‘Dogecoin Looks Ready To Make Another Leg Up… vs. Ethereum’, Says Crypto Analyst

On Tuesday (May 4), with DOGE-USD trading near all-time highs, popular pseudo-anonymous crypto analyst “Kaleo” says that his technical analysis of the DOGE-ETH pair suggests that Dogecoin seems set to outperform Ethereum in the short term.

The chart below by TradingView shows how well Dogecoin has performed vs Ethereum in the year-to-date (YTD) period on crypto exchange Bittrex.

YTD DOGE-ETH Chart (Bittrex) by TradingView

As for Dogecoin’s performance against the U.S. dollar, so far in 2021, $DOGE is up an incredible 9,206% vs. USD.

YTD DOGE-USD Chart (Bittrex) by TradingView

Earlier today, social media analytics platform LunarCRUSH ranked Dogecoin #1 for “social activity”.

Joe Pompliano — the brother of Anthony Pompliano (aka “Pomp”) — pointed out that yesterday (May 3), Major League Baseball (MLB) team Oakland Athletics (aka “Oakland A’s) recorded the first Dogecoin transaction in MLB history by selling a pair of tickets (for their series against the Toronto Blue Jays) that normally go for around $80 for 100 DOGE shortly after they introduced this promotional offer.

And finally, yesterday, crypto exchange eToro announced that it had listed $DOGE. According to a report by Cointelegraph, an eToro representative told them that this support for Dogecoin was added “due to strong customer demand.”

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Featured Image by “Maklay62” via Pixabay.com

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