Dogecoin Sees 32% Spike In Major Metric That Could Send Price Surging

Quick Summary:

The popular dog-themed cryptocurrency Dogecoin (DOGE) has experienced a notable surge in activity over the past 24 hours.

According to data from CoinMarketCap, there has been a 35% increase in trading volume during these 24 hours.

Notably, this suggests more DOGE tokens have been transferred from exchanges to private wallets than those sent into exchanges for selloffs, reflecting a lingering bullish sentiment from some DOGE traders.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Coinmarketcap DOGE Blockchain Dogeusd Dogecoin Doge Dogecoin Dogeusdt IntoTheBlock Dogecoin Ecosystem

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 04:30:21 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22166166

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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