Dogecoin has emerged as one of the clear winners in the last week after its price climbed over 10% to secure the $0.075 level. This incredible rally has brought the meme coin to its highest level in the last three months. However, it may only be getting started as multiple DOGE metrics continue to exhibit bullishness.
Dogecoin Whales Still In The Game
One of the most important metrics that show how investors are looking at a coin like Dogecoin is what the large investors are doing. Initially, when the crypto market rally began and DOGE started to move up, the whale addresses remained muted without showing too much activity. But that has started to change with a drastic rise in the whale movements.
According to data from IntoTheBlock, in the last 24 hours, Dogecoin whales have carried out over $1.48 billion worth of transactions. This is in stark contrast to last week’s figures coming in at an average of $600 million in daily transactions by these large holders.
DOGE large transactions climb to $1.48 billion | Source: IntoTheBlock
It means that there has been a more than 100% rise in daily large transaction volume for Dogecoin, suggesting that the whales are coming out to play. The spike also began around November 4 which is when the DOGE price had begun moving upward quickly. This could mean that these whales have been buying large quantities, leading to a drastic decrease in the available DOGE supply on the open market.
The number of large transactions reached 1,320 on November 6, just 100 transactions shy of the asset’s October highs. IntoTheBlock also shows a leaning toward bullishness with more addresses being bullish compared to those which are bearish.
DOGE Volumes Are On The Rise
Dogecoin whale transactions and volumes are not the only Dogecoin metrics that have been on the rise. The meme coin’s daily trading volume has also exploded during this time as well, with a 64% increase in a 24-hour period.
Daily trading volume rises | Source: CoinMarketCap
This drastic rise has brought its daily trading volume above $870 million with the possibility of crossing $1 billion in the coming days. This exponential rise in daily trading volume indicates rising interest, especially with the spot buying and selling.
During this time, the DOGE profitability has been rising quickly, bringing 53% of all holders back into profit. This has contributed to the bullish sentiment of the meme coin and could help to trigger more capital inflow into Dogecoin as investors try to take advantage of the price recovery.
DOGE price loses footing at $0.075 | Source: DOGEUSD On Tradingview.com
Featured image from StormGain, chart from Tradingview.com
Dogecoin has emerged as one of the clear winners in the last week after its price climbed over 10% to secure the $0.075 level. This incredible rally has brought the meme coin to its highest level in the last three months. However, it may only be getting started as multiple DOGE metrics continue to exhibit bullishness.
Dogecoin Whales Still In The Game
One of the most important metrics that show how investors are looking at a coin like Dogecoin is what the large investors are doing. Initially, when the crypto market rally began and DOGE started to move up, the whale addresses remained muted without showing too much activity. But that has started to change with a drastic rise in the whale movements.
According to data from IntoTheBlock, in the last 24 hours, Dogecoin whales have carried out over $1.48 billion worth of transactions. This is in stark contrast to last week’s figures coming in at an average of $600 million in daily transactions by these large holders.
DOGE large transactions climb to $1.48 billion | Source: IntoTheBlock
It means that there has been a more than 100% rise in daily large transaction volume for Dogecoin, suggesting that the whales are coming out to play. The spike also began around November 4 which is when the DOGE price had begun moving upward quickly. This could mean that these whales have been buying large quantities, leading to a drastic decrease in the available DOGE supply on the open market.
The number of large transactions reached 1,320 on November 6, just 100 transactions shy of the asset’s October highs. IntoTheBlock also shows a leaning toward bullishness with more addresses being bullish compared to those which are bearish.
DOGE Volumes Are On The Rise
Dogecoin whale transactions and volumes are not the only Dogecoin metrics that have been on the rise. The meme coin’s daily trading volume has also exploded during this time as well, with a 64% increase in a 24-hour period.
Daily trading volume rises | Source: CoinMarketCap
This drastic rise has brought its daily trading volume above $870 million with the possibility of crossing $1 billion in the coming days. This exponential rise in daily trading volume indicates rising interest, especially with the spot buying and selling.
During this time, the DOGE profitability has been rising quickly, bringing 53% of all holders back into profit. This has contributed to the bullish sentiment of the meme coin and could help to trigger more capital inflow into Dogecoin as investors try to take advantage of the price recovery.
DOGE price loses footing at $0.075 | Source: DOGEUSD On Tradingview.com
Featured image from StormGain, chart from Tradingview.com
buying cheap clomid without dr prescription how can i get clomid price order cheap clomiphene price get clomid without rx order clomiphene pill where can i get cheap clomiphene without dr prescription buy generic clomid price
I’ll certainly carry back to read more.
This is a theme which is near to my heart… Myriad thanks! Faithfully where can I notice the connection details in the course of questions?
buy azithromycin 250mg generic – flagyl 200mg for sale buy generic flagyl online
semaglutide 14mg sale – buy semaglutide brand periactin
motilium 10mg cheap – brand tetracycline 250mg buy flexeril 15mg for sale
inderal order – buy cheap methotrexate buy generic methotrexate
order amoxiclav without prescription – https://atbioinfo.com/ buy acillin medication
buy nexium 40mg online – https://anexamate.com/ order esomeprazole pill
buy coumadin 5mg without prescription – anticoagulant cozaar order online
meloxicam 7.5mg usa – swelling buy meloxicam 15mg generic
prednisone 20mg tablet – corticosteroid prednisone 40mg for sale
order amoxicillin sale – purchase amoxil pill cheap amoxil sale
buy fluconazole 100mg for sale – https://gpdifluca.com/ fluconazole for sale
cenforce 100mg generic – https://cenforcers.com/ brand cenforce 50mg
cialis best price – site tadalafil 20 mg directions
ranitidine order online – https://aranitidine.com/ ranitidine 300mg canada
cheap t jet 60 cialis online – https://strongtadafl.com/# cialis experience
how to buy viagra in spain – on this site viagra prices
More articles like this would pretence of the blogosphere richer. https://ursxdol.com/get-metformin-pills/
More posts like this would add up to the online time more useful. order accutane
With thanks. Loads of expertise! https://prohnrg.com/product/diltiazem-online/
I’ll certainly bring back to review more. https://ondactone.com/product/domperidone/