As is usually the case when the weekend transitions into a new week, there is a bit of bearish market pressure to contend with. Even Dogecoin, a currency renowned for its stability first and foremost, is suffering from a minor loss in the Bitcoin department. Its USD value remains rather stable at $0.0022, for the time being.
Dogecoin is a Good Doge
When it comes to looking at the different cryptocurrencies on the market today, there is plenty of volatility to be discovered. That is the true nature of these volatile assets, but it seems the year 2018 has put a different spin on this aspect altogether. For Dogecoin, the year 2018 hasn’t been all too promising either, although the altcoin still excels in terms of price stability and maintaining its overall market cap through Q3 2018.
Over the past 24 hours, however, it seems there is some interesting market pressure to be noted. The DOGE/USD ratio remains in the green following another 2.3% gain. As such, its price level of $0.002173 can be maintained, albeit a small correction might materialize soon. The DOGE/BTC ratio has suffered a 1% net loss, but that is not necessarily a bad thing either. This small loss can easily be overcome with a bit more trading volume.
On social media, there are always multiple Dogecoin-related discussions to keep an eye on. It would appear user Kramavich has successfully resolved a lingering issue regarding his Dogecoin balance being stuck for quite some time. Although an 11-month waiting period is never acceptable, it is better to see these matters resolved in the end rather than not at all. Cryptonator will also resume its Dogecoin services in the coming hours, by the look of things.
Wow i still cant believe it,but my #dogecoin has arrived in my wallet today,since January,,better late than never,just to stay positive,, but geee 11 months is a long wait 😉
— Kramavich (@JustinMcConachy) December 17, 2018
When it comes to exploring the Dogecoin price across multiple trading platforms, it usually becomes apparent there will be some gaps to explore. As such, there will be some interesting arbitrage opportunities to explore in this regard. Moving funds between Koineks, Gate, or Livecoin can easily yield a 1% profit. A very interesting opportunity to explore, especially with the DOGE/BTC ratio fluctuating a bit.
— Arbing Tool (@ArbingTool) December 17, 2018
When the discussion turns to Dogecoin,a good meme will usually pop up out of nowhere. Dogecoin Memes has been a rather fantastic Twitter account in that regard, as there are plenty of images and GIFs to enjoy. This latest meme shows the Dogecoin NASCAR car, which made a few headlines several years ago. It is another example of how the Dogecoin community made good things happen in the past and may continue to do so moving forward.
— Dogecoin Memes (@DogecoinMemes) December 17, 2018
Although the Dogecoin trading volume doesn’t look all that impressive right now, there is still some positive momentum to go around. As such, there may be a further uptrend in the DOGE/USD ratio, albeit the DOGE/BTC ratio may slowly drift to the 60 Satoshi level once again. There is some interesting momentum regardless, depending on how people want to look at the current situation.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.