2024

Dogecoin

April

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<p class="is-style-lead">The price of dog-themed meme coin Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="">DOGE</a>) shot up 10.1% to go above the $0.20 mark over the past 24 hours. </p> 
<p>The meme coin has been on an upward trend in the last couple of days, gaining 7% on April 6 to surpass $0.18 after a period of stability earlier in the week.&nbsp;</p> 
<p>Analysts attributed the surge to a substantial movement of 200 million Dogecoins from Robinhood to an undisclosed wallet. It sparked discussions in the crypto <a href="https://crypto.news/tag/community/" target="_blank" rel="">community</a> about its potential to reach the coveted $1 milestone.&nbsp;</p> 
<p>The movement of DOGE, totaling around $35.45 million, was detected by Whale Alert. It involved two transactions carried out within 24 hours.&nbsp;</p> 
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   <p lang="en" dir="ltr">🚨 100,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#DOGE</a> (17,771,289 USD) transferred from <a href="https://twitter.com/hashtag/Robinhood?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Robinhood</a> to unknown wallet<a href="https://t.co/aGFP71LF36" target="_blank" rel="">https://t.co/aGFP71LF36</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1776370094404165932?ref_src=twsrc%5Etfw" target="_blank" rel="">April 5, 2024</a>
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<h2 class="wp-block-heading" id="dogecoin-resurgence">Dogecoin resurgence</h2> 
<p>Initially, the mysterious wallet moved 100 million DOGE worth $17.77 million from <a href="https://crypto.news/tag/robinhood/" target="_blank" rel="">Robinhood</a>, followed by another transaction of 99.27 million meme coins valued at $17.68 million from the same platform. This activity pushed DOGE’s price up by more than 7% to reach $0.196.</p> 
<p>Currently, DOGE is trading at $0.2003, reflecting a more than 10% increase in the past 24 hours and an 18.7% uptick over the last 30 days.&nbsp;</p> 
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  <img loading="lazy" decoding="async" width="1600" height="1168" src="https://crypto.news/app/uploads/2024/04/image-1.png" alt="Dogecoin surges over 10% to cross $0.20 mark: - 17"> 
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  Dogecoin 24-hrs price chart | Source: CoinGecko
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<p>Its price over the last fortnight was also in the green, registering nearly 15% growth. However, over the previous seven days, the meme coin’s performance was a tad lackluster, losing 3.9% of its value, according to CoinGecko.&nbsp;</p> 
<p>Alongside the whale transactions, several bullish metrics have also contributed to this price jump, including a 31.95% rise in trading volume over the previous day to $2.23 billion, indicating increased market activity and interest in DOGE.&nbsp;</p> 
<p>Additionally, <a href="https://www.coinglass.com/currencies/DOGE" target="_blank" rel="">data</a> from CoinGlass indicates that open interest in Dogecoin has grown by 17.5% to $1.67 billion. Notably, a substantial portion of this interest, $553.17 million, is held on Binance, followed by Bybit with $435.19 million and BingX with $216.98 million.&nbsp;</p> 
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  Dogecoin futures open interest | Source: CoinGlass
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<p>This widespread participation across different platforms showcases widespread trader participation.</p> 
<p>Overall, Dogecoin’s recent price movements and market metrics suggest a resurgence in investor confidence and interest, highlighting its continued relevance across the cryptocurrency landscape.</p> 
<p> Read more: <a href="https://crypto.news/top-cryptocurrencies-to-watch-this-week-ckb-w-pendle/" rel=""> Top cryptocurrencies to watch this week: CKB, W, PENDLE </a> </p>

Dogecoin surges over 10% to cross $0.20 mark:

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