Dogecoin (DOGE) Whales Accumulate Amidst Price Drop
Over the past month, Dogecoin (DOGE) has seen a 25% drop in price, leading to a decrease in retail investor activity and a reduction in active addresses. However, in an attempt to counteract this downturn, Dogecoin (DOGE) whales have been accumulating more tokens, adding over 140 million DOGE worth around $10.7 million in just two weeks. These big players have historically had a significant impact on the price of Dogecoin (DOGE).
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ScapesMania is a crypto project that aims to offer greater gains for those who missed out on Dogecoin’s (DOGE) surge in 2021. With a strong post-listing marketing strategy, ScapesMania is expected to increase in value after being listed on tier-1 exchange platforms. The project is well-balanced and designed to act as a gaming ecosystem, offering utility beyond just being a meme coin.
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Dogecoin (DOGE) Gains Momentum with New Developments
Dogecoin (DOGE) has recently been listed on Flitpay, a prominent Indian cryptocurrency exchange, increasing its exposure and potential for a price surge. This listing was accompanied by a promotional campaign, offering bonuses and rewards for users. In addition, whale addresses have been accumulating Dogecoin (DOGE) despite the recent price drop, which could potentially trigger a recovery rally.
Market analysts predict a 30% upside potential for Dogecoin (DOGE) and even speculate that it could reach as high as $5 based on historical patterns.
Hot Take: Dogecoin (DOGE) Makes a Comeback
While Dogecoin (DOGE) has faced a challenging period with a price drop and decreased retail investor activity, it is now showing signs of a potential rally. Whale activity, new exchange listings, and positive developments suggest a significant price increase in the near future. This could be an opportunity for crypto investors to ride the wave and potentially profit from Dogecoin (DOGE) once again.