Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Dogecoin’s(DOGE) Potential Unleashed: Surge in Whale Transactions Precedes Major Market Move
  • News

Dogecoin’s(DOGE) Potential Unleashed: Surge in Whale Transactions Precedes Major Market Move

vivian 21 March 2024
dogecoins
  • The article discusses Dogecoin’s recent resilience amidst market volatility, noting a 96% surge in whale transaction volume as a significant indicator of potential growth.
  • Despite market dips and uncertainties, the surge in institutional interest and whale activity suggests a promising trajectory for Dogecoin’s market performance, potentially leading to substantial price increases in the near future.

With the market dip taking a different toll on different digital currencies, Dogecoin appears to be plotting a strategic way to sustain its current bullish recovery. The digital currency is changing hands for $0.1356, up by 7.19% in the past 24 hours, per data from CoinMarketCap. Current whale volume data from IntoTheBlock (ITB) shows renewed interest that can spark DOGE’s parabolic run in the midterm.

With the latest bouts of liquidations, the crypto market has suffered and the Dogecoin price has plunged as low as $0.12, with a 21.23% slump in the trailing seven-day period. With some of the most viable metrics pointing to a bearish setting, the 92.81% uptick in whale transaction volume per ITB data marks a good omen for the coin.

Whale transactions feature those with a dollar valuation of $100,000 or more. The data shows that approximately $5.29 billion worth of these has been traded in 24 hours. The expanded data revealed that the number of large transactions comes in at 4,330 at a DOGE price of $0.1657, up from 2,590 as of March 3, with the price relatively lower at $0.14.

This obvious embrace as prices soar marks a vote of confidence within the network, a trend that appears visible in the price of the industry’s largest meme coin.

Setting a major target for the Dogecoin price has proven to be quite difficult considering the absence of key fundamentals that can complement the current uptick. Nonetheless, the correlation with Bitcoin, the enthusiastic community and the influence of Elon Musk might help sway Dogecoin in the near future.

What’s Next for Dogecoin?

Having soared as high as $0.2054, Dogecoin may retest this price point in the short term, while making a play for the $1 level in the longer term.

Dogecoin’s resilience amidst market turbulence and its ability to garner significant whale interest suggest that something big may indeed be on the horizon. As the cryptocurrency market continues to evolve, Dogecoin remains an intriguing asset to watch, with potential for further growth and mainstream adoption.

Continue Reading

Previous: Deciphering Solana’s Path: Analyzing Factors Influencing a Potential Surge Beyond $200 (SOL Price Forecast)
Next: Cardano’s Price Plunge Sparks $20 Million Loss for ADA Holders Amid Market Turmoil

Related Stories

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

Ripple XRP on BLUE
  • News

Ripple Pushes New Crypto Rules to Limit SEC’s Power

Cal Evans 30 May 2025
Tron TRX coin
  • Analysis

Tron Flips Cardano in Market Cap as TRX Eyes $0.30 — But Trouble Looms

Sean Williams 30 May 2025
dogecoin on marbles
  • Analysis

Dogecoin Drops 10% as Traders Eye Rebound from Soaring Volume

vivian 30 May 2025
PEPE COIN IMAGE
  • Analysis

PEPE Eyes New Highs in June Backed by Strong Whale Accumulation

Jane Kariuki 30 May 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok