Cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH), continue to push new resistance levels during the ongoing rally. Despite that dogecoin (DOGE) came to the fore with a remarkable and almost uninterrupted rise in the previous days. In recent days, there has been significant growth in DOGE’s on-chain transactions, with transaction volume rising to $665 million, a 3-month high.
According to data published by Santiment, a significant amount of Dogecoin long transactions continue to be opened as investors predict that prices will rise.
centimeter Also, DOGE BinanceHe stated that the explosion potential increased with the increase in the funding rate in and the rise of on-chain transactions.
Dogecoin is trading at $0.09, up 10.22% in the last 24-hour period. Recording an increase of 17.40% in the 7-day period DOGE, has gained an impressive 47.11% in the previous 30-day period. This increase in value comes from solid indicators during the same period, where it had 20 green days in the previous 30 days and was simultaneously trading above the 200-day moving average.
Over the one-year time frame, it has outperformed 59% of the top 100 crypto assets and is still trading 88% below its all-time high. Despite these, the current trend shows promising signs of reaching the $0.10 milestone, which would mean a return to the value it has not experienced in almost a year.