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Bitcoin Bitcoin (BTC) $118,930.36 ↑ 0.82%
Ethereum Ethereum (ETH) $3,886.70 ↑ 1.96%
XRP XRP (XRP) $3.24 ↑ 2.05%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.05%
BNB BNB (BNB) $855.07 ↑ 7.58%
Solana Solana (SOL) $192.66 ↑ 3.59%
USDC USDC (USDC) $1.00 ↓ -0.03%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.74%
TRON TRON (TRX) $0.33 ↑ 1.16%
Cardano Cardano (ADA) $0.83 ↑ 1.32%
Hyperliquid Hyperliquid (HYPE) $44.33 ↑ 3.59%
Sui Sui (SUI) $4.24 ↓ -1.63%
Stellar Stellar (XLM) $0.44 ↑ 0.74%
Chainlink Chainlink (LINK) $19.05 ↑ 1.85%
Hedera Hedera (HBAR) $0.28 ↓ -0.15%
Bitcoin Cash Bitcoin Cash (BCH) $584.72 ↓ -2.54%
Avalanche Avalanche (AVAX) $27.23 ↑ 9.51%
Litecoin Litecoin (LTC) $113.46 ↑ 0.37%
Toncoin Toncoin (TON) $3.39 ↑ 2.41%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.47%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.07%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.04%
Uniswap Uniswap (UNI) $10.96 ↑ 2.77%
Polkadot Polkadot (DOT) $4.23 ↑ 1.95%
Monero Monero (XMR) $325.18 ↑ 0.07%
Bitget Token Bitget Token (BGB) $4.70 ↑ 2.20%
Pepe Pepe (PEPE) $0.00 ↑ 2.82%
Dai Dai (DAI) $1.00 ↑ 0.01%
Cronos Cronos (CRO) $0.15 ↑ 5.93%
Aave Aave (AAVE) $303.62 ↑ 2.68%
Ethena Ethena (ENA) $0.68 ↑ 9.22%
Bittensor Bittensor (TAO) $432.35 ↑ 1.27%
NEAR Protocol NEAR Protocol (NEAR) $2.96 ↑ 2.44%
Ethereum Classic Ethereum Classic (ETC) $22.88 ↑ 0.26%
Pi Pi (PI) $0.45 ↑ 1.27%
Ondo Ondo (ONDO) $1.06 ↑ 1.37%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.66%
Aptos Aptos (APT) $4.92 ↑ 2.52%
OKB OKB (OKB) $49.10 ↑ 1.93%
Bonk Bonk (BONK) $0.00 ↑ 6.96%
Mantle Mantle (MNT) $0.82 ↑ 0.06%
Kaspa Kaspa (KAS) $0.10 ↓ -1.23%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.81%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.26%
Algorand Algorand (ALGO) $0.28 ↑ 0.70%
Arbitrum Arbitrum (ARB) $0.47 ↑ 4.57%
Render Render (RENDER) $4.37 ↑ 2.60%
VeChain VeChain (VET) $0.03 ↑ 1.74%
GateToken GateToken (GT) $18.21 ↑ 2.28%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.22 ↑ 4.52%
SPX6900 SPX6900 (SPX) $2.26 ↑ 12.31%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.32 ↑ 1.83%
Sky Sky (SKY) $0.10 ↑ 1.86%
Sei Sei (SEI) $0.34 ↑ 1.68%
Cosmos Cosmos (ATOM) $4.88 ↑ 1.98%
Filecoin Filecoin (FIL) $2.77 ↑ 3.22%
Jupiter Jupiter (JUP) $0.61 ↑ 4.82%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.76 ↑ 4.11%
Flare Flare (FLR) $0.02 ↑ 2.12%
Story Story (IP) $5.62 ↑ 2.92%
Injective Injective (INJ) $15.91 ↑ 5.01%
Quant Quant (QNT) $128.56 ↑ 1.20%
XDC Network XDC Network (XDC) $0.09 ↑ 2.91%
Celestia Celestia (TIA) $2.05 ↑ 4.03%
KuCoin Token KuCoin Token (KCS) $11.55 ↑ 0.33%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Optimism Optimism (OP) $0.82 ↑ 13.18%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.81%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -4.00%
Stacks Stacks (STX) $0.85 ↑ 4.26%
Four Four (FORM) $3.49 ↑ 0.70%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.83%
dogwifhat dogwifhat (WIF) $1.15 ↑ 6.74%
Immutable Immutable (IMX) $0.60 ↑ 2.86%
Ethereum Name Service Ethereum Name Service (ENS) $30.44 ↓ -0.60%
PancakeSwap PancakeSwap (CAKE) $3.21 ↑ 15.11%
The Graph The Graph (GRT) $0.11 ↑ 3.52%
Lido DAO Lido DAO (LDO) $1.17 ↑ 6.45%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.06%
Kaia Kaia (KAIA) $0.17 ↑ 1.65%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 2.62%
Sonic Sonic (S) $0.34 ↑ 2.49%
Conflux Conflux (CFX) $0.19 ↑ 2.95%
Tezos Tezos (XTZ) $0.90 ↑ 2.31%
PAX Gold PAX Gold (PAXG) $3,334.78 ↓ -0.69%
Theta Network Theta Network (THETA) $0.93 ↑ 4.16%
Vaulta Vaulta (A) $0.58 ↑ 0.55%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.04%
Raydium Raydium (RAY) $3.36 ↑ 9.98%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.83%
IOTA IOTA (IOTA) $0.22 ↑ 1.09%
Nexo Nexo (NEXO) $1.32 ↑ 0.80%
Gala Gala (GALA) $0.02 ↑ 3.85%
Tether Gold Tether Gold (XAUt) $3,336.45 ↓ -0.36%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.71%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.93%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.25%
Pendle Pendle (PENDLE) $4.68 ↑ 6.67%
Jito Jito (JTO) $2.08 ↑ 3.97%
Bitcoin Bitcoin (BTC) $118,930.36 ↑ 0.82%
Ethereum Ethereum (ETH) $3,886.70 ↑ 1.96%
XRP XRP (XRP) $3.24 ↑ 2.05%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.05%
BNB BNB (BNB) $855.07 ↑ 7.58%
Solana Solana (SOL) $192.66 ↑ 3.59%
USDC USDC (USDC) $1.00 ↓ -0.03%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 2.74%
TRON TRON (TRX) $0.33 ↑ 1.16%
Cardano Cardano (ADA) $0.83 ↑ 1.32%
Hyperliquid Hyperliquid (HYPE) $44.33 ↑ 3.59%
Sui Sui (SUI) $4.24 ↓ -1.63%
Stellar Stellar (XLM) $0.44 ↑ 0.74%
Chainlink Chainlink (LINK) $19.05 ↑ 1.85%
Hedera Hedera (HBAR) $0.28 ↓ -0.15%
Bitcoin Cash Bitcoin Cash (BCH) $584.72 ↓ -2.54%
Avalanche Avalanche (AVAX) $27.23 ↑ 9.51%
Litecoin Litecoin (LTC) $113.46 ↑ 0.37%
Toncoin Toncoin (TON) $3.39 ↑ 2.41%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.47%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.07%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.04%
Uniswap Uniswap (UNI) $10.96 ↑ 2.77%
Polkadot Polkadot (DOT) $4.23 ↑ 1.95%
Monero Monero (XMR) $325.18 ↑ 0.07%
Bitget Token Bitget Token (BGB) $4.70 ↑ 2.20%
Pepe Pepe (PEPE) $0.00 ↑ 2.82%
Dai Dai (DAI) $1.00 ↑ 0.01%
Cronos Cronos (CRO) $0.15 ↑ 5.93%
Aave Aave (AAVE) $303.62 ↑ 2.68%
Ethena Ethena (ENA) $0.68 ↑ 9.22%
Bittensor Bittensor (TAO) $432.35 ↑ 1.27%
NEAR Protocol NEAR Protocol (NEAR) $2.96 ↑ 2.44%
Ethereum Classic Ethereum Classic (ETC) $22.88 ↑ 0.26%
Pi Pi (PI) $0.45 ↑ 1.27%
Ondo Ondo (ONDO) $1.06 ↑ 1.37%
Internet Computer Internet Computer (ICP) $5.88 ↑ 3.66%
Aptos Aptos (APT) $4.92 ↑ 2.52%
OKB OKB (OKB) $49.10 ↑ 1.93%
Bonk Bonk (BONK) $0.00 ↑ 6.96%
Mantle Mantle (MNT) $0.82 ↑ 0.06%
Kaspa Kaspa (KAS) $0.10 ↓ -1.23%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -0.81%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.26%
Algorand Algorand (ALGO) $0.28 ↑ 0.70%
Arbitrum Arbitrum (ARB) $0.47 ↑ 4.57%
Render Render (RENDER) $4.37 ↑ 2.60%
VeChain VeChain (VET) $0.03 ↑ 1.74%
GateToken GateToken (GT) $18.21 ↑ 2.28%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.02%
Worldcoin Worldcoin (WLD) $1.22 ↑ 4.52%
SPX6900 SPX6900 (SPX) $2.26 ↑ 12.31%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.32 ↑ 1.83%
Sky Sky (SKY) $0.10 ↑ 1.86%
Sei Sei (SEI) $0.34 ↑ 1.68%
Cosmos Cosmos (ATOM) $4.88 ↑ 1.98%
Filecoin Filecoin (FIL) $2.77 ↑ 3.22%
Jupiter Jupiter (JUP) $0.61 ↑ 4.82%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.76 ↑ 4.11%
Flare Flare (FLR) $0.02 ↑ 2.12%
Story Story (IP) $5.62 ↑ 2.92%
Injective Injective (INJ) $15.91 ↑ 5.01%
Quant Quant (QNT) $128.56 ↑ 1.20%
XDC Network XDC Network (XDC) $0.09 ↑ 2.91%
Celestia Celestia (TIA) $2.05 ↑ 4.03%
KuCoin Token KuCoin Token (KCS) $11.55 ↑ 0.33%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
Optimism Optimism (OP) $0.82 ↑ 13.18%
Fartcoin Fartcoin (FARTCOIN) $1.39 ↑ 4.81%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↓ -4.00%
Stacks Stacks (STX) $0.85 ↑ 4.26%
Four Four (FORM) $3.49 ↑ 0.70%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.83%
dogwifhat dogwifhat (WIF) $1.15 ↑ 6.74%
Immutable Immutable (IMX) $0.60 ↑ 2.86%
Ethereum Name Service Ethereum Name Service (ENS) $30.44 ↓ -0.60%
PancakeSwap PancakeSwap (CAKE) $3.21 ↑ 15.11%
The Graph The Graph (GRT) $0.11 ↑ 3.52%
Lido DAO Lido DAO (LDO) $1.17 ↑ 6.45%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 0.06%
Kaia Kaia (KAIA) $0.17 ↑ 1.65%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 2.62%
Sonic Sonic (S) $0.34 ↑ 2.49%
Conflux Conflux (CFX) $0.19 ↑ 2.95%
Tezos Tezos (XTZ) $0.90 ↑ 2.31%
PAX Gold PAX Gold (PAXG) $3,334.78 ↓ -0.69%
Theta Network Theta Network (THETA) $0.93 ↑ 4.16%
Vaulta Vaulta (A) $0.58 ↑ 0.55%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.04%
Raydium Raydium (RAY) $3.36 ↑ 9.98%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 1.83%
IOTA IOTA (IOTA) $0.22 ↑ 1.09%
Nexo Nexo (NEXO) $1.32 ↑ 0.80%
Gala Gala (GALA) $0.02 ↑ 3.85%
Tether Gold Tether Gold (XAUt) $3,336.45 ↓ -0.36%
The Sandbox The Sandbox (SAND) $0.32 ↑ 0.71%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 5.93%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.25%
Pendle Pendle (PENDLE) $4.68 ↑ 6.67%
Jito Jito (JTO) $2.08 ↑ 3.97%
Home Cryptocurrency

Bitcoin Crosses $71,000 While Dogecoin Surges: The ‘Dogefather’ Effect in Action

David Moore by David Moore
29 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
Dogecoin showcasing its recent rise in the cryptocurrency market. Display the Dogecoin symbol prominently with a background o

As Bitcoin nears $71,000, excitement in the crypto market is palpable, with Dogecoin taking the spotlight thanks to recent comments from Elon Musk. The DOGE price has jumped 15.3%, reaching $0.1649, hinting at a potential short-term rally.

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Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Bitwise CIO Says Bitcoin Rally Coming in 2026, Halving Cycle No Longer Relevant
    • Inside CZ’s $76 Billion BNB Empire: What’s Behind the Explosive Price Climb?
  • Dogecoin Captures Attention Amid Bitcoin’s Rally
  • Dogecoin Approaches Yearly High in 2024
  • Technical Analysis Points to Bullish Momentum for Dogecoin
  • Could Dogecoin Hit $0.20?

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Dogecoin Captures Attention Amid Bitcoin’s Rally

As Bitcoin surges close to $71,000, Dogecoin has gained notable momentum, fueled by Musk’s recent announcement about his “Department of Government Efficiency” plan. Known as the “Dogefather,” Musk’s comments have reignited hopes for another Dogecoin bull run similar to the 2020-2021 period. This new wave of optimism has led many to wonder if DOGE could climb even higher.

Dogecoin Approaches Yearly High in 2024

Dogecoin has increased by 15.3%, reaching $0.1649. Over the past 24 hours, DOGE has traded between $0.1423 and $0.169, generating a 24-hour trading volume of $4.49 billion. With a market cap of $24.16 billion, Dogecoin’s circulation includes 146.54 billion tokens, attracting considerable investor interest. Its high trading volume and rising price suggest growing momentum, potentially signaling a sustained short-term uptrend.

chart14 1

Breaking above its recent triangle formation’s resistance line, DOGE has gained attention, posting a 28.87% increase over the past month—making it one of the top-performing major crypto assets this year.

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Technical Analysis Points to Bullish Momentum for Dogecoin

Technical indicators on DOGE’s daily chart signal bullish sentiment. The “golden cross” formation between the 50 and 200-day exponential moving averages is a strong upward indicator. The Relative Strength Index (RSI) also shows strong buying demand, indicating further upside potential.

Could Dogecoin Hit $0.20?

Should DOGE maintain support above $0.155, it could advance toward the $0.182 level, with potential resistance along the way. Continued buyer interest may push DOGE to test the $0.20 threshold. Conversely, increased selling pressure could drive Dogecoin back to $0.155 and potentially $0.127.

With the U.S. presidential election season approaching, market volatility is expected, especially with Musk’s Dogecoin-related comments adding fuel to DOGE’s momentum. Investors are closely watching these developments as Dogecoin’s popularity grows.

Tags: bitcoindogecoinelon muskwhile
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David Moore

David Moore

I am a writer/editor and aspiring author with a high level of editing, writing, communication, leadership and research skills. I possess the proven ability to copy edit, write, fact check, format, calculate and verify numbers/percentages, interview people, perform research, teach and produce something meaningful from scratch. I've worked in various industries and in a number of team environments, including in support roles. In addition to my identity as a financier, I have had the opportunity to write editorial in other sectors throughout my life. Without saying no to these demands, I tried to expand my range and go beyond the field of finance. I have experience editing academic course material, financial services/investment copy, valuation/appraisal content, packaging/caution language and marketing/promotional material. I was on the basketball team when I was in college, but after I got injured, I continued to support the coach and my teammates. I learned leadership skills and continued to coach basketball teams. I've managed young people, and excelled in a number of office cultures. I’m currently working as a Financial Editor for different digital news channels, with contents about personal finance management and cryptocurrencies. economy

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