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60.9 Billion Dogecoin in 24 Hours, DOGE Mirrors Bullish Pattern
In a staggering display of price action, the meme cryptocurrency Dogecoin (DOGE) has seen an astonishing 60.9 billion coins traded within a 24-hour period, mirroring a bullish pattern that could signal a new era of growth for the asset.
The recent surge in trading volume and value has sparked optimism among DOGE enthusiasts, who are eagerly anticipating the possibility of retesting its all-time high (ATH) of $0.7376 this bull cycle.
Godfrey Benjamin, an experienced crypto journalist, sheds light on the potential implications of Elon Musk’s continued promotion of Dogecoin, which could lead to a significant increase in adoption and growth for the meme cryptocurrency.
“The reclaim of the ATH remains DOGE’s primary goal,” Godfrey emphasized, adding that any progress towards this milestone would be a testament to the project’s resilience and adaptability.
In the long term, the community expects DOGE to reach a $1 price milestone. Whether this target is breached or not hinges on the developmental efforts from the Dogecoin Foundation and other mainstream products associated with the meme coin.
The recent surge in trading volume and value has sparked renewed interest in DOGE’s potential as a viable investment opportunity for both retail and institutional investors alike.
Source: u.today
