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When it comes to different cryptocurrencies, Dogecoin always does his thing. It is not a very valuable currency for money, but tends to weaken market trends like no other. Today it is not different in this sense, as it continues to notice some solid gains in USD, but has lost some value compared to Bitcoin.
The price of Dogecoin continues to play its part
It is always incredibly difficult to predict what exactly the price of Dogecoin will do. Nobody has any hold on the trends of this altcoin or on the possible movements in these days. It also depends on whether you look at the value of USD or BTC for this asset. Even so, Dogecoin has managed to become one of the most stable currencies lately. Nevertheless, its market capitalization has decreased by two thirds in a few months.
In the last 24 hours, the Dogecoin has not moved much. The slightly bullish momentum that began to form yesterday afternoon is still in place, at least as regards the value of the USD. A slight increase of 1.5% is at stake, although the DOGE / BTC ratio has fallen by 0.7%. This is not necessarily a point of concern, although it may surprise some people.
There is always some Twitter activity regarding Dogecoin. While Christmas is almost on the world, Jadoge has shared a new track known as Lonely Shibimas. It's free to download and even with your own YouTube video. All donations made to this user – at least in Dogecoin – will see 75% of the proceeds going to Ghana's medical assistance charity. A noble gesture, especially in this period of the year.
In the spirit of sharing, Lonely Shibismas is now creative and free to download on Soundcloud! https://t.co/TxYg6AJ6K2
Watch the original video here: https: //t.co/Z6jd2AszUt#doge #dogecoin #Christmas #shibainu #music
– Jasdoge (@jasdoge) December 12, 2018
In slightly different positive news, it would seem that Dogecoin is making its way towards yet another exchange. Although it is not Coinbase – to the dismay of all DOGE owners – Altcointrader will support this advancing altcoin. Having more exchanges to buy, sell and trade DOGE is always a good thing, as it will first of all contribute to improving the overall liquidity of the market.
#Dogecoin (DOGE) trading will soon be live on #AltCoinTrader platform. We expect that #trading to go live at around 11.00 am on December 12th 2018.
– THANDEKA (@_thndk) December 12, 2018
Last but not least, Dogecoin continues to facilitate huge financial transactions without spending anything. The total value of almost $ 500 million was sent yesterday on the network, which is an incredibly promising signal. This is quite interesting to keep an eye on, considering how these altcoins continue to perform extremely well these days. Many people would like to see transactions of this kind every day, but most of them fail.
#Dogecoin "sent" $ 497 million in just the last 24 hours #Bitcoin is #BitcoinCash sent more. I hope that in the future Dogecoin is exploring by accepting more exchanges such as Binance, Coinbase and Gemini. https://t.co/924UU0KSIt
– mj (@silkmarketindex) December 12, 2018
On the basis of the current market dynamics, it would seem that the price of Dogecoin continues this slow but steady uptrend. He again passed the $ 0.0021 mark, and a further push to $ 0.0025 could come into effect. As such, there is some positive energy left in the tank, which is something that the industry of cryptocurrency strongly needs at this point.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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