Close Menu
Cryprovideos
    What's Hot

    ‘This Is One of the Best Charts in the Market’: Ritholtz Wealth Management CEO Unveils Top Financial Stock Picks – The Daily Hodl

    July 25, 2025

    Capital shifts to stablecoins as DeFi protocols bleed TVL

    July 25, 2025

    LDO Value Evaluation: Lido DAO Checks $1.04 Help as Bulls Goal $1.29 Breakout

    July 25, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Right here's Why The Dogecoin Value Is Rising Regardless of The Bitcoin Crash | Bitcoinist.com
    Right here's Why The Dogecoin Value Is Rising Regardless of The Bitcoin Crash | Bitcoinist.com
    Bitcoin

    Right here's Why The Dogecoin Value Is Rising Regardless of The Bitcoin Crash | Bitcoinist.com

    By Scott MathersonNovember 5, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Dogecoin worth is as soon as once more standing out from different cryptocurrencies with a robust, impartial surge. Its newest rally displays a development of detachment from Bitcoin’s worth, which usually units the tempo for many different digital belongings. Regardless of Bitcoin’s affect over the broader crypto market, Dogecoin’s latest strikes present a departure from this norm, with its worth rising at the same time as Bitcoin noticed a slight decline. 

    The Dogecoin worth efficiency may be attributed to a latest uptick in social sentiment amongst merchants, sparked largely by a brand new point out from Elon Musk.

    Dogecoin Value Is Rising Regardless of Bitcoin Crash

    In accordance with information from CoinMarketCap, the Dogecoin worth has gained 11.44% prior to now 24 hours, contrasting sharply with Bitcoin’s 1% drop throughout the identical interval. 

    Throughout a latest podcast look with Joe Rogan, Musk referenced “DOGE” as an acronym for a hypothetical Division of Authorities Effectivity. Whereas the remark might not have been straight associated to Dogecoin, it resonated with the Dogecoin group, fueling pleasure and contributing to the asset’s present rally.

    Buying and selling quantity for the meme coin chief jumped massively on Monday as traders capitalized on the hype. The Dogecoin buying and selling quantity at the moment stands at $3.17 billion, a 55.5% enhance prior to now 24 hours. Curiously, this uptick has seen the Dogecoin worth reversing a former decline and has additionally crossed into constructive worth efficiency in a seven-day timeframe.

    Elon Musk has been one of the most important voices in assist of Dogecoin over the previous three years. Nevertheless, you will need to observe that Elon Musk’s Division Of Authorities Effectivity (DOGE) has nothing to do with the favored meme coin. Within the Joe Rogan interview, Musk defined the rationale behind the division was to scale back the complexities of federal bureaucratic processes and laws that don’t make sense.

    What’s Subsequent For DOGE?

    The latest uptick in buying and selling quantity and exercise reiterates the distinctive position that social elements play in driving the Dogecoin worth actions. This development might properly proceed within the coming months, particularly if the proposed Division of Authorities Effectivity ever takes form. For now, although, this division stays an idea put ahead by Elon Musk as a part of the presidential marketing campaign for Republican candidate Donald Trump, and its creation is contingent on his success within the U.S. presidential election.

    Whatever the election’s final result, the broader crypto business is anticipated to keep up a bullish outlook, which is more likely to be spearheaded by Bitcoin and never by Dogecoin. Even so, Dogecoin is positioned to learn from this anticipated bullish setting and may even see extra positive aspects by the rest of the month.

    On the time of writing, the Dogecoin worth is buying and selling at $0.168. The subsequent goal is breaking above $0.17 and making a worth flooring at this degree.

    Dogecoin price chart from Tradingview.com
    DOGE worth above $0.16 | Supply: DOGEUSDT on Tradingview.com

    Featured picture created with Dall.E, chart from Tradingview.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    ‘This Is One of the Best Charts in the Market’: Ritholtz Wealth Management CEO Unveils Top Financial Stock Picks – The Daily Hodl

    July 25, 2025

    LDO Value Evaluation: Lido DAO Checks $1.04 Help as Bulls Goal $1.29 Breakout

    July 25, 2025

    Publish-GENIUS Period Brings $4 Billions to Stablecoins: Begin With Finest Pockets

    July 25, 2025

    Technique Ups Elevate for Bitcoin Purchases by $2 Billion – Decrypt

    July 25, 2025
    Latest Posts

    Technique Ups Elevate for Bitcoin Purchases by $2 Billion – Decrypt

    July 25, 2025

    Ethereum Will Quickly Beat Bitcoin, Galaxy Digital CEO Michael Novogratz Says

    July 25, 2025

    Bitcoin energy index: historic collapse after Galaxy Digital gross sales

    July 25, 2025

    ‘Crypto Strikes Cash Quick,’ Early Bitcoin Adopter Davinci Slams Banks

    July 25, 2025

    35 corporations now maintain not less than 1,000 Bitcoin as company adoption booms

    July 25, 2025

    🔩 The Energy of the Lever: Bitcoin Torque and the MicroStrategy Blueprint

    July 25, 2025

    Mike Novogratz Says Ethereum Could Outperform Bitcoin

    July 25, 2025

    Historical Whale Offloads $1.7B in Bitcoin, Value Slips to $115K – Bitbo

    July 25, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Crypto Invoice Backlash: Senators Warn Stablecoin Act Isn’t Secure | Bitcoinist.com

    May 4, 2025

    Pantera Capital and Soar Crypto lead $20 million funding spherical for Humanity Protocol

    January 28, 2025

    Binance Introduces $30,000 BNB Reward Marketing campaign on Sq. Activity Middle

    November 28, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.