.Dogecoin price slow, but revival now in the hands of market whales
to data from IntoTheBlock , the number of DOGE transactions surpassing $100,000 over the past 24 hours jumped by more than 152% to 1,250.This transaction growth is significant as it shows deep commitment to the meme coin even at a time when market sentiment has tilted into the bearish zone.at a price of $0.07086, down by 0.05% over the past 24 hours at a time when crypto assets are trying to wriggle out of their deep losses accrued all week long.
The growth in large whale transactions has a way of boosting sentiment on the network, by driving the scarcity of DOGE tokens. Should this massive accumulation continue, we may begin to see the much-needed turnaround in the price of the meme coin.Influence of Dogecoin contenders Drawing on the slow growth in the price of Dogecoin in the month-to-date period, we can infer that the coin is losing momentum as the favored fun token.
This is in part due to the fact that more low-cap meme coins with the potential to create massive growth in a short time are finding their way into the ecosystem.
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