Dogecoin Wallet Reawakens To 30,000% Gains After 9-Year Dormancy
Portfolio Pulse from Mehab Qureshi
A Dogecoin wallet that had been inactive for over 9.3 years has reawakened, now holding more than $1.31 million worth of Dogecoin. This coincides with Circle CEO Jeremy Allaire's expectation of significant demand for digital assets, including Dogecoin, Bitcoin, Ethereum, and Cardano, in emerging markets. The wallet owner is speculated to have acquired the tokens shortly after Dogecoin's launch in 2013. At the time of writing, DOGE was trading at $0.065, up 0.67% in the last 24 hours.
June 28, 2023 | 7:01 am
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Circle CEO Jeremy Allaire expects significant demand for Cardano in emerging markets.
The expectation of increased demand for Cardano in emerging markets by Circle's CEO could potentially drive up the price of Cardano in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Circle CEO Jeremy Allaire expects significant demand for Bitcoin in emerging markets.
The expectation of increased demand for Bitcoin in emerging markets by Circle's CEO could potentially drive up the price of Bitcoin in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
A dormant Dogecoin wallet has reawakened, now holding over $1.31 million in DOGE. This coincides with increased expected demand for digital assets in emerging markets.
The reawakening of a dormant Dogecoin wallet, now holding a significant amount of DOGE, indicates increased activity and potential demand for the cryptocurrency. This, coupled with the Circle CEO's expectation of increased demand for digital assets in emerging markets, could potentially drive up the price of DOGE in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Circle CEO Jeremy Allaire expects significant demand for Ethereum in emerging markets.
The expectation of increased demand for Ethereum in emerging markets by Circle's CEO could potentially drive up the price of Ethereum in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50