DOGE coin could bounce and maybe these are hints about what will happen with the crypto markets

in cryptocurrency •  last year

Lately we have seen a growing interest in DOGE coin on twitter, where more that a few well known figures mention DOGE coin. In the past week the buy volume spiked to 17 Billion coins on Bittrex. This is the biggest buy ever so something must be going on.

DOGE/BTC, W, Bittrex

This would be a long a risky move, but if it pays of, some people would get massive profits. We can see on the chart the previous happenings regarding DOGE. A lot of people laugh but this is one of the most stable and predictable coins out there. Looking back, it's usually passing the previous high, so if everything goes as planned, we could see DOGE over 190 satoshis.

Another thought would be about the whole crypto market. It is known that when DOGE takes of, the whole altcoin market takes of. So this would mean 2 things. Number 1: BTC will enter a bearish market and altcoins will pump, including DOGE, or Number 2: BTC will move sideways and DOGE will pump again, as it happened in the past (this would be the best option for profit)

DOGE/USD, W, Bittrex

Looking in to the $ chart, things look a bit different but still, we can see a bounce to the 0.5 fib level after it stabilised on the 0.618 level.

Anyway, the situation is getting interesting, people are mentioning it and a revival of this coin would be fun.

A short history of DOGE coin:

Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. In addition, he wanted to distance it from the controversial history of other coins, mainly bitcoins. At the same time, Jackson Palmer, a member of Adobe Systems' marketing department in Sydney, was encouraged on Twitter by a student at Front Range Community College to make the idea a reality in April 2015 Jackson Palmer announced he is taking an "extended leave of absence" from the cryptocurrency community

Is worth mentioning about DOGE sponsoring a NASCAR team and the crowdfunding campaign to get DOGE on the moon :)

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