$DOGE or another peak awaits, whales increase their holdings, and Musk supports!
DOGE may soar again by January 2025, shooting for the $0.75 mark!
This is not just me talking; the data analysis expert Messari has already hinted at it.
Those whales holding a lot of Dogecoin are quietly positioning themselves again, just like the scene before Dogecoin skyrocketed in 2021.
Look at this price trend; it’s simply a replica of the 8000% surge in 2021!
Since early August, Dogecoin has skyrocketed by 480%, and Trump's victory added more fuel, pushing it up another 220%.
Now, Dogecoin is hovering between $0.39 and $0.48, but I feel this is just the buildup before a major surge.
Moreover, Dogecoin's weekly relative strength index has shot above 70, indicating it's overbought!
In 2021, Dogecoin was also overbought, and it still surged upwards. If history repeats itself, Dogecoin might set new highs!
As for these whales, they are increasingly fond of Dogecoin, and their holdings are growing.
On-chain data shows that the number of addresses holding a million Dogecoins or more has reached a historic high, controlling 13.017 billion Dogecoins!
Although there has been a recent rumor that the Dogecoin network is down, the members of the Dogecoin community don't believe this nonsense.
They say that the vulnerability has long been patched, and the decentralized design of the Dogecoin network is robust enough to withstand such disruptions.
Recently, I plan to position for a potential explosive coin, doubling my investment should be quite simple, and I'm also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite feasible. If you want to keep up, like + comment, and share for free.
