Dogecoin has recorded-double gains, outperforming other major cryptocurrencies
After surpassing Cardano by market cap, the meme coin has now built a massive lead over the Ethereum competitor, holding the 9th spot on CoinMarketCap.
According to data provided by Santiment, dormant whales moving DOGE back into circulation are behind the significant price move. revealed that Dogecoin whales managed to snap up a shopping $280 million worth of DOGE in just two weeks. This preceded the substantial price surge that was observed at the end of the previous week. , it was crucial for Dogecoin to surpass the $0.20 level ahead of the monthly close. The meme coin managed to achieve this feat, printing a monthly close above $0.22. Now, according to some predictions, the most successful Bitcoin parody might be ready for further upside.
However, its performance pales in comparison to Solana-based meme coin dogwifhat , which managed to reach a new all-time high last week amid a surge in speculation. WIF is still up roughly 60% in just seven days despite giving up some gains. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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