Dogecoin has recently surged in value, capturing the spotlight with a significant weekly gain.
This spike is attributed to major whale transactions and positive on-chain metrics, suggesting the cryptocurrency might continue to rise.
Dogecoin’s price boost has been fueled by large transactions, with a notable whale accumulating 800 million DOGE through two deals on Robinhood, worth around $101 million. This surge in whale interest indicates growing confidence in the cryptocurrency.
Additionally, on-chain data shows that 75% of DOGE holders are currently in profit, and large holders control 62% of the total supply. The cryptocurrency has also reached a milestone of 90 million addresses, pointing to increasing adoption.
Technical analysis suggests that if Dogecoin breaks through the $0.128 resistance level, it could potentially climb to $0.174, with further gains possible up to $0.228.
At the time of writing, Dogecoin’s price has risen 8% in the past 24 hours to $0.134, with trading volume of around $1.07 billion
Ethereum’s network just witnessed a seismic shift in activity.
Binance has officially launched a new airdrop event for Verasity (VRA) through its Binance Alpha platform, giving eligible users the chance to claim free tokens and compete for a massive prize pool.
XRP has emerged from a months-long consolidation with renewed bullish momentum, reigniting trader interest in its next major price target.
Despite recent gains across select DeFi and RWA tokens, Bitcoin continues to dominate the crypto landscape, with the Altcoin Season Index sitting at 43/100, according to today’s CoinMarketCap data.