Dogecoin Has 'Fairly Bottomed,' Says Trader: Is Now Finally The Time To 'Size Up'?
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) is attracting bullish predictions from traders who believe it has 'fairly bottomed' and anticipate potential growth, especially with the expected introduction of X payments. Despite a drop in large transaction volumes, daily active addresses have increased. The Dogecoin Foundation highlights the importance of the Cardinals protocol for innovation in the ecosystem.
August 08, 2024 | 11:40 am
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Dogecoin has 'fairly bottomed' according to traders, with potential growth expected due to the anticipated introduction of X payments. Increased daily active addresses and the Cardinals protocol are also positive indicators.
Traders are optimistic about Dogecoin's potential growth, citing its 'fairly bottomed' status and the upcoming X payments. The increase in daily active addresses and the Cardinals protocol's importance further support this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100