🐳Accounts holding between 1 million and 10 million DOGE 🐳
After the Dogecoin price surpassed $0.20, trading volumes increased, and investors are expecting it to reach $0.60 in the long run.
🐶Currently, with the rise in Dogecoin prices, trading volumes have also noticeably increased.
According to CoinMarketCap data, Dogecoin's trading volume reached up to 4.42 billion (equivalent to $766 million) with a 15% increase in May.
This pullback is also related to underlying capital accumulation.
On May 1, renowned analyst Ali Martinez stated that
🐳Accounts holding between 1 million and 10 million DOGE purchased 100 million DOGE within a week.
Previously, such accumulations were often precursors to significant price fluctuations,
🍀Current forecasts suggest it could rise as high as $0.60.
🐶Technical analyses of DOGE indicate that the price may continue to rise.
Ali Martinez indicated that Dogecoin's price sharply fell from the support line in October 2024.
According to his analysis, if the price drops to $0.14, it presents a good buying opportunity, and it could rebound to $0.30 later.
Due to this momentum,
According to Coinglass data, over 75% of Binance's top traders (more experienced than retail investors) have long-term investments in DOGE.
Conclusion
Currently, Dogecoin's fluctuations have a good chance of reaching $0.60, and while it's a very risky investment, there are positive long-term prospects.
Remittix is also becoming popular like similar viral viruses, aiming to transform the global remittance system by combining crypto and fiat currencies.
Currently at $0.0757 in presale, Remittix offers functionalities that can transform the cross-border payment market.
Credit to Cryptopolitan