Over the last 24 hours, Dogecoin (DOGE) has been on a wild ride, proving to be one of the best performers in the crypto market. This motion is here to stay, as there has been a massive swell in addresses turning profits.<\/p>\n
Although a forecast by CoinCodex<\/a> suggests DOGE may see a dip of roughly 14% by the end of September, that has done nothing to dull investor enthusiasm. This, in fact, for many tells yet another twist in Dogecoin\u2019s rather unpredictable journey.<\/p>\n At the time of writing, DOGE was trading at $0.1083, down 3.6% in the last 24 hours, but sustained a 9% rally<\/a> in the last week, data from Coingecko shows.<\/p>\n In its entirety, this latest price rally has seen 73% of Dogecoin addresses turn \u201cin-the-money.\u201d That amounts to 4.72 million addresses currently realizing gains.<\/p>\n On the opposite side, there are 1.61 million addresses, which accounts for 25.04%, which is still in the red. There\u2019s also a small percentage\u11731.34%\u1173that are breaking even.<\/p>\n But here\u2019s the really interesting part: many analysts argue that just in case DOGE conquers the resistance at $0.139, the number of profitable addresses will surge to 80%. That is significant because it would trigger confidence among investors, leading to more buy-ins and, arguably, higher prices.<\/p>\n With talks of a potential price drop at play, whales\u1173the big players in the Dogecoin market\u1173are not too far away to get bothered.<\/p>\nMore Addresses Turn Profitable<\/strong><\/h2>\n
Whales Aren\u2019t Worried<\/strong><\/h2>\n