• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Price Surges 15%: Current Situation Reviewed

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Increase and Stabilization

chest

Bitcoin price has started a fresh surge, clearing the 74,200 zone and aiming for further gains.

user avatarLuis Flores

Bitcoin and Ethereum ETFs Experience Major Capital Flows Amid Market Changes

chest

Bitcoin and Ethereum ETFs have experienced significant inflows and outflows influenced by macroeconomic factors and geopolitical tensions, with Bitcoin ETFs seeing a peak inflow of over $4.7 billion on April 6, 2023.

user avatarMaria Gutierrez

XRP and Solana ETFs Face Low Demand Amid Market Volatility

chest

XRP and Solana ETFs are facing low demand due to market volatility, with XRP attracting only $138 million and Solana just $1.169 million in inflows.

user avatarArif Mukhtar

CoW Swap Frontend Compromised, Users Advised to Stay Away

chest

CoW Swap, an Ethereum-based decentralized exchange aggregator, has warned users to avoid its protocol after its frontend interface was compromised.

user avatarDavid Robinson

Tether Launches Self-Custodial Digital Wallet TetherWallet

chest

Tether has launched a self-custodial digital wallet called TetherWallet, supporting USDT, USAT, Bitcoin, and XAUT, aimed at enhancing accessibility for mainstream users.

user avatarAndrew Smith

Senators Near Compromise on Stablecoin Yield Issue

chest

Senators negotiating the stablecoin yield issue are making progress, with a draft compromise expected to be released later this week.

user avatarJacob Williams

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.