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Dogecoin price rose 7% in the last 24 hours listed at $2,880 As of 3:20 a.m. EST, trading volume increased 58% to $3.9 billion.
This comes after Elon Musk indicated that Tesla could eventually accept Dogecoin as a payment method for its electric vehicles.
In a recent video from the Giga Berlin manufacturing plant, Musk responded to a question about purchasing Tesla cars with Dogecoin, saying, “At some point, I think we should allow that.”
While Dogecoin is currently accepted for some Tesla products, there is no official confirmation yet on when it will be available or if it will be available for car purchases.
Elon Musk at Giga Berlin today.
“When will I be able to buy a Tesla with dogecoin?”
“I think at some point we should allow that.” pic.twitter.com/Suk7bifuHC— Sir Doge de la Moneda (@dogeofficialceo) March 14, 2024
Dogecoin Price Poised for Bullish Rally
The price of Dogecoin has been gradually increasing since mid-February, resulting in a 125% increase during this time. The bulls aim to continue increasing the price as DOGE has already broken the upper boundary of the symmetrical triangle pattern.
DOGE is trading above the 50-day and 200-day simple moving averages (SMA), which is a confirmation of the bullish rally. Furthermore, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.08, affirming the sustained bullish stance.
The Relative Strength Index (RSI) is trading towards the overbought region of 70, currently at 64. If the bulls maintain the current upward trajectory, the RSI could surpass 70, indicating intense buying pressure.
The moving average convergence divergence also confirms the bullish sentiments, with the moving average line (blue) crossing the signal line (orange), representing a bullish crossover. A bullish crossover can push the price up even further as it encourages bulls to increase their positions.
Furthermore, the green bars on the histogram rise above the neutral line, showing positive momentum. The Average Directional Index (ADX) supports this as it rises, currently at 15. This level shows price moving towards equilibrium as it attempts to break out into a very strong trend.
Dogecoin Price Prediction
Dogecoin's short-term price analysis shows a bullish bias as bulls aim to capitalize on the symmetrical triangle pattern to push the price even higher as they target $0.24 as they target their all-time high ( ATH) at $0.7316.
However, the ADX is trending towards equilibrium, which may allow the bears to take control of the price. In such a scenario, the price may retrace towards the main support zone at $0.14, acting as a cushion against the downward pressure.
As Dogecoin bulls look to increase their positions, other investors are moving to buy Green bitcoin, a bitcoin derivative that is set to skyrocket with the upcoming bitcoin halving in April.
Green bitcoin Raises $4.3 Million, Most Popular Cryptocurrency to Buy Now
As we approach the bitcoin halving event, with bitcoin fueling the current cryptocurrency boom, Green bitcoin ($GBTC) has become a prominent new player that has attracted investor interest.
Green bitcoin goes GLOBAL, and our campaign attracts thousands of followers from all corners of our world.
We appreciate. pic.twitter.com/dRUyegB7PQ
—GreenBitcoin (@GreenBTCtoken) March 7, 2024
Green bitcoin is a cryptocurrency that combines the legacy of bitcoin with the environmentally friendly ethereum blockchain. It offers users the opportunity to predict the price of bitcoin and earn huge rewards.
By staking $GBTC tokens, users can participate in betting and be rewarded with a proportional share of the daily staking reward pool.
Introducing Green bitcoin – a revolutionary prediction-to-earn token.
Join us on our gamified green betting platform, where your predictions can turn into profits!
Website: https://t.co/dG5cEeCtRs
Telegram: https://t.co/bWanoe0vHv pic.twitter.com/eXuGQBkxio—GreenBitcoin (@GreenBTCtoken) December 3, 2023
In its current pre-sale stage, the project has already secured more than $4.3 million as it moves toward its $4.5 million goal.
An incredible achievement for the future of cryptocurrencies and for our amazing community!
Let's hear it for GREEN! pic.twitter.com/mk0kGrXrVn
—GreenBitcoin (@GreenBTCtoken) March 13, 2024
Buy and Stake GBTC for Passive Income, 119% APY
Unlike the original bitcoin, Green btc offers its holders passive rewards for betting. This means that investors can earn additional income by simply holding their tokens. So far, 63% of the $GBTC sold has been staked, with an annual return of around 119%.
Matthew Perry, a crypto YouTuber with over 225,000 followers, explains why Green bitcoin is attracting attention in the video below.
Launching close to the bitcoin halving, $GBTC aims to build on bitcoin's success, promising substantial returns. You can invest now at just $0.9162 per $GBTC token, but remember that there will be a price increase in less than five days.
You can buy $GBTC tokens on the bitcoin Verde official websitewhere you can exchange eth or USDT for $GBTC, or buy directly with your bank card.
Related news
Green bitcoin: gamified green bet
- Contract audited by Coinsult
- Early Access Presale Live Now – greenbitcoin.xyz
- Predict to Win – Featured on Cointelegraph
- Staking Rewards and Token Bonuses
- $1+ Million Raised
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