Dogecoin Spikes 15% Ahead Of Doge Day, As Whale Transactions Surge
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) experienced a 15% rally in the past 24 hours, with a 40% increase in weekly gains, attributed to a surge in whale transactions and daily active addresses. Dogecoin20, an Ethereum-based derivative, raised $10 million in its presale. Large transaction volumes for Dogecoin rose by 92.8%, reaching $5.29 billion, and daily active addresses increased by 13.5%, totaling 199,190. A significant transfer of 250 million DOGE to Robinhood was reported. Optimism is high in the Dogecoin community, partly due to Elon Musk's payment company obtaining more licenses. Dogecoin's market cap surpassed $30 billion, with predictions of its price reaching between $0.465 to $1.
March 28, 2024 | 3:31 pm
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Dogecoin's price surged 15% in 24 hours, with a 40% weekly gain, driven by increased whale transactions and active addresses. Its market cap crossed $30 billion, and price predictions suggest a potential rise to between $0.465 to $1.
The significant increase in Dogecoin's price and market cap is attributed to a surge in whale transactions and active addresses, indicating strong investor interest. The optimistic price predictions by analysts further support the potential for continued upward momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100