• Dogecoin’s price has risen by 6% in the past 24 hours, with a 13% jump in the past week.
• Its indicators are in a position where a significant rally might be incoming.
• There remains a real possibility that Twitter will introduce DOGE payments in some form at some point in the future.
Dogecoin Price on the Rise
Dogecoin’s price has risen by 6% in the past 24 hours, with its jump to $0.075820 today representing a 13% gain in a week. This came as the cryptocurrency market as a whole increased by 4%, likely buoyed by measures taken to stabilize First Republic Bank’s financial situation. Despite suffering from an overall 10% loss over the past month, Dogecoin has appreciated by 7.5% since the start of 2021, giving it strong foundations for further growth this year and beyond.
Indicators Showing Positive Momentum
Dogecoin’s relative strength index (RSI) has bounced from nearly 20 (oversold) to nearly 50 over the last few days, suggesting more momentum is likely to come soon. In addition, its 30-day moving average (red line) has dropped below its 200-day average (blue line), indicating that it could soon surge above this longer-term marker again. The coin appears to have recovered from losses on Tuesday and Wednesday, setting up conditions for further growth ahead.
Zero-Day Vulnerability Discovered
Researchers at cybersecurity firm Halborn recently discovered a zero-day vulnerability in Dogecoin’s code as well as that of 280+ networks. This allowed malicious actors to attack nodes and take them offline; however, Dogecoin had already patched this bug before Halborn disclosed it on March 13th 2021 – though DOGE still temporarily fell following this news nonetheless.
The Possibility of Twitter Integration
There remains real possibility that Twitter will eventually integrate Dogecoin payments into their platform; this is supported by hints dropped by Elon Musk ever since he first proposed buying the social network back in January 2020. Reports from earlier this year revealed that Twitter was speeding up their plans for digital currency integration – making now an exciting time for DOGE holders!
All signs point towards further gains for Dogecoin in 2021 and beyond; while there are potential risks associated with investing in any cryptocurrency, it looks like now could be an ideal time to get involved with DOGE if you’re looking for potential long term returns!