Dogecoin Price Plunges 5% As Ferrari Adopts Crypto Payments In Europe And Traders Pivot To This SHIB P2E Presale For 100X Potential
Release: 2024/07/25 19:52 Reading: 641
Dogecoin Price Drops Amid Market Weakness
The Dogecoin (DOGE) price has taken a 5% hit in the past 24 hours, trading at $0.1242 as of 02:45 a.m. EST. This decline comes amidst a broader market downturn, with the meme coin sector's market capitalization falling by 5.4% to $51.5 billion, according to CoinGecko.
Ferrari Extends Cryptocurrency Payments to Europe
In a positive development for the crypto community, Italian luxury carmaker Ferrari has announced that it will extend the acceptance of cryptocurrency payments to Europe. This follows the successful launch of crypto payments in the United States. Ferrari plans to roll out the program to dealerships across Europe later this month, with more dealerships worldwide expected to join by the end of 2024.
Dogecoin Price Prediction
The Dogecoin price has been exhibiting a bearish trend, but it remains within the confines of an ascending parallel channel. This technical formation suggests the possibility of further gains, provided the price stays within its boundaries. However, a candlestick close below $0.1150 could trigger a sell-off, potentially pushing DOGE to revisit the recent lows of $0.0926.
Shiba Shootout (SHIBASHOOT) Presale Nears $1 Million
As the DOGE price falls, the Shiba Shootout (SHIBASHOOT) presale inches closer to its $1 million funding goal. SHIBASHOOT is the native token of Shiba Shootout, a Play-to-Earn (P2E) game set in the Wild West. The mobile game is currently available on Google Play and the Apple App Store, with a Web3 update on the horizon to enable users to earn $SHIBASHOOT.
Investors can stake SHIBASHOOTOUT for a 1,265% annual return. Cryptocurrency expert Michael Wrubel has described Shiba Shootout as "the next 100x Shiba Inu." SHIBASHOOT tokens are currently available for purchase at $0.0197, with the presale ending in just under nine days.
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