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Title: 7,679,930,192 Dogecoin in 24 Hours, DOGE Trading Volume Skyrockets
The meme cryptocurrency, Dogecoin (DOGE), has witnessed an astonishing surge in active addresses and trading volume over the past 24 hours. According to on-chain data, a significant spike of up to 400% in active DOGE addresses is seen, suggesting that investors are positioning themselves for potential future price movements.
This sudden increase in activity could be a sign that market participants have started to build up their holdings of DOGE gradually, ultimately resulting in the drastic surge in trading volume. This theory gains credibility when considering the recent rise in the meme coin’s value, which has led many traders to speculate about a possible breakout rally.
While DOGE faces resistance at the $0.18 level, if it can overcome this hurdle and continue to gather momentum, there is potential for it to break free from downward pressure and propel upward. This scenario could culminate in a high price level that would see it flip Cardano (ADA) in market capitalization rankings.
As DOGE enthusiasts monitor the situation closely, experts believe that a further increase in trading volume and addresses will likely be necessary for the cryptocurrency to continue its remarkable upswing.
Source: https://u.today/7679930192-dogecoin-in-24-hours-doge-trading-volume-skyrockets
