The price of Dogecoin (DOGE) continues to attract attention in the digital asset market following significant growth in trader interest.
Realized Losses of Dogecoin
According to Glassnode data, over the last 24 hours, Dogecoin has recorded high realized losses of $132 million against a mere $5 million in profits. This positions Dogecoin ahead of other major cryptocurrencies in this metric, surpassing Bitcoin and Ethereum. In comparison, Bitcoin recorded $33 million in losses with $1.3 billion in profits, while Ethereum experienced $18.4 million in losses alongside $35.2 million in realized gains. Most Dogecoin wallets remain profitable, indicating steady foundational support for the coin.
Dogecoin Price Trends and Forecasts
According to CoinMarketCap data, the current price of Dogecoin stands at approximately $0.1645, marking a 6.65% gain over the past week. However, the price chart reflects brief upward momentum followed by a correction, signaling trader indecision. Trading volume has increased by 81.54% to $752.12 million, suggesting growing interest. Some analysts expect Dogecoin to remain range-bound in the short term due to a lack of significant catalysts.
Increased Interest in Altcoins
Amid rising interest in altcoins, Dogecoin illustrates how capital rotation is beginning to shift. For example, Bitcoin remains the dominant profit generator with minimal losses, while Ethereum is attracting fresh buying from larger holders. These movements indicate growing institutional activity and deeper integration of Ethereum into DeFi platforms. While Dogecoin continues to experience losses, it remains an actively traded asset that attracts attention.
The price of Dogecoin shows significant losses, but most long-term holders remain in profit. Considering the current trends, Dogecoin continues to attract interest, which may create future opportunities in the market.
