Doge Coin is on a Roll! A 200% Surge Is Just a Start！
Since the U.S. election on November 5th, Doge Coin’s price has surged from $0.151973 to a new high of $0.468243 at the end of November, marking an astonishing increase of 208.11%.
Although the current price is hovering around the $0.42 resistance level, the subsequent positive developments suggest Doge will continue to rise, with the 200% increase merely marking the start of a larger celebration.
- Ongoing Policy Support Propel DogeCoin price Higher
On December 1st, veteran left-wing politician and senior Democratic Senator Bernie Sanders made a rare shift to support Elon Musk, highly praising the defense budget cut plan proposed by the efficiency department (DOGE) under President-elect Donald Trump. Following the news, DogeCoin surged to a high of $0.4592.
On December 2nd, in the celebratory atmosphere of Donald Trump’s victory and supported by Tesla’s market trends, DogeCoin saw another wave of market capitalization growth. It broke past $61 billion and peaked at $64.7 billion, ranking as the 7th largest mainstream cryptocurrency, surpassing brands like Mercedes-Benz and Porsche for the first time in two years.
- Whale Moves Spark Bullish Waves for DogeCoin
On November 30th, Whale Alert reported that 1.1 billion DOGE, worth $445 million, was transferred between unknown wallets in three separate transactions. Such large-scale movements often indicate significant investor accumulation in the market, potentially signaling an upward trend.
On December 2nd, the largest $DOGE holder, theunipcs.eth (@doge_eth_gov), spent 121 $ETH ($449K) to purchase 1.58 million $DOGE. This accumulation strongly boosted market activity. The stochastic RSI signals showed mixed indicators at 32.17 (K-line) and 31.05 (D-line), suggesting potential upside.
IntoTheBlock data shows that over the past 30 days, DogeCoin transactions exceeding $1 million have increased by 164.07%, indicating growing interest from institutional investors or whales. Smaller transaction ranges of $10-$100 and $1,000-$10,000 also showed positive growth, reflecting the broad participation of retail traders in the DOGE ecosystem.
- Top Analysts Forecast DogeCoin Will Reach $10 Breakthrough
Renowned cryptocurrency analyst Dima James Potts recently predicted that DogeCoin will surpass $10 during this bull market cycle. In a recent tweet, James highlighted historical patterns observed on DogeCoin’s weekly chart.
Meanwhile, cryptocurrency analyst Gladiator also stated that DogeCoin’s current price trends resemble those of previous bull market cycles. Based on these patterns, it is predicted that DogeCoin’s price could range between $5 and $10 in the first quarter of next year.
Analysts at cryptocurrency trading platform Changelly expressed a similar viewpoint. While they estimate that DogeCoin’s price may not reach $10 until 2040, experts remain optimistic about DogeCoin’s long-term development regardless of the timeline.
More high-impact events related to DogeCoin are brewing and unfolding. The current consolidation phase may deter short-term players, but historical data from the past three years shows that the “Go to the moon” journey always has enthusiastic participants ready to join!