DOGE Price Analysis September 2022

DOGE is a token of the platform Dogecoin. Its current price is around $0.0614 by the time of writing, with a low of $0.04972, and it has a market cap of 8.1 billion dollars. Tesla Inc re-stocked its Cyberwhistle after previously removing it. The item sold out in 3 hours and had briefly been listed for a new price of 1000 Dogecoin.

DOGE Coin Market Analysis 

DOGE has a total supply of 132,670,764,300 coins worth around $0.0614 with a market volume of 406 million dollars, whereas the market capitalization is 8.1 billion dollars at writing.

Yesterday, Tesla announced a new product line called Cyberwhistle. It will be available in versions inspired by its futuristic Cybertruck series. Tesla buyers need to pay only in Dogecoin (DOGE).

The current cost is 1,000 DOGE or around $60 with all the taxes & shipping included. All sales are final, and products ship in 4-6 weeks.

Tesla now only accepts Dogecoin for certain items, which will not refund or reverse if incorrect amounts or types are sent. Users must know the correct payment amount and asset type before sending digital payments.

Elon Musk, Tesla’s CEO, has been a prominent supporter of the meme currency, claiming last year that “Dogecoin is better than Bitcoin for payments.” In response, Tesla and SpaceX also began accepting Dogecoin as payment for merchandise.

What is DOGE?

DOGE is the coin of the Dogecoin platform, which is around $0.0614 by the time of writing, with a low of $0.04972. It reached a high of $0.3388, and its current ranking is #10, according to CoinMarketCap, with a market cap of 8.1 billion dollars.

DOGE Price Prediction

On the 1D timeframe, the price action of $DOGE/USDT is moving inside the right shoulder of the head and shoulder pattern. If it breakdown the neckline of the pattern and retests successfully, it can go downwards.

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Doge Price Chart September 2022Doge Price Chart September 2022
DOGE Price Chart September 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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