DOGE dynasty: Whales scoop up $280 million in two-week buying spree

Amid bullish times for the majority of assets in the cryptocurrency sector, the popular doge meme crypto Dogecoin (DOGE) is recording gains on all of its charts and massive interest coming from the market’s largest investors, suggesting more price increases.

As it happens, Dogecoin whales have bagged 1.4 billion DOGE or around $280 million worth of the asset in the past two weeks alone, according to the most recent data observations shared by renowned crypto trading expert Ali Martinez in an X post on March 29.

Dogecoin whale purchases
Dogecoin whale purchases. Source: Ali Martinez

Indeed, the whale purchases of Elon Musk’s favorite doge meme crypto, specifically in the 10 million – 100 million range, have intensified in recent weeks, soaring from the mere 15.33 billion DOGE in mid-March to the current 16.73 billion DOGE, as the analyst’s chart demonstrates.

Picks for you

R. Kiyosaki reveals why ‘Boomer retirements’ are going broke 1 hour ago
How rich is the famous congresswoman investor? – Nancy Pelosi's net worth revealed 18 hours ago
Floki Inu price prediction after $2 billion added in a month 20 hours ago
Reset of a lifetime? Commodities guru sounds alarm on 30% crash 20 hours ago

Why is Dogecoin going up?

Meanwhile, Dogecoin is boasting a price gain of 5.14% on its daily chart, adding a whopping 32.20% to its value across the previous seven days, and accumulating an even more impressive advance of 114.88% in the last month, currently trading at $0.21411, according to the most recent information.

Dogecoin price 30-day chart
Dogecoin price 30-day chart. Source: Finbold

So, why is Dogecoin going up? Notably, the latest gains are happening against the backdrop of the increased whale accumulation but also Musk, the CEO of electric vehicle (EV) behemoth Tesla (NASDAQ: TSLA), announcing the company’s plans to enable DOGE payments for its products.

Dogecoin price prediction 2024

So, how high will Dogecoin go? If whale activity is anything to go by (and it is), this asset is looking at a bright future this year, with some experts setting their DOGE price prediction as high as $1 by mid-April, and artificial intelligence (AI) algorithms eyeing $0.41-$0.51 area as their Dogecoin price prediction 2025.

In conclusion, although things are looking great for the top doge meme coin now, it is important to remember that making any definitive Dogecoin prediction is challenging, as the situation in the crypto industry can change, so doing one’s own research and monitoring any Dogecoin news is critical when investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Comments

Post a Comment

Popular posts from this blog

3 cryptos below $0.2 to outperform Polygon (MATIC) in 2024

Image
Welcome to the world of cryptocurrency, where trends shift rapidly and opportunities abound. In this dynamic landscape, investors are constantly seeking the next big thing. Today, we explore three cryptocurrencies priced below $0.2 that have the potential to outshine even established players like Polygon (MATIC) in 2024. From the meme-fueled momentum of Shiba Inu (SHIB) to the innovative strides of Retik Finance (RETIK) and Stellar's (XLM) promising developments, these gems offer enticing prospects for growth. Let's delve into their potential and what sets them apart. Overview of Polygon (MATIC) and Its Performance Polygon, formerly known as Matic Network, has emerged as a leading layer 2 scaling solution for Ethereum, aiming to address the network's scalability issues. With its innovative technology, Polygon provides faster and cheaper transactions, making it an attractive choice for decentralised applications (dApps) and developers. In 2023, Polygon experienced sign...
Read more

Horizen Labs, Offchain Labs, and Arbitrum Foundation Develop Apechain

Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. Apechain will utilize APE as its utility and gas tokens, fostering the expansion of the token’s reach. The platforms shared their enthusiasm for the new development while the community accepted the proposal. In a bid to expand the utility and reach of APE coin, Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. In a recent revelation, the blockchain platform, Offchain Labs, unearthed the community’s acceptance of the Apechain development proposal, indicated by a more than 50% support rate. Congratulations to @apecoin DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack! With $APE serving as both the gas and governance token for ApeChain, Arbitrum Orbit's customizability empowers @ApeCoin DAO with true ownership and control over this… ...
Read more

First Republic: U.S. Government Coordinates "Urgent Rescue Talks" to Rescue Bank

Image
U.S. officials are reportedly leading urgent talks to rescue First Republic Bank . This comes at a time when private-sector efforts ushered by the bank’s advisers are yet to pocket a finalized deal. Citing three unnamed sources familiar with the matter, a recent Reuters report revealed,   “The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve are among government bodies that have in recent days started to orchestrate meetings with financial companies about putting together a lifeline for the troubled lender.” JUST IN: US Government coordinating urgent meetings to rescue First Republic Bank $ FRC . — Watcher.Guru (@WatcherGuru) April 28, 2023 Also Read: Crypto x Stocks: Is Un-Correlation in Play? At this stage, it is still not clear if the U.S. government is looking to take part in a private-sector rescue of First Republic. Nevertheless, one of the sources reportedly revealed that the government’s engagement has “emboldene...
Read more