Dogechain (DC)
1. Fundamental Analysis
1.1 Introduce
Dogechain acts as a smart contract chain that provides Dogecoin holders with access to the latest advancements in blockchain technology. The platform provides users with a means to bridge original Dogecoin (PoW) onto its EVM-compatible platform and use wrapped DOGE as gas on the chain.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DC | Market Cap | 9064948.55 |
| Name | Dogechain | White Paper | -- |
| Web Site | https://dogechain.dog/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 169576385082.7042 | |
| Supply | 169576385082.7042 | Release Date | 2022-08-25 |
| Available Supply | 35451500000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
Concentration of trading activity has shifted higher with increased volume and volatility. There is evidence of a potential bearish trend as the price has formed lower highs and lower lows, suggesting bearish momentum. The recent high at 0.000435 is facing significant resistance, which could lead to a pullback. The possibility of a reversal from current levels cannot be ruled out due to the high volatility and increased volume.
