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Dogecoin {DOGE} mascot draws more attention than Vitalik Buterin at Devcon 2019

Bitcoin

DEVCON 2019 attracted programmers and crypto-enthusiasts from around the globe. It is being held in Osaka, Japan and will last till 11th October. Many decided to leave Vitalik behind and rushed to witness the appearance of a Shiba Inu who serves as the signature mascot for the Dogecoin project.

The meme dog’s happy spirit has influenced eager developers and buyers across the globe. DOGE and BAT tokens operate in a similar manner; DOGE coins are used to tip creators on Reddit, Twitter, and so on. Billy Marus from Portland and Jackson Palmer from Sydney banded together and were in-charge of establishing this virtual currency.

Dogecoin is ranked at #28 in the market. The trading volume recorded stands at approximately $45.004 million, while the supply has 121,536,500,220 DOGE coins involved as part of the circulation. The total market cap of Dogecoin amounts to $284.799 million. DOGE sunk at a rate of 0.29% in the course of the past 24-hours; this brought the digital currency’s price all the way down to $0.002343 where it currently rests.

According to the candlestick chart linked to the DOGE/USDT pair on tradingview [based on the data obtained from the Binance Exchange], sellers are trying hard to drive the price of DOGE towards $0.0021. Post-1st October, the MACD line shot up atop the signal line, causing the histogram to change color [from red to green; although the histogram had faded on 6th October].

The daily RSI [for 14 periods] is at 44.08 and may descend furthermore which might just bring DOGE into the oversold zone [this is a highly-unlikely outcome]. From 7th October onwards, the peaks tied to the Awesome Oscillator secured the emerald shade which signifies the existence of bullish momentum. Initial support can be found at $0.0022279, and resistance may play a role if DOGE can afford to climb towards the $0.0025. Meanwhile, the Ichimoku Cloud is still crimson, indicating the occurrence of bearish activity.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.