On-chain activity and trading volumes at major exchanges have analysts convinced that DOGE is turning bullish again.
The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs. One of the biggest success stories of the year was been Dogecoin (DOGE), a simple ‘joke’ cryptocurrency that has morphed into a darling of the cryptocurrency sector. Interestingly, over the past month, the project is again gaining momentum and several data points suggest sentiment for the DOGE is becoming increasingly bullish. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low at $0.159 on July 20, the price of DOGE has rallied 120% to reach an intraday high at $0.35 on Aug. 16 as its 24-hour trading volume jumped by 63% to $8.6 billion. DOGE/USDT 4-hour cha
Źródło: https://cointelegraph.com/news/wen-dogecoin-moon-on-chain-data-and-trading-volumes-suggest-soon
