Hi Guys,
It's Big & Big #alert ABOUT $DOGE Growth !!
Dogecoin Growth Stalls as Traders Switch Attention to New Dogeverse Meme Coin ICO
The meme coin market’s “top dog,” Dogecoin, has tripped today as its price retraces 1.5%.
However, several new meme coins are looking bullish, with the emerging Dogeverse presale gathering pace having raised over $12m
Traders Lack Interest in DOGE as Price Stagnates
Amid a period of market chop this month, bears have dominated the Dogecoin market, causing its price to slump.
Currently, Dogecoin is trading at $0.138, down 1.5% today, 12.5% this week, and 33% this month.
It has suffered much more than the market average, with Bitcoin and Ethereum down 11% and 12%, respectively, this month. Meanwhile, the number three meme coin Pepe is down
just 7% in the same period.
Dogecoin’s market cap is $373 million, and its 24-hour trading volume is $982 million.
However, turmoil has struck the crypto market in recent hours, and mass long liquidations have made matters worse for Dogecoin bulls. According to Coinglass data, over 1.7 million leveraged longs have been wiped out over the past hour, compared to just $5K in shorts.
But despite the recent lackluster performance, analysts remain forward-looking and optimistic about Dogecoin. This is mainly due to the crypto broader market’s bullish outlook, with the four-yearly Bitcoin halving historically always triggering parabolic altcoin rallies.
Prominent commentator Ali Martinez referenced Dogecoin’s historical price data, forecasting another explosive upswing is on the horizon.
“Dogecoin is showing its classic pattern once again! DOGE is currently consolidating after breaking out from a descending triangle. Based on past trends, we might see DOGE rocket towards $1 in the coming weeks,” he wrote on X recently.
