Following Bitcoin, Dogecoin (DOGE) started the week with a decline. While a general upward trend is observed in the market, some altcoins, especially meme tokens, are attracting attention. Major cryptocurrencies like Ethereum (ETH) and Solana (SOL) are also continuing to increase in value. Dogecoin stands out as the leading meme token in terms of market value.
Movement in Altcoins
Although Dogecoin experienced a slight price increase on Monday, it showed a decrease in trading volume. Shiba Inu (SHIB) and other meme tokens, on the other hand, are moving in an upward trend. One of these tokens, Bonk, was on the rise as this article was being written.
Positive Signs Observed in Dogecoin
Meme token investors are generally excited about price increases. Dogecoin, by trading above important moving averages, indicates signs of a bullish market. Additionally, the recent golden cross strengthens the expectation of an increase and may encourage investors to invest in Dogecoin.
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