BCGAME - Free 5BTC Daily Bonus!In a very positive upward movement in the ecosystem Dogecoin, its native cryptocurrency, DOGE, has seen impressive growth over the past 24 hours amid the bullish rally in the cryptocurrency market that began last week.
In this sense, the cryptocurrency Dogecoin (DOGE) has soared 45% in its price in the last 24 hours, taking the memecoin to the $0,41 mark, its highest level in the last three years. The price increase has taken DOGE's weekly gains to an impressive 132.2%, further placing the memecoin in the position as one of the most prominent cryptocurrencies in the current cycle.
With DOGE’s recent upward movement, the memecoin has taken Dogecoin’s market cap to $58 billion, ranking it as the sixth-largest cryptocurrency.
At the time of publication, the price of Dogecoin was quoted at US$0,4009 with an increase of 36.2% in the last 24 hours.
Additionally, DOGE volume has seen a significant increase over the past day. Dogecoin’s trading volume is $40.642.334.055 in the past 24 hours, representing a 83,00% increase from a day ago and signaling a recent surge in market activity.
What’s next for DOGE?
Amid the current scenario, the meme cryptocurrency Dogecoin (DOGE) has been attracting attention for its considerable price increase in recent days, positioning itself ahead of several of the main crypto assets on the market.
Analyzing recent movements on the DOGE network, market expert Ali Martinez highlighted the memecoin’s potential breakout towards an impressive $18.
“A test of the middle or upper boundary of the channel puts Dogecoin $DOGE at $2,40 or $18!” the analyst wrote in his analysis technique released on November 11th”.
If the cryptocurrency manages to hit the price target, Dogecoin will set a new record for its per-unit value. Currently, the highest price paid for Dogecoin (DOGE) was $0,7316, which was recorded on May 8, 2021 (over 3 years ago). Comparatively, the current price is 45,07% lower than the meme coin’s all-time high.
