Rally

Show

Dogecoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Dogecoin (DOGE) has maintained its dominance in the meme coin world, as showcased by its recent on-chain statistics.&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">According</a> to data from IntoTheBlock (ITB), Dogecoin whales are&nbsp;<a href="https://u.today/dogecoin-doge-whales-knows-what-many-do-not-intriguing-data-emerges" rel="noopener noreferrer nofollow">sustaining their momentum</a> as the large transaction volume has been driven above the $1.6 billion benchmark after jumping by 27.97% over the past 24 hours.
Dogecoin is notably seeing an impressive uptick across several metrics in what is coming off as an emphatic switch to end the year on a more bullish note. At the moment, Dogecoin is changing prices for $0.09322, up by 1.3% in readiness to clear off one more zero.
The Dogecoin price outlook is taking an important bullish cue from the whales operating within the ecosystem with their unfettered rally to new heights. The whale transaction volume is even more impressive, seeing as the value jumped from 10.19 billion DOGE as of Dec. 24 to the more than 17.39 billion it is at at the moment. <img data-entity-type="file" data-entity-uuid="c2490f9d-14ec-4189-9624-cc6d55c44c7a" src="https://u.today/sites/default/files/inline-images/ITB_doge_large_transactions_volume_dogecoin_2023-12-28T08_28_51.653Z.png">Dogecoin Whale Transaction Volume. Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Besides this, there is a bullish uptick in the Daily Active Addresses resident on the Dogecoin network. At this time, the Dogecoin protocol boasts more than 137,120 active addresses, representing a growth rate of 37.21%. These addresses are a testament to the rebooting interest in DOGE as an asset class.
<h2 id="dogecoin-advantage">Dogecoin advantage</h2>
When compared to its&nbsp;<a href="https://u.today/bonk-getting-doge-like-attention-from-traders-report-says" rel="noopener noreferrer nofollow">rival meme coins</a>, Dogecoin notably has a lower number of ecosystem advantages; however, it is leveraging that which it has in the best possible way.
The whale embrace of Dogecoin is one advantage that has not only helped it maintain its price outlook but is poised to drive it on an impending mega rally ahead of the new year. Another advantage is the influence of celebrity promoters like Elon Musk.
Though the billionaire owner of Tesla and the X app has cooled down his posts on Dogecoin lately, his influence is like a sleeping giant that, when awakened, can&nbsp;<a href="https://u.today/elon-musks-tweet-sets-dogecoin-doge-on-fire-craze-and-fade-in-mere-minutes" rel="noopener noreferrer nofollow">push</a> it far beyond the growth recorded by its rivals to that point.

Dogecoin (DOGE) Metrics Show Mega Rally Is About to Start

Table of Contents

U_Today

Other articles published on Dec 28, 2023

Introducing MONTHLY MYRTLE NFT

MicroStrategy’s Bitcoin Purchases Boost MSTR Stocks!

Bitcoin price prediction for 2024

Vitalik Buterin lauds Arbitrum; ARB rallies 22% in 24 hours

Breaking: Cathie Wood Sells Off All Remaining Grayscale GBTC Stocks

New Solana Memecoin, Silly Dragon (SILLY), Reaches 300% Weekly Rise

Join our free newsletter for daily crypto updates!