Dogecoin: The code of wealth in the ups and downs?

With the number of registered users of Binance exceeding 240 million, the cryptocurrency market is becoming increasingly hot, and Dogecoin is undoubtedly one of the most eye-catching "stars". Recently, news such as Trump's return to politics and Musk's taking over the new department (DOGE) have made Dogecoin the focus again, and the market has soared all the way. Both veterans and novices in the currency circle are eager to move by this wave of market.

The price trend of Dogecoin is legendary, and it is no exaggeration to describe it as "big ups and downs, kingly style". According to veteran analyst Ali Martinez, it soared 9,470 times in 2017, even though it suffered a sharp drop of 40% and 84% during the period; in 2021, it was even more powerful, with an increase of 30,700 times, and then also experienced a 46% and 53% correction. Martinez firmly believes that such drastic price fluctuations are the key to long-term profitability. At present, the performance of Dogecoin is still remarkable, with a 240-fold increase in the past month and a market value of $60 billion. Although the current price fluctuates around $0.37 and fell 4% yesterday, Ali Martinez reminded investors not to panic. If you want to ride the Dogecoin wealth train to become a millionaire, patience and faith are indispensable.

From a technical perspective, Dogecoin has successfully broken through the 20-day and 50-day moving averages, and the weekly chart also shows an upward trend. If subsequent funds continue to flow in, it is not far-fetched to hit the $1 mark. After all, the current price still has 163% room to rise from $1.

Network data also provides strong evidence for the popularity of Dogecoin. IntoTheBlock data shows that the activity of the Dogecoin network has exploded, and the weekly transaction volume has exceeded 6 million, and the popularity has risen sharply. Santiment data shows that the number of small wallets has increased rapidly, and retail investors are enthusiastic and have flocked to the Dogecoin market.

Crypto analyst Crypto Kaleo is also optimistic about the market outlook for Dogecoin. He pointed out that according to historical rules, Dogecoin tends to rise sharply about 200 days after Bitcoin halving. If history repeats itself, Dogecoin is expected to continue its glory in the coming months.

Today's Dogecoin has become more mainstream than expected, and the $1 target seems to be within reach.#超级MEME周期？ #marvin尾数地址7055