The price of Dogecoin, along with the rest of the crypto market, has gone through a turbulent time. Partly due to disappointing economic news in the last three weeks, the price changed by around €0.30. Fortunately, the tide seems to be slowly turning. Yesterday, more favorable economic news emerged from the United States. Meanwhile, traders also seem to be picking up bullish signals through technical analysis.
Macroeconomic factors
Macroeconomic factors have had a negative impact on Dogecoin's price in recent weeks. This was partly due to the lack of interest rate cuts from the American FED. In addition, a report came out last week showing that the labor market in the United States also looks rather strong at the moment. All this would encourage inflation, which in turn is bad for the crypto market.
So yesterday was an interesting day. However, when the Central Price Index (CPI) figures were announced, they were more favorable than expected. The CPI is a statistic used in the United States to measure inflation. Analysts expected this figure to be 3% compared to last year. However, this turned out to be 2.9%. A small difference, but important from an economic point of view.
The short-term rally we saw yesterday from €0.34 to €0.37 was a direct result of this. If inflation continues to decline in the coming months, interest rate cuts will follow quickly as well. That is extremely bullish for the crypto market and the price of Dogecoin.
Dogecoin stock price history
In addition to favorable macroeconomic factors, traders are currently also seeing promising technical indicators. Crypto analyst “CobraVanguard” posted his analysis on the 4-hour time frame on TradingView yesterday. As you can see below, it's all about an ascending triangle and a cup & handle pattern. Both indicators are known in the world of technical analysis as strong bullish indicators.
In addition, it is optimistic that the price has tested the lower limit several times, but has not broken through.
This analyst's expectation is that Dogecoin will end the cup & handle paradigm altogether. After that, the price of Dogecoin may break through the price level of €0.40 and rise to €0.47
What coins have broken out?
The fact that inflation in the United States is slowly falling back to the target level of 2% is very positive. The next question for traders is naturally how to profit from this. The expected increase in the price of Dogecoin in the near future is small compared to what is possible in the crypto world.
To find the most promising crypto, it is advisable to monitor the world of crypto presales. Here you will find the latest coins that are not yet available on decentralized exchanges. This means that if you are smart and choose the right coin, the result can be hundreds or thousands of percent. Below are the three most popular presales right now!
Pepe Wall Street
It is one of the first coins we should consider Pepe Wall Street. $ WEPE, as the coin is also known, breaks all records. The presale has already raised almost €50 million! But why should you invest in this coin as a trader? Because at $WEPE they do everything they can to make you rich!
The developers of this coin hate crypto whales and insiders who usually run away with the crypto loot. That's why they came up with a way to allow small traders to profit from their work. As an early adopter of $WEPE you get access to a secret community.
In this community, the developers will tell you when to buy $WEPE. They then market the coin to the outside world and the price rises as crypto whales and insiders buy. That is the time when you sell the coin for a profit, while the big traders lose more and more money! So if you want to be a part of this crazy group, the presale is your chance!
Pepe's mind
The changes that AI has created in the past year are huge. But the use of AI in the crypto world has not yet been as life-changing as expected. Brings happiness Pepe's mind that is changing! This AI bot is omniscient, which means that it is always aware of the latest trends in the crypto world.
How does $MIND know what's going on in the crypto world? Because the AI bot has access to his own X account and talks to crypto influencers and traders 24/7. Based on these observations, the bot is able to spot crypto trends before human traders see them. This way you are the first person to have an insight into the latest trends and you can quickly respond to them and earn a lot of money with it.
But that's not all, this advanced AI bot is also able to develop coins that match the observed trends. As a $MIND trader, you will then be the first to invest in these new coins. Later you will sell the coins again when slower traders see the trends you have noticed for a long time! With this AI bot you have a market researcher and a crypto developer in one.
Meme Index
Did you know that meme coins were the fastest growing coins last year? At the beginning of 2024, the coin meme market had a market capitalization of €18 billion. A year later and the size of this market has grown to €115 billion! This means that you as a trader can make a lot of money in this sector this year.
But how do you know which meme coins you should invest in? After all, there are often only a small number of coins that do well. bee Meme Index they understand this problem and have thought it's smarter if you don't have to choose at all! Instead, they have developed indexes that allow you to invest in a basket of meme coins in one go.
When you buy $MEMEX you then choose from one of four indices. For example, Titan, an index that includes $PEPE, $SHIB, and $DOGE. If these coins do well, your investment will also do well. However, if a coin does not perform well, the risk of your investment is well spread. This way you can take full advantage of the growth of the dog meme market without sleepless nights!
