Price: $0.40821 6.7473%
Market Cap: 59.97B 1.8022%
Volume (24h): 13.97B 0.4%
Dominance: 1.8022%
Price: $0.40821 6.7473%
Market Cap: 59.97B 1.8022%
Volume (24h): 13.97B 0.4%
Dominance: 1.8022% 1.8022%
  • Price: $0.40821 6.7473%
  • Market Cap: 59.97B 1.8022%
  • Volume (24h): 13.97B 0.4%
  • Dominance: 1.8022% 1.8022%
  • Price: $0.40821 6.7473%
Home > Information news > Dogecoin’s Price Surge Attracts Investor Attention

Dogecoin’s Price Surge Attracts Investor Attention

Release: 2024/03/08 22:11 Reading: 213

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/65eb11abfad8876e25553fc7

You can also read this news on COINTURK NEWS: Dogecoin’s Price Surge Attracts Investor Attention

The largest memecoin Dogecoin (DOGE) continues to attract investor interest amid a significant price increase in recent weeks. In the last 24 hours, DOGE has seen an additional 10% rise, currently trading at $0.1669 with a market value of $23.93 billion. Leading analysts, including Ali Martinez, consider that the altcoin‘s price could experience a sixfold increase by mid-April.

Predictions of $1 for DOGE

While analysts remain optimistic about the future price trajectory of Dogecoin, famed crypto analyst Martinez has made a bold prediction that DOGE could reach $1 by mid-April. Martinez’s forecast is based on historical trends during Dogecoin’s previous bull markets and their parabolic rallies.

Similarly, the anonymous crypto analyst Altcoin Sherpa also revealed an expectation for Dogecoin to hit $1, aligning with Martinez’s prediction. The analyst pointed out two key resistance levels for DOGE at $0.20 and $0.35.

On-Chain Data Also Signals an Uptrend

Data provided by IntoTheBlock also supports an optimistic outlook for Dogecoin. The data reveals a significant increase in the number of ‘Dogecoin millionaires,’ who hold at least $1 million worth of DOGE. This notable rise since the end of February suggests increased investment activity among high-net-worth investors in the Dogecoin ecosystem.

As a concrete example of the increased on-chain activity of Dogecoin, it was discovered that a whale-level Dogecoin wallet address, which had been inactive for over 10 years, became active and made a move on March 7th. The data shows that the whale holds 747,645 DOGE, and the wallet owner transferred only 100 of their assets to an anonymous wallet address in a notable move.

As of the writing of this article, DOGE is trading at $0.1686, marking a 9.33% increase in the last 24 hours. Data indicates that the altcoin’s price has risen by 38.57% in the last 7 days and by 111.52% in the last 30 days.

The post first appeared on COINTURK NEWS: Dogecoin’s Price Surge Attracts Investor Attention

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.