Analyses of Dogecoin’s Rise

After the fluctuations last weekend, Dogecoin (DOGE), ranked eighth in market value, attracted attention with a monthly gain of 96 percent. Dogecoin, which started trading at the level of $0.164, became one of the prominent cryptocurrencies in the market recovery process. Whale Movements in DOGE This increase in Dogecoin was also an important rise in whale transactions. Dogecoin whales’ transactions, which exceeded $1 million last month, increased by more than 600 percent, reaching a new turning point. IntoTheBlock analysis indicated that this increase pointed to a high number of Dogecoin millionaire transactions and showed that despite market fluctuations, the participation of large investors increased. Futures Contracts and Analytical Reports in DOGE Coinbase Derivatives announced plans to launch futures contracts for Dogecoin in April, in addition to Bitcoin Cash and Litecoin. This announcement coincided with news about additional licenses taken to facilitate payment functions on a social media platform where Elon […]

Analyses of Dogecoin’s Rise

After the fluctuations last weekend, Dogecoin (DOGE), ranked eighth in market value, attracted attention with a monthly gain of 96 percent. Dogecoin, which started trading at the level of $0.164, became one of the prominent cryptocurrencies in the market recovery process.

Whale Movements in DOGE

This increase in Dogecoin was also an important rise in whale transactions. Dogecoin whales’ transactions, which exceeded $1 million last month, increased by more than 600 percent, reaching a new turning point. IntoTheBlock analysis indicated that this increase pointed to a high number of Dogecoin millionaire transactions and showed that despite market fluctuations, the participation of large investors increased.

Futures Contracts and Analytical Reports in DOGE

Coinbase Derivatives announced plans to launch futures contracts for Dogecoin in April, in addition to Bitcoin Cash and Litecoin. This announcement coincided with news about additional licenses taken to facilitate payment functions on a social media platform where Elon Musk made pioneering news. Elon Musk had previously hinted at integration with blockchain.

According to data from CoinGlass, Dogecoin’s open positions were over $1.30 billion as of March 22. Dogecoin itself, while experiencing a drop of over 70% from previous all-time highs, reached a new peak of $1.4 billion in open positions at the beginning of this month. Experts predict that if the upward momentum continues, Dogecoin could reach a new high level.

how to buy crypto?
Related Posts

Token Lock Releases and the Market Impact of ID Token

News 4 weeks ago

The cryptocurrency ecosystem closely monitors token lock release events, especially with great attention. Within the next week, it is indicated that token lock releases worth approximately $45.80 million will take place. These events can significantly affect market fluctuations. Particularly, ID, the local token of the Space ID platform that provides domain services in blockchain networks, is one of the key tokens that investors keep an eye on. ID Token Lock Release The lock release of the ID token, which will show an increase in supply of approximately 4.29%, will take place on April 22 at 03:00. This event can affect the market value of the ID token and the interest of investors in this token. Currently, the token is trading at $0.849 level and investors are closely monitoring this process. ID Chart Analysis According to the four-hour chart analysis of the ID token, an exit from the falling channel formation […]

Analysis of XRP Coin on SEC Lawsuit and Market Impacts

News 4 weeks ago

The ongoing legal process with the SEC has been affecting the market evaluations of XRP coin. Lawyers are set to present their appeals on Monday. Experts indicate that the increase in circulation supply will make it difficult for XRP to reach its former highs. Nevertheless, the recent short-term recovery in its price is promising. Market Dynamics and Price Movements Following recent losses, XRP has risen by 5.55% to $0.53. While its losses were greater compared to other cryptocurrencies, it is currently showing signs of recovery. Legal evaluations, court documents, and other details may positively or negatively impact XRP’s price in the future. Throughout 2024, the market has been on the rise while XRP has been lagging behind other altcoins. It lost 15% this year, while Bitcoin showed a 35% increase. This underperformance of XRP has prevented its growth even in high-risk appetite days. Investor Interest and Expectations Some investors may […]

The Strong Structure of Cardano (ADA) Treasury and ADA Coin Price Predictions

News 4 weeks ago

Cardano’s (ADA) treasury holds 1.5 billion ADA, which accounts for more than 4% of the circulating supply and is worth around $720 million with the current market value. These funds in the treasury are used to support the ecosystem and finance new projects. The Cardano ecosystem aims to create a self-sustaining structure using this balance. Features of the Cardano Ecosystem Cardano has a decentralized structure and allows ADA owners to vote democratically. This structure strengthens decentralization and democratic governance. The funds in the treasury increase through network activity, and a portion of transaction fees and block rewards accumulate in the treasury. The community votes on the use of these funds to finance projects. However, despite the expansion of Cardano’s smart contract capabilities, the number of applications that attract a significant and large user base on the network remains insufficient. The Future of ADA Coin According to technical analysis expert Ali […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $67,144.000.41%
  • ethereumEthereum(ETH)
    $3,120.250.75%
  • tetherTether(USDT)
    $1.00-0.03%
  • binancecoinBNB(BNB)
    $579.75-0.17%
  • solanaSolana(SOL)
    $174.441.03%
  • usd-coinUSDC(USDC)
    $1.000.01%
  • staked-etherLido Staked Ether(STETH)
    $3,117.440.78%
  • rippleXRP(XRP)
    $0.52-0.24%
  • the-open-networkToncoin(TON)
    $6.450.46%
  • dogecoinDogecoin(DOGE)
    $0.1550470.25%
Random