ETH Researcher Reveals Important Dogecoin Data

Alex Valaitis, the owner of W3T and former Ethereum researcher, discusses the basics of Dogecoin and scalability cases in a series of tweets. Valaitis mentions that 10,000 dogecoins are created every minute.

According to Alex Valaitis, five billion new Dogecoins are mined annually. He claims over two thousand merchants, including the Dallas Mavericks basketball team, Twitch, and Tesla, now accept Dogecoin.

Key Doge Levels to Watch – November 21

DOGE showed strength during October, with a large gain of $0.1580. It has been on a decline since then to the current market price.

DOGE’s price action is currently still on the decline. The Moving Average Period 20 also indicates that price action is bearish.

Price attempts to close the fair value gap (FVG) below $0.0650.On reaching this level, we might see a bullish move due to the indication of an oversold market on the Relative Strength Index.

DOGECOIN Key Levels

Resistance level – $0.9400,$0.1100
Support level – $0.0710, $0.0650

Total Market Capitalization: $9.76B
DOGE Market Capitalization: $9.74B
DOGE Volume: $0.65B
Market rank: 9

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