Top Crypto Trader Predicts End Of Dogecoin Bear Trend, Says Sleeping Giant May Be Ready To Rise

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A top trader has said that Dogecoin (DOGE) and another asset are preparing to take off as Bitcoin approaches $ 45,000 and Ethereum recovers $ 3,000.

In a tweet to its 156,000 subscribers, Smart Contract predicts that Dogecoin will break out of its downtrend and soar to $ 0.41.

“Woof woof, DOGE looks ironically primed and breaks the key downtrend, this is the meme [season] back?

Looking like one of the slow motors but not for long [in my opinion]. “

Source: smart entrepreneur

At the time of writing, DOGE is up 22.4% in 24 hours according to CoinGecko.

Smart Contract also says The Graph (GRT) index protocol could turn bullish after sitting in a prolonged accumulation phase.

“GRT was smoked from the top, -85% peak to trough, but there is a very nice build up going on over the daily period of the USD pair, and the BTC pair has made a clear wave of 5 from the highs. down. This one is sent [in my opinion]. “

Source: smart entrepreneur

The pseudonymous trader also says that he is turning the profits he made from CryptoPunks, which are among the first non-fungible tokens (NFTs), or digital art, created on the Ethereum blockchain. Smart Contract says it is buying Meebits, a new NFT project, as volume of transactions in the sector is skyrocketing.

“I just sold a punk for + 50% of what I paid at the start of the month, then I’m going to turn those profits into Meebits.

Larvlabs’ NFTs are the only NFTs I’ve ever made money on, so [probably] will just stay with them.

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Featured Image: Shutterstock / Tithi Luadthong



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