Recording 15% gain at the end of a one-week uptrend Dogecoin (DOGE)After this rise, it suffered a jolt and lost 3% in 24 hours. DOGE, who managed to get rid of these concussions, also started to recover.
According to the analysis by CoinGecko, although DOGE will not be able to display a sharp upward movement, it seems to be consolidating the gains it has made since March 23. DOGE, which fell to $0.134737, is now recovering as low as $0.13449.
meme coinstarted posting earnings shortly after it became available at “Bitcoin of America” crypto ATMs across the US. Today’s consolidation comes after reports that whales are holding $40 million in DOGE, taking up more than 3.5% of their portfolios.
DOGE priceAfter breaking an important resistance level a few days ago, it remains the 12th most valuable crypto asset. Dogecoin, which managed to surpass Binance USD (BUSD) after reaching the market value barrier of $ 18 billion, acts as if it shows that it is still in the game. However, DOGE still sits well below the all-time high $90 billion market cap recorded in May 2021.
DOGE has long been associated with tweets from Elon Musk, whose thoughts on Dogecoin often match well with price changes. But these recent changes appear to have been triggered by real changes in DOGE’s fundamentals.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.