Favored by the richest man in the world, Elon Musk, the Dogecoin (DOGE) cryptocurrency has increased in value. In the past 24 hours, it has grown by 5.30%. In addition, it has entered the group of tokens most purchased by large investors (whales).
Dogecoin (DOGE) has a 5% increase
Thanks to the CEO of Tesla who gives him unconditional support on social networks, especially Twitter, Dogecoin (DOGE) has increased considerably in value. Within 24 hours of writing this content, its price increased by 5.30% according to data from CoinMarketCap. Currently, 1 DOGE is worth 0.1523 dollars.
DOGE’s growth in value isn’t the only good news for investors. It should also be noted that, according to a publication by WhaleStats, the digital financial asset has made a comeback in the family of the 10 most purchased tokens by the 1,000 largest whales who have wallets on Binance Smart Chain (BSC).
Between the months of December and January, the trading activity of Doge whales increased drastically. According to the media U.Today, on January 11, the whales made a total of one transfer of 407.4 million DOGE, including on their Robinhood app wallet.
Encouraging growth prospects
For analysts, if the bullish momentum in which the cryptocurrency finds itself continues, it could become one of the most important for investors. Especially since the growth prospects it presents abound, there is a chance that it will attract even more people.
On the other hand, we must not forget that, like other electronic currencies, Dogecoin (DOGE) is on the way to enter the world of GameFi. Indeed, many companies specializing in the design of video games combining gamers’ passion for games with decentralized finance have already announced that they plan to create games based on the digital financial asset.
Dogecoin (DOGE) is well on its way to becoming one of the most important cryptocurrencies in the financial landscape. Not only is it supported by the richest man in the world, Elon Musk, but it can also count on the support of several investors and companies that offer new technological solutions to improve the daily lives of thousands of people.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.