Dogecoin $DOGE Gains Momentum Amid Rising Market Hype
Dogecoin (DOGE) has been one of the top performers among the impressive performance of meme coins. The token price is recovering after a massive drop in the recent market phase. The token rose 2% on the intraday chart, showing an upward trajectory. As the bitcoin halving approaches, DOGE is the top buy for investors to secure massive returns.
Following increased hype by key industry figures, especially Elon Musk's 70s movie tweet, a massive uptake of 21.74 billion DOGE across 953,590 wallets is seen. DOGE coin is expected to reach a new peak if the token's current trajectory continues, with it expected to surpass $0.7 in the coming weeks.
Technical indicators are also indicating a bullish trajectory for the meme coin. Trading at $0.16, DOGE is witnessing a huge surge in its trading volume, showing a growing demand for the meme coin in the upcoming market rally. Due to the optimistic outlook, community members are ready to capitalize on their hype-based tokenomics.