Dogecoin Price Prediction: DOGE Pumps 4% As This New SHIB P2E Meme Coin Blasts Past $500k

The
Dogecoin
price
pumped
4%
in
the
past
24
hours
to
trade
at

$0.1089
as
of
4.50
a.m.
EST
on
trading
volume
that
jumped
14%
to
$846
million.

The
recovery
in
the
DOGE
price
comes
after
a
similar
surge
over
the
weekend,
which
followed
a
sharp
drop
last
week.

DOGE
also
posted
on
its
X
account
for
the
first
time
since
May,
highlighting
a
recent
article
that
shows
its
practical
uses
as
a
means
of
exchange
for
everyday
people.

According
to
the
project,
its
purpose
is
to
be
a
simple
means
of
exchange
rather
than
one
revolving
around
chasing
gains.

While
many
crypto
projects
chase
gains,
Dogecoin’s
purpose
is
to
be
a
simple
means
of
exchange
for
everyday
people.
Shibes
around
the
world
are
putting
Doge
to
real
use.

https://t.co/xUgGDVbnFY

—
Dogecoin
(@dogecoin)

July
8,
2024

Dogecoin
Price
Prediction

After
the
price
drop
seen
last
week,
dogecoin
price
saw
a
strong
recovery
on
Friday,
which
took
it
up
to
$0.114
by
late
Saturday.
However,
the
price
corrected
to
$0.10
in
the
following
24
hours,
only
to
start
another
surge
in
the
early
hours
of
Monday,
July
8.

Right
now,
the
meme
coin’s
technical
indicators
are
showing
extremely
positive
performance,
all
but
urging
traders
to
join
the
bull
run
and
buy.
However,
like
all
sharp
surges,
this
one
is
also
likely
to
lose
its
momentum,
probably
in
the
very
near
future.

The
project’s
Bollinger
bands
have
seen
massive
widening,
with
the
price
continuously
pushing
the
upper
band
further
and
further
up.

Meanwhile,
the
DOGE
Relative
Strength
Index
(RSI)
value
has
skyrocketed
to
79.77
as
of
the
time
of
writing,
showing
that
traders
are
massively
buying
right
now,
which
is
what
is
pushing
the
price
back
up.

With
that
said,
those
who
make
their
trading
decisions
based
on
this
indicator
might
decide
very
soon
that
it
is
time
to
cash
out,
which
could
disrupt
the
surge
and
lead
to
a
new
correction.
In
other
words,
a
similar
scenario
to
what
was
seen
this
Sunday
could
happen
again,
especially
with
DOGE
once
again
approaching
the
resistance
at
$0.12
which
rejected
its
price
about
24
hours
ago.

Of
course,
it
is
possible
that
the
surge
could
continue
if
the
new
rally
ends
up
being
strong
enough
and
widespread
enough
to
remove
such
concerns
from
the
traders
or
overwhelm
those
who
decide
to
take
profit
with
new
buyers
who
will
continue
the
pump.

Right
now,
it
is
difficult
to
say
more
with
a
higher
degree
of
certainty,
and
DOGE’s
encounter
with
the
resistance
at
$0.12
will
show
what
will
happen
next.

Promising
Alternatives
to
Dogecoin

With
the
potential
to
lead
to
another
correction
soon,
the
DOGE
price
pump
has
made
buying
the
coin
now
a
relatively
risky
move.
However,
there
are
alternatives
for
those
who
wish
to
play
it
safe,
such
as
the
meme
coin
sector’s
newest
high-potential
ICO,

Shiba
Shootout
(SHIBASHOOT).

This
is
a
brand-new
project
that
only
launched
its
presale
last
week,
meaning
that
its
ICO
is
still
in
its
very
early
stages.
Even
so,
it
has
already
managed
to
raise
over
$570k.

As
the
name
suggests,
Shiba
Shootout
is
a
dog-based
meme
coin
developed
for
Ethereum
and
Binance
Smart
Chain.
It
combines
the
Doge
meme
with
a
Wild
West
atmosphere
in
order
to
explore
the
new
frontier,
which
is
the
current
meme
coin
sector.

It
introduces
characters
including
Marshal
Shiba
and
Shiba
Sharpshooters,
as
well
as
a
location
—
the
town
of
Shiba
Gulch,
a
bustling
digital
settlement
where
Shiba
enthusiasts
gather
to
participate
in
challenges,
share
memes,
and
immerse
themselves
in
the
excitement
of
the
Shootout.

The
token
has
plenty
of
utility
ideas,
including
staking,
and
it
aims
to
stand
as
a
testament
to
innovation,
creativity,
and
the
spirit
of
the
Wild
West.

Shiba
Shootout
has
already
attracted
the
attention
of
a
major
crypto
YouTuber,
ClayBro,
who
has
over
130k
subscribers.
The
expert
believes
that
the
project
could
offer
as
much
as
20x
in
returns
after
launch.

SHIBASHOOT
tokens
sell
for
$0.0195
apiece,
and
this
will
remain
the
case
for
almost
six
days,
after
which
the
price
will
increase.
In
other
words,
you
have
until
the
end
of
the
week
to
secure
SHIBASHOOT
at
the
best
price
using
ETH,
BNB,
USDT,
or
credit/debit
cards.

Visit
the
official
SHIBSHOOT
website.

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