Dogecoin Nears $0.20 Amid Increased Whale Activity: Can the DOGE Price Rally Even More?

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Dogecoin Nears $0.20 Amid Increased Whale Activity: Can the DOGE Price Rally Even More?
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The cryptocurrency market has rebounded in the past week, with Dogecoin among the best performers. Its price has jumped by over 35% on a 7-day scale, reaching almost $0.20.Additionally, DOGE surpassed several rivals on different fronts. For example, the trading volume generated by the biggest meme coin in the last 24 hours exceeded $3.6 billion. Solana , Ripple , and Binance Coin are trailing behind with $3.5 billion, $1.8 billion, and $1.7 billion, respectively.

Dogecoin’s resurgence coincides with increased activity from large investors. Whale Alert revealed the case of one mysterious person whoNumerous X users commenting on the post shared optimism that the move might be a precursor of a significant price pump. Others wondered who this mysterious whale could be, with some suggestions pointing out to Elon Musk.that his EV giant might accept DOGE as a payment method “at some point.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

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