Shiba

Dogecoin

Shiba Inu

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-soars-with-a-20-surge-in-value/" data-wpel-link="internal">Dogecoin Soars with a 20% Surge in Value</a><br></p>
<p style="text-align: justify">Dogecoin, the largest meme coin by market value, experienced an increase of over 20% today. Meanwhile, BTC is finding buyers at $60,700 at the time of writing. The rapidly rising markets have not yet triggered the desired level of gains in altcoins. For now, a few altcoins like SOL, SHIB, and <a href="https://en.coin-turk.com/dogecoin-doge-price-analysis-will-doge-continue-to-rise/" data-wpel-link="internal">DOGE</a> have gained over 15%.</p> 
<h2 style="text-align: justify" id="dogecoin-doge">Dogecoin (DOGE)</h2> 
<p style="text-align: justify">In the last 24 hours, Dogecoin’s value has increased by 30%, and its market cap has risen to $18.6 billion today. Data from Coinglass indicates a 50% increase in interest in Dogecoin futures. The open interest for DOGE has reached a record level of $1.09 billion. However, a relaxation in the overall market sentiment is expected.</p> 
<p style="text-align: justify">Before moving on to Dogecoin, I should mention that ETF volume data has weakened compared to yesterday, and this could trigger weekend profit-taking if there are no surprises tomorrow. Returning to Dogecoin, the increase in open interest in futures indicates positive cash inflows.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-321414 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/DOGE-Vadeli-Islemler.webp" alt="" width="1536" height="542"></p> 
<p style="text-align: justify">Along with Dogecoin, other meme coins like BONK and <a href="https://en.coin-turk.com/shiba-coin-current-status-and-price-prediction/" data-wpel-link="internal">Shiba</a> Inu also became active today. This kind of rapid rise is what we are accustomed to during such periods.</p> 
<h2 style="text-align: justify" id="doge-price-predictions">DOGE Price Predictions</h2> 
<p style="text-align: justify">Three market commentators have expressed their views on the current outlook for Dogecoin. Kaleo sees a bright future for Dogecoin and advocates for profit-making days for <a href="https://en.coin-turk.com/critical-support-lost-in-eth-btc-pair-why-is-ethereum-losing-value/" data-wpel-link="internal">Bitcoin</a>. Rekt Capital also favors the continuation of the price rise and argues that the meme coin king should not be underestimated. Rekt Capital wrote:</p> 
<blockquote> 
 <p style="text-align: justify">“A monthly close above the macro downtrend will start a new macro uptrend for DOGE.”</p> 
</blockquote> 
<p style="text-align: justify">If the expected optimistic scenario materializes, the price could increase by more than 300% and test the resistance area of $0.52. This would be the first journey towards $1 without Elon Musk’s involvement, and if it catches Musk’s attention, dreams could become reality.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-321415 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Dogecoin-Grafik-.png" alt="" width="1692" height="827"></p> 
<p style="text-align: justify">Dogecoin, which has surpassed most cryptocurrencies in market value, is currently at $0.125, and maintaining these levels will motivate optimists. However, we must also consider the downside. The latest DOGE analysis from CryptoQuant indicates that Dogecoin is in the “overbought” zone and profit-taking may follow.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-soars-with-a-20-surge-in-value/" data-wpel-link="internal">Dogecoin Soars with a 20% Surge in Value</a></h5>

Dogecoin Soars with a 20% Surge in Value

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