Dogecoin (DOGE) Price Reversal Likely Ahead Amid Strong Whale Activity

Quick Summary:

After a solid run-up last week, the world’s largest meme coin Dogecoin has been facing some selling pressure with the DOGE price correcting 8% in the last 24 hours now trading at $0.1085 and market cap slipping under $16 billion.

The rise in daily active addresses indicates increasing interest in the meme coin, which could drive higher network activity.

While whales took profits prior to the recent peak, their activity on the Dogecoin network remains elevated hitting a 4-month high.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: DOGE Price Dogecoin (DOGE) Dogecoin addresses Altcoin News 24/7 Cryptocurrency News Dogecoin whale transaction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 09:54:20 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22848394

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News Last Updated: 8 hours ago

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