Dogecoin finally hit the $0.072 mark as the whole market recovers
Dogecoin (DOGE) price just hit 10-week high information Provided by CoinMarketCap (CMC). At the time of writing, the popular Memecoin is trading at around $0.072, up 14% over the past 24 hours.
According to a tweet by Santiment, an on-chain market analytics and intelligence platform, DOGE broke out right after the second largest cryptocurrency, Ethereum (ETH).
The sentiment points to an increase in trading volume for Memecoin – reaching $1.4 billion in the past 24 hours – and an increase in whale transactions. According to the on-chain analytics and intelligence platform, there have been around 462 transactions worth over $100,000.
DOGE, the top memecoin by market cap, gained a bullish momentum when the whole crypto market capitalization reached the $1 trillion mark, according to a U.Today report. While Dogecoin’s whale transactions and trading volume reached the highest in two months, Santiment says:
When #memecoins fall apart the markets are usually polarizing.
According to a U.Today analyst, Dogecoin has been showing signs of life for the past few days while suggesting that investors should always stay cautious.
There are also parabolic moves for Dogecoin and the second largest Memecoin, the Shiba Inu (SHIB). Be expectedAs reported by U.Today, by David Gokhshtein, a former US Congressional candidate and founder of Gokhshtein Media.
