Picture of the author

Crypto Express

08/09 04:35

Miners could lead DOGE rally



An analysis of the Mining Equilibrium Index on Alphatractal—a metric used to track miner profitability—shows early signs that a rally could be imminent.

Miners are entering a highly profitable zone on the chart as the indicator trends upward. Historically, such high profitability has coincided with the start of market rallies.

This bullish trend is not occurring in isolation.

The Bubble Risk metric reveals that DOGE isn’t in an overheated or euphoric phase typically followed by sharp sell-offs.

This suggests that the increasing profitability among miners is unlikely to trigger a wave of selling. Instead, it strengthens the case for further upside, and the market shows room to rally.

1000569675

#Post To Earn Bonus#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Whose “child” is ES — Solana or Ethereum?#Do you think Tanssi is promising?
85Partilhar

Todos os comentários0Mais recentePopular

avatar
Mais recentePopular