DOGE Eyes 200% Surge, According to This Major Metric
Release: 2024/06/01 16:14 Reading: 472
Cryptocurrency Analyst Predicts Significant Price Surge for Dogecoin
Cryptocurrency trader and analyst Ali Martinez anticipates a substantial price surge for Dogecoin (DOGE).
According to Martinez, market sentiment for DOGE is currently bearish, similar to the period in February 2024 when the meme coin experienced a remarkable 200% increase.
Whales Accumulate Dogecoin
Martinez noted that whales have recently acquired significant amounts of Dogecoin, with over 700 million DOGE accumulated within the past three days. The analyst also highlighted massive transactions totaling approximately 1.5 billion DOGE, indicating extensive trading activity.
Popular cryptocurrency tracker Whale Alert has detected several large Dogecoin transfers, totaling 1.579 billion DOGE worth $251,410,009.
Current Price and Performance
As of publication time, DOGE is trading at $0.15887, exhibiting a 2.89% increase after an overnight decline of 4.25%.
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