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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-trust-volume-increase-in-dogecoin/" data-wpel-link="internal">Investors Trust Volume Increase in Dogecoin</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market has recently entered a significant decline. Especially <a href="https://en.coin-turk.com/bitcoin-miners-influence-on-price-stability/" data-wpel-link="internal">Bitcoin</a>’s (BTC) impact on markets dragged other assets along. Dogecoin (DOGE) experienced a notable price drop, while its trading volume increased significantly.</p> 
<h2 style="text-align: justify" id="dogecoin-investors-trust-volume-increase">Dogecoin Investors Trust Volume Increase</h2> 
<p style="text-align: justify"><strong>Dogecoin</strong> fell by 6.25% in the last 24 hours to $0.09925. Despite this price drop, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> see the 25% increase in trading volume as a positive signal. Reaching a total trading volume of over $668 million, DOGE is known as a speculative cryptocurrency, but investor interest remains strong.</p> 
<p style="text-align: justify">During this volatile period for DOGE, other meme coins like Shiba Inu (<strong>SHIB</strong>) and <strong>PEPE</strong>) suffered larger losses. SHIB fell by 7.2% and PEPE by 9.23%.</p> 
<h2 style="text-align: justify" id="strong-recovery-expected-despite-price-drop">Strong Recovery Expected Despite Price Drop</h2> 
<p style="text-align: justify">Dogecoin stands out as a favorite among large investors, known as whales. After weeks of resisting at a critical support level, the price eventually fell. However, the intense interest from whales and more than 70% of profitable Dogecoin addresses lead investors to stay with DOGE despite the market’s tough conditions.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-383844 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/DOGEUSDT_2024-08-28_12-24-08.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">This situation especially raises the possibility that a short-term recovery in Bitcoin could also lift Dogecoin’s price. Market players expect Dogecoin to benefit positively if Bitcoin regains strength.</p> 
<h2 style="text-align: justify" id="recovery-in-memecoins-could-affect-doge">Recovery in Memecoins Could Affect DOGE</h2> 
<p style="text-align: justify">Since Dogecoin is the king of meme coins in the cryptocurrency world, any movement in meme coins brings the possibility of a recovery for Dogecoin. Although Dogecoin has fallen below $0.1, it is expected to rise above this level again with market activity.</p> 
<p style="text-align: justify">Despite the ongoing price fluctuations in Dogecoin, the increase in volume is valuable for investor hopes. Looking at the market as a whole, DOGE’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> path seems largely dependent on the performance of meme coins and Bitcoin.</p> 
<ul class="Summary"> 
 <li>Cryptocurrency market has recently entered a significant decline.</li> 
 <li>Dogecoin fell by 6.25% in the last 24 hours to $0.09925.</li> 
 <li>Dogecoin’s future path depends on meme coins and Bitcoin’s performance.</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-trust-volume-increase-in-dogecoin/" data-wpel-link="internal">Investors Trust Volume Increase in Dogecoin</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-trust-volume-increase-in-dogecoin/" data-wpel-link="internal">Investors Trust Volume Increase in Dogecoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Trust Volume Increase in Dogecoin

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