DOGE, which has recently become the most talked-about cryptocurrency, continues its rise. DOGE, which has a market value of $85 billion, is currently pushing its resistance of 68 cents.
DogeCoin, which started as a joke and turned into a frenzy today, is unstoppable. The cryptocurrency, which does not listen to analysis, attracts a huge volume of transactions. Even BTC has become unable to produce as much volume as DOGE.
DOGE, which has risen wildly, especially with the manipulation of Elon Musk, has become a reflection of what we know as Wall Street Bets. In other words, this movement, which opposes the classical investment scheme and the analysis system, has made an effort to make the voices of the oppressed heard.
DOGE has been on an uptrend for a long time. On May 8, after Elon Musk announced that he would make some statements, a $1 campaign began on social media. The constant entry of new investors into the market and easy gassing resulted in today’s result.
DOGE, which has already reached a historical record of 69 cents, is at 66 cents and is trying to push the record again. The total value of the money reached $85 billion, while the daily transaction volume exceeded $50 billion. It rose to fourth place in terms of market value.
It is not that there are reactions to DOGE, which almost absorbs the volume of the market. The fact that projects such as DOT, EOS, and SOL are in the background and doge, which is referred to as empty, attracts attention, angers investors.