[Santiment issues a bullish signal for Dogecoin (DOGE)! 】
Dogecoin (DOGE), the world’s most famous meme coin, saw a strong price climb last week, rising by more than 25%, and has gained 134% since the beginning of 2024.
Santiment attributes Dogecoin’s price increase to increased whale activity. Data shows that large fund holders who were inactive in the past have restarted their DOGE assets and put them back into the market, which has driven the growth of DOGE.
Santiment also noted that this increase in DOGE price was not accompanied by the FOMO that is common at market tops, suggesting that this rally is likely to continue.
Dogecoin gained more than 10% in one day and is up 29% for the week. This rise, led by the world’s largest meme coin (8th among all cryptocurrencies by market capitalization), is aided by the long-dormant whale’s recirculation of DOGE. This rally is not driven by FOMO.
