One of the closely followed analysts of the crypto money world, ranked tenth by market capitalization. dogecoin shared his views on it.
The one who predicted the Bitcoin bottom level in 2018 exactly six months early. Smart ContracterIn his post on his Twitter account, Dogecoin announced that investors have witnessed a great accumulation spree.
“DOGE/BTC has a high backlog of timeframes that is still ongoing and looks the craziest. I don’t remember seeing such a clean accumulation phase in a long time. When I look back here in a year, I think we will see a much higher price of $0.065 and I am ambitious.”
Dogecoin pricehas gained nearly six percent in the last 24 hours and was trading at $0.06445 at the time of writing.
Koinfinans.com As we reported, Smart Contracter’s forecast matches up with crypto analytics firm Santiment, which claims that Dogecoin’s whale transactions and funding rates have increased in the recent past.
“Dogecoin has gained a strong 9% in the last day and a half and meme coin still remains the 10th largest asset in crypto. Whale trading and funding rates, two major indicators of price direction change, have just risen.”
Robinhood currently has the address that holds the largest amount of Dogecoin, with over $2.5 billion in savings from that address. This represents about a third of the total supply.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.