4 signs confirming Dogecoin is still as viable as ever

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The dogecoin ecosystem is still firing on all cylinders. There are many things going on behind the scenes, although not all of them will have an immediate impact. The following developments are all interesting enough to keep an eye on in the coming months.

PayPal and Cryptocurrencies (and Dogecoin?) Is an option

For some time now, there have been rumors about payments from PayPal and cryptocurrencies. In a new update, it has been confirmed that merchant cryptocurrency payments will be made possible through this service. Suppliers of all types will be able to accept Bitcoin and altcoin transactions in the future. This can unlock a lot of momentum for Dogecoin, although nothing has been officially confirmed at this stage.

At this time, there is no indication of which crypto assets will be accepted. Enabling Bitcoin support is almost a foregone conclusion. In terms of alternative assets, it is yet to be determined. An approach similar to what CoinPayments does is not entirely out of the question. In addition, Dogecoin has been a viable payment method for some time, giving it an edge over competing assets.

The meme game remains strong

Most people are familiar with Dogecoin due to the number of memes involving this cryptocurrency. It ranges from shibes to Elon Musk, there were hundreds of funny pictures and comics to look at. This trend continues today, as several memes have drawn good attention in the past week.

The first explains how Dogecoin Reddit user behavior evolves when engaging in debates. It sounds true for many crypto communities, but Dogecoin may be at the forefront. There is also the "Doge in the spotlight meme" for 2021, which is very funny in his own opinion.

StealthEx Trading

Having more Dogecoin support exchanges will always be beneficial to the ecosystem. StealthEX is the last exchange to list DOGE. The platform specializes in trading without account requirements and does not store personal data. An interesting approach to cryptocurrency trading, and having doGE on the platform is a big step forward.

No more low dogecoin fees

At the protocol level, an interesting change is about to take place for Dogecoin. Through the soft fork BIP-65 being activated very soon, the network rates will undergo major changes in the near future. Currently, transactions with rates below 1 DOGE are still mined, but this will no longer be the case in a few weeks. It won't have a big impact on rates, but it's still worth paying attention to.

source: cryptomode.com

BAT, Dogecoin, Tezos Price Analysis: September 25

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After a week that saw Bitcoin, the world's largest cryptocurrency, drop dramatically, BTC was soon in recovery mode. In fact, at the time of writing, it was valued at just under $10,700, with the cryptocurrency's performance boosting the altcoins of the market as well. Taking the lead of BTC, many of these alts, including complexions, Dogecoin and BAT, posted recoveries on their charts. However, if this will be enough to reverse the prevailing bearish trend it is a completely different story.

Tezos [XTZ]

Tezos' charts reveal that cryptocurrency has been in a very sharp bearish trend since its highs in mid-August 2020. The bearish trend in question was only worsened by the depreciation across the market on September 2-3, and the $500 drop from Bitcoin a few days ago. In fact, after the latter, XTZ was seen as falling by more than 21%.

However, at the time of the press, some recovery was afterwards, with the last two daily candles on Tezos' charts flashing green. At the time, XTZ was being traded at its April 2020 price levels.

Despite the above-mentioned appreciation, however, a trend reversal was not yet in order. While the dotted parabolic SAR markers remained well above price candles, the cash flow chaikin dropped to -0.10, a sign of much more capital outflow than capital inflows.

Tezos made news a few days ago after a French investment bank selected its blockchain for its experiment on CBDCs.

Basic Attention Token [BAT]

Brave browser native cryptocurrency Basic Attention Token, also known as BAT, as Tezos, fell from its high year in August 2020 to trade at its May 2020 levels at the time of writing. While BAT's downtrend was not as steep as Tezos', the former fell more than 15% on the charts in the past week. Accompanied by minimal trading volume, BAT, however, has made some gains in the last 24-48 hours.

While the Bollinger Bands' mouth remained wide to suggest some degree of entry price volatility, the Incredible Oscillator was imagining a negative moment in the market.

BAT was in the news a few weeks ago after a study revealed that the Brave browser’s native cryptography was among the tokens that are at risk against fake deposit exploits.

Dogecoin [DOGE]

Dogecoin, the main "meme currency" in the crypto market, was one of the few alts to perform poorly in late July and August. In fact, in addition to a 3-day period in July, which saw DOGE rise more than 100% on the charts, the cryptocurrency has not seen any noticeable increase in its charts in recent months. After the corrections that followed the increase mentioned above, DOGE continued to trade within a tight channel.

At the time of writing, however, there were signs that a brief reversal may be in order, since the last two price candles for DOGE were flashing green. The same was evidenced by the technical indicators of the cryptocurrency, while the MACD line was crawling on the Signal Line after a bullish crossover, the Relative Strength Index registered a sharp peak that saw it move away from the oversold zone.

source: ambcrypto.com