Dogecoin (DOGE) Price Rises Over 10% Amidst Increased Activity

With the recent surge in ETF applications, there is ongoing movement in the crypto market. Investors who follow the movements of Bitcoin and Ethereum continue to seek gains in altcoins. As of November 17th, when Bitcoin and many altcoins experienced a decline, two altcoins stood out from their competitors and showed a clear upward trend.

How Much is Dogecoin (DOGE) Worth in Dollars?

The price of Dogecoin has increased over 10% in recent times, due to increased network activity for various reasons. This increase could be attributed to rumors that Astrobotic’s moon mission will send “physical Dogecoins” to the moon.

It is known that the space technology company has been funded by the Doge community in the past. Therefore, DOGE supporters believe that the ongoing Peregrine Mission One (PM1) will carry Dogecoin.

On November 16th, it was announced by Dogecoin’s official X account that Astrobotics will send “Physical Dogecoins” to space. However, approval from the American space technology center is still pending.

Investors who were thought to have succumbed to FUD (Fear, Uncertainty, and Doubt) increased the price by recording high trading volumes during the day. When examining the daily time frame, DOGE showed an increase of over 5%, triggering a rise in other meme coins as well. Dogecoin’s remarkable performance was further strengthened by an impressive trading volume of 665 million dollars.

According to data provided by Intotheblock, more than 2.25 billion transactions equal to or exceeding $100,000 have been made in DOGE in the last 7 days. As of the time of writing, Dogecoin is trading at $0.086 with a net increase of approximately 9% in the last 24 hours. The trading volume has reached $2.47 billion.

HBAR Coin Reviews

The second altcoin that accompanied the rise was Hedera (HBAR), which experienced a fantastic surge. Although the bull run in October indicated an important situation and brought about a pause, HBAR is still continuing this momentum. HBAR has achieved a surprising increase of over 23% so far in November, surpassing a large portion of altcoins.

When examining the daily chart, HBAR has experienced an almost 3% increase in the last 24 hours and is trading at $0.06. Again, on the daily time-based chart, HBAR is moving within the channel formation, which is generally considered a precursor to a decline. The current support level is seen at $0.05 and resistance at $0.069.

The Relative Strength Index (RSI) is at 67, bordering on the overbought zone. If HBAR can break its resistance at $0.069, it can move above $0.75. However, a movement below the support of $0.060 could take the price to lower levels.