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Dogecoin surges 55% as fans try to push it to $1
Dogecoin surges 55% as fans try to push it to $1

Dogecoin (DOGE-USD) has nearly doubled in value since April, rising over 50% after another surge driven by internet users who are trying to push the coin to $1, as similar plans for "Doge Day" fell flat last month.

Cocrystal Pharma stock doubles on massive volume shortly after progress on coronavirus drug candidates
Cocrystal Pharma stock doubles on massive volume shortly after progress on coronavirus drug candidates

Shares of Cocrystal Pharma Inc. COCP, +72.58% more than doubled on massive record volume in afternoon trading

1000 USD bet on Dogecoin for Christmas now tops the average US Income
1000 USD bet on Dogecoin for Christmas now tops the average US Income

It took Amazon 13 years to deliver a 10,000% return to investors. It has now taken Dogecoin five months. The cryptocurrency (DOGE-USD) hit a new all-time high of $0.60 on Tuesday, pushing Dogecoin's market cap north of $70 billion to become the fourth-most valued coin, according to Yahoo Finance's data partner CoinMarketCap. That's now larger than the market cap of Moderna, one of the companies shipping COVID-19 vaccines to save the world from the pandemic.

5 Reddit Stocks to Avoid Like the Plague in May
5 Reddit Stocks to Avoid Like the Plague in May

For more than a year, retail investors have been piling into the stock market. We know this because popular online investing app Robinhood picked up approximately 3 million new members last year. The average age of Robinhood users is only 31.

Bitcoin below $7.000? What will happen to the cryptocurrency rate?

The leading digital coin left the red zone this morning and is now showing a slight increase in price. However, NewsBTC analysts Ayash Jindal and Martin Young believe that the positive trend will not last long.


The leading digital coin left the red zone this morning and is now showing a slight increase in price. However, NewsBTC analysts Ayash Jindal and Martin Young believe that the positive trend will not last long.

On Monday, October 14, Bitcoin went up 0.08% to $8350. NewsBTC experts believe that the position of the first cryptocurrency is precarious. The coin may face stiff resistance at the levels of $8350 - $8400. Analyst Martin Young does not rule out that a support gap could lead to a fall to a maximum of $7.000.

 

On Friday, Bitcoin managed to rise to the $ 8700 price mark; however, it did not hold its position, and on the weekend it dropped $ 8280. The “death cross" loomed on the daily chart; a strong decline in prices may occur already next weekend if consolidation continues. The last time a 50-day moving average fell below the 200-day MA in March 2018, after which a bearish trend was observed in the market for about a year.

 

According to Ayash Jindal, the first cryptocurrency needs to rise above $ 8500 in order to return positive dynamics and continue to grow. If, in the near future, Bitcoin does not reach this mark, then there is a possibility of a depreciation to $ 8146.

 


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