John Bollinger Calls in the Peak for Doge as Multi-billion Euro Gaming Firm, Ubisoft, Joins the Tezos Ecosystem
Is the Dogecoin Rally Over? Legendary Technical Analyst Thinks So
It has been a dizzying past few days for Dogecoin. From near obscurity to being a top-10 coin wasn’t anticipated.
Yet this is where we find ourselves at.
DOGE, the joke coin, is lodged in the top 10.
Returns over last yr…
Dogecoin $DOGE: +15,720%
BinanceCoin $BNB: +3,819%
Cardano $ADA: +3,585%
Ethereum $ETH: +1,262%
Polkadot $DOT: +1,135%
Chainlink $LINK: +1,014%
Bitcoin $BTC: +719%
XRP $XRP: +680%
Litecoin $LTC: +554%
Bitcoin Cash $BCH: +345%
US Dollar Index: -9%
— Charlie Bilello (@charliebilello) April 21, 2021
That’s not all.
The world’s richest man seems to be enjoying the ride, urging on speculators.
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL
— Elon Musk (@elonmusk) April 15, 2021
Even for the 173 percent rally week-to-date, the uptrend, according to a respected technical analyst and the brains behind one of the most adopted indicators—Bollinger Bands, John Bollinger, thinks the rally is over.
In a tweet on Apr 21, John said DOGE could drip by over 50 percent from Apr 2021 highs.
That really looks like an important top in $DOGE. Lower high in %b versus price, a pair of reversals at the upper Bollinger Band, and BandWidth turned down. I'd look for a 50%+ retrace of the April rally. https://t.co/9ZwlucnJa3
Of course, Elon could make a fool out of me.
— John Bollinger (@bbands) April 21, 2021
Still, he remained cautious.
Thanks to Elon’s tweets and even the Wall Street Bets Reddit supporters, his prognosis could be nullified as DOGE/USDT often tear up whenever Elon mentions the coin.
Ubisoft Joins Tezos as a Corporate Baker
Last year, Ubisoft earned over 1.59 billion Euros as revenue.
Fast-forward four months later, and the gaming giant is now a validator—or baker– in the Tezos ecosystem.
It's official, we're bakers 🥖🧑🍳
— Ubisoft (@Ubisoft) April 20, 2021
The self-amending blockchain platform uses a delegated Proof-of-Stake for consensus—more like EOS and Tron.
By joining as a super-node, the gaming giant will secure the network and process transactions.
Ubisoft will continue on its research of the liquid Proof-of-stake technology, studying how it could impact the future of gaming.
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