📈🚀#dogecoin surpasses $0.22 mark, analysts predict bullish future🚀💰
🚀💸According to CryptoPotato, Dogecoin (#DOGE🔥🔥 ), the first meme coin in the cryptocurrency industry, saw a significant resurgence last week when it crossed the $0.22 mark, a price not seen since November 2021. Data from CoinGecko reveal that the price of DOGE has increased by 22.3%. weekly, and its trading volume has increased more than 50% to 3.17 billion. DOGE is currently trading at $0.20, with a market cap of over $30 billion, well above Cardano (ADA), making it the eighth largest cryptocurrency.🪙💹
Popular analyst Alí Martínez stated that DOGE has been overshadowed by most of the new entrants to the meme coin market, but remains the “most important altcoin” in this sector. Martinez believes that from a technical perspective, DOGE appears to mirror the 2018-2021 pattern, suggesting that it could be at the beginning of a massive parabolic bull run.
#DOGE🔥🔥 remains one of the most popular meme coins after its bullish performance last week. Over $5 million worth of DOGE shorts have been liquidated in the last 24 hours alone. Furthermore, IntotheBlock data shows that almost 90% of DOGE holders are making profits. Most analysts are recovering DOGE and forecasting new prices in the short and long term. Altcoin Sherpa predicts a 3x rise for DOGE in the next six months, while market intelligence platform Santiment suggests DOGE is giving bullish signals after last week's performance. It looks like DOGE could make a comeback as the major dormant whales wake up again and put DOGE back into circulation.📊💵
