Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction—What’s Next?

Even with recent market corrections and geopolitical tensions, Dogecoin (DOGE) keeps seeing an uptick in both whales and retail investor activity. Data by Santiment reveals that whale transactions have hit new highs since June. Before the price peak of September 28, those major investors had controlled some 1,203 transactions worth more than $10 million. Such activity suggests that despite the macro market’s negativity, significant stakeholders within the Dogecoin ecosystem are optimistic. Related Reading: Breakout Looms: XRP To Hit $7.5 After ‘Wake-Up Line,’ According To Analyst A clear rise in active addresses on the Dogecoin network is another important indication supporting this positivism. Some 63,689 DOGE addresses have changed tokens during the past three days; this is the biggest figure seen since six months ago.

Oct 3, 2024 - 22:00

Dogecoin On-Chain Spike Triggers 180% Price Rally Prediction—What’s Next?

Even with recent market corrections and geopolitical tensions, Dogecoin (DOGE) keeps seeing an uptick in both whales and retail investor activity. Data by Santiment reveals that whale transactions have hit new highs since June.

Before the price peak of September 28, those major investors had controlled some 1,203 transactions worth more than $10 million. Such activity suggests that despite the macro market’s negativity, significant stakeholders within the Dogecoin ecosystem are optimistic.

A clear rise in active addresses on the Dogecoin network is another important indication supporting this positivism. Some 63,689 DOGE addresses have changed tokens during the past three days; this is the biggest figure seen since six months ago.