Dogecoin (DOGE) appears to be setting up for a price surge, according to multiple on-chain metrics. Whale accumulation, increasing network activity and increased buying pressure all point towards a potential price breakout in the near future.
Dogecoin’s record-breaking run has been praised by traders and market analysts alike. However, an analyst has cautioned investors against assumption of continual growth, as sudden losses may occur if expectations get out of hand.
As Dogecoin miners abandon ship, investors are now asking whether it’s time to quit their positions in the digital currency. With miners leaving and price dips in the market, is now the time to close up shop?
As investors seek to diversify their portfolios with alternative coins, Dogecoin is leading the way with the recent launch of 20 new crypto futures in PrimeXBT. This offers traders a chance to hedge risk while taking a position on the burgeoning cryptocurrency market.
At the start of the high-profile trial of Coinbase vs Sam Bankman-Fried, the tech entrepreneur invoked both Dogecoin and Solana prices in the first day of proceedings. However, FTT was not mentioned.
Cryptocurrency sentiment on 10/4 is strong with Bitcoin hovering around all-time highs across major exchanges. ETH, BNB and XRP are posting strong gains, while SOL and ADA continue to be favored by traders. DOGE, TON, DOT and MATIC are also steadily recovering their losses.
As the cryptocurrency sector explodes in value, the question of which coin will hit the $1 mark first remains. Ripple (XRP), Shiba Inu (SHIB), and Dogecoin (DOGE) have all seen strong growth in recent months, and investors are looking to see who will reach the coveted $1 milestone first.
Crypto traders with large amounts of Shiba Inu (SHIB) logged profits as high as $100M over the past week, according to data from blockchain analysis. The astronomical gains are attributed to the token’s surging price.
In a milestone move for cryptocurrency, the popular animated show “Futurama” recently featured Dogecoin in an episode, highlighting its growing mainstream acceptance.
Arbitrum’s newest product, a decentralized exchange for the trading of ERC-20 tokens, has gone live. This version includes a new DOGE pool, offering up to 40% tokens for buyers and sellers. This marks an exciting new milestone in the DeFi space.