Ethereum (ETH/USD) Weekly Review
According to the daily chart, the LTC/USD price can continue to trade sideways. Meanwhile, the continuous bearish movement below the 9-day and 21-day moving averages may stimulate an even deeper below the channel’s lower boundary. It could move towards the support levels of $85, $65, and $45. Moreover, the short-term technical analysis shows that the $165 and $160 levels are currently the strongest forms of technical support before the $145 level could come into focus.
Dogecoin (DOGE/USD) Weekly Review
The DOGE/USD price stopped its previous bullish streak and started to flash red on the day. Although the Dogecoin investors have plenty of things to celebrate, the prices of Dogecoin have been falling around below the 0.3000 level. Neobank Revolut recently announced that peoples can now trade the popular memecoin on its platform. Dogecoin is not the first cryptocurrency on the Revolut platform and bolsters the list of digital assets supported by the challenger bank to 30.
Apart from this, with all the confusion regarding a bitcoin exchange-traded fund in the United States, one company just made it easier for investors to add BTC to their retirement portfolio. iTrust Capital, a crypto IRA and 401(k) platform has added support for Dogecoin. The DOGE/USD coin is trading at $0.322303 and consolidating in the range between 0.317874 and 0.326628.
The creator of digital currency Ethereum, Vitalik Buterin, who became the youngest billionaire in the world last May at just 27 years old, revealed that he invested $25,000 in DOGE in 2016 and made more than$4 million in profits. He also thanked Elon Musk for his tweets that pushed Dogecoin higher. He revealed that he was impressed by Dogecoin and gambles on it impulsively, even without a goal in mind. He said that he could not found a way to explain to his mother about the $25,000 worth of investment in Dogecoin just because it has a dog’s logo. However, he also praised Dogecoin and said that it was one of the best investments he has ever made. Buterin said he sold about half of his tokens and made $4.3 million that he donated to the non-profit organization.
On the other hand, a new competitor of Dogecoin, the Richquack token, came into the market and grabbed attention based on recent predictions. The token got popularity due to its similarity to Dogecoin. The official website of Richquack stated that the token was based on the Binance smart Chain. The website bragged about many features of the Richquack token, stating that it was the first token with a Black Hole design, which will cut the total supply in circulation by massive amounts. The liquidity of the token was also based on an innovative auto-liquidity feature that increases the liquidity rapidly. Finally, Richquack has a feature that can be seen rarely in other tokens, and it was a massive decentralization on a scale. A new competition with better features also kept DOGE/USD prices under pressure on Thursday.