#doge⚡
Dogecoin price doubles, over 90% of holders in profit! Is a new bull market coming?
Dogecoin has started to rise sharply this week. The price has doubled in the past month, and it is said to have recently increased by 115%!
This time, Dogecoin is really pushing upwards, breaking the $0.22 mark for the first time in over seven months since April 1st. This breakthrough means that Dogecoin's price is at its highest point this year. Moreover, with such a rise, those who hold Dogecoin are starting to make money.
The high point of Dogecoin over the past seven months has allowed most people to profit.
Recently, as the price has risen, the majority of Dogecoin holders are making money. Specifically, 5.82 million addresses have made a profit, accounting for 91.17% of the total.
Speaking of the price range for buying Dogecoin, those who bought between $0.178537 and $0.242947 are mostly making a profit now.
A new week has begun, and how Dogecoin's price will move depends on market dynamics and everyone's profitability. One possibility is that Dogecoin continues to rise. However, although the upward trend is good, breaking through this year's new high will be a bit challenging due to resistance levels.
With many people making money now, everyone might want to sell a bit to pocket their gains, which could lead to a drop in price. If more people sell and fewer people buy, the price of Dogecoin could drop significantly.
Dogecoin currently has a market value of $34.9 billion.
Another possibility is that Dogecoin can continue to rise, laying a good foundation for the upcoming week's increase. If everyone remains this active in buying, Dogecoin might approach its historical high of $0.7316 by the end of the year.
Recently, I plan to set up a potential coin that is ready to explode; it’s quite simple to double. I am also preparing to find some potential coins to hold until the end of the year, with an expected space of more than 10 times being quite feasible. If you want to follow along, leave a message, follow, like, and share freely.
