Based on IntoTheBlock data dogecoin whales have become more active in the last 24 hours, and the amount of large cryptocurrency transactions has increased by 111%.
Dogecoin’s Transactions Above $100,000 Increase 111 Percent In The Last 24 Hours
The increased activity of large transactions generally means that institutional investors or whales are buying or selling cryptocurrencies. IntoTheBlock stated that the data covers transfer transactions over $100,000.
Dogecoin price is trading at $0.1311 at the time of writing, according to CoinMarketCap data.
However, the DOGE price managed to climb up to $ 0.141 in its positive rally since March 21.
Positive News Coming for DOGE Recently
not long ago DOGE, Bitcoin of America cryptocurrency It was made available at their ATMs and this is considered positive news for DOGE.
Americans can now buy and sell DOGE and withdraw cash from over 1,800 ATMs. This news greatly increased investor sentiment.
In addition, a dental clinic in New York-Manhattan announced that it has started to accept Dogecoin, Bitcoin and Ethereum.
with this DOGE, At the time of this writing, it ranks 13th in the list of the world’s largest cryptocurrencies. Recently, the world’s largest meme coin Binance USD (BUSD) surpassed the overall market cap, placing it in 12th place.
However, it should be noted that DOGE is still far behind the $90 billion market value it reached in May 2021.
*Not investment advice.