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<p>Dogecoin (DOGE) has seen a notable increase in both its price and transaction volume. According to Santiment, a prominent crypto analytics firm, Dogecoin has <a href="https://twitter.com/santimentfeed/status/1725280772880564304" rel="noopener noreferrer nofollow">experienced</a> a modest 5% surge, standing out during a predominantly bearish day.</p>
<p>This surge is backed by an impressive $665 million in on-chain transaction volume, marking the highest level seen in the past three months.&nbsp;</p>
<p>Additionally, there has been a significant increase in the number of Dogecoin long positions, indicating a strong bet by traders on the continued rise in its price.</p>
<h2 id="dogecoin-outperforming-other-altcoins">Dogecoin outperforming other altcoins&nbsp;</h2>
<p>The most recent <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko data</a> presents a stark contrast between Dogecoin and other major altcoins.&nbsp;</p>
<p>Dogecoin is up more than 6% over the past 24 hours. Meanwhile, altcoins of the likes of Ethereum (ETH), Solana (SOL), Avalance (AVAX), Cardano (ADA), and Shiba Inu (SHIB) are all in the red.&nbsp;</p>
<p>In fact, <a href="https://u.today/doge-founder-reveals-his-actual-net-worth-youll-be-surprised" rel="noopener noreferrer nofollow">Dogecoin</a> is the only major cryptocurrency in the green over the last 24 hours. &nbsp; &nbsp;</p>
<h2 id="possible-catalysts">Possible catalysts &nbsp; &nbsp;&nbsp;</h2>
<p>The recent momentum in Dogecoin's market performance can be partly attributed to significant whale activities and the buzz around its lunar ambitions.&nbsp;</p>
<p>Recently, a Dogecoin whale <a href="https://u.today/dogecoin-whale-moves-over-103-million-doge-from-robinhood" rel="noopener noreferrer nofollow">moved</a> over 103 million DOGE from the trading platform Robinhood, a part of several large transactions recorded in November. Notably, a massive transfer of 690 million DOGE between unknown wallets was reported, along with other substantial movements involving hundreds of millions of DOGE.&nbsp;</p>
<p>Furthermore, the excitement is being fueled by the news of a physical Dogecoin token planned to be sent to the <a href="https://u.today/dogecoin-doge-to-moon-x-to-implement-full-financial-service-by-2024" rel="noopener noreferrer nofollow">moon</a> in December, a project by space payload transporter Astrobotic. This news has sparked considerable interest among Dogecoin enthusiasts and investors, adding to the bullish sentiment around the meme coin.</p>

Dogecoin (DOGE) Price in Green with Largest Transaction Volume in Months as SHIB, ADA, ETH, and Other Altcoins Slide

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