Dogecoin Price Surges Over 30%: Will DOGE Rise Further?

  • The world’s largest meme coin, Dogecoin (DOGE), has marked significant gains of 33% in the last 24 hours, reaching above $0.1 for the first time since November 2022.
  • As the Dogecoin (DOGE) price surpassed 12 cents, the 24-hour trading volumes skyrocketed by a staggering 156%, reaching $4.77 billion.
  • According to data from the blockchain tracking platform Whale Alert, a total of 276.21 million DOGE has been accumulated from the American financial services company Robinhood.

The Dogecoin price has gained significantly in the last 24 hours, attracting attention; could DOGE rise further? Current predictions!

Dogecoin Price Surges Over 30%

dogecoin-doge

The world’s largest meme coin, Dogecoin (DOGE), has marked significant gains of 33% in the last 24 hours, reaching above $0.1 for the first time since November 2022. At the time of writing, the Dogecoin (DOGE) price is trading at $0.125, reflecting a 33% increase, with a market value set at $17.91 billion.

As the Dogecoin (DOGE) price surpassed 12 cents, the 24-hour trading volumes skyrocketed by a staggering 156%, reaching $4.77 billion. Over the past week, DOGE’s price has surged by 50%, indicating the beginning of the next bull run. For the fourth time in its history, Dogecoin is signaling a two-week super trend buying signal. Each time this signal has been confirmed in the past, it has immediately led to a parabolic price movement for DOGE in the following months.

Additionally, Dogecoin is currently experiencing significant accumulation by a strong whale. According to data from the Whale Alert platform, a total of 276.21 million DOGE has been accumulated from the American financial services company Robinhood.

According to Whale Alert’s data, two significant whale transactions were responsible for accumulating this substantial amount. The first transaction showed that the address DEndnpPewG…gWLmkNMAtU accumulated 172.89 million DOGE worth $16.59 million. On the other hand, the second transaction showed that the address DGG1Ght6LB…pcSXme8X5S accumulated 103.32 million DOGE worth $9.87 million.

DOGE Price Target and the Rise of Meme Coins

Renowned crypto trading expert Ali Martinez made a bold prediction foreseeing a potential parabolic surge for Dogecoin. Martinez anticipates that Dogecoin could skyrocket to $1.7 by April, deducing this from historical chart patterns and the ever-changing dynamics of the market.

The recent Dogecoin price movement has initiated a rally in the meme coin space. Shiba Inu has also gained 20% in the last 24 hours and is currently trading at $0.00001301, with a market value of $7.67 billion. Daily trading volumes have increased by 70%, surpassing $1.5 billion.

Moreover, recent reports indicate that Shiba Inu will introduce a new privacy-focused network on the Shibarium blockchain, enhancing the value proposition of SHIB tokens. Simultaneously, Shiba Inu Futures open positions have seen a significant increase, reaching 120%. In the future, the Shiba Inu price might likely target levels of $0.0000119, $0.0000158, and $0.000018.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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