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What’s up you money makers and Dodge holders welcome back to the channel as Dogecoin enters into the bullish territory key indicators reveal I’m here to talk about Dogecoin why it’s a great time for Dogecoin we started seeing some bullish pattern I want to really show
You what it means to be in not in altcoin season and the way we are approaching and entering the altcoin season right now we are at 69 so we are towards Bitcoin if we hit more than 75% 75% or more 75 index or more then we can
Consider that we are in the altcoin season because remember what happened to bitcoin I can show you the data so if you take a look at one year worth of data right here that I’m going to share in a second here 16,000 or 177,000 from 17,000 in January 2023 we are at 42
$43,000 for Bitcoin in January 2024 so in one year Bitcoin has done from 177,000 to 43,000 or $42,500 which is almost 2X X price point 17 * 234 and and half so more $8,000 more so more or less we are 2 and a half times in one year
For Bitcoin think about what happened to Dogecoin in last one year let me show you this data the the Dogecoin went from $7 or 7 cents to 9 cents there’s a lot of speculation going on when Dogecoin is going to hit $1 will that happen in 2024
There are a couple of catalysts coming up what Dogecoin needs is a big Catalyst Maybe must comes out and sends Dogecoin to the Moon literally physically to the Moon that could be a pretty good Catalyst for Dogecoin because again it’s a meme cryptocurrency right so this is
Again this is Dogecoin and I’m going to prove the point as to why I’m saying that this is going to be a starting of the altcoin Season before I go ahead I just wanted to ask you to hit the like button subscribe to the channel turn on
The notification Bell so and help me motivate me write down in the comment section below what other altcoin or what other cryptocurrency you want me to cover whether it’s Shinu all you Shinu lovers take a look right here what happened to Shinu in last one year we
Did not gain as much price we were at the eight eight price point and we are right now at 10 so we are pretty much flat in terms of the shibba enu as well think about what happened to Ether like ethereum I wanted to show you one year
Worth of data for ethereum which also did pretty well from $1,200 ether went to $2,200 which means it has done close to 2x so it is following Bitcoin whereas other smaller coins including Dogecoin your and mine favorite Dogecoin went from 7 to 9 nothing more Shu went from 8
To 10 nothing more so that is why I’m seeing that or saying that we are entering the altcoin season we’re going to go above 75 and at that point you’ll see that Bitcoin will stabilize it’ll it’ll be stable between 42 and $50,000 and you will see the altcoin including
Dogecoin um and other coins altcoins smaller coins will start catching up they’ll start going up up and up and where Bitcoin will be relatively stable think about Dogecoin we are at number 10 in terms of the market cap 12.9 billion very close to 13 billion right down hit
The like button if you think that Dogecoin can hit more than 13 billion in terms of the uh in in terms of the market cap just within 24 hours I do think that it’ll go about 13 billion right now Avalanche you can think about cardan about 21 billion all in all what
I’m trying to say is Bitcoin will go about1 trillion of the market cap which we are right now at $830 billion now Bitcoin is practically like gold think about the grid Index this is fear and grid index we are in Grid index we will go in extremely green index very very
Soon when we start seeing all the market all the cryptocurrencies including Bitcoin altcoin will start ramping up but Bitcoin will not move it won’t move with a fuel it won’t go to $60,000 but before that you’ll see smaller coins can Dogecoin go to 133 14 cents hopefully
Yes and that’s what I wanted to tell you right here this is a great article that I came across that Dogecoin what are the indicators that you and I want to look into after a bit of slump over the weekend the crypto Market rebounded Bitcoin is close to 44 to $43,000 as we
Just mentioned and that can be just the first sign of major search sparking in the excitement of the market Savvy folks for many people people started eyeing out and looking into this cryptocurrency the stock market is extremely High the interest rates are high as well and
People are trying to find out where they can park cash because yes there is a lot of risk putting money back into the market right now in Dow Jones and NASDAQ who is that are all-time high and and investors who are who are trying to get to the swing trade it’s extremely tough
For people to get into the market especially the stock market so that’s why speaking of Doge there is some interesting things coming up number one the moon mission now moon is basically Dogecoin has re recently grabbed a headline with its ambition that developers announc their plan that they
Want to put phys Dogecoin physically the token into the moon and uh what happened was it was planned for December 2023 now it is postponed for 2024 January there might be a big opportunity for Elon mus to come out and brag about beat Dogecoin that he has always been bragging now so
That’s why I’m seeing right now also remember that fear and greed index is also playing a pretty important role when you start seeing greed index that means people are buying people are looking into coins or cryptocurrencies to buy more and more I told you some of
The reasons as to why people are looking into cryptocurrency number one property Market they can’t really get into right now and again it’s not a relatively swing trade when you invest in property so real estate real estate is alltime high another thing is they can put money
Into their fixed deposit but again CD rates are 5% and it’s gradually going to go down as we begin to get into 2024 mid 2024 and at the end of 2025 you’ll see that the the CD rates will go down now where people can park cash can they Park
In Dow Jones or some stocks or NASDAQ it’s risky relatively yes this Market is going to go up in the long term if you think about like 5 7 10 years the market is going to go up but cryptocurrency somewhere that you can put money double
2x 3x 4X and then take the money out so it is a uh plain uh simple greed versus fear right it’s uh it’s pain versus pleasure as I always say so again remember there are a couple of catalysts coming up for Dogecoin and if the Dogecoin is put physically into into
This particular Mission it is going to get a lot of uh lot of buzz into the market now why and again we are seeing Shinu will record will be record record high it’s not just shibba Inu but the altcoin in general so keep that in mind
And couple of reasons a couple of other reasons that you also want to keep in mind is some of the bullish indicators or technical analysis if you think about the technical anal analysis remember that we cleared the crucial um region for for Dogecoin right so let’s uh let’s
Take a look at one month now for one month we saw we went to 10 and a half cent can we go back there yes within a within a week we will be about uh 10 to 11 cents given that uh the momentum that we have been seeing right now we are
Seeing almost 12.97% uh billion uh Market G that will go above and beyond 13 13 A5 billion very very soon now we are looking at the circulating supply of 142.5 billion which is relatively high but it is nothing compared to any other um coins that you can think about like
There are trillions in terms of the Sheba enu right Sheba enu is about 589 trillion she tokens that available with 6.1 billion 6.2 billion of market cap so again what my point is that Dogecoin is perfectly suited uh to go uh 2x 3x 4X in
2024 now again you want to take it with grain of salt but a couple of things the way that we have been seeing that doge is trading around 99 and 10 cents mostly 9 0.095 but the modest encouraging factor is it is in the increasing mode it is in
The green it is in the green zone with a couple of catalyst coming up there’s a significance that if it stays about 9 cents it’s a crucial level for for Dogecoin and it’s not overstated to it is not an overstated fact to say that it’s a it’s a bull it is forming a
Bullish pattern now what is the indicator here we have seen that again 8 to9 cents 8 cents it has a pretty good resistance 1050 it has a lot of resistance to go above and beyond 8 cents is again 8 cents is good support and 10 cents is good 10150 is good good
Resistance with the moving average which is about 91 right so it says right here the 9 the moving average is about 91 so as long as it stays about 91 and let’s say for few hours and that there is Big push push in terms of buying it can hit
About 11 cents we have seen that it can go to 1145 take a look right here if this movement translates into buying pressure Dogecoin could potentially test the second resistance level from 1050 to 1145 it’s an optimistic Outlook once again but that can push Dogecoin and get
To the next next zone now let me show you the next zone is going to be 13 cents so if you go back if you take a look at one year we have seen that we went to 10 uh right here seven from
Seven we went to 9 from 9 we went to 10 at one point but we could not sustain so if we cross this again we tried testing this level right 1050 again here 1050 again here 1050 could not really pass can it go about 1050 if it goes about
1050 and stays there first of all we’ll have to stay above this 94 level once we stay above 94 level we will test new levels of 1050 once we go about 1050 if the buying volume continues and if if Bitcoin stays around 4 to 43 44,000 Dogecoin can certainly go to 1150
Because again there will be a lot of Buzz around Dogecoin in January and this is much due event for Dogecoin to go high test higher levels along with other altcoin so everything is aligned right now number one we are getting into the new year second that we are looking
About the moon moon mission uh there’s altcoin season Bitcoin ether they’re doing pretty good and there is not much that people are going to buy Bitcoin at this price point because now there’s again fear for Bitcoin so watch out for that I just wanted to share this
Information with you if you find this helpful hit the like button subscribe to the channel I’ll see you in the next video thanks for watching
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