The recent performance of DOGE has drawn the attention of investors. At the beginning of October, this well-known crypto asset continued its rise since July, achieving a 7.55% rise in the first four days. However, it experienced a short-term pullback due to the overall slowdown in the crypto asset market and the unclear progress of related ETFs, with a fall of about 2.81%. Currently, the trading price is around 0.2491 USD.
Despite the pullback, analysts generally believe that this is just a short-term adjustment and not a reversal of the long-term trend. They point out that historically, DOGE has had an average rise of up to 11.2% in October since 2013. This historical pattern of 'October rise' provides some confidence support for investors.
However, investors should also be aware that the cryptocurrency market is highly volatile, and past performance does not guarantee future results. In the short term, market sentiment, changes in regulatory environment, and the performance of other cryptocurrencies may all impact the price of DOGE.
In the long run, the development of DOGE will depend on its application prospects in the Crypto Assets ecosystem, community support, and the overall market environment. Investors should comprehensively consider these factors and weigh the potential risks and returns when making decisions.
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LiquidationAlert
· 17h ago
Margin Replenishment opportunity is here, brothers.
The recent performance of DOGE has drawn the attention of investors. At the beginning of October, this well-known crypto asset continued its rise since July, achieving a 7.55% rise in the first four days. However, it experienced a short-term pullback due to the overall slowdown in the crypto asset market and the unclear progress of related ETFs, with a fall of about 2.81%. Currently, the trading price is around 0.2491 USD.
Despite the pullback, analysts generally believe that this is just a short-term adjustment and not a reversal of the long-term trend. They point out that historically, DOGE has had an average rise of up to 11.2% in October since 2013. This historical pattern of 'October rise' provides some confidence support for investors.
However, investors should also be aware that the cryptocurrency market is highly volatile, and past performance does not guarantee future results. In the short term, market sentiment, changes in regulatory environment, and the performance of other cryptocurrencies may all impact the price of DOGE.
In the long run, the development of DOGE will depend on its application prospects in the Crypto Assets ecosystem, community support, and the overall market environment. Investors should comprehensively consider these factors and weigh the potential risks and returns when making decisions.