A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0

ZyCrypto 2025-02-11 20:36:19

Dogecoin Witnesses Skyrocketing Whale Confidence with the Apex Meme Coin Mirroring its Q3 2024 Trend

Dogecoin Witnesses Skyrocketing Whale Confidence with the Apex Meme Coin Mirroring its Q3 2024 Trend

As Dogecoin (DOGE) continues to enjoy a year-to-date increase of 220.9%, the top meme coin is not showing any signs of relenting. This can be shown by the fact that whales recently took the opportunity created by the recent dip to amass 750 million DOGE . With Dogecoin continuously mirroring its 2024’s third quarter trend, the eighth-largest cryptocurrency might be eyeing a bullish run in the next one to two months. Market analyst Cas Abbe acknowledged , “DOGE fractal looks very similar to Q3 2024. A big crash followed by a few weeks of consolidation. After that, DOGE went on a parabolic rally and pumped 300% in just 4-6 weeks. I think this time it won’t be any different.” Source: Cas Abbe Dogecoin’s Open Interest Turns Green According to Coinglass data, Dogecoin’s open interest has been uptrending after recording an 8.32% increase to hit $2.47 billion. Therefore, this paints a bullish picture since a surge in open interest depicts the flow of new money into the market, making it a positive sentiment indicator since a trend continuation is expected. Amid heightened whale accumulation, renowned trading analyst Chandler Bing recently gave an optimistic Dogecoin outlook that the apex meme coin was eyeing a 7x increase based on its previous bull runs relative to Ethereum (ETH) and Bitcoin (BTC). At the time of writing, Dogecoin’s price was hovering around the $0.25 zone with the meme coin showing heightened efforts of reclaiming the psychological threshold of $0.30.

가장 많이 읽은 뉴스

Analysts Discuss Solana Price Prediction, Rem...
2025-02-12
Federal Court Bans My Big Coin Founder, Order...
2025-02-12
Drosera closes $3.25M funding round; Can it s...
2025-02-12
Solo Miner Hits Jackpot, Earns $310K for Mini...
2025-02-12
Exploring the Benefits of Purchasing a Nemesi...
2025-02-12
Goldman Sachs’ Ethereum ETF Holdings Surge 2,...
2025-02-12
Pi Network Open Network Launch Date Revealed!...
2025-02-12
XRP Price Struggles to Hold Gains—Could Bears...
2025-02-12

Cryptohopper

관련뉴스

Test Token (TST) Down 60% – Best Meme Coins to Buy...
12 Feb 2025
Big News: Novogratz Says Bitcoin Could Appear on U...
12 Feb 2025
Crypto Prices Today (Feb 12): BTC Dips To $95K, Al...
12 Feb 2025
Solaxy Presale Hits $19M Milestone: Could $SOLX Re...
12 Feb 2025
A16z's Crypto Policy Head Brian Quintenz Picked to...
12 Feb 2025
Amber Withdraws 21.33 Million USDT from Binance: W...
12 Feb 2025

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.