DOGE has prerequisites for growth, and bitcoin may fall to $52,000

DOGE has prerequisites for growth

Dogecoin has risen over 300% in the last 7 hours, according to Coinmarketcap as of April 20. The crypto coin costs $0.3.

As Messari analyst Ryan Watkins wrote on Twitter a few months ago, DOGE’s $50 billion capitalization level was beyond his imagination.

“DOGE is really going to $1 isn’t it?” he asked his followers.

Crypto enthusiasts are optimistic about the growth of the Dogecoin rate. One of the prerequisites for this was the news that the largest retailer of computer components and electronics Newegg has provided its customers with the opportunity to pay for goods in DOGE. The marketplace has entered into a partnership agreement with the Bitpay service, working with altcoin since March 2021.

The main cryptocurrency may continue to fall to the level of $52,000

The first crypto coin may continue to fall and reach the level of $ 52'000. This is stated in the column of NewsBTC analyst Aayush Jindal.

“If bitcoin remains stable above the $54,000 level, it could attempt an upside break. The first key resistance is near the channel trend line at $56,000,” the crypto enthusiast believes, noting that this is where a large number of sell orders are located.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store