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<a href="https://bitcoinworld.co.in/dogecoin-surged-77-fueled-by-bullish-market-and-whale-accumulation/" title="Dogecoin Surged 77%, Fueled by Bullish Market and Whale Accumulation" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The price of Dogecoin (DOGE) has surged over 77% this week, thanks to the bullish market and whale accumulation.</li> 
</ul> 
Dogecoin (DOGE) has skyrocketed over 77% this week, <a href="https://coinstats.app/coins/dogecoin/">riding</a> a wave of positive sentiment across the cryptocurrency market.&nbsp; 
The recent rally coincides with increased DOGE accumulation among large investors, known as “whales.” 
The number of addresses holding over 100,000 DOGE has <a href="https://messari.io/project/dogecoin/charts/addresses">risen</a> since January, while there’s been a slight decrease in addresses holding over 1 million DOGE.&nbsp; 
This suggests that traders on exchanges, often represented by these larger addresses, are accumulating DOGE rather than actively trading it. 
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Furthermore, Dogecoin’s price surge aligns with historical trends observed before previous Bitcoin halvings.&nbsp; 
The upcoming halving, scheduled for April 19, 2024, could be driving interest in DOGE, as some traders seek alternative investments for potentially higher short-term gains in anticipation of the event and its impact on the broader market.&nbsp; 
<figure id="attachment_67488" aria-describedby="caption-attachment-67488" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-67488" src="https://bitcoinworld.co.in/wp-content/uploads/Doge-Price-Chart-4-483x300.png" alt="" width="594" height="369" srcset="https://bitcoinworld.co.in/wp-content/uploads/Doge-Price-Chart-4-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Doge-Price-Chart-4.png 760w" sizes="(max-width: 594px) 100vw, 594px">
 <figcaption id="caption-attachment-67488" class="wp-caption-text">
 Doge Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
This aligns with similar price increases observed before the previous two Bitcoin halvings, where DOGE rose 200% and 50% respectively. 
Similar trends are playing out in other meme coins like Shiba Inu, Pepe, and Bonk, all demonstrating significant gains in the lead-up to the halving.&nbsp; 
This suggests a broader meme coin rally, possibly fueled by anticipation of increased market activity surrounding the Bitcoin halving. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
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The post <a href="https://bitcoinworld.co.in/dogecoin-surged-77-fueled-by-bullish-market-and-whale-accumulation/">Dogecoin Surged 77%, Fueled by Bullish Market and Whale Accumulation</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Dogecoin Surged 77%, Fueled by Bullish Market and Whale Accumulation

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