Dogecoin (DOGE)
DOGE has surged from a low of around $0.125 on Wednesday to a high of $0.1746 in the past 4 days. This surge marks a significant increase of 39.68% or almost 40% which comes at a time when the market sentiment is generally bearish. Moreover, this surprising performance has further strengthened Dogecoin’s leadership position in the meme coin landscape. While Dogecoin has posted a gain of 6.31% in the past day, its closest competitor in the meme coin space, Shiba Inu, has only seen a gain of 3.18%. Meanwhile, the prices of PEPE and Floki have seen a decline during the same period. DOGE’s unexpected performance has prompted an investigation into the factors that influenced its bullish surge amidst the bearish sentiment.
