Crypto Market Review: Almost all volatile assets on the market, including $SHIB, $FT and $DOGE, are struggling after correction begins
failed to break through the upper border of the pattern and has reversed down since then. The descending triangle pattern often signals a continuation of the current trend, which in this case is bearish. If the price of Dogecoin falls below the support level, it would confirm the pattern and may result in a significant decline.
Despite its popularity and widespread adoption, Dogecoin is still a highly speculative and volatile asset. Its value is largely driven by market sentiment and hype, rather than any underlying fundamentals. This makes it vulnerable to rapid price swings, both to the upside and the downside.The only fuel for DOGE's growth recently was Elon Musk's desire to implement crypto payments on Twitter, which would have pushed the adoption of the meme asset further.
This statement sparked a heated debate in the crypto community, as many believe that the integration of AI and blockchain has the potential to revolutionize various industries. On the other hand, some agree with Cronje's view that the slow and limited nature of blockchain technology does indeed limit the potential for AI to operate at full capacity.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Crypto Mom’ Hester Peirce: SEC ‘Disappoints’ When It Comes to Crypto“We just haven't made progress in the five years I've been here,' Crypto Mom Hester Peirce told Rob_Stevens_ in the run up to Consensus2023.
Read more »
Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearingThe U.S. Senate Banking Committee has announced three witnesses for its Feb. 14 hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’.
Read more »
Proposed Israeli law to classify crypto as securities will hurt the industry, says crypto execIsrael's regulators proposed classifying crypto as securities, but what would be the impact on the industry? According to Altshuler Shaham Horizon's CEO “you cannot classify all the digital assets as securities because it will kill the industry.”
Read more »
Is Michael Saylor Finally Interested in Ethereum (ETH)?Learn how Saylor's 'interest' in Ethereum may be just another fake on crypto market
Read more »
Shiba Inu (SHIB) Forms Strongest Divergence in Asset's History: It May Lead to ThisCrypto Market Review: $SHIB shows strong divergence between the price and the RSI, while $ETH shows two-year high in OI
Read more »
As Bitcoin nears $25K, questions about rally’s sustainability remainIs negative news still bogging the industry down? What does that mean for Bitcoin?
Read more »