Dogecoin (DOGE) witnesses a resurgence of interest as whales return to the market, making a substantial purchase of 1 billion DOGE within just 24 hours. This purchase is valued at approximately $108 million, indicating significant confidence in Dogecoin's potential despite the overall bearish trend in the cryptocurrency market.
This massive transaction has already led to a 1.79% price increase, with DOGE's current price standing at $0.1078. The purchase comes amid broader market declines, influenced by ongoing geopolitical tensions, yet demonstrates a strong investor belief in the future prospects of Dogecoin.
Experts anticipate that such whale movements could propel DOGE’s price toward the $0.20 mark soon. Enthusiasm around this meme-based cryptocurrency remains robust, with large-scale investors likely aiming for strategic gains as they accumulate more Dogecoin despite market fluctuations.
Source : coinpedia.org ↗