Global #Dogecoin

Despite being viewed as a cryptocurrency with strong potential this market cycle, Dogecoin (DOGE) has recently experienced a notable decline in value. Currently priced at $0.10, DOGE has seen a 2.50% drop over the past 24 hours.

As we enter the final quarter of 2024, the crypto landscape is poised for significant developments. This year, Q4 is particularly noteworthy as we inch closer to a potential breakout that could signal a major shift in market dynamics.

As Ethereum approaches the psychological $2,500 mark, traders are keenly observing its potential to break through this significant resistance level. While the cryptocurrency has shown some upward movement recently, questions linger regarding its momentum, particularly in light of relatively low trading volumes.

Dogecoin price has extended its gains on Monday after a successful retest of its support level last week. This upward movement is bolstered by a significant increase in the cryptocurrency’s daily active addresses, reaching its highest point since early April.

Since Wednesday, crypto whales have made headlines by purchasing approximately 1 billion Dogecoin (DOGE), signaling a potential lifeline for the meme coin amid a historically bullish October.

Mark Cuban, the billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, has recently shifted his perspective on meme coins, emphasizing the paradox of their appeal amid high volatility.