Price: $0.39503 2.7852%
Market Cap: 58.03B 1.7547%
Volume (24h): 8.54B 0.4%
Dominance: 1.7547%
Price: $0.39503 2.7852%
Market Cap: 58.03B 1.7547%
Volume (24h): 8.54B 0.4%
Dominance: 1.7547% 1.7547%
  • Price: $0.39503 2.7852%
  • Market Cap: 58.03B 1.7547%
  • Volume (24h): 8.54B 0.4%
  • Dominance: 1.7547% 1.7547%
  • Price: $0.39503 2.7852%
Home > Information news > Dogecoin Rockets in Epic Rebound: What’s Behind the Surge?

Dogecoin Rockets in Epic Rebound: What’s Behind the Surge?

Release: 2024/03/25 22:11 Reading: 388

Original author:Crypto News Land

Original source:https://coinmarketcap.com/community/en/articles/65fcbcfae682ff52ca2eb474

Dogecoin Rockets in Epic Rebound: What’s Behind the Surge?

  • Dogecoin has surged by 17%, showcasing an epic bounceback.
  • The resurgence of DOGE can be attributed to several factors, including a market recovery and anticipation for Coinbase futures.
  • The cryptocurrency market surged, with Bitcoin reaching $68,000.

In a flurry of activity, Dogecoin (DOGE) has surged back into the limelight with an impressive 17% jump. This remarkable turnaround comes after a brief period of decline, sparking excitement among both the crypto community and investors. 

Currently trading at $0.16, DOGE has seen a notable uptick of 16.30% within the last 24 hours, indicating a renewed sense of optimism among traders. Several factors are believed to have contributed to this resurgence. 

Firstly, the broader cryptocurrency market is undergoing a revival, with major digital assets like Bitcoin showing significant gains. This positive sentiment has spilled over to DOGE, propelling its upward momentum. Additionally, there’s anticipation surrounding the forthcoming launch of U.S.-regulated futures for Dogecoin by Coinbase, alongside Litecoin and Bitcoin Cash. Coinbase’s move to file certifications for these futures has added further fuel to DOGE’s rally.

Meanwhile, the cryptocurrency market as a whole is on an upward trajectory, with Bitcoin reclaiming the $68,000 mark. This upward movement coincides with a dovish stance from U.S. Federal Reserve Chair Jerome Powell, who has reaffirmed the central bank’s forecast for three rate cuts despite recent inflation data surpassing expectations. In response, crypto markets surged, with Bitcoin leading the charge.

Interestingly, DOGE’s surge follows a recent dip, during which it fell to $0.122 on March 20 before bouncing back strongly. Wednesday’s trading session saw DOGE reach intraday highs of $0.1578, highlighting the inherent volatility of the crypto space.

Read also:

The post Dogecoin Rockets in Epic Rebound: What’s Behind the Surge? appeared first on Crypto News Land.

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.