Dogecoin (DOGE) whales rising to test, newly acquired 27 billion coins is proof
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Despite the strain in the coin’s breakout potential in recent times, the 27.78 billion coins purchased is considered a vote of confidence by this group of buyers. The lowered price of the coin is considered a vote of confidence for the asset whose market value dropped as low as $0.145 in the trailing seven-day period.Dogecoin is one of the most volatile digital currencies in the market today with a very reactive community.
With more ingrained ecosystem functionalities, a new demand avenue for Dogecoin can be created, benefiting the entire meme coin community.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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