Dogecoin

As Dogecoin rallies due to the hype created by Elon Musk's Twitter takeover, investors should be diligent in considering other meme coins in the market with ...

In addition, TAMA is a deflationary asset where 5% of all transactions are burned to shrink its supply further. Nevertheless, this is a crucial indicator to keep at arm's length because it could be useful for locking in the gains and avoiding sudden bull traps. Tamadoge remains the third-largest meme coin, boasting $25 million in market capitalization. Although most Dogecoin addresses are in profit, holders seem to be in for the long run. Therefore, it may be prudent for investors to book profits while scanning for new entry positions as the price moves to $1.0000. Dogecoin price has no plans of reversing the trend as long as interest in the token keeps hitting new levels. After breaking above resistance at $0.1200, highlighted by the lower gray band, Dogecoin's price could not push to highs above $0.2000. According to Dogechain, a platform focusing on powering DOGE in DeFi (decentralized finance), GameFi and NFTs – Dogecoin is fast becoming one of the most frequented blockchains in the industry. The OBV (On Balance Volume) indicator points downward, warning that volume could flip negatively, hampering price growth. A similar growth pattern, although slightly aggressive, was exhibited by the protocol's active addresses, which held at 91,100 at the time of writing. It does so by monitoring the price at which these tokens moved last compared to their current market value. According to Santiment, this metric tracks the profit or loss of DOGE holders.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of ...

At the time of publication, DOGE was changing hands at $0.118, up 5% in the last 24 hours and 100% in the past week. The recent rise seemed beneficial for Dogecoin "hodlers," which make up a greater chunk of Dogecoin's total addresses. The Dogecoin (DOGE) price rose over 90% in a massive spike on Oct.

Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot.

As for ADA’s recent trend, its price is currently around $0.404, up 15% in the last week. As a consequence, SHIB is still only 13th on the list. In this period, the original memecoin has taken a beating of around 13%. At the time of writing, the memecoin’s price is trading around $0.116, up 96% in the last week. Before this decline, DOGE’s price was up more than 110% during the preceding seven days. Source:

As Elon Musk ostensibly set Twitter free from its cage, popular meme coin Dogecoin broke out of the doghouse that is crypto winter.

[accepts the cryptocurrency](https://decrypt.co/104535/elon-musk-boring-company-dogecoin) as a form of payment for using its Las Vegas Loop. Exchanges between Dogecoin and Binance USD, the stablecoin native to the trading platform, also crossed $900 million, representing 5% of the exchanges total trading volume. The coin is still down 84% from an all-time high of 73 cents, set in May of 2021 on the day Musk hosted Saturday Night Live, the late-night television comedy show. The coin has also seen notable volume on major cryptocurrency exchanges over the past day. It now sits at 11 cents as of this writing, up 94% in the past week, according to The billionaire’s outsized impact on Dogecoin is nothing new, but the coin eclipsed prices this week not seen since May.