#Dogecoin burn address has come under scrutiny as concerns about quantum computing continue to grow across the crypto industry.
The address first gained prominence during Dogeparty’s proof-of-burn event in 2014, when users sent $DOGE to the wallet in exchange for XDP tokens. More than a decade later, the wallet remains untouched.
Blockchain data shows that it currently holds around 1.854 billion DOGE or 1.08% of the Dogecoin supply. At the current DOGE price of $0.083, this holding has a worth of $153 million.
Considering the size of the holdings, market participants have begun questioning whether future quantum computers could eventually gain access to these coins.
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$DOGE
The consolidation continues, and the chart stays above $0.08161 as a last hope to stay bullish.
As mentioned in the last update, if the DOGE starts closing below $0.08161 on the daily chart, you will see more pressure on the range low, and the chart will end up collapsing sharper, and quicker to the next support than many understand.
So, have your eyes peeled on that, or maybe put out an alert for this.
As long as price holds above that level, chart has life and a chance.
#CRYPTO #TRADING #BTC #ETH #DOGE #MARKETUPDATE
$DOGE
The range still intact, The chart still behaving as expected.
The chat is now approaching the POC of 2023 range, that sits at $0.08161, closings below will put more pressure at range low, and the chart will try to breakdown thru this range.
What can happen for some times, maybe on the lower timesframes like 4h and even 1h charts, is that this chart starts to produce a micro range on those timeframes above $0.08161, that will be basically a trap for people to long/buy DOGE so ultimately it can be dumped.
Pay attention to that.
#CRYPTO #TRADING #BTC #ETH #DOGE #MARKETUPDATE
Look who showed up to support the $DOG community.
Safe to say $DOG army on Bitcoin is the BEST!
@beincrypto The solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u Army shows up strong 💪💪💪
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Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
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