๐ถ Dogecoin (DOGE) Price Surges Another 7%, Preparing for a Parabolic Rally
๐ฐ Highlights of the Story
๐ณ Dogecoin whales bought 1.4 billion DOGE in the last two weeks
๐ Dogecoin's price pattern resembles the 2018-201 bull run with a parabolic rally ahead
๐ฐ DOGE open interest surpassed $2 billion during the current price surge
๐ The world's biggest meme coin, Dogecoin (DOGE), has shown strong growth, rising over 25% in the past week.
๐ On Sunday, March 31st, DOGE's price rose by an additional 7.29%, reaching $0.2156, with a market cap exceeding $30 billion.
๐ Since the start of 2024, DOGE has already surged by 134%.
๐ณ Dogecoin Whale Activity Surges
๐ On-chain data provider Santiment noted that DOGE's strong momentum is fueled by robust whale activity.
๐ฌ Currently leading as the top meme coin by market cap and ranked 8th overall in the crypto market, DOGE's recent rise is linked to significant dormant whales re-entering the market and moving their DOGE holdings.
๐ Interestingly, this surge lacks the typical FOMO sentiment that usually precedes market peaks, indicating there's more momentum left in this rally.