Cryptocurrency prices had a successful week, with a rise in demand for commodities and a sense of greed emerging in the market. Bitcoin reached a price of $60,000, while other coins such as Dogecoin, Shiba Inu, and Bonk saw a parabolic increase. This surge in value has added billions to the total value of all cryptocurrencies. In this article, we will provide a forecast for some of the most popular cryptocurrencies, including Bitcoin Dogs, Bitgert (BRISE), and WAXP.
Bitgert (BRISE) Price Forecast
This week, Bitgert and other cryptocurrencies had a strong showing as its token suddenly gained momentum. The BRISE token reached a high of $0.00000020, its highest point ever since December 29th of last year. This surge in value can be attributed to the increase in internet usage, which has risen by around 50% since its lowest point this year.
Bitgert’s price has also crossed over the 50-day moving median, indicating a bullish trend. The token also has a double bottom pattern of $0.00000013, which is a positive sign for investors. The neckline for this pattern is at $0.0000030, and with a significant increase in volume, the token’s price is likely to continue rising towards the key resistance level at $0.00000030, which is approximately 60% higher than its current value. However, a break below the double bottom point at $0.000000013 could signal further downside.
Bitcoin Dogs Price Forecast
Bitcoin Dogs, a new cryptocurrency, has become one of the most successful players in the market, raising over $5.6 million in funding from investors around the world. This fundraising began just two weeks ago, and if the trend continues, the developers could potentially make even more money.
Bitcoin Dogs is a blockchain that aims to become the first ICO of the Bitcoin ecosystem. The developers plan to create a fully functional ecosystem with a lot of utility, including a collection of 10,000 NFTs and investments in the blockchain gaming market. This is expected to drive growth in the crypto bull run, with the goal of developing a game that users can enjoy and earn rewards in the form of $ODOG tokens.
This is happening at a time when interest in the Bitcoin ecosystem is growing, with developers like Stacks and Internet Computer becoming top performers in their industries. The NFT industry has also seen impressive performances from Bitcoin Ordinals.
WAXP Price Forecast
Meanwhile, the demand for altcoins has driven the price of WAXP to its highest point in 2022, reaching $0.098. This is a 158% increase from its lowest point in October last year. The token has also crossed an important resistance level at $0.0775, its highest swing since December last year. The price of WAXP has also risen above the 50-day and 25-day moving averages, and the Relative Strength Index (RSI) and Stochastic Oscillator show overbought levels.
The outlook for WAXP is positive as buyers aim to reach the next significant resistance level at $0, but a pullback may occur as investors take profits.
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