Price Analysis

Is Dogecoin Price Arming For A May Like Price Rally?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Nov 26, 2021

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Meme coins from the crypto town have come a long way from being a fun coin to a priority coin. The coins have raised the bars to a greater level. Such that the meme-based coins are now a part of the portfolios  that even veterans from the market hold. DogeCoin and Shiba Inu are now a synonym to the meme coin industry, which have paved path for more coins to join the league. 

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DogeCoin is back to limelight, as enthusiasts on public platforms talk about the digital asset. The dog-based coin now ranks under the top 10 most actively used smart contracts on the Ethereum chain. Meanwhile, the digital asset sees an increase in whale’s grabbing the dips.

DOGE Is Still The Leader Of The Pack!

Dogecoin holds its position of the top meme coin by market cap firmly. Despite its rival Shiba Inu’s repetitive attempts to claim the throne. The space has witnessed Dogecoin rising from the shadows to wrestle against SHIB’s legendary rally. The popularity of Dogecoin remains undetered inspite of its major crash back in mid-year. 

According to smart contracts activity Dogecoin has made its way to the top 10 most actively used smart contracts on the Ethereum blockchain. Consecutively, the meme coin ranks the 7th positon among the most interacted smartcontracts by the top 1000 BSC wallets. 

According to some sources, DOGE is the only meme coin other than SHIB to be listed on South Korea’s exchange platform Korbit. Where Shiba Inu has been listed recently. DOGE is South Korea’s fifth most traded crypto by trade volume. 

DOGE Pawstep On The Price Charts!

 The meme coin at press time is trading at $0.23878 while scripting a dip of 8.4%. The market cap of the digital coin is floating at $26,955,477,646. While the trade volumes for around the clock are at $2,270,323,253

The meme coin is currently traing along the price frequency from $0.193981 to $0.226861 for the past 24-hours. Dogecoin price has mooned from its last year’s price tag of $0.0037 to its press time valuation, which has been remarkable.

Collectively, the recent market corrections have given rise to an increase in whale purchases. Veterans from the crypto town have been seizing the opportunity. Prior to the altseason which is anticipated to be massive by enthusiasts from the industry. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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