Dogecoin’s market dominance hits 1% – Thank you whales, but what’s next?

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Dogecoin appears to be following in Bitcoin’s footsteps as far as its latest performance is concerned. This means that DOGE will...

appears to be following in Bitcoin’s footsteps as far as its latest performance is concerned. Both have delivered an impressive rally since mid-October, confirming that DOGE is still the king of the memecoins.

For perspective, Dogecoin peaked at $0.179 on Tuesday. The last time that its price was at this level was in April earlier this year. It soared by 74% from its lowest point in October to its highest point so far and by 62% to its $0.168 press time price level.Is DOGE due for a cooldown? Well, the memecoin recently flashed multiple signals which may suggest that some profit-taking will occur in the coming days.

 

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