Ethereum

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Dogecoin

<div class="finbold">
 <p class="paragraph">Numerous cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have been methodically exploring and challenging new resistance levels during the ongoing market rally.</p>
 <div></div>
 <p class="paragraph">In contrast, Dogecoin (DOGE) has displayed a remarkable and nearly uninterrupted upward trajectory in previous days. In recent days, DOGE’s on<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a> experienced notable growth, soaring by $665 million in <a rel="noopener noreferrer nofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a> volume, its highest level in 3 months.&nbsp;</p>
 <p class="paragraph">Additionally, there is also a notable amount of DOGE long-openings as investors bet on prices rising, as reported by blockchain and cryptocurrency behavior <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> platform <em>Santiment</em> in an X post on November 17.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="606" src="https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp" alt="Dogecoin experienced its highest trading volume in 3 months.  Source: Santiment" class="wp-image-137885" srcset="https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp 1024w, https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp 300w, https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp 768w, https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp 1536w, https://cdn.thebittimes.com/images/2023/11/17/cdbbe254f9c7e784f9d86ed383a62f59.webp 1672w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Dogecoin experienced its highest trading volume in 3 months. Source: Santiment
  </figcaption>
 </figure>
 <p class="paragraph">The platform also highlights that DOGE shows breakout potential as its on<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a> spiked, fueled by an increased funding rate on Binance.</p>
 <h2 class="wp-block-heading" id="h-will-doge-hit-0-1">Will DOGE hit $0.1?</h2>
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 <p class="paragraph">At the time of press, DOGE is trading at levels set at $0.09, which represents a 10.22% positive increase in the 24-hour period, which has followed a 17.40% increase over the 7-day period, coupled with impressive gains in the value of 47.11% in the previous 30-day span.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/17/152de1d93a133d815e0220f7ac83cc6a.webp" alt="DOGE 24-hour price chart.  Source: Finbold" class="wp-image-137886" srcset="https://cdn.thebittimes.com/images/2023/11/17/152de1d93a133d815e0220f7ac83cc6a.webp 1024w, https://cdn.thebittimes.com/images/2023/11/17/152de1d93a133d815e0220f7ac83cc6a.webp 300w, https://cdn.thebittimes.com/images/2023/11/17/152de1d93a133d815e0220f7ac83cc6a.webp 768w, https://cdn.thebittimes.com/images/2023/11/17/152de1d93a133d815e0220f7ac83cc6a.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   DOGE 24-hour price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">This value increase comes from solid indicators in the same period, where it has had 20 green days in the previous 30 days and is trading above the 200-day moving average simultaneously.</p>
 <p class="paragraph">However, it is essential to note that it is being outperformed by 59% of the top 100 crypto assets over a span of a year and is still down -88% from its all-time high.</p>
 <p class="paragraph">Despite these, the current trend shows promising signals regarding reaching the $0.10 milestone, which would mean a return to value it hasn’t experienced in almost a year.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-on-chain-transactions-spike-will-doge-hit-0-1-tbt70647.html">https://thebittimes.com/dogecoin-on-chain-transactions-spike-will-doge-hit-0-1-tbt70647.html</a></p>

Dogecoin on-chain transactions spike; Will DOGE hit $0.1?

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