Doge has been sliding considerably the past few months. However, I feel that the .19 is the bottom for this current cycle.This is further solidified by examining the persistent bounce at this support level . I feel that today we will ride between .19-.20. When I look out I feel that by October 4 we will start seeing that uptrend and be at around .21. My price target for the end of the year is a 1.15 doge if it follows the trend lines . Which it has since Feb.-March. I see DOGE flirting at higher levels but settling at the 1.00 level by years end.
Looking at the fundamentals a lot of work is being done by the DOGE team. Working to build an eth bridge, restarting the doge foundation, as well as commerce accepting payments. Take away the meme factor the fundamentals of doge are pretty solid and make sense for mass adoption. The meme factor to me is no different than branding and commercialization. Which any good product needs. You can be technically flawless but have zero following (i.e. LTC). I think doge is a decent exposure and one that should be part of any traders arsenal. Again, this is just my opinion. Do your own research. Till later happy trading!
- J
Looking at the fundamentals a lot of work is being done by the DOGE team. Working to build an eth bridge, restarting the doge foundation, as well as commerce accepting payments. Take away the meme factor the fundamentals of doge are pretty solid and make sense for mass adoption. The meme factor to me is no different than branding and commercialization. Which any good product needs. You can be technically flawless but have zero following (i.e. LTC). I think doge is a decent exposure and one that should be part of any traders arsenal. Again, this is just my opinion. Do your own research. Till later happy trading!
- J