Dogecoin (DOGE) Becomes Most Profitable Asset on Market with 13% Price Increase

Dogecoin (DOGE) Prices

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Categories: Cryptocurrency

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Dogecoin'slatest performance was a nice surprise for investors, as the coin successfullybroke through the resistance levels that U.Today mentioned earlier. As of now,DOGE is on its way to breaking even stronger barriers. At press time, DOGEwas approaching the 50-day exponential moving average and showing potential tobreak through as trading volumes witnessed a strong spike in the first day ofthe trading week.

The main reason behind such a strong rise of recalls likeDogecoin and Shiba Inu is the urge of investors to get exposure to the riskiestoptions on the cryptocurrency market, rather than chasing "stable" assetslike Ethereum, which remains under heavy institutional pressure.

In the last nine days, Dogecoin gained almost 50% to itsvalue, making it the second most profitable asset in the top 100 of thecryptocurrency market after STEPN's 100% weekly growth. Othertrend indicators like the Relative Strength Index suggest that DOGE entered ashort-term uptrend and has not yet faced any selling pressure on its way up.Onthe intraday chart time frame, Memecoin broke above every resistance on thechart and is now facing resistance from the 50-day EMA that it touchedonce in May. 

Dogecoin and Shiba Inu Digital Asset is on the path to becoming most profitable asset of the Markets as it increases by 13%. Dogecoin has been gaining its popularity over the time and now it has reached on important Milestone.

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