and Bitcoin makes the entire cryptocurrency sector appear cautious in the near term. Individual growth stories, like DOGE, run the risk of quickly losing strength today when the overall backdrop turns negative.

Shiba Inu is seeing lower highs and lower lows compressing price action around $0.00002179. SHIB price is next set for a bullish breakout with several tailwinds present in equities. Expect for SHIB bulls to lift price action back above the 200-day SMA, potentially gaining 24%. Shiba Inu (SHIB) has been stuck in consolidation since January 22 with lower highs and higher lows, punching in both buyers and sellers towards each other with the scene set for a breakout. From the looks of it, that will be a bullish breakout, supported by tailwinds from global equities being on the front foot, with the Nasdaq leading the charge. Expect bulls to break above the 200-day Simple Moving Average (SMA) in the process, and try to reach $0.00002782, the 78.6% Fibonacci level. SHIB bullish breakout holding 28% gains Shiba Inu price may have had its low for the year after hitting $0.00001730 on January 22. Since then, the price has shifted a bit sideways around $0.00002170, with lower highs and higher lows going for consolidation between buyers and sellers. The price in SHIB is so condensed now that a breakout is due. As global markets are on the front foot and risk assets are leading the charge, these tailwinds will spin-off towards cryptocurrencies and set the stage for a bullish breakout towards $0.00002782 as target. SHIB price will, in that process, take out the 200-day Simple Moving Average (SMA) at $0.00002562, which does not hold much importance seeing it only got breached on one occasion. Bulls will instead want to look out for $0.00002782, which is the 78.6% Fibonacci level and is an essential indicator that there might be an uptrend in the making. More upside will depend on how the tailwinds behave as the 55-day SMA looks quite heavy around $0.00003000. SHIB/USD daily chart Alternatively, the consolidation could still see a bearish breakout, with bears trapping bulls and running price action back to $0.00001730, or possibly even $0.00001500 back down onto the monthly S1 support level. The reason for the bearish breakout could come from very choppy economic data that could start to point to a global recession with elevated prices and job numbers worsening again. That would trigger a global risk-off wave that could put cryptocurrencies on the backfoot.

Since December, sandbox has been trying to break the downtrend. As bulls attempt to break through, expect some profits to be booked as some targets lie nearby. Once above $4.72, expect $5.00 and $6.00 to be the following targets in the relief rally. Sandbox (SAND) price action is surfing on a wave of relief this morning as tensions between Russia, and the West start to ease on positive news. With that, investors have been falling over each other to get back into cryptocurrencies, and Sandbox price is set to break the longer-term red descending trendline, and downtrend since December last year. Some low-hanging fruit will be targeted in the breakthrough and could provide enough incentive for bulls to book partial profits and go for the ultimate goal of $6.00, holding 47% of gains. Sandbox bulls are in for 47% gains in the relief rally Sandbox price action is again hammering on the red descending trend line that originates from December last year and has been dictating the downtrend ever since. The renewed push comes from tailwinds that emerged overnight on some positive news around de-escalation in the situation between Russia and Ukraine. As the scene is set for a solid relief rally, expect to see some excellent (https://www.fxstreet.com/cryptocurrencies/news/sandbox-tests-support-at-425-before-sand-test-prior-all-time-highs-202202112001) returns, beginning with some nice profits nearby as a good start. SAND bulls will have their eyes on $4.72 with the 55-day Simple Moving Average and an overall (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-dogecoin-sandbox-and-cardano-european-wrap-10-february-video-202202101133) pivotal level falling in line around the same area. Although this level is not far from the red descending trendline, it will still return around 16% of gains intraday. Bulls will have a good incentive to book profits midway but stay in the trade with more considerable profits gained when the price rises towards $5.00 and $6.00 – the next targets in this week’s relief rally. The trade has an excellent risk-return ratio and is the most viable (https://www.fxstreet.com/cryptocurrencies/news/sandbox-price-bound-for-another-30-gains-as-sand-finds-support-202202101005) as we advance. SAND/USD daily chart Should German chancellor Scholz come out with some negative comments and ramp up the rhetoric of full-scale escalation of the tensions, expect (https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-to-enter-the-metaverse-and-challenge-axie-infinity-sandbox-and-decentraland-202202091718) a knee jerk reaction with a firm rejection or false break of the red descending trend line, trapping bulls and pushing them out of their positions as SAND price action collapses back towards $3.50. From there, another leg lower could follow towards $3.00, with the 200-day SMA coming in at around $2.85 and playing its part as a supportive element in the belief that a recovery is still possible. If the 200-day SMA is no match for the downward pressure, expect a break and further push towards $2.50 or $2.00.

Binance Coin takes a small step back this morning due to some profit-taking.BNB bulls hold all the cards as the relief rally is not over yet.Expect a pop above $444-$452 with a profit target set at $480 for the moment.Binance Coin (BNB) price action shot back above the red descending trend line yesterday with a massive relief rally that lifted market sentiment. With that, the downtrend looks to be broken, and an uptrend could be on the cards if bulls can take out the $444-$452 resistance barrier with a triple top formation, the 55-day Simple Moving Average (SMA) and the longer-term pivotal level all coincide in this region. Once through there, expect the next stage to be set for a move towards $480 with the 200-day SMA coming in, returning another 10%.Binance Coin set for the second phase in the recovery rallyBinance Coin is undergoing some profit-taking this morning after the solid relief rally from yesterday (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-decentraland-binance-dogecoin-asian-wrap-16-feb-video-202202160214) that has lifted market sentiment and saw some decent inflows into markets. On the way up, bulls hit some resistance from the double top from February 08 and January 21 and, in the process, made it a triple top resistance. This, together with the already known $452 and the 55-day SMA coming in at $445, makes it a substantial (https://www.fxstreet.com/cryptocurrencies/news/binance-coin-must-break-out-above-this-level-before-bnb-can-retest-660-202202152150) barrier that will need to be broken to prove that the relief rally still has plenty of juice to go.Expect thus some profit-taking today, a little bit on the back foot with $419 as support to bounce off back to $445. Some more positive signals coming from the Russia-Ukraine developments could be the needed additional catalyst to push through this difficult barrier. The next target is set at $480, with the 200-day SMA falling in line with that considerable number, resulting in probably the same profit-taking pattern (https://www.fxstreet.com/cryptocurrencies/news/dogecoin-and-shiba-inu-price-climbs-as-binance-smart-chain-whales-accumulate-meme-coins-202202151719) as BNB price action shows today.BNB/USD daily chartOverall, the US keeps claiming that the situation in Central-Europe remains precarious and could see an escalation (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-binance-coin-and-decentraland-european-wrap-11-february-202202111055) any time now. Once those headlines hit the wires, expect the whole cryptocurrency space to collapse and for there to be a massive pullback from investors, with BNB price falling back initially to $389. Depending on the severity of the attacks, another push lower towards $340 would be the logical outcome and result in BNB price shedding 22% of its value.

// 🔥 DOGE 11-Month Bear Market Bullish Break Out by FieryTrading on TradingView.com DOGE has been beaten down and shorted very hard over the last year or so. Ever since topping in May, DOGE has been going down and losing a lot of value.With DOGE being shorted so badly, there's much opportunity for a potential bullish rally. Shorters will either close their shorts or get liquidated, which are both bullish occurrences.The bearish dotted trend line has been holding, but is now being invalidated by a big green candle. If bulls can hold this rally we might be targeting past local tops in the coming weeks.Happy trading!

Dogecoin price holds steady above the $0.127 to $0.137 demand zone, hinting at gains. Investors can expect DOGE to trigger a 35% ascent to $0.194. A daily candlestick close below $0.127 will create a lower low and invalidate the bullish thesis. Dogecoin price shows signs of moving higher as it holds above a crucial support level. This sideways movement is likely to result in an exponential run-up that shatters immediate hurdles. Dogecoin price prepares for a breakout Dogecoin price rallied 40% between March 13 and 28 and set a swing high at $0.153. This explosive move created a stepping stone aka demand zone that helped extend the uptrend. This support area extends from $0.127 to $0.137 and DOGE is currently hovering above it. A further consolidation above this range will be key in triggering a bullish move. In such a case, the weekly resistance barriers at $0.163 and $0.194 will be the first blockades. Clearing these hurdles will open the path for market makers to push the meme coin above $0.194 to collect the buy-stop liquidity above. This development will signal a local top formation and is likely where upside will be capped for Dogecoin price. In total, this run-up would constitute a 50% gain from the current position at $0.144. Market participants are likely to start booking profits here, leading to a retracement.   DOGE/USDT 1-day chart   Regardless of the bullish outlook for Dogecoin price from a technical standpoint, a sudden crash for Bitcoin could translate to DOGE without any pushbacks. In such a case, a daily candlestick close below $0.127 will create a lower low and invalidate the bullish thesis for Dogecoin price. This development could lead to a further decline in DOGE to the $0.109 support level.

DOGE is approaching a strong demand zone in green so we will be looking for buy setups on DAILY: DOGE is stuck inside a range in the shape of an inverse head and shoulders pattern. Trigger => Waiting for a momentum candle close above the blue neckline to buy. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns | FXMAG.COM Meanwhile, until the buy is activated, DOGE would be overall bearish and can still trade lower till the lower orange trendline. In this case, we will be looking for buy setups on lower timeframes. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

It’s been another week of wide ranges with little direction. That’s not to say we didn’t see both sides try. A few of the top 25 saw solid selling, both AVAX and XRP were hit with sell-offs, while the more significant coins like BTH and ETH fought back off lows forming spinner type candles. Bitcoin traded above 40K during the week but couldn’t hold the level. On the positive, 38,900 continues to hold firm for buyers. APE coin had a massive week adding 57% ahead of its metaverse launch. Doge had a massive week, and we will touch on that further below. Aside from its massive jump, the coin can also now be used for rent payments. On the topic of payments, a Dubi real-estate developer will accept BTC and ETH for purchases of luxury homes. During the week, we did see a few small signs that buyers were trying to get a move going, but a lot like last week, we saw those signals fade as selling resumed. A fair few of the top 25 took heavy selling on Friday’s session, and that was refected as the CRYPTO25 indexes were leading the CRYPTO10 index lower. DogeCoin was the talking point last week. The coin is linked to Elon Musk regularly, and once news of his offer to buy Twitter was accepted, we saw a dramatic rally on the coin. Price jumped as much as 30% higher on the news, but the move was short-lived as a touch over 10% was taken off the following session. Since Tuesday, we have seen every direction on Doge as it looks like traders are trying to work out what Monday’s spike meant. Looking at the daily we have a solid looking range in play, and this could set up a straddle play. A straddle is where a trader places buys above the range and sells below the range. (one cancels over an option to avoid being double filled). If that spike is valid, the question that may need to be answered by traders is if we did see a breakout lower, could it retrace Monday’s spike retesting lows set on the 25th or if we break higher could we see a new test of 0.17? Until we see some direction, the market may remain rangebound. Be wary of tests out of the range, as false breaks can be very painful for breakout traders. In all trading, risk management is an essential part of the trader’s strategy. (The straddle example is an example based on Friday’s chart. The daily chart will have changed, and the range may not be in place by the time of posting) DOGE Chart Here’s 4-hour chart as well just in case you prefer it The post Crypto Focus: A Week of Indecision and Dogecoin on the Up? appeared first on Eightcap.

Bitcoin has been hovering around the 30K mark for a second day, forcing the rest of the crypto market to balance declines and gains. Ethereum has lost 1.2% in 24 hours but remains near 2,000. Altcoins from the top ten are mostly declining, losing between 0.7% (DogeCoin) and 3.8% (Polkadot). Tron is gaining 1.7% but has been little changed since the end of last week. Total crypto market capitalisation, according to CoinMarketCap, declined 1.1% overnight to $1.29 trillion. Bitcoin’s dominance index remained unchanged at 44.3%. Bitcoin has stalled at the psychologically significant 30K level The Cryptocurrency Fear and Greed Index was up 4 points to 12 by Wednesday and remains in “extreme fear”. The index’s recovery from lows since 2019 is due to a waning selloff but not a market reversal to growth. Bitcoin has stalled at the psychologically significant 30K level and has also lost the momentum of the rebound at the 76.4% Fibonacci line from the downward move from late March to last Thursday’s lows. This is a typical shallow counter-trend correction. The inability of the market to develop the offensive from the current levels would raise the question that the final target for the downtrend would be the 161.8% area of that move, which is near $11.3K. Such a setback would cancel out all upside momentum from October 2020. So far, this scenario looks exceptionally pessimistic and needs to converge the disappointment of crypto-neophytes on top of an actual collapse of the global economy and stock market. Such a dip would leave Bitcoin’s price at only 16% of its peak, which has happened several times in its history. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM However, a significant drop below previous cyclical highs ($20K) would be unusual, although Bitcoin was previously repurchased on similar drawdowns. Perhaps a more cautious scenario would be a dip into the $20-23K area to close the gap at the end of 2020 or a return to the 2017 highs. The realist-optimistic scenario points to the possibility of cautious buying by long-term investors from current levels. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar However, it does not suggest a new wave of explosive growth, as financial conditions and a return to the area at the start of 2021 are disappointing for those investors who have been buying cryptocurrencies as a way to make a quick buck. Moreover, inflation has weaned 10% off the dollar’s purchasing power over this period. Among the news that caught our eye were: According to CoinShares, institutional investors invested $274 million in crypto funds last week, a record since the start of the year. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar. According to the Congressional Research Service (CRS), the stable coin market needs strict regulation. Because of the speculative nature of cryptocurrencies, investors need more protection, or they could lose confidence in the markets, SEC chief Gary Gensler said. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM The Portuguese authorities are considering introducing a tax on income earned from investments in digital assets. Dogecoin co-founder Billy Marcus called 95% of crypto-assets “trash” and suggested that 70% of investors don’t even understand the fundamentals of the crypto market.

Relevance up to 09:00 2022-08-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.   The oldest and most beloved meme coin in the cryptocurrency ecosystem, Dogecoin (DOGE), continued its growth Tuesday, despite the weakness in the market as a whole. Data shows that the price of DOGE rose 21% from a low of $0.075 in early trading to an intraday high of $0.0917 before pulling back to $0.085.     The main source of momentum driving the growth of DOGE is the growing excitement among the supporters of the Dogechain cryptocurrency, which is compatible with the Ethereum smart contract network built using the Polygon Edge framework. Dogechain is positioned as the second layer for Dogecoin and will allow users to connect DOGE to the network to access their applications. Once a user successfully connects DOGE to Dogechain, they will be granted an equal amount of Dogecoin (DOGE). The need to connect DOGE to Dogechain has created positive buying pressure on the token, driving its price up 38% over the past week. Earlier in August, the new Ethereum virtual machine (EVM) compatible network was officially launched and has recently begun to gain momentum. With the new smart contract capabilities available to the Dogecoin community, Dogechain has already launched several Uniswap-style automated market makers, including DogeSwap and DogeShrek, where users can trade tokens launched on the Dogechain network. The second factor that contributed to the development of DOGE was the release of the Libdogecoin protocol, a project that will allow users to develop products that comply with the Dogecoin network standards. Libdogecoin allows developers to develop protocols for the network without the need for a node, helping to make the network more useful. Recently, a developer named Shafil Alam announced that he had compiled Libdogecoin for iOS and Android devices, helping to expand the reach and accessibility of the protocol. This will allow the community to create more mobile applications designed specifically for the Dogecoin ecosystem. As part of the move towards mass adoption of DOGE, Libodogecoin has already served as the basis for the development of new projects on Dogecoin, helping to launch projects such as RadioDoge and GigaWallet.   Read more: https://www.instaforex.eu/forex_analysis/319144

Relevance up to 07:00 2022-11-02 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/299149

We have seen Dogecoin spike higher towards resistance at 0.1629 (the high has been seen at 0.1584). This spike is enough to fulfill the requirements for the rally from 0.055 and set the stage for a corrective decline towards at least 0.1116 and possibly even closer to support at 0.0883. A break below support at 0.1258 will confirm that Dogecoin has peaked for now and the expected correction is unfolding.   Relevance up to 06:00 2022-11-03 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/299314

The expected correction from the 0.1584 high is unfolding nicely and should continue to add pressure on Dogecoin towards support near 0.0883 from where we will be looking for the next strong rally towards strong resistance at 0.3500. Only a direct break above resistance at 0.1354 will indicate that the unfolding correction has completed pre-maturely and call for the next leg higher towards the long-term target at 0.3500.   Relevance up to 07:00 2022-11-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/299856

We have seen the expected decline to support at 0.0876 and even a bit below that as we have seen a low at 0.0762 or the 78.6% corrective target. This should be enough to fulfill the corrective expectation and Dogecoin could start the next impulsive rally higher towards 0.1625 and 0.3500 as the next major upside targets. A break above minor resistance at 0.1120 will confirm that the correction has been completed and the rally higher to 0.1625 is unfolding,   Relevance up to 06:00 2022-11-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/300206

With the emergence of deviations between the price movements of the Doge cryptocurrency and the CCI indicator, then confirm if on the 4-hour chart Doge will continue the rally which is still a correction upwards where the level that we will try to test in the near future is 0.09310 as well as level 0.10068 which will be both target if the momentum and volatility still support and confirmed by CCI which managed to break above the level 100. However, please pay attention if on its way to the level target as previously mentioned, Doge suddenly returns to its initial bias, which is to fall below the 0.7755 level, then the scenario described previously will become invalid. Relevance up to 04:00 2022-11-19 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/114149

Meme coins like Dogecoin, Shiba Inu and others have been popular in the crypto world for several years now. These digital currencies’ price fluctuations have proved to be tremendously lucrative for some investors and speculators. Kishu Inu is a relative newcomer to this space, but its native token has already made its way into thousands of investors’ crypto wallets. Let’s take a thorough look at this crypto token. What Is Kishu Inu? Kishu Inu is a dog-themed meme coin with a decentralized exchange (DEX), reward mechanisms and NFTs. Its core mission is to raise awareness about cryptocurrencies to help them become more mainstream. The Kishu Inu ecosystem consists of a liquidity pool established on Uniswap, an NFT marketplace and a DEX. Via this platform, KISHU crypto tokens can be bought, sold and traded. They can also be earned through a staking mechanism. In addition, KISHU holders can create, buy, sell and exchange NFTs through its ecosystem. Its design is modeled closely after that of other popular meme coins, such as Dogecoin, Baby Doge Coin, Kabosu and others. However, Kishu Inu stands apart from other meme coins in several key areas, and was designed to accomplish a specific mission. Uniquely, its mascot is the Kishu dog breed. In addition, it distributes 2% of every transaction to its token holders. While this fee structure is unique to Kishu Inu, some other meme coins have a relatively similar mechanism. This strategy encourages users to hold KISHU tokens. History of Kishu Inu Kishu Inu launched in 2021 with a big splash. The meme coin’s launch was announced on a Times Square billboard. Its founders and developers have remained anonymous, but there are hints about their identities on Kishu Inu’s social media accounts. After the meme coin’s first month, more than 100,000 token holders were active, with its market cap at that time exceeding $2 billion. Comparatively, Kishu Inu is one of the smaller crypto tokens today. However, it’s already developed solid partnerships. For example, token holders can make travel plans at Travala.com using KISHU tokens. Living Vogue Real Estate also accepts KISHU payments. After establishing a relationship with the Bybit exchange, Kishu Inu became the first-ever meme coin to host its NFT collections on the exchange. What Does Kishu Inu Aim to Achieve? As a meme coin, Kishu Inu stands out with crypto users by having a legitimate purpose. Compared to some of its well-known predecessors, Kishu Inu brings newer concepts to the table and offers them to a mainstream audience. Its innovative features, aimed at achieving its purpose, include Kishu Swap, Paw Print, Kishu Crate and Kishuverse. Kishu Inu promotes growth and development through its transparency and self-management style. While many meme coins may seem to simply be passing trends, this project focuses on maintaining its appeal through continued development and a better rewards system. It’s also been designed with security in mind: Its code is heavily audited and its crypto tokens are burned to minimize risk. How Does Kishu Inu Work? The KISHU token is an Ethereum ERC-20 token. It’s used for a decentralized usage rewards mechanism through which token holders receive an allocation of 2% of each transaction fee. Therefore, token holders can benefit from a regular stream of income. They can also create, sell, trade and buy NFTs, in addition to earning staking rewards and participating in a play-to-earn game available for crypto users. Features of Kishu Inu This meme coin project is more than just another dog-themed meme coin, thanks to its robust features and mechanisms. While the developers have taken inspiration from Dogecoin and others, they’ve focused on creating something that will appeal to the mainstream and that adopts the latest features and mechanisms. These features encourage users to hold their crypto tokens for a longer period of time — and also drive long-term appeal to investors.  What are the unique features of Kishu Inu? Instant Usage Rewards Kishu Inu is structured with a static rewards system. As mentioned, each time KISHU tokens are bought or sold, a 2% transaction fee is charged. The transaction fee is disbursed to the wallets of KISHU holders as a reward. The exact amount that each token holder receives is based on their percentage of the crypto tokens in circulation. Many meme coins are heavily traded as crypto users try to make a quick buck off of price fluctuations. This static rewards system, however, encourages KISHU token holders to keep and even grow their holdings over a longer period of time. Kishu Swap Kishu Inu functions with a DEX, known as Kishu Swap, which runs on Uniswap. The Uniswap DEX is well-known as one of the safest and largest currently in operation. Through Kishu Swap, token holders can exchange, buy or sell any of the many available ERC-20 crypto tokens. Kishu Swap will soon be revamped into Kishu Swap X, which will feature an all-in-one solution for swapping. Its users will be able to look forward to swapping between more than 16,000 tokens across 22 different blockchains, and enjoy the best rates with optimal routing and bridging systems. Kishu Crate Artists participate in contests within the Kishu Inu community, and the NFTs that they create are offered through Kishu Crate. Artists receive prizes for their efforts through the KISHU liquidity pool. Token holders can stake their tokens in Kishu Crate, and receive digital collectibles and NFT rewards in the process. The Kishu Inu community collectively votes on which digital art pieces should be made available to stakers through Kishu Crate. Kishu Paw Print Token holders can easily track their earnings, prizes and holdings through the Kishu Paw Print app. This easy-to-use app offers detailed stats on usage, and includes a price chart, the current U.S. dollar value of the user’s holdings, and more. In addition, crypto users can conveniently monitor their holdings without having to sit in front of a computer. Kishuverse Kishuverse is one of the newest developments for the Kishu Inu project, with some aspects of it still in the works. It’s a centralized hub on which artists can mint their NFTs, created within the Kishu Inu platform. Until this part of the project is completed, crypto users can access the official Kishu Inu Collection on OpenSea. Kishu Kingdom Another unique feature of Kishu Inu is the Kishu Kingdom game. This play-to-earn (P2E) card game places players head-to-head in a manner that’s similar to Hearthstone and other digital card games. Kishu Kingdom requires considerable strategy. Each player chooses their hero and assembles decks. Spells, pets and weapons can be used by the hero to defeat opposing players.  This game originally debuted as Bybit Mystery Boxes. Today, these NFTs are available for purchase through the Bybit NFT Marketplace. NFT holders will have early access to the game, and may also receive various types of rewards in it. How to Buy Kishu Kingdom NFTs To purchase these mystery boxes through Bybit, you’ll first need to create an account with Bybit. Once your account is created, transfer funds to your Spot account. When your account is funded, you can select your NFTs and finalize your purchase. Kishu Inu Road Map While Kishu Inu launched in 2021, it’s already progressed through four phases of development. The first phase was the actual launch. At that time, the goal was to have 2,000 holders and 2,000 Telegram members. Listings on CoinGecko and CoinMarketCap were also completed.  The second phase was for growth, with the developers focusing on goals of 20,000 holders and 10,000 Telegram members. The website also was redesigned during this phase.  During phase three — expansion — the decentralized Kishu Swap exchange was released. Participation grew to 30,000 holders and 15,000 Telegram members. In addition, initial CEX listings with Hotbit, Bilaxy and CoinTiger were completed.  The last is the utility phase, which included growth to 100,000 holders and 50,000 Telegram members. Additional CEX listings were created, and the exchange was listed on NOWPayments.io. Paw Print, Kishu Crate and a listing on Shopping.io were also established. KISHU Tokenomics Kishu Inu is a community-driven, decentralized platform that functions with the Ethereum-based KISHU token. This token can be exchanged through the Kishu Swap DEX. It may also be used to purchase NFTs, and it may be earned with the Kishu Inu reward mechanism. KISHU can also be staked for additional incentives, and has passed a thorough security audit. There are 100 quadrillion KISHU tokens in circulation today. Its market cap is just over $38,987,000. KISHU Price Prediction The current price (as of Dec. 9, 2022) of a KISHU token is $0.000000000396. Its price is volatile, and is affected by several key factors. One of these is its status as a meme coin. Meme coins have largely been used as short-term investments, which can drive significant price fluctuation in a short period of time. The token’s accessibility on leading trading platforms can drive interest and activity. Also, there’s growing interest in the decentralized finance (DeFi) sector. Kishu Swap acts as a DeFi exchange, and trading activity may be elevated as a result. It’s important to note that KISHU’s starting price in April 2021, $0.000000000069, peaked only a month later at $0.000000017547. The value then plummeted, only to shoot back up 1,900% by October 2021. However, between that time and August 2022, KISHU’s value dropped by 94%, which can most likely be attributed to overall bear market sentiment. Business2Community’s KISHU price prediction for the end of 2022 is $0.0000000024. By the end of 2023, they forecast the token’s price may reach $0.0000000038 and, looking farther ahead, $0.0000000073 in 2025. Is KISHU a Good Investment? Buying any type of cryptocurrency is speculative at the moment. However, a stockpile of KISHU tokens can currently be purchased for a few cents, so the risk of making a modest investment is truly negligible. The value of a KISHU token is currently far off its peak, and there’s a possibility that it may decline further.  However, if this happens, the loss may be minimal. On the same note, if the value skyrockets, you may stand to gain very little over the next several years. Nonetheless, there’s a great opportunity to make a profit through token value appreciation and rewards if you intend to make a long-term investment. The Future of Kishu Inu Kishu Inu has progressed successfully through its four phases of growth and development. At the same time, more than 100,000 crypto users purchased KISHU during its first month, and that number has continued to grow. In addition, the social media platforms for Kishu Inu have hundreds of thousands of followers. There’s considerable interest in Kishu Inu, and that interest may grow over time. Its marketplace has specifically been designed to have longer staying power than other doge meme coins, and its unique features and upcoming developments may contribute to its continued popularity. Closing Thoughts Kishu Inu has specifically been developed using the best traits of popular meme coins, but its development has also centered on creating features and mechanisms that encourage long-term investments. Given KISHU’s extremely low price today, the cost to get started is minimal, and could prove to be lucrative down the road.   Source: Kishu Inu (KISHU): The Next Meme Coin With Growth Potential? | Bybit Learn

With the emergence of deviations between the price movements of the Cryptocurrency Doge and the CCI indicator followed by the presence of the Bullish 123 pattern accompanied by a Ross Hook (RH) breakout in the Bullish Pitchfork channel, in the near future this Crypto currency has the potential to appreciate to the level of 0.07854 as its first target and 0.08293 as the second target but if on the way to these targets the Doge suddenly drops back down past the 0.06993 level then all scenarios of a bullish rally that have been described will be automatically canceled and become invalid. Relevance up to 04:00 2022-12-24 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/116261

Even though on the 4-hour chart the Doge cryptocurrency can be seen from the MA which is still crossing negatively and the CCI indicator is below the 100 level which all indicates that the sellers are still dominating quite strongly in Doge but the Bullish Fair Value Gap area level seems to act as a sufficient support area well as well as the appearance of the Failing Wedge pattern provides an indication that Doge has the potential to be corrected to rally up and up as long as it doesn't return to its original bias, especially not to break below the 0.07949 level, then Doge will try to break above the 0.09026 level. If this level is successfully broken, then the main target will be tested by Doge is the level of 0.09189 and if the momentum and volatility are supportive then the level 0.09828 will be the next target.   Relevance up to 01:00 2023-02-25 UTC+1 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here. Read more: https://www.instaforex.eu/forex_analysis/120113