How High Will Dogecoin Surge If A DOGE ETF Is Approved?
The Dogecoin (DOGE) ecosystem has been making quite some noise because of its increased large transactions. Data from Santiment revealed that the OG meme coin hit a 4 month high in terms of whale transactions. The total number of whale transactions jumped to the 1,203 mark. In addition, Dogecoin’s trading volume increased by more than 33% to $3.57 billion. This further suggests that investor interest is rising and that a rally may be imminent. Also Read: Microsoft Eyes November Launch of AI Employees: What it Means for MSFT Is Dogecoin’s High Network Activity Reflecting on the Price? Elaborating on the rising activity in the DOGE market, Santiment said, “On-chain activity indicates that whales may not be done with all the bullish momentum of crypto’s top meme coin. Though they took profit just before the top, their activity remains very high on DOGE’s network.” At press time, DOGE was trading at $0.1399 following a slight setback in terms of price. Over the past 24 hours, Do...