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Dogecoin Seen Doubling In Price, Despite Shedding 10% In Last 7 Days

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Dogecoin

After everything is trading in red in the crypto space, Dogecoin price made a refreshing spike and may even more than double in price by the end of 2022, according to analysts’ long-term price forecast.

Being the original and top meme token, Dogecoin is killing it in the crypto game. DOGE has seen a slight gain of 0.5% as seen in the past 24 hours.

As of press time, DOGE is currently trading at $6.2. Dogecoin is currently the world’s 10th largest crypto in terms of market cap. It has a market capitalization of $8.3 billion which has declined by 2% from its all-time high of $73.8 on May 8, 2021.

DOGE Seen To Wrap Up 2022 At $0.16

Forecast by 15 FinTech analysts revealed that DOGE price is said to grow twofold and could end 2022 at $0.16 which is a 158% jump compared to the meme coin’s current value. In comparison, DOGE ended 2021 at $0.17.

Fred Schebesta, founder of Finder, maintains a bullish perspective for DOGE price. He forecasts that the meme coin will end 2022 trading at a range of $0.25 to $0.30.

DOGE for Schebesta is unassailable and should never be undermined being the original meme coin.

Suggested Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55

 According to Schebesta:

“This shouldn’t be underestimated in the world of cryptocurrency where breaking traditional methods for identifying value is a cherished pastime. Investors can likely sit tight knowing that while there will be more, and others will come and go, Doge will forever be the original.”

On the other hand, John Hawkins, University of Canberra Senior Lecturer, is bearish with its forecast of DOGE. He says that Dogecoin is bound to end the year trading at $0.05 or down by 20%.

Hawkins believes that while DOGE is the original meme coin, its price is directly impacted by the controversial tweets of Elon Musk. While it can hoist the coin further up, it’s influence of DOGE price seem to dissipate over time.

DOGE total market cap at $8.3 billion on the daily chart | Source: TradingView.com

DOGE To End 2030 At $0.54

CoinMarketCap data reveals that DOGE currently trades at $0.06104, which is 93.896% below the support line. Additionally, DOGE has also shaved off around 5.91% today as well as dropped by 9.80% over the past week.

The meme coin’s current market cap is a miserable number compared to its all-time high of $85 billion seen on May 5, 2021.

At the beginning of the year, many analysts were extremely bullish and believe that DOGE price will hover to $0.92 or close to $1 by the end of 2030 but to date, the predictions have now moved at $0.54.

Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions

Featured image from Finance Magnates, chart from TradingView.com
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TA- Fantom Shows Strength – Eyes $0.70

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Ta- Fantom Shows Strength - Eyes $0.70

The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.

The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)

Price Analysis Of FTM On The Weekly Chart

Weekly FTM Price Chart | Source: FTMUSDT On Tradingview.com

From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.

The price has built more momentum as it faces resistance at $0.4.

If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit  $0.7.

Weekly resistance for the price of FTM – $0.4.

Weekly support for the price of FTM – $0.2.

Price Analysis Of FTM On The Daily (1D) Chart

1660237938 963 Ta Fantom Shows Strength Eyes 070
Daily FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart.

FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.

At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside.

FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7.

The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM.

The volume for FTM indicates buy bids, this shows bulls would want to push the price higher.

Daily (1D) resistance for FTM price – $0.4.

Daily (1D) support for FTM price – $0.33, $0.3.

Price Analysis OF FTM On The Four-Hourly (4H) Chart

1660237938 248 Ta Fantom Shows Strength Eyes 070
Four-Hourly FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel.

FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4.

If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices.

Four-Hourly (4H) resistance for FTM price – $0.4.

Four-Hourly (4h) support for FTM price – $0.372, $0.33.

Featured image from zipmex, Charts from TradingView.com 
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Ethereum Merge Scheduled For September 15/16, ETH’s Price Skyrockets

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Ethereum Price

Ethereum is moving higher over today’s trading session and seems to be targeting previous levels about the $2,000 mark. The cryptocurrency soars as “The Merge” becomes imminent and backs the bullish sentiment across the market.

At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24 hours and a 17% profit over the past week. Ethereum is the best performing asset in the crypto top 10 by market cap recording bigger gains than Solana (14%), Polkadot (16%), and Bitcoin (7%).

ETH’s price with important gains on the 4-hour chart. Source: ETHUSDT Tradingview

The bullish momentum for Ethereum seems poised to extend. In a recent ETH core developers calls, “The Merge” mainnet release was tentatively scheduled for September 15 to 16 at epoch 144896.

This announcement comes at the heels of a successful implementation of “The Merge” on another main Ethereum testnet, Goerli. Called the final “dress rehearsal” for this major upcoming event that will combine Ethereum’s execution layer with its consensus layer.

In other words, Ethereum will finally complete its transition from a Proof-of-Work consensus to a Proof-of-Stake. This process will provide the blockchain will better performance, much lower transaction fees, scalability, and less energy consumption.

The potential for “The Merge” to attract new users and capital into the Ethereum ecosystem is one of the reasons why it’s perceived as bullish by the market. Data from Material Indicators (MI) indicates that almost every investor class has been buying into ETH’s price current price action.

This buying pressure is trending upwards and appears to be picking up momentum, over the past 12 hours as news about the tentative date for the mainnet release broke.

Ethereum Eth Ethusd Mi 2
ETH’s price has been bought by almost every investor class on low timeframes. Source: Material Indicators

Further data from Material Indicators records important ask liquidity above ETH’s price current levels. There are over $40 million in selling orders stack from $1,920 to $2,000. These orders will operate as critical resistance.

What “The Merge” Could Spell For The Price Of Ethereum

If Ethereum is able to break above those levels, the orderbook record almost no resistance to the upside. Thus, ETH’s price could reclaim previously lost territory and extend its climb.

However, MI records low buying pressure for ETH’s price on higher timeframes from large investors. Over the past two months, retail investors appear to be jumping into Ethereum’s price action.

Additional data provided by Jarvis Labs coincides that retail investors having been accumulating ETH. Larger investors need to begin accumulating to provide ETH’s price with an extended trend.

Jarvis Labs believes that this sustainable bullish price action might only be triggered if Bitcoin picks up momentum and follows the bullish trend. The price of the number one cryptocurrency has also been supported mainly by retail, but the research “would like to see a Q4 2020 repeat”.

At that time, retail was buying BTC and ETH and in Q4, whales took over and prices were able to reach new highs.

Bitcoin Ethereum Eth Ethusdt
In Q4 2020 whales (red dots on the chart) took over retail (green dots) and push BTC’s price into new highs, will history repeat? Source: Jarvis Labs via Twitter

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Eternal Bots in Zelysium: Fascinating Metaverse with Intriguing Storyline

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Eternal Bots In Zelysium: Fascinating Metaverse With Intriguing Storyline

Dubai,UAE, (August 11,2022) – Zelysium is one of the first universes that mark to be the epicenter of the inevitable greatness of the Metaverse. Zelysium has a massive storyline with seven chapters. The storyline is made as original webcomics, animated motion pictures based on the comics, and an immersive tell-a-tale game in the metaverse.

Metaverse is an evolving sector as of today, various entertainment products and services have been expanding within the boundless domain. The above-mentioned constituents in the Zelysium provide users with an exhilarating experience.

EternalBots : The Inception, the story starts in a futuristic timeline in 20 GY ( Galactic years). Eternal bots are in the middle of the war, stuck in a reverse timeline, and reach the earth. Then they meet Human Beings……… and from there story continues The EternalBots NFTs are the Genesis collection of 8888 unique 3D rendered NFTs categorized into eight clans based on the power source with over 150 traits.

EternalBots’ artwork is entirely 3D modelled and generated, ready for integration into the Metaverse and highly compatible. The holders will travel with these Bots in the Metaspace and will receive assistance, special privileges and premium features on the platform.

The original webcomics with animated motion pictures in the Zelysium bring out the WOW element. In addition, the storyline will depict the origins of Zelysium and the environment. The EternalBots NFT holders become part of Zelysium’s governance and the metaverse will have open access to the community.

The NFT holders become a part of Zelysium and will enable all access to the platform. In addition, the holders can enter the web app to access top-tier private deals/own governance vote/raffle contests and access the mystery box, liquidity pools and other web 3 features. 

We double the NFT utility with $ZEL token emission, where $ZEL is the native token for Zelysium Metaverse. Moreover, Zelysium provides boundless opportunities for the community beyond one’s wildest dreams to push the utilities even further.

About Zelysium

Zelysium strives to revolutionize the traditional entertainment, e-commerce and socializing industries in a massive immersive environment. Our metaverse brings limitless experiences to the users and the community by bridging the physical and virtual worlds together in a decentralized manner. Along, the platforms provide endless opportunities and incentives for the creators/users for participating in various activities, and daily contests, earning rewards for their efforts while having fun building and experiencing the metaverse.

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Contact Details:

Name: Andrew Athisayaraj E R

Contact Email: [email protected]

Country,City: Dubai, UAE

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Billionaire Mark Cuban Sued by Voyager Digital Investors

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Billionaire Mark Cuban Sued By Voyager Digital Investors