Dogecoin recently $0.00000004941324 The increase in the price is attributed to a number of regulation and corporate influences that occur in the market. The fact that a Trump -connected company purchased a 50 million dollar Dogine mining company, the start of the Wyoming state’s own stable coin, and the US Federal Reserve (FED) officials made moderate statements on digital assets. According to experts, these moves have led to the refreshment of corporate investor interest.
Corporate and regulatory developments
A company, known for its proximity to Tumzup Trump, announced that it has purchased Dgehash Dogehash for $ 50 million. Thumzup officials said that they established the largest Dogecoin mining operation with this purchase. In addition, the state of Wyoming for the first time in the United States, a state -backed stable coin, Frontier Stable Token released. This development is considered as a sign of the policy change of regulators in the United States for digital assets.
FED Vice President Michelle Bowman said to the banks that digital assets are potential for the sector and that staying idle may pose a risk for competition.
Michelle Bowman warned that, “Banks, which are delayed in adopting digital assets, may fall into a competitive disadvantaged situation,” Michelle Bowman warned.
This statement was interpreted as the US Federal Reserve can follow an attitude to a crypto.
Market Analysis and Price Movements
Following these developments, the price of Dogecoin fluctuated at the dollar band of 0.21 to 0.22 between August 20 at 15.00 and 21 August at 14.00. Approximately 5 %volatility was observed during the day. In the evening session, the price increased by 5 %and increased from $ 0.21 to 0.22 dollars and this level was determined as the resistance point in the short term.
In the following hours, the transaction volume has reached the level that will attract attention. Between August 21 at 13.22-14.21, the price of Dogecoin with a volume of 61.8 million in one hour increased by 1 %. This wave of purchase is considered by experts as a concrete indicator of corporate investor interest. In the same process, the support level was strongly preserved in the range of $ 0.21-0.22.
Technical view and investor trends
In the technical analysis, the $ 0.21–0.22 band stands out as a strong support point. The $ 0.22 level is seen as a critical pivot point. In order to maintain the rise, the price should be exceeded $ 0.225. The transaction volume of corporate investors reaches 378.6 million shows that the market interest continues.
Another important data was the amount of open position described in futures. The amount of open position, which is around $ 3 billion, reveals that the leveraged transaction interest in the market is still high. In addition, this week, a total of 2 billion do -of -the -dollar accumulation by large investors recorded.
Some experts say that Thumzup’s expansion of the mining operation can create changes in the distribution of Hash power of Dogecoin’s hash power, and that it can create additional prints on the price. In addition, Wyoming’s regulatory steps, such as explanations from the Fed, are expected to have a positive impact on the sector.
Finally, Bitcoin of Sofi Technologies Institution 
$0.000016The fact that the Lightning Network technology in payments is increasingly increases the role of traditional finance in the crypto market. These developments generally point out that interest in the digital asset market continues to increase.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
