Dogecoin Price Prediction: Meme Coin Leader DOGE Tumbles 10% As This Vote-To-Earn Presale Zooms Past $1.2 Million

The
Dogecoin
price
plunged
10%
in
the
last
24
hours
to
trade
at

$0.156
as
of
3.30
a.m.
EST
on
trading
volume
that
plummeted
11%
to
$116.63
million.

The
DOGE
price
has
been
fairly
sluggish
throughout
the
summer
compared
to
other
major
meme
coins
by
market
cap.
However,
the
oldest
meme
coin
made
up
for
it
with
a
significant
price
surge
during
the
second
half
of
October,
going
from
a
support
at
$0.10
to
a
resistance
at
$0.18.

Now,
however,
with
October,
historically
one
of
the
crypto
industry’s
most
profitable
months,
being
over,
the
coin
suddenly
lost
its
momentum
and
its
price
started
tumbling
back
down.
DOGE
is
already
closing
in
on
$0.150,
which
is
a
level
that
acted
as
a
major
resistance
during
the
past
two
weeks.

If
the
bearish
pressure
continues
to
grow,
DOGE
might
break
this
resistance-turned-support
in
the
next
few
hours.
Alternatively,
if
the
level
holds
until
the
bulls
return,
DOGE
will
likely
use
it
as
a
foothold
to
launch
its
recovery.

Dogecoin
Price
Prediction

The
Dogecoin
price
is
spiraling
down
and
approaching
a
key
support
which
may
or
may
not
stop
it
from
descending
further.
For
the
moment
however,
there
is
a
reason
to
expect
that
DOGE
and
the
other
meme
coins
might
bounce
back
up
in
the
hours
to
come.

The
project’s
Bollinger
bands
have
remained
consistently
wide
over
the
last
24
hours,
even
though
the
price
fluctuated
between
the
lower
band
and
the
neutral
area
for
most
of
that
time.
Now
with
the
major
support
approaching,
DOGE
might
use
it
to
start
a
recovery,
which
could
send
its
price
back
up
to
the
upper
band.

Another
reason
to
expect
a
recovery
is
that
the
coin
is
both
undervalued
and
oversold
after
the
correction
seen
in
the
last
day.
The
project’s
Relative
Strength
Index
(RSI)
value
has
been
fluctuating
between
the
oversold
area
and
the
neutral
zone,
similarly
to
the
price’s
performance
when
it
comes
to
the
lower
band
and
the
middle
area
between
the
two
bands.

As
for
the
RSI
value,
it
just
dropped
under
the
value
of
30,
which
is
a
line
that,
now
that
it
was
crossed,
might
mark
the
start
of
a
new
price
surge.
Dogecoin
recovery
is
also
expected
as
this
is
typically
what
happens
after
a
sharp
drop.

Traders
often
rush
in
to
buy
the
dip,
causing
the
price
to
surge
back
up
as
a
result.
However,
with
the
highly
volatile
start
of
the
new
month,
DOGE
might
be
a
risky
purchase
for
many
right
now.
It
does
offer
a
potential
to
make
quick
earnings
if
you
play
your
cards
right,
but
it
also
represents
a
big
risk
to
buy
at
the
wrong
moment
and
lose
the
value
of
your
investment
if
the
trend
takes
another
negative
turn.

Promising
Alternative
To
Dogecoin

With
Dogecoin
and
many
of
its
peers
among
the
top-ranking
meme
coins
falling,
traders
might
consider
presales
that
are
sheltered
from
market
forces.

One
such
crypto
that’s
gaining
a
lot
of
attention
right
now
is

Flockerz
(FLOCK),
which
has
blasted
past
$1.2
million
in
funds
raised.

Flockerz
is
a
project
that
focuses
on
community
and
working
together
to
achieve
a
common
goal.
It
is
still
a
meme
coin,
but
it
is
also
a
highly
innovative
project
that
has
invented
a
new
model
meant
to
incentivize
its
token
holders
to
join
the
governance
process
on
a
regular
basis.

Flockerz
created
a
Vote-To-Earn
(V2E)
model
which
rewards
FLOCK
token
holders
with
more
FLOCK
each
time
when
they
vote
on
one
of
the
decisions
that
need
to
be
made.
That
way,
it
ensures
that
the
community
will
use
their
right
to
vote,
and
maintain
high
levels
of
decentralization.

It
is
a
simple
but
effective
solution
to
a
problem
that
many
other
projects
have
experienced,
where
their
token
holders
lose
interest
in
participating
in
the
project
governance,
resulting
in
projects
becoming
more
centralized.

Now,
not
only
do
the
users
have
an
incentive
to
vote,
but
the
more
they
do,
the
better
the
project
becomes.

Crypto
analyst
ClayBro,
a
YouTuber
with
over
130k
subscribers,
believes
that
this
gives
Flockerz
a
major
advantage
and
that
the
project
has
the
potential
to
see
20x
gains
after
launch.

FLOCK
is
selling
for
only
$0.0059098
right
now,
and
can
be
bought
with
USDT,
BNB,
ETH,
or
a
credit/debit
card.

Just
don’t
wait
too
long
as
the
project’s
token
will
see
its
next
price
increase
in
less
than
2
days.

Visit
FLOCK
here.

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