Dogecoin

2024

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Gains

<p>In recent discussions about Dogecoin, two prominent figures have highlighted significant metrics suggesting a potential rally for the meme coin.</p>
<p>Ali, known by the handle @ali_charts, reported that the Dogecoin network is witnessing substantial growth. He noted a remarkable 72% increase in new $DOGE addresses over the past week, with 19,630 new addresses created just yesterday. This surge indicates heightened interest and activity within the Dogecoin community.</p>
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> network is experiencing significant growth! Over the past week, there's been a 72% increase in new <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> addresses, and just yesterday alone, 19,630 new <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a> addresses were created! <a href="https://t.co/5Tj8ZvcxUu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/5Tj8ZvcxUu</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1841094628281381190?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/notcoin-not-price-could-see-a-12-50-rally-expert-cites-key-breakout/" target="_blank" rel="noopener noreferrer nofollow">Notcoin (NOT) Price Could See a 12.50% Rally, Expert Cites Key Breakout</a></em></strong></p>
<h2 class="wp-block-heading" id="dogecoin-market-cycles">Dogecoin Market Cycles</h2>
<p>Meanwhile, <a href="https://x.com/ali_charts/status/1841094628281381190?t=XWTCE72IdwH1HjO7HKlS5Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Ðima James Potts</a>, tweeting as @DimaPotts36, provided a detailed <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">analysis of Dogecoin’s market cycles. </a></p>
<p>He expressed optimism about the coin’s trajectory, pointing out that historical patterns show that when Dogecoin breaks above a certain threshold (the white line in his chart) and maintains that position for a week, a significant parabolic surge typically follows. This breakout occurred last Sunday, suggesting that a bullish trend could commence shortly.</p>
<p>Potts emphasized the potential for substantial gains, comparing previous cycles. He noted that Cycle 1 recorded a staggering +9,363% increase, while Cycle 2 saw an even more impressive +29,626% gain. For the upcoming Cycle 3, he anticipates even greater increases, driven by several factors:</p>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/helium-hnt-price-primed-for-breakout-could-230-be-next/" target="_blank" rel="noopener noreferrer nofollow">Helium (HNT) Price Primed for Breakout – Could $230 Be Next?</a></em></strong></p>
<p><strong>Increased Adoption:</strong> Dogecoin’s growing acceptance for transactions could enhance demand.<br>Price Affordability: Its lower price point relative to other leading cryptocurrencies may attract more investors.</p>
<p><strong>Technological Upgrades:</strong> Improvements in transaction speed and security could boost Dogecoin’s utility.<br>Potts urged investors to prepare for potential volatility, as significant dips have historically preceded even larger surges.</p>
<p>With these developments, he believes Dogecoin is well-positioned for a cycle that could eclipses the gains of its predecessors.</p>
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<p>The post <a href="https://captainaltcoin.com/rising-dogecoin-doge-metrics-hints-at-upcoming-surge-gains-could-surpass-previous-rallies/" rel="noopener noreferrer nofollow">Rising Dogecoin (DOGE) Metrics Hints at Upcoming Surge; Gains Could Surpass Previous Rallies</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Rising Dogecoin (DOGE) Metrics Hints at Upcoming Surge; Gains Could Surpass Previous Rallies

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