Bitcoin Didn’t Attain $100K however Dogecoin Explodes by Double Digits to Nearly $0.5

All eyes within the crypto group had been on bitcoin final evening because the asset was anticipated to lastly hit the coveted milestone of $100,000. Though it got here simply $250 away on most exchanges, BTC failed to take action and has retraced by round a grand.

Nevertheless, Dogecoin has emerged to catch the eye now, with a large surge that drove it to round $0.48 earlier at the moment – a brand new 3.5-year peak.

The biggest meme coin flirted with $0.4 for a few days straight however was in the end saved beneath it by the bears. Nevertheless, it exploded above it yesterday to $0.42 initially after which shot as much as $0.48 for the primary time for the reason that bull market in H1 of 2021.

Dogecoin is among the many most notable gainers since Trump gained the US elections, maybe because of Musk’s affiliation with each the meme coin and the president-elect. DOGE has soared by greater than 200% up to now month and crypto analysts are actually inserting spectacular and maybe far-fetched targets for the asset throughout this bull cycle.

$doge about to interrupt out of final log scale fib earlier than all time excessive and past. $4-10 to shut out the cycle could be epic. We’d like absolute irrational quantity targets to be hit to be able to cement its place in crypto for subsequent season. pic.twitter.com/KJqPvNyD1E

— Cephii (@Cephii1) November 22, 2024

DOGE can also be the best-performing meme coin up to now 24 hours. The one different one properly within the inexperienced is SHIB, which is up by over 7%.

Nevertheless, PEPE, BONK, WIF, FLOKI, BRETT, POPCAT, and even the latest sensation PNUT are with losses of as much as 7%.

Furthermore, DOGE’s rally has led to almost $40 million briefly liquidations over the previous 24 hours for Dogecoin bears, in response to CoinGlass.