{"id":729,"date":"2021-05-05T21:28:30","date_gmt":"2021-05-05T20:28:30","guid":{"rendered":"https:\/\/tradersofcrypto.com\/news\/?p=729"},"modified":"2021-05-05T21:30:26","modified_gmt":"2021-05-05T20:30:26","slug":"dogecoins-doge-epic-bull-run-continues-can-it-reach-1-soon","status":"publish","type":"post","link":"https:\/\/tradersofcrypto.com\/news\/dogecoins-doge-epic-bull-run-continues-can-it-reach-1-soon\/","title":{"rendered":"Dogecoin\u2019s (DOGE) Epic Bull Run Continues | Can It Reach $1 Soon?"},"content":{"rendered":"##\n<p>Can you imagine an asset seeing growth of 12,500% in just about four months? That&#8217;s exactly what has been happening with <a href=\"\/coins\/dogecoin\/\">Dogecoin (DOGE)<\/a> lately. A crypto that started merely as a joke is now the fourth biggest coin in terms of market capitalization. The price of DOGE on Jan 1<sup>st<\/sup> 2021, was around $0.005, and today its price almost touched the 70 cents mark.<\/p>\n\n\n\n<p>With a growth of just over 1000% in less than a month and +50% in the last 24 hours, Dogecoin broke its previous all-time high value. In the early hours of Wednesday, Dogecoin has reached the $0.69 mark with a market capitalization of around $85 billion. This enabled DOGE to become the 4<sup>th<\/sup> biggest crypto in the industry, just after <a href=\"\/coins\/bitcoin\/\">Bitcoin (BTC)<\/a>, <a href=\"\/coins\/ethereum\/\">Ethereum (ETH)<\/a>, and <a href=\"\/coins\/binance_coin\/\">Binance Coin (BNB)<\/a>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1046\" height=\"352\" src=\"\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.52.59-AM.png\" alt=\"\" class=\"wp-image-734\" srcset=\"https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.52.59-AM.png 1046w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.52.59-AM-300x101.png 300w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.52.59-AM-768x258.png 768w\" sizes=\"auto, (max-width: 1046px) 100vw, 1046px\" \/><\/figure>\n\n\n\n<p>To put things in perspective, Dogecoin is now more valuable than Fortune 500 companies like General Motors, Mondelez and FedEx.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"929\" height=\"500\" src=\"\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.53.14-AM-929x500.png\" alt=\"\" class=\"wp-image-735\" srcset=\"https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.53.14-AM-929x500.png 929w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.53.14-AM-300x161.png 300w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.53.14-AM-768x413.png 768w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.53.14-AM.png 1044w\" sizes=\"auto, (max-width: 929px) 100vw, 929px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Caused The Price Surge in Dogecoin?<\/strong><\/h2>\n\n\n\n<p>The significant initial push to this crypto was by the well-known billionaire, a man behind revolutionary companies like SpaceX and Tesla &#8211; Elon Musk. In a series of tweets, he made an actual attempt to pump the price DOGE, and he was pretty successful in doing so. To accompany him, Shark Tank Fame, Billionaire investor Mark Cuban announced that tickets to his basketball franchise, Dallas Mavericks, can be bought using Dogecoin. This contributed to the increase in the legitimacy of this crypto overall.<\/p>\n\n\n\n<p>The growth of Dogecoin and the interest around this crypto have come from various sources, and new exchange listings are among them. World renounced <a href=\"\/exchanges\/etoro\/\">multi-asset platform eToro<\/a> has listed Dogecoin to its existing list of cryptos. Talking about this, a spokesperson from eToro said that they have started to support DOGE as they saw a huge demand for it from their existing clients. Just a day after this, another credible exchange \u2018Gemini\u2019 announced the listing of Dogecoin on their platform.<\/p>\n\n\n\n<p>The listing of DOGE on these two exchanges exposed this crypto to over 20 million users worldwide. Experts believe that Dogecoin&#8217;s bull market would further strengthen with these listings.&nbsp; &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What\u2019s The Current Market Sentiment?<\/strong><\/h2>\n\n\n\n<p>Traders and investors have mixed feelings about the future of Doge in the upcoming days. Elon Musk, who has been pretty vocal about his love towards Dogecoin, has recently tweeted that he would host the \u2018Saturday Night Live\u2019 on May 8<sup>th<\/sup> with the tag \u2018Dogefather&#8217;. We aren&#8217;t really sure about his intentions, but we know for sure that this event could do wonders or blunders to Doge price.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Dogefather<br>SNL May 8<\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1387290679794089986?ref_src=twsrc%5Etfw\">April 28, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Talking about this upcoming event, an expert OTC trader said that this brings a pure positive interest among DOGE investors. Below are his exact words.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>I think investors are bullish about Elon Musk&#8217;s upcoming appearance on &#8216;Saturday Night Live. Absolutely.<\/p><cite><strong>Alessandro Andreotti, Over-The-Counter Trader<\/strong><\/cite><\/blockquote><\/figure>\n\n\n\n<p>However, a few Crypto experts think the Doge bubble is about to burst with this event and slump just like how Ripple (XRP) did.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Dogecoin Technical Analysis<\/strong><\/h2>\n\n\n\n<p><a href=\"\/coins\/dogecoin\/\">Dogecoin (DOGE\/USDT)<\/a> has outperformed the top two cryptos, Bitcoin and Ethereum, in terms of percentage growth. With the current market state and bullish momentum, we shouldn\u2019t be surprised if this crypto reaches the $1 market even before May 8<sup>th<\/sup>. Planning to take advantage of this price movement? You can easily buy Dogecoin on <a href=\"\/exchanges\/\">our list of reliable crypto exchanges<\/a> for the best prices.&nbsp; <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><br>DOGE\/USDT | Daily Time Frame<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"830\" height=\"500\" src=\"\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.04-AM-830x500.png\" alt=\"\" class=\"wp-image-732\" srcset=\"https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.04-AM-830x500.png 830w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.04-AM-300x181.png 300w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.04-AM-768x463.png 768w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.04-AM.png 1072w\" sizes=\"auto, (max-width: 830px) 100vw, 830px\" \/><\/figure>\n\n\n\n<p>We can see the formation of the &#8216;Three White Soldiers&#8217; candlestick pattern on the daily timeframe. This indicates a clear buy trend, and the presence of sellers is almost nullified. The price is currently at around $0.6277, and the nearest round-number resistance on the daily timeframe is $0.7500. In case of any adverse selling pressure, the price could take support from its daily and weekly support areas at $0.3673 and $0.2433, respectively. However, it is very unlikely for this to happen.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>DOGE\/USDT | 4-hour Time Frame<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"799\" height=\"500\" src=\"\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.14-AM-799x500.png\" alt=\"\" class=\"wp-image-731\" srcset=\"https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.14-AM-799x500.png 799w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.14-AM-300x188.png 300w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.14-AM-768x481.png 768w, https:\/\/tradersofcrypto.com\/news\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-06-at-1.51.14-AM.png 1070w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/figure>\n\n\n\n<p>On the 4-hour timeframe, the resistance level could be the current all-time high value of the Dogecoin. The support levels are $0.5106, $0.03673 and $0.2433 on the 4-hour, Daily and Weekly timeframes. The 10-period moving average is still under the price action, indicating a bullish trend. Also, the price could take immediate support from the $0.51 level before shooting up to the north.<\/p>\n\n\n\n<p>For now, DOGE traders and investors are keenly looking for the most anticipated event on May 8<sup>th<\/sup>. Hoping to see more great things happening for Doge shortly. Cheers.&nbsp; &nbsp;<\/p>\n##","protected":false},"excerpt":{"rendered":"<p>Dogecoin has seen a year-to-date growth of about 12,500%. A crypto that started merely as a joke is now the fourth biggest coin in terms of market cap. Let&#8217;s discuss the Technical Analysis of Doge and other related aspects in this article.  <\/p>\n","protected":false},"author":5,"featured_media":730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[175,169,11,132,174,7],"class_list":["post-729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-buy-doge","tag-crypto","tag-cryptocurrency","tag-doge","tag-doge-usdt","tag-dogecoin","entry"],"_links":{"self":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/comments?post=729"}],"version-history":[{"count":0,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media\/730"}],"wp:attachment":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media?parent=729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/categories?post=729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/tags?post=729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}