Dogecoin Price Surges 15%: Current Situation Reviewed

user avatar

by Giorgi Kostiuk

2 years ago

Memecoins are experiencing significant price rallies as we enter the new year. Dogecoin price surged 15%, breaking a month-long downtrend.

Dogecoin Price Increase

According to CoinMarketCap, Dogecoin price increased by around 15% today. The DOGE token is trading at $0.391, slightly below the $0.4 price level. Trading volume surged by over 120%, with a market cap standing above $57.67 billion, marking a 15% rise.

Whale Accumulation of Dogecoin

One of the major reasons behind the DOGE price surge is whales accumulating over 1.08 billion Dogecoin tokens. Based on market analyst Ali Martinez's X post, whales holding between 10 million to 1 million DOGE tokens have made this purchase. The collective tokens held by whales reached 46.36 billion.

Potential for New ATH

The renewed interest in Dogecoin made it the top trending token on CoinMarketCap. If Dogecoin surpasses the key resistance level at $0.41225, the price rally could continue, increasing hopes for a new ATH. However, if it fails to cross this resistance, a consolidation period might follow with key support at $0.32190.

As the top memecoin by market capitalization, Dogecoin's price rise seems imminent in 2025, potentially leading to a new ATH if the market sees an overall increase.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC's Derivatives Trading Volume Reaches New Heights in Q3 2026

MEXC's derivatives trading volume reached 963 billion in Q3 2026, ranking fourth among exchanges.

user avatarEmily Carter

Sui Foundation Discusses Programmable Transaction Documentation

Sui Foundation discusses the benefits of programmable transaction documentation for executing multiple commands in financial workflows.

user avatarLi Weicheng

Bitcoin White Paper Celebrates Eighteenth Anniversary

On October 31, 2023, the Bitcoin white paper, originally introduced by Satoshi Nakamoto, celebrates its eighteenth anniversary, outlining a system to verify payment history without a central ledger.

user avatarLucas Weissmann

MEXC Celebrates Bitcoin Whitepaper Day with New Campaign

MEXC celebrates the 18th anniversary of the Bitcoin whitepaper with a campaign aimed at fostering community dialogue and exploring new financial opportunities.

user avatarFilippo Romano

MEXC Ranks Second in Commodity Perpetuals Trading Volume in Q3 2026

MEXC ranked second in commodity perpetuals trading volume in Q3 2026, capturing a 17.43% market share.

user avatarTomas Novak

Bitcoin ETF Withdrawals Signal Caution Among Investors

Bitcoin ETF withdrawals on October 30 signal growing caution among investors amid security concerns and market volatility.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.