Dogecoin

2024

Bitcoin

All eyes in the crypto community were on bitcoin last night as the asset was expected to finally hit the coveted milestone of $100,000. Although it came just $250 away on most exchanges, BTC failed to do so and has retraced by around a grand.
However, Dogecoin has emerged to catch the attention now, with a massive surge that drove it to around $0.48 earlier today – a new 3.5-year peak.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/DOGEUSD-2.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2024/11/DOGEUSD-2.png" alt="DOGEUSD. Source: TradingView" width="1835" height="819"></a>
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 DOGEUSD. Source: TradingView
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The largest meme coin flirted with $0.4 for a couple of days straight but was ultimately kept beneath it by the bears. However, it exploded above it yesterday to $0.42 initially and then shot up to $0.48 for the first time since the bull market in H1 of 2021.
Dogecoin is among the <a href="https://cryptopotato.com/doge-price-soars-150-weekly-but-this-exploding-metric-hints-at-further-gains/" rel="noopener noreferrer nofollow">most notable gainers</a> since Trump won the US elections, perhaps due to Musk’s affiliation with both the meme coin and the president-elect. DOGE has soared by more than 200% in the past month and crypto analysts are now placing impressive and perhaps far-fetched targets for the asset during this bull cycle.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$doge</a> about to break out of last log scale fib before all time high and beyond. $4-10 to close out the cycle would be epic. We need absolute irrational number targets to be hit in order to cement its place in crypto for next season. <a href="https://t.co/KJqPvNyD1E" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KJqPvNyD1E</a>
 — Cephii (@Cephii1) <a href="https://twitter.com/Cephii1/status/1860100068327719030?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 22, 2024</a>
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DOGE is also the best-performing meme coin in the past 24 hours. The only other one well in the green is SHIB, which is up by over 7%.
However, PEPE, BONK, WIF, FLOKI, BRETT, POPCAT, and even the recent sensation PNUT are with losses of up to 7%.
Moreover, DOGE’s rally has led to nearly $40 million in short liquidations over the past 24 hours for Dogecoin bears, according to CoinGlass.
The post <a href="https://cryptopotato.com/bitcoin-failed-to-reach-100k-but-dogecoin-explodes-by-double-digits-to-almost-0-5/" rel="noopener noreferrer nofollow">Bitcoin Failed to Reach $100K but Dogecoin Explodes by Double Digits to Almost $0.5</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Failed to Reach $100K but Dogecoin Explodes by Double Digits to Almost $0.5

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