Is Dogecoin Ready to Explode? Whale Activity and On-Chain DOGE Data Signal a Major Rally
Dogecoin's on-chain metrics continue to show strength, opening up opportunities for a significant rally in the future. Although the price of DOGE is still hovering around $0.2250, market experts remain optimistic about its price movement ahead.
Popular crypto analyst 'Trader Tardigrade' believes that this memecoin chart resembles the pattern from 2014-2018, which could potentially trigger a parabolic price surge up to $18.
Dogecoin On-Chain Metrics and Whale Activity
Popular crypto analyst Ali Martínez reported that Dogecoin is experiencing a surge in several key on-chain metrics, including the number of active DOGE addresses, transaction volume, and whale activity.
Thus, this memecoin is showing strength across various aspects at this stage, which could serve as a foundation for a DOGE price rally in the future.
On the other hand, there has been a massive buying action by whales towards this memecoin in the last month.
