Crypto traders and investors have been trying to predict how the future of the dog-themed memecoin would be like this year, after Dogecoin (DOGE) Präis hit a rough patch in the preceding few months. In spite of the catastrophic market slump in 2022, the cryptocurrency has held up far better than most of the leading assets on the Krypto Maart. Dogecoin has now begun to attract the interest of large crypto whales, which has resulted in a price increase of more than 10% over the course of the last twenty-four hours.
Dogecoin’s Massive Whale Interest
Laut der Donnéeën published by the crypto analytical portal WhaleStats, Dogecoin is one of the top 10 tokens that whales on Binance Smart Chain (BSC) have accumulated in the past 24 hours. The platform further tweeted that XRP, Filecoin (FIL), and Terra (Luna) were also among the few cryptocurrencies that made it to the list.
Weiderliesen: Top 10 DeFi Kredittplattformen Am Joer 2023
This has propelled the altcoin trading volume to zoom past 300% in a day with the Maart Kapitaliséierung betrëfft also rising by 8% to $10.3 billion. Currently, DOGE ranks 9th and is the market leader for the memecoin sector.
JUST IN: $ DOGE @dogecoin elo op erop 10 kaaft Stongen ënnert 500 gréissten # BSC Walen an de leschten 24 Stonnen 🐳
Mir hunn och $ XRP, $ FIL & $ LUNA op der Lëscht 👀
Whale Leaderboard: https://t.co/f4ZJg8SIWe#DOGE #walstatistiken #Babywhale #BBW pic.twitter.com/YCXBeGTRiN
- WhaleStats - déi Top 1000 BSC Richtlëscht (@WhaleStatsBSC) Januar 9, 2023
Dogecoin (DOGE) Price Surge
Even during the first and second weeks of December 2022, the most popular token purchased by BSC whales was still the community favorite Dogecoin. This Wale Akkumulation trend continued throughout the entirety of the month. According to the data from the first week of December, the 100 hundred largest investors on BSC held a combined total of 97 million Dogecoins in their wallets. In a similar fashion, the BSC whales had a collection of more than 80 million DOGE tokens with a value of $7.3 million during the second week of December.
It’s interesting to note that during the week leading up to Christmas in 2022, the memecoin climbed to the position of being the most traded digital asset among the top 100 BNB holders. It’s speculated that Christmas greetings from Twitter CEO Elon Musk were the cause of the unexpected increase in the trading volume, which resulted in a total of 347,240 tokens being traded at a price of $268,000.
As things stand, the Dogecoin (DOGE) price is currently being traded at $0.07751. This represents an increase of 9.6% on the day, in contrast to a gain of 7.8% during the last week as per CoinGape’s crypto market tracker.
Och liesen: Bal $ 12 Milliarde verschwënnt aus Binance Verméigen; Wat geet vir sech?
Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.
Source: https://coingape.com/dogecoin-doge-price-to-rally-10-suddenly/