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$3.5 Billion in Dogecoin Transactions in 24 Hours: Is a DOGE Mega Rally Coming?

  • Dogecoin’s trading volume surged by over 33%, reaching $3.57 billion, indicating growing investor interest and a potential rally.
  • DOGE’s strong correlation with Bitcoin (0.91) suggests that as Bitcoin rises, Dogecoin may also experience substantial gains.
  • DOGE has secured some gains in recent months, but remains far below its all-time highs. However, recent metrics show a bullish trend on the horizon.
  • With rising trading volume and a strong correlation with Bitcoin, Dogecoin appears well-positioned for further price increases, supported by investor confidence and market enthusiasm.

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