Источник Bitcoinist.com
Заголовок Crypto Founder Sells Dogecoin To Buy PEPE, Here’s Why
Дата 20241113

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Crypto Founder Sells Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin To Buy PEPE, Here s Why

Crypto Founder Sells Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin To Buy PEPE, Here s Why

by Scott Matherson

2 minutes ago

in Altcoin News

0

Max, the founder and Chief Executive Officer (CEO) of Because BTC, a
crypto-focused company, has just disclosed that he has sold off his Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
(DOGE) holdings to buy Pepe tokens. This surprising news comes amid a
significant decline in the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price , which has fallen 9.8% from its
previous high.

Crypto Founder Dumps DOGE For PEPE

In an X (formerly Twitter) post , Max announced to his 52,200 followers that
he had sold all of his Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin holdings and invested fully in Pepe. The
crypto founder revealed that the reason for this unexpected investment
decision is due to the technical analysis of the DOGE.D and PEPE.D charts,
which represent the market dominance of DOGE and Pepe, respectively.

Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Flashes Weekly Golden Cross That Led To 2021
Rally, Why A $4 Target Is Possible This Time

Source: X

The analyst disclosed that he had initially invested in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin due to a
bullish pattern he observed on its chart, which at the time suggested a strong
potential for growth in the meme coin . In the DOGE.D chart, Max revealed that
the meme coin had experienced a massive upward movement , recording a 2.15%
increase in its market dominance.

This increase in dominance coincides with the recent spike in the DOGE price ,
which saw the meme coin skyrocketing from around the $0.1 mark at the end of
October to $0.4 at some point in November. During this period, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
experienced gains not seen since 2021, jumping by more than 80% in just one
week.

Moving ahead, Max has revealed that he sees a similar bullish outlook for Pepe
. He disclosed that in the PEPE.D chart, the previous bull pattern observed in
DOGE is currently forming for Pepe. In contrast to Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin which has
experienced a price rally, the crypto founder explained that Pepe’s bullish
momentum was a few weeks behind.

Anticipating this impending price surge, Max has invested heavily in Pepe
after closing his long position in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin. The crypto founder boldly
predicts that Pepe could soon take the spotlight from DOGE as the most
dominant meme coin. Moreover, Max has even dubbed Pepe, currently trading at
$0.000012, the new king of meme coins.

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Sees 9% Decline

After experiencing a massive 233.47% surge in one month, the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price is
experiencing an unexpected decline . CoinMarketCap’s data reveals that DOGE
has dropped 9.2% in just one day and appears to be on a continuous downtrend.

Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Breaks Legendary Pennant Pattern, Here’s The
Next Target

Not too long ago, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта was trading at a price high of $0.4 after
surging by more than 80% in one week. Now, the DOGE price has dropped to
$0.37, possibly due to market volatility and profit taking . Source: X

Crypto analyst Ali Martinez revealed in an X post that historically, when the
MVRV crosses 78%, it typically signals a market top for the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price. He
has predicted that the MVRV will reset to 45.65% after today’s price
correction , leaving more room for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin to climb . PEPE price remains high
| Source: PEPEUSDT On Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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