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

Whales' Interest in Dogecoin Raises Growth Expectations

user avatar

by Giorgi Kostiuk

a year ago

The popular cryptocurrency Dogecoin experienced a drop to $0.30 but maintains potential interest thanks to investor and whale activity.

Current State of Dogecoin

Dogecoin, the largest and most popular memecoin, experienced a drop to the $0.30 level after a significant rally. Despite the price drop, interest in DOGE remains high, especially from investors and whales.

DOGE Futures Data

Coinglass data shows that the DOGE futures market reached a new record in open interest. The number of active contracts increased from 7.50 billion to 10.35 billion DOGE, indicating new money inflows and potential future volatility.

The increase in open interest indicates new money entering DOGE, potentially indicating a rise and upcoming volatility.None

Experts' Predictions

Market analyst Omkar Godbole expressed optimism about a rise in Dogecoin in the coming weeks, predicting the price to reach $0.5. Using historical data and the 50-day SMA, he noted DOGE’s best performance is historically in January with an average return of 85%.

DOGE has broken above the closely watched 50-day SMA, signaling a potential uptrend and the disappearance of a discount on Coinbase compared to Binance.None

Despite Dogecoin's price drop, new data and expert predictions provide hope for the cryptocurrency's growth in the near future, supported by investor backing and whale activity.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SHIB Burn Rate Plummets, Deflation Hype Dwindles

chest

The burn rate of Shiba Inu (SHIB) has dropped by 8614 in just 24 hours, leading to concerns about the project's deflationary narrative.

user avatarRajesh Kumar

Hashed CEO Reveals Ethereum's Fair Value Analysis

chest

Simon Seojoon Kim, CEO of Hashed, reveals Ethereum's fair value analysis, indicating it is trading approximately 80% undervalued based on a valuation tool using 12 models.

user avatarMiguel Rodriguez

ProBit Global Announces Comprehensive Winddown of Exchange Operations

chest

ProBit Global has initiated a structured termination of its exchange services due to regulatory pressures, starting with a halt on new signups and culminating in a full service shutdown by April 2026.

user avatarLuis Flores

Market Response to Confer's Premium Pricing and Accessibility

chest

Confer has introduced a premium subscription model priced at $35 per month, raising questions about accessibility for a wider audience.

user avatarMaria Gutierrez

Confer's Unique Privacy Architecture Outshines Mainstream AI

chest

Confer's launch highlights a significant advancement in AI privacy architecture, ensuring user conversations remain private through Trusted Execution Environments and end-to-end encryption.

user avatarAndrew Smith

Moxie Marlinspike Launches Confer, a Privacy-Focused AI Service

chest

Moxie Marlinspike, cofounder of Signal, launches Confer, a privacy-focused AI service designed to protect user conversations from corporate surveillance.

user avatarDavid Robinson

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.