🚀🐕 Dogecoin soars 10%! 🐕🚀

Dogecoin has finally broken out of its long slump, surging 10% in the last 48 hours! 🎉 DOGE holders have been waiting a long time for this news, watching DOGE fall more and more. According to blockchain data, Dogecoin's large transaction volume skyrocketed to $1 billion, along with an increase in transactions larger than $100,000. 📈

Data from IntoTheBlock reveals that large transaction volume rose 37.1% to $1 billion, while daily addresses increased 8%. Transactions over $100,000 increased from 129 on June 23 to 316 on June 24. Additionally, total exchange flows doubled from $11.6 million to $24 million. 💸

DOGE had fallen more than 20% since the beginning of May, despite the increase in trading activity. Today's increase has been unexpected and the cause is still unclear. Dogecoin had an explosive rise in early March, following Bitcoin's rally. While BTC reached a new all-time high, DOGE entered the top 10 cryptocurrencies by market capitalization. However, DOGE and other cryptocurrencies are down in a generally bearish market. 📉

📉 Many investors feel that meme coins, such as DOGE, PEPE, and Shiba Inu, have lost popularity in the last month. Bitcoin's decline since its ETF launch has also not helped Dogecoin and other assets. With Bitcoin falling below $64,000, DOGE and other assets followed the same trend.

📈 BTC had a small rally in the last 24 hours of 2%, trading just above $62,000. This could have caused a slight bounce for DOGE as well. Perhaps the upcoming approval of Ethereum spot ETFs can see Bitcoin rebound with healthy competition. This competition could help propel meme coins like DOGE back into the spotlight. 🌟

#DogecoinCommunity #CryptoNews🚀🔥 #Bitcoin❗ #EthereumETF 🚀🐕 $DOGE