Buenos Aires has stepped into the crypto scene by allowing tax payments in DOGE. This unexpected move raises questions about the potential price impact. Cryptocurrencies have long sought real-world use cases, but will this news finally make a difference? Delve into this article to discover if DOGE and other digital coins are poised for significant growth. Dogecoin Hovers Beneath Key Levels but Eyes Potential Rise Source: tradingview Dogecoin's price is currently sailing between fourteen and fifteen cents. The coin is facing some hurdles around sixteen cents but could aim for over seventeen and a half if momentum shifts. In contrast, the safety net is at nearly thirteen and a half cents, with a deeper fallback at twelve cents. Over the past week, Dogecoin dipped by over six percent and nearly sixteen percent for the month. While the recent trend shows a downward path, the potential for a bounce-back to break the existing resistance could lead to gains of around twenty-two percent from the current higher range, should buying interest pick up. Conclusion The acceptance of DOGE for taxes in Buenos Aires marks a significant step for its practical use. This real-world utility can boost trust and interest in the coin, potentially impacting its market performance. As mainstream adoption grows, the price could see positive changes. The overall effect on DOGE's value will depend on broader market trends, new use cases, and investor sentiment. It will be important to watch how this integration influences consumer and institutional behavior toward DOGE in the coming months. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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