O preço Dogecoin mostra fortes sinais de tron
Os analistas de criptografia estão avaliando as condições atuais do mercado. Segundo o analista Ali Martinez, o indicador TD Sequential indicou sinal de compra. Ele acha que o recente mercado em baixa pode ter atingido o fundo do poço, portanto, é um bom momento para os investidores operarem comprados. Os novos participantes normalmente aumentam a procura, o que pode levar a aumentos de preços. Sinal de compra: #Dogecoin pic.twitter.com/o8boPPXpov
Institutional interest and on-chain activity
On-chain metrics also point to increased engagement from whale investors in Dogecoin. Recently, 700 million DOGE was transferred from two wallets whose owners are unknown to this day, equal to $78.68 million. Although such movements may indicate a change in market direction, it is still uncertain whether this transaction is part of a larger strategy.
🚨 🚨 🚨 🚨 700,000,000 #DOGE (78,682,399 USD) transferred from unknown wallet to unknown wallethttps://t.co/SZp4TwLiBX
— Whale Alert (@whale_alert) October 14, 2024
At the same time, Dogecoin has continued to attract attention from institutional investors. Since DOGE is a proof-of-work (PoW) coin, it provides a new option for institutional investors interested in expanding their mining operations. At the moment, the Dogecoin network has a hash rate of over 1.3 PH/s, and a mining difficulty of more than 18.9 M. This network strength makes Dogecoin a good candidate for holding in the long-term in the overall altcoin market.
Community grows and active addresses increase
One major reason why Dogecoin is still popular today is the support it receives from celebrities, particularly Elon Musk. The tech billionaire has been an advocate of Dogecoin and has suggested that he may accept the digital currency as a form of payment in his firms; Tesla and X. Musk’s continued backing has also helped to solidify DOGE as a payment method within the cryptocurrency space.
The Dogecoin community has also expanded to over 7.4 million people who hold the currency. The daily active addresses, as per the Santiment data, have reached about 133,880, which is the highest in eight months. This rise in network activity implies that there is more interest among investors as more investors interact with DOGE, leading to higher liquidity and price stability.
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