An Analyst Predicts a Big Bounce for Dogecoin – Here’s Why

According to the pseudonymous crypto analyst buds, dog coin doge/usd looks ready to promote And probably won’t remain inactive compared to other altcoins.

In a Twitter post on Friday, the analyst said that too many altcoins were “already” squeezed out for Dogecoin so it may not be having its moment.

Kaleo said he would take a ride with DOGE until the cryptocurrency “sees a good squeeze.” The analyst believes that, when the meme coin moves, “it usually happens all at once” and that “it is better to enter when it is boring like it is now.”

At the time of writing, DOGE is trading at $0.07658, up 3% over the past seven days.

Last week, DOGE developer Mixi Lumin announced on a large scale update for cryptocurrency, which includes support for QR codes, message signing, and Windows builds. Furthermore, the developer said that the upgrade will include language support for developers and non-developers.

Meanwhile, DOGE rival Shiba Inu’s shib/usd Shiberium, the much-anticipated new layer-2 scaling solution, has now seen over one million transactions on Shiberium’s testnet, Pipenet.

according to blockscouts reportsThere have been around 1,076,331 transactions on Shiberium’s testnet since its beta launch last week.

Read further: Bitcoin Below $28K, Ethereum, Dogecoin Plunge Ahead of Fed Rate Decision: Analyst Pencils Key Level ‘Chopping Around’ for Apex Crypto

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