The crypto market is in perpetual turmoil, and Dogecoin is currently one of its protagonists. In the space of a week, its price has jumped by 21%, surpassing competitors such as Shiba Inu, Pepe and Bonk. This performance is no coincidence. Institutional investors and super-rich people have massively positioned themselves on the asset, as evidenced by the purchase of 1.08 billion DOGE for an estimated value of $413 million. A notable transaction of 399.9 million DOGE, or approximately $144.9 million, was also transferred from Binance to an unknown wallet, a movement often seen as a bullish signal indicating a reduction in selling pressure. For some observers, the asset could finally cross the symbolic barrier of $1 by the end of the year, thus propelling its capitalization to $100 billion. However, is this momentum based on solid fundamentals or is it simply speculative hype? Between strategic accumulations, optimistic analyses and favorable political contexts, Dogecoin could well be on the cusp of a new bullish cycle.
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