Dogecoin whales frantically bought 200 million Dogecoins. Is the bull market coming?
This Wednesday, the Dogecoin market was in turmoil! Cryptocurrency analyst Ali Martinez revealed a shocking news: a mysterious whale swept up 200 million DOGE in just 14 days, causing traders to collectively boil. Despite the constant market fluctuations, such a large-scale hoarding behavior makes investors full of expectations for the future of Dogecoin - the price surge may be just around the corner!
Is Dogecoin making a strong comeback?
In the past two weeks, the price of DOGE has soared from $0.15 to $0.19, an increase of nearly 25%, and the crazy buying of whales just happened to perfectly match this wave of rise. As of the latest data, DOGE rose another 5% during the day, and the trading price stabilized at $0.191, and the weekly line rose by 14%! What's more exciting is that analyst "Trader Tardigrade" boldly predicted: Dogecoin has entered the end of the "third cycle", and historical laws suggest that it will usher in an epic rise!
Market sentiment is completely ignited!
Futures open interest (OI) surged 6% in a single day to $1.94 billion, and derivatives trading volume surged 16% overnight to over $4.09 billion! All signs indicate that Dogecoin is experiencing an unprecedented bullish wave, with some analysts even calling for an astonishing goal of a 10-fold increase.
Overall, this meme “dog-like” token is currently riding a highly bullish wave and occupying the top spot in investors’ attention.
