{"id":559533,"date":"2023-11-07T17:00:05","date_gmt":"2023-11-07T17:00:05","guid":{"rendered":"https:\/\/wncen.com\/?p=559533"},"modified":"2023-11-07T11:37:28","modified_gmt":"2023-11-07T11:37:28","slug":"dogecoin-0-075-3-month-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-0-075-3-month-high\/","title":{"rendered":"Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\u2019s Far From Done"},"content":{"rendered":"

Dogecoin has emerged as one of the clear winners in the last week after its price climbed over 10% to secure the $0.075 level. This incredible rally has brought the meme coin to its highest level in the last three months. However, it may only be getting started as multiple DOGE metrics<\/a> continue to exhibit bullishness.<\/p>\n

Dogecoin Whales Still In The Game<\/h2>\n

One of the most important metrics that show how investors are looking at a coin like Dogecoin is what the large investors are doing. Initially, when the crypto market rally began and DOGE<\/a> started to move up, the whale addresses remained muted without showing too much activity. But that has started to change with a drastic rise in the whale movements.<\/p>\n

Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold<\/a><\/div>\n

According to data<\/a> from IntoTheBlock, in the last 24 hours, Dogecoin whales<\/a> have carried out over $1.48 billion worth of transactions. This is in stark contrast to last week\u2019s figures coming in at an average of $600 million in daily transactions by these large holders.<\/p>\n

\"Dogecoin<\/p>\n

DOGE large transactions climb to $1.48 billion | Source: IntoTheBlock<\/pre>\n
It means that there has been a more than 100% rise in daily large transaction volume for Dogecoin, suggesting that the whales are coming out to play. The spike also began around November 4 which is when the DOGE price<\/a> had begun moving upward quickly. This could mean that these whales have been buying large quantities, leading to a drastic decrease in the available DOGE supply<\/a> on the open market.<\/p>\n
The number of large transactions reached 1,320 on November 6, just 100 transactions shy of the asset\u2019s October highs. IntoTheBlock also shows a leaning toward bullishness with more addresses being bullish compared to those which are bearish.<\/p>\n
DOGE Volumes Are On The Rise<\/h2>\n
Dogecoin whale transactions and volumes are not the only Dogecoin metrics<\/a> that have been on the rise. The meme coin\u2019s daily trading volume has also exploded during this time as well, with a 64% increase in a 24-hour period.<\/p>\n
\"Dogecoin<\/p>\n
Daily trading volume rises | Source: CoinMarketCap<\/pre>\n
This drastic rise has brought its daily trading volume above $870 million with the possibility of crossing $1 billion in the coming days. This exponential rise in daily trading volume indicates rising interest, especially with the spot buying and selling.<\/p>\n
Related Reading: Shiba Inu-Based BONE Eyes $1 As This On-Chain Metric Explodes<\/a><\/div>\n
During this time, the DOGE profitability<\/a> has been rising quickly, bringing 53% of all holders back into profit. This has contributed to the bullish sentiment of the meme coin and could help to trigger more capital inflow into Dogecoin as investors try to take advantage of the price recovery.<\/p>\n
\"Dogecoin<\/p>\n
DOGE price loses footing at $0.075 | Source: DOGEUSD On Tradingview.com<\/a><\/pre>\n
Featured image from StormGain, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin has emerged as one of the clear winners in the last week after its price climbed over 10% to secure the $0.075 level. This incredible rally has brought the meme coin to its highest level in the last three months. However, it may only be getting started as multiple DOGE metrics continue to exhibit bullishness. Dogecoin Whales Still In The Game One of the most important metrics that show how investors are looking at a coin like Dogecoin is what the large investors are doing. Initially, when the crypto market rally began and DOGE started to move up, the whale addresses remained muted without showing too much activity. But that has started to change with a drastic rise in the whale movements. Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold According to data from IntoTheBlock, in the last 24 hours, Dogecoin whales have carried out over $1.48 billion worth of transactions. This is in stark contrast to last week\u2019s figures coming in at an average of $600 million in daily transactions by these large holders. DOGE large transactions climb to $1.48 billion | Source: IntoTheBlock It means that there has been a more than 100% rise in daily large transaction volume for Dogecoin, suggesting that the whales are coming out to play. The spike also began around November 4 which is when the DOGE price had begun moving upward quickly. This could mean that these whales have been buying large quantities, leading to a drastic decrease in the available DOGE supply on the open market. The number of large transactions reached 1,320 on November 6, just 100 transactions shy of the asset\u2019s October highs. IntoTheBlock also shows a leaning toward bullishness with more addresses being bullish compared to those which are bearish. DOGE Volumes Are On The Rise Dogecoin whale transactions and volumes are not the only Dogecoin metrics that have been on the rise. The meme coin\u2019s daily trading volume has also exploded during this time as well, with a 64% increase in a 24-hour period. Daily trading volume rises | Source: CoinMarketCap This drastic rise has brought its daily trading volume above $870 million with the possibility of crossing $1 billion in the coming days. This exponential rise in daily trading volume indicates rising interest, especially with the spot buying and selling. Related Reading: Shiba Inu-Based BONE Eyes $1 As This On-Chain Metric Explodes During this time, the DOGE profitability has been rising quickly, bringing 53% of all holders back into profit. This has contributed to the bullish sentiment of the meme coin and could help to trigger more capital inflow into Dogecoin as investors try to take advantage of the price recovery. DOGE price loses footing at $0.075 | Source: DOGEUSD On Tradingview.com Featured image from StormGain, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":559544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[6664,14690,1785,89174,85675,89838,7,1803,1804,79599,79600],"class_list":["post-559533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-crypto","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-doge-price-performance","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\u2019s Far From Done<\/title>\n<meta name=\"description\" content=\"Dogecoin has emerged as one of the clear 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\u2019s Far From Done","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-0-075-3-month-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-0-075-3-month-high\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Dogecoin-.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Dogecoin-.jpeg?fit=1600%2C1120"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","doge","doge news","doge price","doge price performance","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2023-11-07T17:00:05Z","datePublished":"2023-11-07T17:00:05Z","dateModified":"2023-11-07T17:00:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\\u2019s Far From Done\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-0-075-3-month-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-0-075-3-month-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Dogecoin-.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Dogecoin-.jpeg?fit=1600%2C1120\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"doge price performance\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2023-11-07T17:00:05Z\",\"datePublished\":\"2023-11-07T17:00:05Z\",\"dateModified\":\"2023-11-07T17:00:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Dogecoin-.jpeg?fit=1600%2C1120","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559533"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=559533"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/559533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/559544"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=559533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=559533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=559533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}