Dogecoin even strikes while Bitcoin, Ethereum are taking a break – is it old season again? – Dogecoin – US dollars ($ DOGE)

Most of the large coins were traded on the red Sunday night, with the exception of Dogecoin (CRYPTO: DOGE) as global cryptocurrency market cap fell 0.69% to $ 2.64 trillion.

What happened: DOGE rose 2.47% to $ 0.28 in 24 hours. Over the week it is up 0.94%.

Rival Shiba Inu traded 1.63% lower at $ 0.0000667 over 24 hours. It’s up 76.13% in the past seven days.

At press time, Shiba Inu was the ninth largest coin by market capitalization, while Dogecoin was the tenth largest according to CoinMarketCap data.

The top cryptocurrency, Bitcoin (CRYPTO: BTC), traded 1.4% lower at $ 61,387.51. It is up 0.12% over a seven-day trailing basis.

ether (CRYPTO: ETH) fell 1.78% to $ 4,302.90 in 24 hours. The second largest cryptocurrency by market capitalization is up 4.49% in the past seven days.

The top 24 hour winner was Holo, which rose 33.14% over 24 hours to $ 0.0142. It has gained 51.58% in the past seven days.

The token associated with the distributed peer-to-peer platform increased by 34.93% and 35.52% respectively compared to BTC and ETH.

See also: How To Buy Bitcoin (BTC)

Why it matters: Amsterdam dealer Michael van de Poppe noted that Bitcoin may not be able to end October above the $ 63,000 mark, but the top coin at $ 61,000 is “just as fine and close enough”.

Yes, #Bitcoin may not close above $ 63,000 this month.

However, his hit rate at $ 100 trillion on the stock-to-flow model is way better than your trading performance, so I wouldn’t really roast him at all. #Bitcoin at $ 61K is just as good and close enough.

– Michaël van de Poppe (@CryptoMichNL) October 31, 2021

Van de Poppe tweeted on Sunday that despite so-called altcoins that move “left and right”, the “real old season” does not even take place.

According to Blockchaincenter, it is not yet an altcoin season “Altcoin Seasonal Index.”

Bitcoin is “ready to rally” after the pullback, according to a notice from DecenTrader, a provider of market information for cryptocurrencies.

The company noted that BTC might only face real resistance on its way to the $ 100,000 mark.

“On a technical, market cycle, and on-chain basis, we continue to believe that the next major difficulty area for BTC will not be reached until we get closer to $ 85,000 to $ 90,000.”

DecenTrader attributed this to a moving average crossover event that enveloped the 128-day and 200-day metrics, resulting in a “sustained” rally in the past.

Meanwhile, the Bitcoin whitepaper turned 13 on Sunday. Bitcoin bull, investor and CEO of MicroStrategy Incorporated Michael Saylor said the pseudonymous inventor of the coin Satoshi Nakamoto “Lit a fire in cyberspace” fed by the believers.

Satoshi started a fire in cyberspace. While the fearful run away and fools dance around, the believers feed the flame and dream of a world bathed in the warm glow of the cyberlight. #Bitcoin

– Michael Saylor (@saylor) October 31, 2021

Read on: This is what Michael Saylor, CEO of MicroStrategy and Bitcoin Bull, says about Shiba Inu and Dogecoin

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