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The cryptocurrency market has entered another bull cycle, with several assets showing major price movements. Among these, Dogecoin, Pepe, and Everlodge have emerged as top cryptos to trade right now. Let’s find out why traders are going after these three altcoins.
Dogecoin Has Formed a Historic Pattern, Traders Show Excitement
Although Dogecoin didn’t start 2023 on a bullish note, the top meme coin has been showing positive signs. In “Uptober” the price movement of Dogecoin changed and broke out of a long-term bearish pattern. Analysts have spotted a historic pattern that could mean more gains for DOGE.
According to on-chain metrics, since 2014, Dogecoin price has recorded one bullish November, sandwiched between two subsequent losses. 2023 has been earmarked as a bullish year for Dogecoin. The price of Dogecoin has confirmed this, closing with a weekly gain.
Dogecoin closed in November 2020 with a gain of 38.7%. Analysts have predicted that the trend could repeat itself. Some have stated that Dogecoin could rake in even more gains. AngeloBTC, a top crypto trader has predicted a rally to $1 over the next few months, making DOGE a great crypto to trade.
Pepe Volatility Has Hit a Record High, Traders Jump in
Since May when Pepe Coin rallied to its all-time high, there has been decreasing interest in the frog-theme meme coin. However, PEPE has now recorded a significant change of trend. The Pepe coin price achieved an impressive 60% increase in October.
In addition, CoinPedia has reported that the volatility of the meme coin has jumped to a four-month high. The volatility of the meme coin increased by a remarkable 172%. This has made Pepe a great altcoin to trade as investors are expectin
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Author: Crypto Daily
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