Dogecoin Price Prediction as NYDFS Removes DOGE From Greenlist – What's Going On?

Crypto News
Crypto News

19 Sep 2023 10:51 AM

The Dogecoin price has risen by 1% in the past 24 hours, with its move to $0.062918 coming after the New York Department of Financial Services removed the meme token from a greenlist of approved virtual currencies....

  • The Dogecoin price has increased by 1% in the past 24 hours, reaching $0.062918.
  • The New York Department of Financial Services has removed Dogecoin from its greenlist of approved virtual currencies.
  • Dogecoin is up 3% in the past week, but down 2% in a month and 10.5% since the beginning of the year.
  • The removal by NYDFS means that exchanges licensed by the regulator can no longer list Dogecoin, potentially impacting its price in the long term.
  • Despite this, Dogecoin's technical indicators suggest a possible recovery, with the relative strength index rising and the 30-day moving average leveling off.
  • However, the lack of fundamental value and the banning in New York present challenges for Dogecoin.
  • Dogecoin's future prospects rely on the possibility of integration with X (formerly Twitter) for digital payment functionality.
  • Traders may consider exploring other altcoins, particularly presale tokens like Launchpad.xyz, which offers a comprehensive trading platform with utility and features such as play-to-earn gaming, AI-based analytics, and an NFT marketplace.

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You May Ask

What is the current price of Dogecoin and how has it changed in the past 24 hours?What impact does the removal of Dogecoin from NYDFS's greenlist have on its price?What are the technical indicators suggesting about Dogecoin's potential recovery?What are the future prospects for Dogecoin and its integration with X for digital payment functionality?What alternative options are available for traders looking for potential gains, particularly in presale tokens?

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