Although many in the cryptocurrency community do not view Facebook's Libra as their own, the battle between Facebook and the US Fed will have serious ramifications for well-established coins like Bitcoin, Ethereum and Ripple. Dogecoin and other alts are likely to benefit from this dramatic tone-shift from the United States. Dogecoin made gains after news broke out about their Binance listing and although the general market took a major dip, Dogecoin didn't fall nearly as much in comparison to the very volatile Bitcoin, who fell roughly 7 % in the last 24 hours.
Dogecoin right now sits at $0.003062 (USD), or 29 Bitcoin Satoshis (0.00000029 BTC). Within the last 30 days, Dogecoin had a low of 27 Bitcoin Satoshis which was hit a handful of times between July 4th and July 10th, today Dogecoin has reached its new low in the last 30 days against the US Dollar. As the market stabilizes within the day, Dogecoin may enter a 'Buy' scenario against the USD (may bottom out at $0.0028 USD), as for Bitcoin, if Bitcoin successfully rebounds and breaks past its 12k mark again then Dogecoin may fall against BTC. Until that point, Dogecoin will be in demand for the next few days, and it may surpass 31 Satoshis within the week. Dogecoin may be in a position to make a comeback as the market yet again corrects itself from the bad news, what are your thoughts?
