Dogecoin Remains Solid As Profitability Surpasses Bitcoin, Ethereum

Dogecoin is still a strong contender for the attention of cryptocurrency investors who are chasing assets with the most potential. Larger assets and market leaders such as Bitcoin and Ethereum have often provided this for investors with large profit margins, but with the crypto winter, Dogecoin has seen more upside compared to its larger counterparts.

Timeline of Dogecoin

Dogecoin price has been at the mercy of larger market momentum and DOGE whales that continue to push for gains.  The post Whales Continue Stacking Dogecoin (DOGE) Despite Rising Crypto Market Risks appeared first on BeInCrypto.

Cryptocurrencies have long been associated with high volatility, which makes it stressful for investors who endeavor to profit from different digital assets. However, the stress levels among investors appear to vary depending on the type of asset in question.

Dogecoin price analysis indicates the resuming of a bearish trend following a brief period of sideways movement over the previous few days. The downturn that began last week has continued as the price has dropped up to $0.085162.

Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC) is seeing an upward movement, after trading below the $60 mark for several weeks. What Happened: At the time of writing, LTC was trading at $62.85, up 8% in the last 24 hours, according to CoinMarketCap.

Elon Musk's takeover of Twitter pushed the price of Dogecoin higher at various points in the last couple of weeks. This was due to the billionaire's relationship with the meme coin in the past.

Among the 10 most expensive Telegram usernames sold on Fragment, one stands out for a particular reason – it is the only one related to the cryptocurrency sector, and it is one of Tesla (NASDAQ: TSLA) CEO Elon Musk's favorite coins – the meme token Dogecoin (DOGE).

A recent modest loss was experienced by DOGE/USD, according to the Dogecoin price analysis. Following yesterday's bearish price function, today, bearish pressure has persisted, although bulls are also attempting to seize the initiative.

Dogecoin remains Elon Musk's favorite cryptocurrency and the billionaire's conviction in the meme coin looks to not have waned thus far. As the crypto winter rages on, speculations abound on what projects would be able to make it out and come out stronger.

DOGE was one of the top memecoins in terms of social activity  BabydogeSwap launched its new USDT/DOGE farm  Dogecoin [DOGE] recently made it to the news as it ranked second in the list of top meme coins in terms of social activity as per LunarCrush.

The crypto space is undergoing a roller coaster ride ever since the markets tumbled in H1 of 2022. Undoubtedly, the bulls attempted at each level to hold back the price, but the bears were pre-determined to restrict the price rally under the pivotal levels.