The meme token Dogecoin (DOGE), which has the world’s largest market value, has risen one step among the most valuable cryptocurrencies by showing an upward performance of nearly 100% in the last 7-day period.
DOGE, which rose with the acquisition of Twitter by Elon Musk, surpassed Cardano (ADA) among the most valuable cryptocurrencies. 8th place reached. Famous analyst Peter Brandt, who shared about this situation, said that DOGE’s to a new bull cycle claimed to have entered.
Brandt shared a graphic on his Twitter account on October 30, stating:
This is a “bear channel”. The bear market for DOGE, which began in May 2021, has now come to an end.
In the graphic shared by Brandt, increased in volume of DOGE, “falling channel” with the rise it experienced with a voluminous and hard wax looks like it broke. Many analysts believe that trend changes are this way. it should be bulky says. For this reason, the voluminous breakdown experienced by DOGE falling trend can change.
In May last year to the level of 90 billion dollars DOGE’s market value, which has reached up to at the level of 16 billion dollars exists. At the time of writing (ATH) 84% cryptocurrency traded under Nearly 100% increase in the 7-day period with from $0.1173 is being traded.
