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The Dogecoin price jumped 7% in the last 24 hours to trade at $0.07995 as of 7 am EST.
The rise comes as crypto firm Bakkt has expanded its custodial support to include Shiba Inu and Dogecoin.
Digital asset custody involves securing cryptographic keys essential for accessing and transferring assets. Custodians like Bakkt implement diverse security measures, such as cold storage for coins and multi-signature technology, requiring multiple approvals for access, to protect these assets.
🌟🌟 Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins 🌟🌟
Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%.
👉Bakkt is refocusing on digital asset custody, expanding… pic.twitter.com/NhdQcj05TL
— Pavelko Vince (@PavelkoVin43608) November 16, 2023
Dogecoin Price: Bulls Eye $0.1475 Amidst Strong Momentum
Throughout 2023, DOGE has been on a downward trajectory, forming a falling wedge pattern that typically signals a shift toward bullish momentum
Dogecoin price shows a rebound on the $0.58 support zone on the daily chart, giving the bulls the strength to propel the price above the confines of the falling wedge pattern, coinciding with a retest at the 200-day simple moving average. The rebound showcases strong bullish dominance, driving the price above the $0.075 resistance level.
The bullish momentum led to a rebound at the previous support of $0.066, reaching the current high at $0.0825. However, the bulls faced rejection
The Dogecoin price jumped 7% in the last 24 hours to trade at $0.07995 as of 7 am EST.
Dogecoin Price: Crucial Support
The price crossed above the 50-day and 200-day simple moving averages, with crucial support provided by the 200-day SMA.
Although the upward movement of the relative strength index (RSI) has experienced a slight decrease from an overbought level, it remains in a bullish trend, trading at 66. This indicates heightened strength and momentum for DOGE. If the bullish trend persists, there is potential for the RSI to enter the overbought zone.
If you want quick, high returns though, consider participating in the BTCMTX presale project, whose price will increase in less than 20 hours.
BTCMTX Presale Raises $4 Million, Edging Closer to $4.6 Million Soft Cap
As an investor, you want to take advantage of the rapidly surging presale of Bitcoin Minetrix (BTCMTX), which is nearing its $4.6 million soft cap.
The presale has crossed the $4 million mark, making it a strategic time to join before prices increase.
You can take up the opportunity to utilize the 20-hour period to buy more BTCMTX tokens currently offered at a discounted price of $0.0116 each. As the presale enters, the stage 8 price will rise to $0.0117. The price will keep increasing as the presale progresses into the upper stages, reaching $0.0119 in the final stage.
The project team has established a hard cap of $15 million, allowing participants to acquire up to 77.5% of the token supply.
Join The BTCMTX Minedrop Airdrop And Stake For Passive Income!
Take advantage of the opportunity to participate and earn passive income! The project is conducting a Minedrop airdrop, offering a total prize pool of $30,000 to enhance your involvement. This gives you and nine other fortunate participants an exciting chance to win a $3,000 reward.
Moreover, you can generate passive income through the stake-to-mine program. By staking your BTCMTX tokens, you can access a substantial APY of 147%. Currently, around 283 million tokens are staked, resulting in the mining of 158.5 blocks per ETH.
Experiencing the world of #BitcoinMinetrix, a tokenized cloud mining platform that enables everyday individuals to participate in decentralized $BTC mining.
Saying goodbye to concerns about third-party cloud mining scams and gaining full control over your operations. 🔐 pic.twitter.com/Oa9A9y74SO
— Bitcoinminetrix (@bitcoinminetrix) November 14, 2023
The CryptoNews Youtube channel, with over 5,000 subscribers, has given a detailed guide on buying BTCMTX tokens and investing for lucrative gains on this promising opportunity.
Acquiring BTCMTX tokens is easy for you. Connect your digital wallet to the BTCMTX website and buy tokens using ETH, USDT, BNB, or your bank card.
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