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The meme-inspired cryptocurrency Dogecoin ($DOGE) has seen its price skyrocket amid a wider cryptocurrency market rally, and is now trading above the $0.40 mark after rising more than 140% in the last seven days.
Dogecoin witnessed a golden cross on its weekly chart, hinting at a rally towards $1.
Billionaire entrepreneur and television personality Mark Cuban has been an avid supporter of Dogecoin (CRYPTO: DOGE) over the years, using his public image and social media reach to drive investments in the dog-themed cryptocurrency. What happened: In one such post on X (formerly Twitter) in August 2021, the popular "shark" talked about the meme coin's greatest strengths.
Dogecoin breaks through $0.41, marking a three-year high amid a 43.4% daily surge, driven by Bitcoin's new all-time high and strong bullish sentiment across trading platforms.
Dogecoin, the original meme coin, has surged remarkably in November, outperforming many top-tier crypto assets in the ongoing bull run. Over the past week alone, Dogecoin (DOGE) has witnessed a massive rally, climbing by an impressive 143%.
With such a strong rally, it comes as no surprise seeing the coin post very high trading volumes and notable liquidations.
Digital coins continue to ride on Donald Trump's election victory, with the global cryptocurrency market cap challenging GDPs of nations like France and the UK. While Trump-themed tokens join Dogecoin's outperformance in the ongoing bull run, Bitcoin's jump towards $90,000 has triggered optimism in the entire altcoin market.
Dogecoin's price surge of over $0.4 is fueled by returning whales and a rise in smaller retail wallets accumulating the meme coin.
Dogecoin's latest surge is largely driven by excitement over tech entrepreneur Elon Musk's support.
On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here's what they have been up to.
Launched in December 2013 as a joke, Dogecoin is now one of the major assets in the crypto world with a value of 60 billion dollars.
Analysts say Dogecoin proponent Elon Musk's involvement in the upcoming Trump administration is adding fuel to the memecoin's surge.
As its price soars, Dogecoin is once again reminding everyone of itself after surpassing the $0.40 threshold for the first time in more than three years. This notable surge demonstrates DOGE's continued appeal and speculative strength, which have enthralled both small and major cryptocurrency investors.
Dogecoin (CRYPTO: DOGE) has jumped more than 140% in the last seven days as traders spot a technical pattern that previously preceded a massive price surge in the meme cryptocurrency. What Happened: A “golden cross” — where the 50-day moving average crosses above the 200-day moving average — has appeared in Dogecoin's price chart.
DOGE and SHIB account for over 60% of the entire market capitalization of the niche.
Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.
The Dogecoin bull run is getting intensified as the token is heading towards higher targets effortlessly. The recent rise of over 250% in the past few days has pushed the token higher to become the 6th largest crypto in the market with a market capitalisation of $60 billion.
The altcoin season is picking up pace, with the Bitcoin price claiming a new ATH above $89,000. The Meme Coins market cap has crossed the $100 billion mark at $110.26 billion. With more than 50% of its market cap concentrated in Dogecoin's $58.60 billion market cap, smaller-cap Meme Coins showcases a massive upside potential.
Over the last week, Dogecoin has surprised the market by soaring over 150%. Its price went from $0.16824 to as high as $0.42275, and while it's still below its all-time high of $0.7376, excitement is in the air.
Over the last week, Dogecoin has surprised the market by soaring over 150%. Its price went from $0.16824 to as high as $0.42275, and while it's still below its all-time high of $0.7376, excitement is in the air.
Dogecoin (DOGE) has continued its positive trend and surpassed the predicted price level.
DOGE is the top performer from the larger-cap alts on a weekly scale.
Dogecoin price recorded 43.4% extended gains over the last 24 hours and is now trading at $0.4050. This increase follows Bitcoin's aggressive surge to a new all-time high of $89,561.
Dogecoin ($DOGE) is back in the spotlight as it surges to a 3-year high, crossing the $0.41 mark. The post Dogecoin Surges 45% as Bitcoin Hits New ATH Amid Post-Election Optimism appeared first on Cryptonews.
