Dogecoin (DOGE), the first meme coin in the crypto industry, made a huge comeback last week when it crossed the $0.22 mark —a price not seen since November 2021.
Data from CoinGecko shows that DOGE’s price has increased 22.3% weekly, and its trading volume has increased more than 50% to 3.17 billion. DOGE is currently trading at $0.20.
Its market capitalization remains past $30 billion, well above Cardano (ADA), making it the 8th largest cryptocurrency.
Is DOGE Set For Another 2020 – 2021 Rally?
Popular analyst Alí Martinez (Ali_Charts on X) stated that DOGE has been outshined by most of the new participants in the meme coin market, but it remains the “most important altcoin” in this sector.
“From a technical perspective, DOGE seems to mirror the 2018-2021 pattern. If so, it could be at the very beginning of a massive parabolic bull run.”
Source: X
Is DOGE Making A Comeback Soon?
DOGE remains one of the hottest meme coins following its bullish performance last week.
Over $5 million worth of DOGE shorts have been liquidated in the past 24 hours alone. Moreover, data from IntotheBlock shows nearly 90% of DOGE holders are in profit.
Most analysts are picking DOGE back up and forecasting new short and long-term prices. Similar to Ali’s bullish sentiments, Altcoin Sherpa predicts a 3X jump for DOGE in the next six months.
Moreover, market intelligence platform Santiment suggested that DOGE is giving bullish signals after last week’s performance. It seems that DOGE might make a comeback as major dormant whales wake up again and move DOGE back into circulation.
The post Dogecoin Price Prediction: Is a Parabolic DOGE Bull Run in the Making? appeared first on CryptoPotato.
Solana appears to have found its first key resistance as buyers seem to pause. Key Support levels: $67 Key Resistance levels: $44 1. SOL Rally Takes a Pause Solana tried to reach the key resistance at $67, but sellers stopped it at $65. It appears selling is intensifying, which could signal that the current rally
Bitcoin’s price actions were quite underwhelming for days but the substantial ETF flows as well as the positive US CPI numbers resulted in massive gains that propelled the cryptocurrency to a 3-week peak of over $66,000. The landscape with the altcoins is quite similar, with most turning green on a daily scale. ETH is above
Ethereum has seen the greatest advantage from the recent market downturn as investors appeared to have viewed the price weakness as a buying opportunity. In fact, data suggests that Ethereum has managed to attract $155 million in inflows over the past week. According to CoinShares, the latest round of inflows boosted its year-to-date total inflows
Cryptocurrency exchange Bitfinex has recovered some of the funds it lost after being hacked in August 2016. The recovered assets will be used to compensate holders of the exchange’s Recovery Right Tokens (RRTs), which were issued to impacted creditors after the security breach. How Much Was Recovered? As announced by Bitfinex on Thursday, the United…
The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise. This urged governments to take immediate action, and it feels as if the whole world is…
The space of non-fungible tokens (NFTs) has grown exponentially over the past year, and this produced quite a few consequences. For once, there are thousands of NFT projects spawning every single day, and the entire space resembles a lot of what we’ve seen during previous hype cycles with initial coin offerings (ICOs), initial DEX offerings…
Although the bitcoin price has been trading sideways with a slight recovery and little volatility over the past week, Glassnode’s new report shows that there is quite a bit of investor interest in trading BTC futures markets and hodling their ETH bags. According to Glassnode, there is little directional bias in the Bitcoin derivatives market,…
Slowly but surely, the cryptocurrency industry is heading towards the mainstream adoption it deserves with a new milestone announced today. Fold Launches BTC Cashback Card Fold, a bitcoin-friendly shopping app has become the first crypto startup to join Visa Fast Track Program and will now launch a Visa co-branded debit card that rewards users with…
TL;DR Shiba Inu and Manny Pacquiao Partnership: Shiba Inu announced a collaboration with boxing legend Manny Pacquiao, coinciding with the release of The Shib Magazine’s second edition and a 3,000 NFT giveaway. Pacquiao’s Boxing Achievements: Manny Pacquiao is celebrated for winning 62 of 72 professional matches and being the first boxer to win lineal championships
