Dogecoin and DTX Exchange are Pumping On Daily Charts, But Can DOGE Price Hit $1 At Peak of Bullrun?
The post Dogecoin and DTX Exchange are Pumping On Daily Charts, But Can DOGE Price Hit $1 At Peak of Bullrun? appeared on BitcoinEthereumNews.com.
The recovering market sentiment has launched Dogecoin to new highs after the memecoin sector regained momentum. According to the analysts, the DOGE price is set to shoot off in the near term. Dominating the memecoin legacy, DTX Exchange (DTX) has stunned the crypto market after its month-long performance pulled investors and outshined Dogecoin. DOGE Price To Surge By $.20 In November? The Dogecoin market witnessed a massive spike in the last 24 hours. Many meme lovers and investors were surprised after this spike as the rest of the market barely saw any movement. Several market viewers linked this growth to Donald Trump (the former president of the United States) gaining momentum in the current elections. The memecoin recorded an 11.83% price hike within a day. Dogecoin went from a $0.15 low to a $0.16 high. At the time of writing, Dogecoin was trading at $0.169. In addition to its price revision, Dogecoin’s market cap saw a 14.23% increase and hit $25.66 billion. Also, activity in the Dogecoin network has increased, surging its trading volume by 51% and hitting $3.51 billion. Source: CoinMarketCap According to IntoTheBlock, 85% of users whose cryptocurrency wallets include Dogecoin will make money if they sell the coins at today’s trading price. According to the analysts, 12% of the investors might lose money, and 3% will drop to zero. Nonetheless, DOGE price might have something up its sleeve if investors decide to hold onto their assets instead of selling altcoins. Dogecoin November Price Performance & Future Outlook According to on-chain data from CoinCodex, Dogecoin’s November price action is pointing to a potential market change. This change could result in a possible drop in Dogecoin’s price to $0.147. The anticipated price range is between $0.138 and $0.163, which is impacted by the market performance from the previous month.…
Filed under: News - @ November 6, 2024 3:24 am