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Dogecoin Futures Surge as Whales Bet on One Dollar Target by 2025

Dogecoin is experiencing a surge in whale activity, often a precursor to price momentum, as it climbs above its 50-day simple moving average. Analysts predict potential price targets of $0.40 to $0.50 in the coming weeks, with some experts forecasting a rise to $1 by 2025, driven by a market cap of $100 billion and endorsements from figures like Elon Musk. Currently, Dogecoin is valued at $0.3921.
TipRanks Financial
Galaxy Digital Holdings Ltd. USA Omkar Godbole Elon Musk Alex Thornton Show more
Finance & Economy, Market Report
11:50 07.01.2025

whale investors boost dogecoin as open interest reaches record levels

Dogecoin (DOGE) is experiencing a surge in interest from whale investors, with transactions over $100,000 increasing significantly and open interest in the futures market reaching a record high of 10.35 billion DOGE. Analysts predict that this momentum could push Dogecoin to $0.50 in the coming weeks, supported by strong buying pressure and historical trends showing January's average return of 85%. Additionally, the recent establishment of a government efficiency department by Elon Musk is contributing to the bullish sentiment surrounding the cryptocurrency.
Bloomingbit
Coinbase Global, Inc. Tesla, Inc. USA Omkar Godbole Elon Musk
Finance & Economy, Market Report
11:04 07.01.2025
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