

Dogecoin DOGE/USD rebounded on the back of increased whale trading volume, prompting traders to be optimistic about future price movements.
What Happened: Trader Cry ptoPatel predicts a significant surge for Dogecoin and sees a promising accumulation zone for investors between $0.1 and $0.07. He has set his long-term targets at $1 and $2.
Patel acknowledged the impressive returns of Dogecoin for long-term holders, saying, “To those who've held for the last 6 years, your profit is 6900x at ATH and the current ROI is still 1150x.”
Despite his optimistic outlook, Patel reminded his followers to invest wisely, especially in meme coins. “Reminder: I never suggest investing a huge amount in meme coins,” he said. level.
Also Read: What Is Going On With Dogecoin And Shiba Inu?According to IntoTheBlock data, large transaction volumes
spiked37.1%
to $1 **billion**, while daily addresses increased by * *8%**. Transactions greater than $100,000 increased from 129 transactions on June 23 to 316 on June 24. Total exchange inflows doubled from $11.6 million to $24 million.Last week, BitMEX co- founder Arthur Hayes announced in a tweet that he is adding Pendle and Dogecoin to his investments. Billy Markus, also known as Shibetoshi Nakamoto, the co-creator of Dogecoin, warned about the risks of investing in cryptocurrency by comparing it to “raging fire.” He added that the purchase of
cryptocurrencyis comparable to “throwing money directly into a
ragingfire, the ups and downs become a lot more tolerable.”Price Action: In the past 24 hours, DOGE is up 9.7% at $0.1276.
What's Next: The influence of meme coins as Bitcoin(CRYPTO:BTC) becomes an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
Don't Miss: Is $0.10 Really Dogecoin's 'Next Stop'?
The above is the detailed content of Dogecoin (DOGE) Rallies 10% As Whale Transactions Spike, Prompts Fresh Optimistic Takes From Traders. For more information, please follow other related articles on the PHP Chinese website!

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