Dogecoin

Giant

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whale-stirs-dogecoin-market-with-giant-transfer" rel="noopener noreferrer nofollow">Whale Stirs Dogecoin Market with Giant Transfer</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/massive-dogecoin-movement-detected-the-crypto-community-buzzes" rel="noopener noreferrer nofollow">Dogecoin</a>, the leading meme-based cryptocurrency by trading volume, was thrust into the spotlight following the transfer of a substantial 400 million DOGE, valued at $34.37 million, to a centralized exchange (CEX) on February 15th. This significant transaction, tracked by Whale Alert, coincided with the digital currency’s price nearing $0.09 amid a wider market upsurge, sparking widespread discussion and speculation among traders and crypto enthusiasts.</p>
<h2 id="whale-moves-and-market-speculation">Whale Moves and Market Speculation</h2>
<p style="text-align: justify">As the market optimism for Dogecoin grows, reflected by its rising price, derivative data for the cryptocurrency presented a dip on the day in question. However, Whale Alert’s tracking information disclosed that the large amount of Dogecoin in the transaction was directed to the Robinhood exchange platform.</p>
<p style="text-align: justify">Historical analysis indicates that this was not an isolated incident; the same whale engaged in a similar large-scale transfer during an earlier uptrend. This pattern has captured the attention of the crypto community, leading to various theories regarding the token’s current trajectory.</p>
<h2 id="market-bullishness-and-dogecoin-s-value-surge">Market Bullishness and Dogecoin’s Value Surge</h2>
<p style="text-align: justify">Open interest data from Coinglass highlighted a 12.67% surge for Dogecoin, reaching an impressive $569.11 million. This significant influx of liquidity into the market aligns with the positive sentiment surrounding the cryptocurrency, as its price continues to climb.</p>
<p style="text-align: justify">Recent figures from 21milyon.com showcase Dogecoin’s 3.29% price increase within a 24-hour span, trading at $0.086. The coin briefly touched $0.08791, approaching the $0.09 mark and sparking discussions about the possibility of it hitting $0.1 in the near future. With a more than 90% uptick in trading volume, reaching $783 million, and a total market volume rise of 4% that exceeds $12 billion, the crypto sector has its eyes set on the potential climb of Dogecoin’s price to the much-anticipated $0.1 mark.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whale-stirs-dogecoin-market-with-giant-transfer" rel="noopener noreferrer nofollow">Whale Stirs Dogecoin Market with Giant Transfer</a></h5>

Whale Stirs Dogecoin Market with Giant Transfer

Indice dei contenuti

BH NEWS

Altri articoli pubblicati su 15 feb 2024

Craig Wright remembers smashing Satoshi’s hard drive while on sedatives

Minu Price Prediction: MINU Soars 59%, But Analysts Say This Presale With 100X Potential Might Be...

Why DeeStream, AltLayer, BCH emerge as top investment picks

Deere (DE) Reports Strong Q1 with $12.185 Billion in Revenue, $6.23 EPS

USDC Anywhere Launches: Revolutionizing DeFi with Cross-Chain Accessibility

Report: Why Are Administrative Applications of AI in Healthcare Expedient?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!