Advertisement
AD

Main navigation

Dogecoin (DOGE) Gearing up for Massive 'Revenge Pump' Against Bitcoin (BTC), Top Trader Says

Advertisement
Tue, 31/01/2023 - 9:18
Dogecoin (DOGE) Gearing up for Massive 'Revenge Pump' Against Bitcoin (BTC), Top Trader Says
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Bluntz, a popular cryptocurrency trader, has predicted a massive price surge for meme coin Dogecoin (DOGE) against Bitcoin (BTC), the flagship cryptocurrency. According to Bluntz, DOGE/BTC is "gearing up for a revenge pump of probably 100% or more."

Advertisement
Bluntz
Image by @SmartContracter

This bullish outlook on Dogecoin might come as a surprise to some in the crypto community, who dismissed the joke currency as a fad. The meme-inspired token remains among the top 10 biggest cryptocurrencies, with its market cap approaching $13 billion.

Bluntz appears to be certain that the price of Dogecoin will continue to rise, stating that it would be "negligence" not to have a stake in the currency. This sentiment is shared by some other traders, who see the rapid growth of Dogecoin as a sign of things to come.

Related
Solana (SOL) Sustains Second Week of Inflows as Blockchain Sentiment Improves
In a separate tweet, the trader pointed to the fact that the DOGE/USD pair has also broken out.

As reported by U.Today, Twitter is seeking regulatory licenses to launch a payments platform, as part of CEO Elon Musk's plan for a diversified revenue stream and an "everything app." The announcement caused the price of Dogecoin (DOGE) to surge by 7%. Even though only fiat payments will be available from the get-go, Twitter intends cryptocurrencies at a later date.

The social media platform recently appointed a small team to map out the platform's architecture.  However, the move into payments faces competition and high regulatory scrutiny.

Dogecoin's price has been sensitive to Musk's actions and statements, soaring in October after his Twitter deal and taking a hit in November after Twitter scrapped its crypto wallet plans.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles