[ad_1]
April 7, 2024 11:47 AM | 2 min learn |
Meme cryptocurrency Dogecoin (CRYPTO: DOGE) has been rallying strongly this weekend as sentiment towards cryptocurrencies improved. Together with it, Dogwifhat (CRYPTO: WIF) additionally moved solidly increased.
What Occurred: Doge, which ended Friday’s session at $0.177518, took off on Saturday and ended at $0.185951, a achieve of 4.75%. The upward momentum accelerated on Sunday, serving to the meme coin high the $0.20 mark for the primary time since April 2.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your e mail and you will additionally get Benzinga’s final morning replace AND a free $30 reward card and extra!
Finally verify, Doge traded up 11.37% at $0.202750, in keeping with Benzinga Pro data.
Crypto analyst Ali Martinez flagged on the finish of March that Dogecoin may very well be in for a powerful run, given the technical chart resembled the state of affairs that prevailed between 2018 and 2021.
New Bull Run?
Following the weekend run in Doge, crypto dealer Yomi mentioned in a put up on X on Saturday, “Remember people #Dogecoin is in a brand new bull market. Sit again chill out and benefit from the present.”
After peaking at $0.737567 on Might 8, 2021, Doge witnessed a downward transfer for a couple of yr and started consolidating across the $0.10 mark. It broke above the vary in late February and has been on a broader uptrend since then.
Beginner Dogwifhat On Tear: Solana (CRYPTO: SOL)-based, dog-themed meme coin Dogwifhat, which launched in November 2023, additionally rallied laborious over the weekend, matching Doge’s positive aspects. Finally verify, the crypto rose 9.52% to $3.6726.
Learn Subsequent: Top 10 Meme Coins to Look Out for in 2024
Picture: Shutterstock
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
[ad_2]
Source link
