After tumultuous week, Dogecoin finally registering rebound
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However, within the last 24 hours, the dog-themed meme coin has seen a huge surge in market value. DOGE registered a 15% increase and is currently trading at $0.1082. While this jump is yet to sufficiently cover its recent losses, it reflects that the crypto asset is gaining validation from its big buyers who are confident in its ability to rebound soon.
This recovery might fast-track its next major milestone to breach the 100 million addresses landmark soon. It surpassed 90 million recently, aswall that could provide support for the meme coin. The demand zone was established in the price range between $0.081 and $0.099. Within this range, it was discovered that approximately 11.36 billion DOGE were acquired by 1.14 million addresses.Another identified price range was between $0.07 and $0.
Notably, the recent price rally could draw more investors into the DOGE ecosystem in the next few days. If achieved, more rebounds might be registered.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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