🐳Whales holding between 1 million and 10 million DOGE 🐳
After Dogecoin's price surpassed $0.20, trading volume increased, with investors expecting long-term prices to reach $0.60.
🐶With the recent surge in Dogecoin prices, trading volumes have also noticeably increased.
According to CoinMarketCap data, Dogecoin's trading volume reached 4.42 billion (equivalent to $766 million), showing a 15% increase in May.
This correlation is also tied to underlying financial accumulations.
On May 1, renowned analyst Ali Martinez stated that
🐳Accounts holding between 1 million and 10 million DOGE have reportedly purchased 100 million DOGE within a week. 🐳
Historically, such accumulations have often foreshadowed significant price fluctuations.
🍀Currently, forecasts suggest it could rise as high as $0.60.
🐶Technical analyses of DOGE indicate that prices are likely to continue rising.
Ali Martinez indicated that Dogecoin's price sharply fell below the support line in October 2024.
According to his analysis, if the price drops to $0.14, it presents a good buying opportunity, and it could later rebound to $0.30.
Due to this momentum,
According to Coinglass data, over 75% of Binance's top traders (more experienced than retail investors) have been holding DOGE long-term.
Conclusion
Currently, the likelihood of Dogecoin fluctuations reaching $0.60 appears promising, and although it is a very risky investment, the long-term outlook seems positive.
Remittix is also gaining popularity similar to the viral spread of a virus, aiming to revolutionize the global remittance system by merging crypto and fiat currencies.
Currently at $0.0757 in pre-sale, Remittix offers functionalities that can transform the cross-border payment market.
Credit to Cryptopolitan