• 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

Peter Schiff Highlights Bitcoin's Decline in Value Compared to Gold

chest

Peter Schiff argues that Bitcoin has lost significant value when measured against gold since its peak in November 2021.

user avatarMiguel Rodriguez

Ripple's Broader Acquisition Strategy May Shape Long-Term Outcomes

chest

Ripple's recent acquisitions, including Metaco and GTreasury, are part of a broader strategy aimed at long-term positioning in the financial services sector.

user avatarLuis Flores

Heavy Shorting of MSTR Seen as Positioning Signal

chest

Analysts suggest that the heavy short interest in MSTR is a signal of market positioning rather than a fundamental issue.

user avatarArif Mukhtar

MSTR Faces Significant Losses Amid Bitcoin Decline

chest

MSTR faces unrealized losses of approximately $53 billion as Bitcoin prices decline significantly.

user avatarDavid Robinson

Coinbase Shares Decline Amid Falling Crypto Prices

chest

Coinbase COIN shares have dropped around 40% in the last six months due to falling crypto prices and missed earnings expectations, but analysts believe the stock is currently undervalued.

user avatarMaria Gutierrez

Bitcoin Threatens to Break Previous Monthly Cycle High

chest

Bitcoin is nearing a critical point where it may break the previous monthly cycle high of 61,359, a first in its history.

user avatarAndrew Smith

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.