Dogecoin (DOGE), one of the most well-known meme cryptocurrencies, has seen a remarkable price increase recently. Rising 8% in a single day, DOGE now trades at $0.126 per coin, reaching its highest value since September.
This price surge is driven by increased trading activity around the meme coin. Data from CoinMarketCap and CoinGlass indicates that DOGE’s combined trading volume across spot and futures markets has hit $5.47 billion, underscoring strong market interest.
Currently, Dogecoin not only leads the meme cryptocurrency space but also competes fiercely within the broader crypto market, standing alongside giants like Bitcoin, Solana, Ethereum, and Sui. Its closest rival in the meme coin category, Pepe Coin (PEPE), trails by half a billion in total volume, highlighting DOGE’s dominant position.
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In the past 24 hours, Dogecoin has emerged as the top performer among the top 100 crypto assets, outperforming all its competitors. Even the next-best meme coin, BONK, and Bitcoin fall significantly behind, with DOGE maintaining a commanding lead.
Looking ahead, traders are eager to see if DOGE can continue its upward trajectory. Analysts are eyeing the $0.14 resistance level as the next major target. A successful break above this level could signal a bullish shift and pave the way for further gains for the meme coin leader.
Want to know what’s next for Dogecoin? Check out our latest DOGE price prediction.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/dogecoin-doge-price-surges-as-meme-coin-king-outshines-bitcoin/
