Momentum

Dogecoin

Gains

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<ul>
 <li>Dogecoin will celebrate its 10th anniversary on December 6. This humorous cryptocurrency has completed a decade since its launch in 2013.</li>
 <li>During all this, the price of Dogecoin has surged significantly, finally breaking the $0.1 resistance and starting to move towards $0.12.</li>
 <li>Social trends play a crucial role in determining DOGE prices. The increasing Dogecoin social trend indicates that people might enter the market to make a profit.</li>
</ul>
<p><strong>Dogecoin will celebrate its 10th anniversary on December 6, and ahead of this celebration, there is a significant increase in the DOGE price: Will the upward trend continue?</strong></p>
<h2 id="strong-popular-memecoin-dogecoin-marks-its-10th-year-strong"><strong>Popular memecoin Dogecoin marks its 10th year</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-127265" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="dogecoin-doge" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/dogecoin-doge-1-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Dogecoin will celebrate its 10th anniversary on December 6. This humorous cryptocurrency has completed a decade since its launch in 2013. To celebrate this significant milestone, the Dogecoin community organized a virtual party event.</p>
<p>During all this, the price of Dogecoin has surged significantly, finally breaking the $0.1 resistance and starting to move towards $0.12. At the time of writing, the Dogecoin price was trading at $0.10, and the 24-hour trading volume was recorded at $2.4 billion. This represents a more than 15.53% increase in the past 24 hours and a 25.85% increase in the last 7 days.</p>
<p>Historically, Dogecoin prices have tended to decline around December 6-7. However, the current scenario is different. The crypto market is supported by a bull market carrying other altcoins, driven by an impressive increase in Bitcoin’s value.</p>
<p>Social trends play a crucial role in determining DOGE prices. The increasing Dogecoin social trend indicates that people might enter the market to make a profit. Dogecoin (DOGE) recently broke above a rising megaphone pattern, surpassing the $0.1 resistance after 8 months. The previous resistance, now serving as support at $0.08, has significant trading volume, surpassing many other altcoins. Notably, the 50-day moving average is well below the current trading price at $0.06.</p>
<p>The 14-day Relative Strength Index (RSI) is indicating an overbought condition at the 79 level, suggesting a potential upcoming correction. The current surge, driven by events, could lead to a subsequent downturn as the impact of the events diminishes. Short-term sellers might create selling pressure that could pull the price below $0.09.</p>
<h2 id="strong-doge-network-activity-is-increasing-strong"><strong>DOGE Network Activity is Increasing</strong></h2>
<p>In the fourth quarter of 2023, Dogecoin is positioned as a leader in monthly price performance in the mega-cap meme coin sector. As reported by IntoTheBlock, the increase in DOGE daily transactions emerges as the main catalyst for the recent price surge.</p>
<p>Despite concerns about a potential price correction after a sharp decline in DOGE transactions between November 28 and December 2, the Dogecoin network witnessed a notable revival during this week’s overall crypto market rally.</p>
<p>After a brief fluctuation to 525,830 on December 2, DOGE transactions surged to over 1.46 million on December 4, nearly a 300% increase. The increased activity highlights Dogecoin’s resilience and its capacity to respond to market dynamics.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/dogecoin-gains-momentum-on-its-10th-anniversary-whats-next-for-doge/">Dogecoin Gains Momentum on Its 10th Anniversary: What’s Next for DOGE?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Dogecoin Gains Momentum on Its 10th Anniversary: What’s Next for DOGE?

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