Dogecoin, one of the most prominent meme coins within the cryptocurrency universe, gained significant traction across the broader crypto market recently as the token recorded massive whale transactions. Notably, these transactions collectively showcased the reshuffling of nearly 1 billion DOGE, gathering significant attention globally.
Moreover, the second transaction that echoed a frenzy showcased the shifting of 307.49 million DOGE, between unknown wallets. Concerning the data, various wallet addresses again transferred the previously stated amount to the wallet, ADNbM5fBuj…nsLp19ki3n. Intriguingly, the number of DOGE coins transferred between unknown wallets totaled $98.33 million as of writing.
Also Read: Analyst Predicts 10% BTC Price Jump Post Spot Bitcoin ETF Approval Dogecoin Price Flux: Report The market charts for Dogecoin’s price showcased a marginal fall of 0.56% over the past twenty-four hours, evaluating $0.08246. Moreover, its weekly chart showcased a fall of 10.86%, accompanied by a monthly plunge of 7.91%.
However, today, the token’s price primarily traded in the green before showcasing a marginal fall within the market. Besides, even the trading volume illustrated a substantial fall, dropping 25.48%, reaching $526.06 million, followed by a decrease of 0.43% in the market cap, resting at $11.77 billion while writing.
Dogecoin To Moon in 2024? Here’s What is in Store For DOGE Price
Analyst Kriss Pax recently talked about Dogecoin’s future in 2024. Right now, Dogecoin is around 9 cents, and its value increased significantly due to Bitcoin doing well. Pax mentioned a pattern in the charts, suggesting Dogecoin might go up early next week.
Bitcoin’s success has been good for all cryptocurrencies, but Pax warned that there might be drops after January 10th, depending on what happens with Bitcoin. People expect Bitcoin to reach $60,000 to $100,000 in 2024, which could also affect Dogecoin.
Pax talked about different things that could make Dogecoin rise in 2024, like famous people supporting it, using it for payments, and more people getting involved. He also looked at some technical stuff showing positive signs for Dogecoin, like more people using it and trading it.
A big question about Dogecoin being used on X Twitter (X payments). Pax gave two guesses about Dogecoin’s price by the end of the year. If it doesn’t get used on X Twitter, it might go up to around $0.20. But if it does, Dogecoin could go way up to $1.50-$2.
Pax talked about some upcoming rocket launches, like Ula’s CT One mission and SpaceX’s Doge One to the Moon. He emphasized that checking X payments is essential, which could change things for Dogecoin.
Dogecoin is off to a strong start in 2024, reaching $0.093 after a recent dip. This rise is linked to increased trading, with DOGE trading volumes of over $408 million in the last 24 hours. Dogecoin (DOGE) is growing, and people feel positive about its future. Analysts are talking about this popular meme coin, encouraged by its recent price jump. In the past year, Dogecoin rose by 31%, and in the last month, it rose by 16%.
