Dogecoin Price Forecast As Whale Activity Spikes Is $1 Still on the Horizon?
DOGE, a popular meme coin, has experienced market volatility over the past day hours following a slight bullish trend. According to data from CoinMarketCap, as of the time of writting, Dogecoin price is trading at $0.1365. This price represents a 0.66% increase over the last day. The coin currently has a market capitalization of approximately $ 18 billion, ranking it 8th among all cryptocurrencies. Over the same period, the 24-hour trading volume has decreased by 28% to about $456 million despite market recovery
In the past week, Dogecoin’s value has fallen by 9%, oscillating between $0.12 and $0.14. This reflects ongoing market fluctuations. The struggle for control between buyers and sellers remains to be evident.
Over the last month, the cryptocurrency has seen a significant 22% downturn. Following market adjustments, it descended from just above the critical $0.15 level earlier this month. This decline has intensified pessimistic outlooks as the selling pressure continues. According to data from IntoTheBlock, Dogecoin has seen significant activity, with a total of 6.93 billion coins moved within a day. This movement marks a growth rate of 2.35% in large transactions, indicating a slight upward trend for the cryptocurrency. Additionally, the coin’s funding rate dipped into negative territory.
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