Dogecoin

Victory

Strong

Shiba Inu

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-surges-after-trumps-election-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Surges After Trump’s Election Victory</a> 
Last week, Dogecoin (DOGE) emerged as one of the biggest gainers following Donald Trump’s election victory. The cryptocurrency experienced a remarkable 92% increase on the weekly chart, surpassing XRP and USDC in market capitalization, reaching $42.3 billion, and climbing to sixth place. Additionally, the daily trading volume surged by 220%, exceeding $16.8 billion.
<h2 style="text-align: justify" id="strong-is-dogecoin-preparing-for-a-major-rally-strong">Is Dogecoin Preparing for a Major Rally?</h2>
Crypto market experts indicate that a strong price surge for Dogecoin may be on the horizon. Analyst Ali Martinez highlighted that DOGE is on the verge of a significant upward movement. According to Martinez, the price of DOGE could peak between $3.95 and $23.26 based on Fibonacci levels.
Examining liquidation data, Coinglass reported over $64 million in liquidations for Dogecoin in the past 24 hours. This included $36 million in short position liquidations and $27.64 million in long position liquidations. Furthermore, open positions increased by 20%, reaching a total of $2.23 billion.
<h2 style="text-align: justify" id="strong-the-memecoin-sector-is-experiencing-a-strong-movement-strong">The Memecoin Sector is Experiencing a Strong Movement</h2>
Under Dogecoin’s leadership, the <a href="https://en.coin-turk.com/investors-snap-up-solana-meme-coins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> sector witnessed significant revival over the past week. <a href="https://en.coin-turk.com/shiba-inus-layer-2-scaling-solution-shibarium-beta-reaches-32-million-transactions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) jumped 20% in the last 24 hours, marking a 57% gain for the week.
Other notable memecoins include Pepe Coin (PEPE), Dogwifhat (WIF), and Bonk (BONK), which showed increases between 12% and 25% in the past 24 hours. Particularly, PEPE is making headlines with a targeted 200% rise.
Following Trump’s victory, the total <a href="https://en.coin-turk.com/neel-somani-faces-allegations-and-steps-down-as-ceo/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> value increased by $400 billion, attracting attention due to Dogecoin’s 92% rally. Bitcoin rose by 17.9%, Ethereum by 29%, and Solana by 27%, pushing the total market value to $2.75 trillion.
Recent surges indicate the overall strength of the cryptocurrency market. Bitcoin reaching new price levels has boosted analysts’ confidence in the $100,000 target.
The post <a href="https://en.coin-turk.com/dogecoin-surges-after-trumps-election-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Surges After Trump’s Election Victory</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Dogecoin Surges After Trump’s Election Victory

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