Ethereum vs. Dogecoin – Crypto that can rule the charts in 2024
The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice
Both Ethereum (ETH) and Dogecoin (DOGE) have seen their price and trading volume increase over the past week, indicating major market momentum.
As a result, many traders in the industry started stocking this cryptos due to the high ROI opportunities. This article examines the potential price increases that both will experience in the coming months to determine whether they are worth acquiring in Q4 2023.
Ethereum (ETH)
The price of Ethereum (ETH) recently broke above the $2,000 price barrier, and this increase can be attributed to interest in BlastRock's ETF alongside the launch of Blast Network.
Blast is Ethereum's Layer 2 network, and fans have quickly demonstrated interest in the project by linking more than $230 million worth of ETH crypto and stablecoins to the platform.
This major Ethereum network activity combined with interest in the BlackRock ETF led to an increase in trading volume. As a result, ETH rose from a low point of $1,918.55 to a high point of $2,108.59.
Dogecoin (DOGE)
Dogecoin (DOGE) is up 18.3% in the past month and remains the 10th largest crypto with a market cap of $11,011,027,560. The current DOGE indicators are starting to gain strength, indicating a further potential increase in the coming week.
The RSI has fallen below 50 and is now on course to reach 60. There is also plenty of room for further upside before Dogecoin crypto hits overbought territory again. Memcoin's 30-day moving average continues to rise above the 200-day mark, reinforcing the possibility of an uptrend going forward. Dogecoin's current support level also reinforces this view and provides higher foundations on which to mount new rallies.
Data from Whale Alert indicates that whales are transferring DOGE to and from the exchange.
Highlight investment opportunities
With both Ethereum and Dogecoin fighting for massive growth, Meme Moguls represents a strong opportunity for those who jump in early.
The platform offers a play-to-earn (P2E) experience where anyone can monetize their time. You can climb the leaderboards and participate in the Earn and Earn program, share your balance in the pool and earn rewards based on the amount held and the pool's annual returns.
Visit Meme Moguls
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to The Integrity Project's guidelines for impartial and transparent reporting, this content was created by a third party and is intended for promotional purposes. Readers are advised to independently verify information and consult with experts before making decisions based on this sponsored content.
