The digital asset market has seen growth in some coins, including Dogecoin (DOGE), due to renewed investor interest.
Renewed Interest in Dogecoin
CoinGlass data reveals that DOGE has increased by 5.75% in the last 24 hours. Investors have shown renewed interest, opening positions worth 9.78 billion DOGE, equivalent to about $1.72 billion.
Dogecoin Surpasses Cardano in Market Cap
According to CoinMarketCap, Dogecoin's market cap reached $26.16 billion, allowing it to surpass Cardano, whose cap is $25.66 billion.
Analysis and Growth Prospects for Dogecoin
Renowned analyst Ali Martinez notes that Dogecoin's Bollinger Bands have narrowed, indicating a potential major price movement. The trading volume surge by 58.45% also supports positive forecasts.
Investor interest in Dogecoin continues to grow, supporting hopes for further price increases and market significance.
