The cryptocurrency market is currently seeing major shifts in its price. The latest carnage did not spare any coin. The meme coin market was among the most affected. Dogecoin (DOGE) has been struggling throughout the month of February. The asset started the month at a high of $0.3407 but soon plummeted to a low of $0.1819. This represented a drop of 43%. While some were panicking about this decrease, whales were quickly accumulating the meme coin. Can the whales add momentum to DOGE’s price?
Also Read: Bitcoin Crash Is a Gift
How Did Dogecoin Fare Over the Past Day?
At the time of writing, Dogecoin was trading at $0.1867. The asset recorded a massive drop of nearly 11% over the past 24 hours. Earlier today, DOGE was priced at a high of $0.2112 before dropping to its current low. The past week has been challenging for the meme coin as it decreased by 27% during this period.
Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff Threat
It looks like whales in the DOGE market were extremely confident about the meme coin. According to a new tweet from Ali Martinez, a prominent cryptocurrency analyst, DOGE whales were accumulating the dip. These large investors were reportedly pocketing over 530 million DOGE over the past 72 hours.
Also Read: US Economy: Trump’s Tariff Spree Is Set To Create More Mayhem: Here’s How
Can The Meme Coin Hit $0.50 In March 2025?
According to data from CoinCodex, in comparison to current rates, analysts predict that DOGE’s price will increase by 162.69% in March. The asset may average about $0.4911413, with a high of $0.793693 and a low of $0.185209. This forecast follows a bad 30-day market performance, which saw a loss of -43.06%, suggesting a potential trend reversal.
It looks like March is going to bring major gains for the meme coin. The asset is all set to move beyond the $0.50 mark and hit a high of $0.7936.
Also Read: GTA 6 Update: ‘Developer’ Confirms 2025 Release and Leaked Map Insights
Credit: Source link
