Dogecoin

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<p dir="ltr">With the broader digital currency ecosystem on a bullish rampage, Dogecoin (DOGE) is not ready to be left behind. The premier meme coin has&nbsp;<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">soared</a> by more than 8% overnight and is currently changing hands at a price of $0.08978.</p>
<h2 id="on-chain-maneuvers-for-price-of-1">On-chain maneuvers for price of $1?</h2>
<p dir="ltr">Dogecoin's price has fully recouped all of its losses for the past month, as it is now trading with 29.66% growth within that time. These impressive moves have&nbsp;<a href="https://u.today/dogecoin-doge-price-may-double-after-breaking-through-this-hurdle-analyst" rel="noopener noreferrer nofollow">signaled the readiness</a> of the altcoin to clear one zero to retest the $0.1 level, and by so doing, reposition itself for yet another ambitious price rally moving forward.</p>
<p dir="ltr">The on-chain maneuvers aiding the growth of Dogecoin in this regard also stem from the growing embrace and sentiment from the coin's traders. Data from CoinMarketCap shows a total of $920,884,321 DOGE have been traded on exchanges in the past 24 hours, up by 75%.</p>
<p dir="ltr">With the&nbsp;<a href="https://u.today/dogecoin-doge-price-nears-key-resistance-double-top-formation" rel="noopener noreferrer nofollow">structure of Dogecoin</a> in which whale holders maintain a strong foothold in the project, any attempt to retest $1 cannot be done without a full push from larger HODLers. Data from IntoTheBlock shows that whale transaction volume over the past week is now at $1.02 billion, up 23.93 billion for the week.</p>
<p dir="ltr">Another crucial on-chain metric to note is the parabolic growth of over 35% in DOGE's Daily Active Addresses (DAA). At this time, active addresses have surpassed 82,000, reinforcing the assumption that Dogecoin is a token actively held by many.</p>
<h2 id="market-sentiment-factor">Market sentiment factor</h2>
<p dir="ltr">Dogecoin's growth, besides its own inherent ecosystem trends, also stems from broader market sentiment. With&nbsp;<a href="https://u.today/unstoppable-rally-bitcoin-btc-price-finally-surpasses-40000" rel="noopener noreferrer nofollow">Bitcoin continually leading the market rally</a>, coins with deep correlation with the asset, including DOGE, are bound to see more green days ahead.</p>
<p dir="ltr">Dogecoin's market capitalization is pegged at $12,752,789,154, with a positive boost likely should BTC gain more bullish traction.</p>

Dogecoin (DOGE) Makes Interesting On-Chain Maneuvers

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