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NewsBTC 2022-08-17 21:00:50

Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level

Dogecoin (DOGE) goes straight to weekly gains of 11.4% following an intraday movement hovering towards $0.0847. Dogecoin jumps 15% in a matter of 24 hours Rallies amid the upcoming merge with Ethereum Growth fueled by ‘fake projects’ Dogecoin (DOGE), Elon Musk’s favorite dog meme coin, has spiked by 15%. Monday was phenomenal for Dogecoin as it surged by more than 16% and the meme coin is just warming up. And it’s not just Dogecoin that’s enjoying the bullish movement because other dog meme coins like Shiba Inu have had explosive growth felt over the weekend with the upcoming Ethereum network upgrade. Chart from TradingView.com Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? Dogecoin To Breach Key Resistance At $0.087 According to CoinMarketCap, DOGE price has plunged by 4.08% or trading at 0.0829 as of this writing. At this point, DOGE’s goal is to breach the key resistance level of $0.087. If Dogecoin can successfully breach this barrier and fix its hold on the price, then the coin may see unprecedented growth in the coming days. There is some buzz going on that refers to DOGE’s growth as fake and artificial because it’s linked to the upcoming launch of the layer 2 Ethereum. But, traders are warned to be cautious with fake projects or initiatives may not be what it looks like. One frightening fact is that there are many scams online that link themselves to Dogecoin for that clou...

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