Dogecoin

bullish

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-users-observe-increased-network-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Users Observe Increased Network Activity</a><br></p>
<p style="text-align: justify">Dogecoin (<a href="https://en.coin-turk.com/dogecoin-faces-potential-decline-in-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>) users are witnessing a sudden surge in network activity. Popular on-chain strategist Ali Martinez shared insights with his 73,400 followers on the social media platform X, suggesting that this increase may be supported by institutional investors.</p>
<h2 id="increase-in-network-activity">Increase in Network Activity</h2>
<p style="text-align: justify">Martinez highlighted a consistent rise in the number of large transactions on the Dogecoin network, indicating that institutional players and DOGE whales might be positioning themselves for a potential upward move.</p>
<h2 id="large-investments-and-whales">Large Investments and Whales</h2>
<p style="text-align: justify">Last week, Martinez noted that <a href="https://en.coin-turk.com/crypto-market-surges-with-bitcoin-and-ethereum-leading-the-way/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> whales purchased over $100 million worth of DOGE in just one day, which could be positive signs for DOGE’s future performance.</p>
<h2 id="market-expectations">Market Expectations</h2>
<p style="text-align: justify">Martinez believes that Dogecoin could replicate the massive rallies seen in 2017 and 2020, predicting that DOGE might surpass its all-time high of $0.7316 and exceed $2. He added, “Dogecoin whales bought over 1 billion DOGE in 24 hours, totaling approximately $108.7 million!”</p>
<p style="text-align: justify">At the time of writing, Dogecoin is trading at around $0.113, having experienced an increase of over 2% in the last 24 hours.</p>
<p style="text-align: justify">Martinez stated that DOGE could experience a 200% increase, a 60% pullback, and then enter a bullish phase after breaking out of a multi-year descending triangle formation.</p>
<p style="text-align: justify">After a recent decline of 65%, there is speculation that a significant rally could be on the horizon. The rising transaction volume on Dogecoin’s network and the substantial purchases by whales offer hope for a potential upward trend.</p>
<p>The post <a href="https://en.coin-turk.com/dogecoin-users-observe-increased-network-activity/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Users Observe Increased Network Activity</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Dogecoin Users Observe Increased Network Activity

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