Dogecoin (DOGE), the main cryptocurrency that leads in market capitalization among memecoins, is standing out in the face of its increasing rise, recording impressive highs in recent days.

Amid this recent growth, the number of Dogecoin millionaires has skyrocketed, according to a survey shared by analytics platform, IntoTheBlock, on March 6. According to data, the number of millionaires holding the meme cryptocurrency Dogecoin is skyrocketing in recent days.

The platform noted that the number of addresses holding more than $1 million in DOGE tokens has seen a 76% increase over the past 30 days. Currently, there are more than 1,000 Dogecoin millionaires, according to the survey.

The bullish rally in memecoins has reached impressive heights in recent days. Meme coins stood out in the bullish scenario with very significant growth. Dogecoin in particular has seen a price increase of an impressive 98.4% in the last 30 days.

At the time of publication, the price of Dogecoin was quoted at US$0.1551 with an increase of 3.5% in the last 24 hours. During this period, the meme cryptocurrency recorded a trading volume of US$3,249,528,314. DOGE price has increased by 18.5% in the last seven days alone.

Dogecoin will make ‘crazy numbers’, analyst predicts

A well-known trader has shared a rather bullish forecast for the meme cryptocurrency Dogecoin (DOGE), highlighting the potential for the memecoin to print considerable gains once the proper bull market begins. DOGE for moon?

Pseudonymous cryptocurrency expert Altcoin Sherpa shared a recent analysis in which he emphasized that the tenth-largest asset is still a great high-probability opportunity for investors to get multiple multiples of their capital.

“It’s not a very creative or fast trade, but $doge will eventually do crazy things this cycle. It won’t outperform other memes due to MC, but you will probably make 4x your money if you buy and sell at the giga bomb. Buy now and go into a coma and sell when this moon is,” she wrote.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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