Dogecoin Sees Price Surge Amid Increased Whale Activity
20.07.2024 16:30 1 min. read Alexander Stefanov
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
-
1
Ethereum Faces Key Resistance: Will It Break Through or Fall Back to $1,700?
23.03.2025 15:00 2 min. read -
2
XRP in Danger, Solana at Key Level, and Dogecoin Attracts Big Buyers
21.03.2025 8:00 2 min. read -
3
Ethereum Faces Crucial Turning Point as Exchange Supply Hits 8-Year Low
22.03.2025 9:00 1 min. read -
4
Here Are the Top 12 Cryptos That Gained in the Last 90 Days
10.03.2025 20:00 1 min. read -
5
Crypto Expert Highlights Three Memecoins Poised for Comeback
24.03.2025 13:45 1 min. read
Here Is Where Investor Attention Is Shifting Amid Altcoin Market Turmoil
Following the announcement of bilateral tariffs by US President Donald Trump on April 2, coinciding with Independence Day, and China’s prompt response, the cryptocurrency market has seen significant downturns.
Grayscale Targets Solana ETF Launch, Staking Rewards Excluded
Grayscale has taken a significant step by filing an S-1 form with the U.S. Securities and Exchange Commission (SEC) to transition its Solana Trust into an exchange-traded fund (ETF).
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
Coinbase is making moves to expand its crypto derivatives offerings by filing with the US Commodity Futures Trading Commission (CFTC) to introduce futures contracts for XRP.
Retail Investors Fuel XRP Surge While Bitcoin Lags Behind
Retail investors are increasingly favoring XRP over Bitcoin, as Glassnode data shows a dramatic 490% increase in XRP’s daily active addresses, compared to just 10% for Bitcoin since the 2022 market low.
-
1
Ethereum Faces Key Resistance: Will It Break Through or Fall Back to $1,700?
23.03.2025 15:00 2 min. read -
2
XRP in Danger, Solana at Key Level, and Dogecoin Attracts Big Buyers
21.03.2025 8:00 2 min. read -
3
Ethereum Faces Crucial Turning Point as Exchange Supply Hits 8-Year Low
22.03.2025 9:00 1 min. read -
4
Here Are the Top 12 Cryptos That Gained in the Last 90 Days
10.03.2025 20:00 1 min. read -
5
Crypto Expert Highlights Three Memecoins Poised for Comeback
24.03.2025 13:45 1 min. read
