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Dogecoin (DOGE), Elon Musk\u2019s favorite dog meme coin, has spiked by 15%.\u00a0 Monday was phenomenal for Dogecoin as it surged by more than 16% and the meme coin is just warming up.<\/span><\/p>\n

And it\u2019s not just Dogecoin that\u2019s enjoying the bullish movement because other dog meme coins like Shiba Inu have had explosive growth felt over the weekend with the upcoming Ethereum network upgrade.<\/span><\/p>\n

$\"\"$ <\/div>\n

Chart from TradingView.com<\/a><\/pre>\nRelated Reading: Polygon Seen Breaching $1 This Week \u2013 Can MATIC Start An Uptrend?<\/a><\/div>\nDogecoin To Breach Key Resistance At $0.087<\/b><\/h2>\nAccording to<\/span> CoinMarketCap<\/span><\/a>, DOGE price has plunged by 4.08% or trading at 0.0829 as of this writing.<\/span><\/p>\n
At this point, DOGE\u2019s goal is to breach the key resistance level of $0.087. If Dogecoin can successfully breach this barrier and fix its hold on the price, then the coin may see unprecedented growth in the coming days.<\/span><\/p>\n
There is some buzz going on that refers to DOGE\u2019s growth as fake and artificial because it\u2019s linked to the upcoming launch of the layer 2 Ethereum. <\/span><\/p>\n
But, traders are warned to be cautious with fake projects or initiatives may not be what it looks like. <\/span><\/p>\n
One frightening fact is that there are many scams online that link themselves to Dogecoin for that clout effect. <\/span><\/p>\n
Dogecoin\u2019s growth was precipitated by market optimism.<\/span><\/p>\n
There was some point in time, wherein the Dogecoin developers and community announced warnings to inform everyone to steer clear of chains that have the prefix DOGE. <\/span><\/p>\n
Now, if the growth of DOGE is brought about by these fake projects then it would be easy to assume that Dogecoin\u2019s growth is purely artificial because it uses popular influencers to promote the fakery in the effort to mislead users.<\/span><\/p>\n
Investors Awaiting DOGE\u2019s Ethereum Merge<\/b><\/h2>\nInvestors are now awaiting entry and positioned themselves just in time for DOGE\u2019s merge with Ethereum. <\/span><\/p>\n
This software upgrade is bound to happen in September 2022 which aims to transform Ethereum from proof-of-work to proof-of-stake mechanism.<\/span><\/p>\n
Hayden Hughes, Alpha Impact CEO, is confident that retail investors have renewed confidence with DOGE which will impact not just DOGE but also SHIB and DOGE.<\/span><\/p>\n
Both DOGE and SHIB made a breach over the weekend indicating the revival of investor confidence.<\/span><\/p>\n
However, Cici Lu, CEO of Venn Link Partners, warned that traders be careful with meme coins because it lacks utilitarian and market value compared to Ethereum and Bitcoin.<\/span><\/p>\n
Judging by DOGE\u2019s technical outlook, Dogecoin price made a pullback coming from $0.0847 which may be long-term. <\/span><\/p>\n
More so, the 100-day SMA is set in motion to avoid DOGE from weakening or pushing below the coin\u2019s primary support spotted at $0.0700. With relatively little push, the DOGE price may soar to more than $0.1000.<\/span><\/p>\nRelated Reading: XRP Sluggish At Resistance \u2013 Will It Break Out After 2 Months Of Vertigo?<\/a><\/div>\n<\/p>\nDOGE total market cap at $10.7 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Analytics Insight, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"Dogecoin (DOGE) goes straight to weekly gains of 11.4% following an intraday movement hovering towards $0.0847. Dogecoin jumps 15% in a matter of 24 hours Rallies amid the upcoming merge with Ethereum Growth fueled by ‘fake projects’ Dogecoin (DOGE), Elon Musk\u2019s favorite dog meme coin, has spiked by 15%.\u00a0 Monday was phenomenal for Dogecoin as it surged by more than 16% and the meme coin is just warming up. And it\u2019s not just Dogecoin that\u2019s enjoying the bullish movement because other dog meme coins like Shiba Inu have had explosive growth felt over the weekend with the upcoming Ethereum network upgrade. Chart from TradingView.com Related Reading: Polygon Seen Breaching $1 This Week \u2013 Can MATIC Start An Uptrend? Dogecoin To Breach Key Resistance At $0.087 According to CoinMarketCap, DOGE price has plunged by 4.08% or trading at 0.0829 as of this writing. At this point, DOGE\u2019s goal is to breach the key resistance level of $0.087. If Dogecoin can successfully breach this barrier and fix its hold on the price, then the coin may see unprecedented growth in the coming days. There is some buzz going on that refers to DOGE\u2019s growth as fake and artificial because it\u2019s linked to the upcoming launch of the layer 2 Ethereum. But, traders are warned to be cautious with fake projects or initiatives may not be what it looks like. One frightening fact is that there are many scams online that link themselves to Dogecoin for that clout effect. Dogecoin\u2019s growth was precipitated by market optimism. There was some point in time, wherein the Dogecoin developers and community announced warnings to inform everyone to steer clear of chains that have the prefix DOGE. Now, if the growth of DOGE is brought about by these fake projects then it would be easy to assume that Dogecoin\u2019s growth is purely artificial because it uses popular influencers to promote the fakery in the effort to mislead users. Investors Awaiting DOGE\u2019s Ethereum Merge Investors are now awaiting entry and positioned themselves just in time for DOGE\u2019s merge with Ethereum. This software upgrade is bound to happen in September 2022 which aims to transform Ethereum from proof-of-work to proof-of-stake mechanism. Hayden Hughes, Alpha Impact CEO, is confident that retail investors have renewed confidence with DOGE which will impact not just DOGE but also SHIB and DOGE. Both DOGE and SHIB made a breach over the weekend indicating the revival of investor confidence. However, Cici Lu, CEO of Venn Link Partners, warned that traders be careful with meme coins because it lacks utilitarian and market value compared to Ethereum and Bitcoin. Judging by DOGE\u2019s technical outlook, Dogecoin price made a pullback coming from $0.0847 which may be long-term. More so, the 100-day SMA is set in motion to avoid DOGE from weakening or pushing below the coin\u2019s primary support spotted at $0.0700. With relatively little push, the DOGE price may soar to more than $0.1000. Related Reading: XRP Sluggish At Resistance \u2013 Will It Break Out After 2 Months Of Vertigo? DOGE total market cap at $10.7 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":499059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83685],"tags":[1144,1785,85675,7,79599,65296,8686],"class_list":["post-499056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-dogecoin","tag-btcusd","tag-doge","tag-doge-price","tag-dogecoin","tag-dogeusd","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\nDogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) goes straight to weekly gains of 11.4% following an intraday movement hovering towards $0.0847. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level","url":"http:\/\/uniquehot.com\/news\/dogecoin-jumps-15-in-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin-jumps-15-in-24-hours\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Dogecoin-2.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Dogecoin-2.png?fit=825%2C463"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","doge","doge price","dogecoin","dogeusd","ethbtc","ethusd"],"dateCreated":"2022-08-17T21:00:50Z","datePublished":"2022-08-17T21:00:50Z","dateModified":"2022-08-17T21:00:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-jumps-15-in-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-jumps-15-in-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Dogecoin-2.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Dogecoin-2.png?fit=825%2C463\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"doge\",\"doge price\",\"dogecoin\",\"dogeusd\",\"ethbtc\",\"ethusd\"],\"dateCreated\":\"2022-08-17T21:00:50Z\",\"datePublished\":\"2022-08-17T21:00:50Z\",\"dateModified\":\"2022-08-17T21:00:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Dogecoin-2.png?fit=825%2C463","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/499056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=499056"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/499056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/499059"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=499056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=499056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=499056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}