{"id":125047,"date":"2024-11-12T17:41:34","date_gmt":"2024-11-12T10:41:34","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125047"},"modified":"2024-11-12T17:41:34","modified_gmt":"2024-11-12T10:41:34","slug":"dogecoins-golden-cross-sparks-hype-after-meme-coin-doubles-over-last-week-previous-cycle-saw-a-7000-rally-could-history-repeat","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125047","title":{"rendered":"Dogecoin&#8217;s Golden Cross Sparks Hype After Meme Coin Doubles Over Last Week: Previous Cycle Saw A 7,000% Rally, Could History Repeat?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p><strong>Dogecoin<\/strong> <span class=\"ticker\" data-ticker=\"DOGE\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">DOGE\/USD<\/span> has jumped more than 140% in the last seven days as traders spot a technical pattern that previously preceded a massive price surge in the meme cryptocurrency.<\/p>\n<p><strong>What Happened<\/strong>: A \u201cgolden cross\u201d \u2014 where the 50-day moving average crosses above the 200-day moving average \u2014 has appeared in Dogecoin\u2019s price chart. Cryptocurrency trader <strong>Mikybull Crypto <\/strong>highlighted on X (formerly Twitter) that a similar pattern in the last cycle preceded a 7,000% rally.<\/p>\n<p>\u201cThe majority here don\u2019t seem to understand the implication of this golden cross that just occurred on $DOGE,\u201d the trader wrote. <\/p>\n<p>The surge coincides with broader cryptocurrency market momentum, as <strong>Bitcoin<\/strong> <span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">BTC\/USD<\/span> reaches new all-time highs following the 2024 presidential election.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The majority here don&#8217;t seem to understand the implication of this golden cross that just occurred on <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a>.<\/p>\n<p>Last cycle, dogecoin rallied almost 7,000% after the golden cross. <a href=\"https:\/\/t.co\/K0vBRQGrSs\">pic.twitter.com\/K0vBRQGrSs<\/a><\/p>\n<p>\u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) <a href=\"https:\/\/twitter.com\/MikybullCrypto\/status\/1856197020995748347?ref_src=twsrc%5Etfw\">November 12, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><strong>See Also: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41888686\/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold\">Bitcoin Blasts Through $88,000 As Market \u2018Euphoria,\u2019 Regulatory Optimism Take Hold<\/a><\/strong><\/p>\n<p>Dogecoin\u2019s recent performance echoes its 2021 bull run when the cryptocurrency rose from $0.0047 to record highs, driven by social media attention and endorsements from prominent figures like <strong>Tesla Inc <\/strong>CEO <strong>Elon Musk <\/strong>and entrepreneur <strong>Mark Cuban<\/strong>.<\/p>\n<p>Musk\u2019s influence on Dogecoin remains significant. In 2023, when his company X briefly changed its logo to Dogecoin\u2019s Shiba Inu dog symbol, the cryptocurrency\u2019s price surged. Despite <a href=\"https:\/\/www.benzinga.com\/general\/education\/24\/11\/41882342\/heres-how-much-100-in-dogecoin-today-could-be-worth-if-doge-hits-new-all-time-highs-2\">the recent rally<\/a>, Dogecoin trades well below its May 2021 peak.<\/p>\n<p>The recent price action has reignited interest in the cryptocurrency, which began as a joke in 2013 but has since grown into a significant digital asset with a passionate following and high-profile supporters.<\/p>\n<p><strong>Price Action<\/strong>: Dogecoin is currently trading at $0.4142, marking a substantial 47.44% increase over the past day. Over the past year, Dogecoin has surged an impressive 421.41%, according to\u00a0<a href=\"https:\/\/www.benzinga.com\/pro\/\" target=\"_blank\" rel=\"noreferrer noopener\">data from Benzinga Pro<\/a>.<\/p>\n<p><strong>Read Next: <\/strong><\/p>\n<p><em>Image Via Shutterstock <\/em><\/p>\n<p><strong><em>Disclaimer<\/em>:<\/strong><em>\u00a0This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/em><\/p>\n<\/p><\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer noopener\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41893461\/dogecoins-golden-cross-sparks-hype-after-meme-coin-doubles-over-last-week-previous-cycle-saw-a-7000-rally-could-history-repeat\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin DOGE\/USD has jumped more than 140% in the last seven days as traders spot a technical pattern that previously preceded a massive price surge in the meme cryptocurrency. What &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125047\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125047","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125047"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125047\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}