Dogecoin (DOGE) Price Skyrockets 10% in hours
The price of Dogecoin (DOGE) increased by 10% due to the anticipation that Twitter CEO Elon Musk may integrate DOGE.
Dogecoin's (DOGE) price increased by more than 10% on Tuesday, following a nearly 15% pump and dump in the previous two days. Whales and market movers continue to buy DOGE in large quantities, given the potential of payment support on Twitter and the purchase of DOGE by MicroStrategy's Michael Saylor.
Dogecoin's price increased by more than 10% due to whale accumulation
Dogecoin had two big rallies, with the price rising by more than 17% in the last 48 hours. On Sunday, the DOGE price unexpectedly increased by more than 10%, rising from R1.53 to R1.68. However, the price dropped once more to R1.60, marking a support level.
On Tuesday, the price of Dogecoin increased by more than 10%, from R1.58 to R1.77. Surprisingly, the pump was met with little trade volume. According to Lookonchain statistics, whales, or market movers, are amassing DOGE in anticipation of a bullish surge.
A top whale transferred 300 million DOGE from Robinhood's wallet, totaling about R510 million.
DQA5h47M4NdTt2mKDj4nP2VNZWczZi42RY at 23:49:11 UTC on November 28. DHQsfy66JsY, the whale's wallet Dogecoin Whale Alert recorded multiple whales moving DOGE in the millions as a result of the transaction. As a result, the price of DOGE increased by more than 10%.
Elon Musk recently teased Twitter 2.0 intentions, indicating the inclusion of payments to Twitter. Crypto Twitter predicted that Musk might add its favorite cryptocurrency, Dogecoin, producing a 7-day upward trend. Furthermore, the crypto community is now wondering if MicroStrategy's Michael Saylor will buy DOGE after recently talking with Elon Musk on Twitter.
DOGE Price Is Waiting for Massive Momentum
Dogecoin is presently trading at R1.74, up 10% in the past 24 hours and 40% in the last week. Dogecoin's 24-hour low and high are R1.57 and R1.77, respectively.
Dogecoin Whale Alert has reported another huge transaction involving 200 million DOGE, valued at around R340 million. Investors should resist getting in because previous pumps and dumps have heightened volatility.
