Crypto

Dogecoin just hit $0.40 cents! Is it a Buy now?

Meme coin doge recently soared to $0.40 proving all of those fundamental investors wrong. This was truly unexpected and inevitable. Dogecoin seems outrageous today. Looks like it ain’t going to stop today. Believe it or not, but soon this will hit the $1 target by end of this month.

Dogecoin has undoubtedly shocked everyone and held its position in the hall of fame in the world of crypto. Hold on! Doge is yet to outperform the cryptocurrencies such as Bitcoin and Ethereum.

Dogecoin-crossed-40-cents
Source: Coinmarketcap.com

Doge is currently up by 172% trading at 43 cents compared to the last trading day. Around 4:29 AM EST, the dogecoin was trading around $0.25 being resisted to move further higher. But around 10:00 AM EST, Doge broke the resistance level of 25 cents and suddenly surged to $0.43 (40 cents). It was a very lucrative move.

Seeing such explosive moves I am very urged to make another Investment in doge but I am kinda skeptical about the uptrend sustainability of dogecoin. Although, It is predicted that it could reach to $1 mark very soon but making any Investment now could be a painful action for my pocket.

Doge’s trading volume got raised by 222% to $45b (forty-five billion us dollars) over the last 24 hours giving it the title of “second most traded cryptocurrency after Bitcoin”.

Gaining such a high Market Capitalization, Dogecoin has now passed the reigning crypto assets such as Polkadot and Uniswap to be called the seventh-largest cryptocurrency in terms of market capitalization.

Moving further, Now let’s talk about the weather is it a buy or not? Should you put your funds into dogecoin? Yup, I got answers for all these.

I am going to give the best advice out there to help you make the right decision. But before I say anything let me clarify that I am not a financial advisor so always do your own research before taking any action.

This is currently the highly anticipated question in the mind of everyone who is spectating rapidly increasing spikes in dogecoin’s DOGE/USDT price charts. Most investors are reluctant to make investing action into dogecoin as if they lose all their savings into Dogecoin despite the massive 400% price surge in dogecoin’s value.

Dogecoin has been very lucrative for investors lately. But fundamental investors are fearful and resistant to invest or endorse Dogecoin. This is because of the meme-nature of the coin. Before I say anything else, I got one offer for you. You will get $10 free bitcoin, if you sign up for OKcoin, using this link and deposit $100: Earn $10 Free Bitcoins (BTC): You will get your $10 bitcoin immediately. Just do what I said. It’s legit true. Now let’s get back to the topic.

If you are interested in dogecoin, then this other cryptocurrency might interest you. Read the article below.

Is dogecoin a buy now?

I would say no. Why? Because it is already highly overbought and chances are that people will try to short-sell and cash out their investment in dogecoin. I am humbly advising you to take out only the amount you invested and leave all the extra profit amount in trade. This way your money will be safe.

I will advise you to wait till the price calms down a bit and you see no volatility in the chart of dogecoin for few days. This will make sure that there will be another pump in doge value.

In final words, Dogecoin has shown outrageous growth this week. If it continues to go up like this, this will soon surpass bitcoin’s legacy.

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