Cryptocurrency

Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/dogecoin-soars-30-as-major-cryptocurrency-exchanges-witness-whopping-transfers">Dogecoin Soars 30% as Major Cryptocurrency Exchanges Witness Whopping Transfers</a><br></p>
<p style="text-align: justify"> <a href="https://en.bitcoinhaber.net/analysts-predict-sharp-swings-for-dogecoin-as-interest-rises">Dogecoin</a>, the leading meme coin, saw a sharp 30% rise in value, stirring excitement among crypto enthusiasts for a resurgence. Concurrently, Whale Alert reported the movement of 761.2 million <a href="https://en.bitcoinhaber.net/dogecoin-movement-significant-transfers-and-market-fluctuations">DOGE</a>, coinciding with Dogecoin’s trading at levels above $0.1. </p> 
<h2 id="massive-whale-activity-observed">Massive Whale Activity Observed</h2> 
<p style="text-align: justify"> The derivative data for Dogecoin suggests a positive market sentiment, likely contributing to the <a href="https://en.bitcoinhaber.net/ripple-ceo-foresees-future-of-crypto-etfs">cryptocurrency</a>‘s price spike. Details from Whale Alert show that on February 29th, several large transactions involving 761.2 million DOGE took place. </p> 
<p style="text-align: justify"> For instance, an anonymous entity transferred 66 million DOGE valued at $7.19 million to Binance, one of the top crypto exchanges. Additionally, an immense sum of 500 million DOGE, estimated at $53 million, was sent to the Robinhood exchange platform. This flurry of activity, including transfers to and from exchanges, elicited mixed reactions among Dogecoin investors and analysts. </p> 
<h2 id="dogecoin-s-ascending-market-position">Dogecoin’s Ascending Market Position</h2> 
<p style="text-align: justify"> Following the surge, Dogecoin advanced in the global market cap ranking by CoinMarketCap, moving from 10th to 9th position. This leap followed Dogecoin’s significant price movement outpacing the broader market. </p> 
<p style="text-align: justify"> Currently, Dogecoin’s price has jumped by 31%, breaking above $0.13, with trading volumes skyrocketing by 259% within a day. This surge in activity has boosted Dogecoin’s market capitalization by 32% to over $18.7 billion, allowing it to surpass AVAX. In related developments, Ferrari’s decision to accept Dogecoin for vehicle purchases is believed to have positively influenced its market performance.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/dogecoin-soars-30-as-major-cryptocurrency-exchanges-witness-whopping-transfers">Dogecoin Soars 30% as Major Cryptocurrency Exchanges Witness Whopping Transfers</a></h5>

Dogecoin Soars 30% as Major Cryptocurrency Exchanges Witness Whopping Transfers

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