Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Oct / 20
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- Dogecoin Skyrockets 1,856% in Netflows as Whales Trigger Massive Moves
- Oct 20, 2024 at 09:19 pm U_Today
- Dogecoin (DOGE), a dog-themed cryptocurrency, has surged by nearly 29% in the last week, outperforming the top 50 cryptocurrencies. The price hike is accompanied by a substantial 1,856% increase in large holder netflows, indicating major players' accumulation and positive sentiment. Elon Musk's recent tweet has further fueled interest, while technical analysis shows modest profit-taking but robust support at key moving averages. Potential price targets include $0.17 and $0.19, with the 50-day moving average providing support at $0.108. Currently ranked eighth by market capitalization at $20.83 billion, Dogecoin has evolved from a joke into a legitimate cryptocurrency.
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