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Dogecoin Is Cementing Alt Season, Here’s How

Since its debut in 2013, Dogecoin has continued to grow as the poster child of altcoins. As it gained popularity, it quickly became synonymous with wild price pumps because of its small value and concentrated holdings.

According to Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>Coin, Dogecoin now has a market cap of $69 billion, rendering it the fourth-largest cryptocurrency.

Indicator For Alt Season

The unprecedented rise in the price of the Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin is the norm. At the end of April, Tesla CEO Elon Musk tweeted: “The Dogefather SNL May 8,” referencing both the Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin season, proof of such pumps must exist prior to the broader market’s positive results.

July 2020 total Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin market cap vs. Dogecoin, USD. Source: TradingView

In early-2021 incredible, an additional 182% DOGE pump that took place over the course of two days did signal an altseason. Some 36 hours later, the Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin hiked over 1,000%. Three days later, the Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin is essentially a strong predictor for alt season, it’s worth noting that such results should be compared to those of other big altcoins. If Dogecoin lives up to its reputation amid a barrage of supportive press, the latest $0.61 all-time high is a sign of

The cypherpunk was one of the first people besides Satoshi Nakamoto to mine Bitcoin blocks, and reported many of the early bugs. It’s been more than ten years since computer scientist Hal Finney became the recipient of the first transaction…
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World Central Banks Deliberate On The Future of Money

Think about it this way: “It would be a mistake to think the internet won’t do to money the same thing it’s done to communications. When was the last time you wrote a letter, as opposed to sending a mail,…
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S&P Dow Jones Indices Takes Bitcoin and Ethereum to the Trading Floors of Wall Street

S&P Dow Jones Indices, the leading investment benchmark and indices provider, has launched “S&P Cryptocurrency Indices” with an ambitious goal of bringing transparency to the ever-evolving cryptocurrency market. These indices will measure the performance of certain cryptocurrencies that meet specific…