Dogecoin has been on a slightly bullish pump during the past 24 hours. According to CoinGecko, the largest memecoin has gained by 10% within 24 hours to trade at $0.068 at the time of writing.
Dogecoin jumps 10% in 24 hours
Dogecoin seems to be under significant buying pressure, and the indicators show increased potential for an uptrend. The bullish gains have appeared within the past 24 hours, and if the Dogecoin community can maintain it, then notable gains could be seen in the coming weeks and months.
Dogecoin’s trading volumes during the past 24 hours have been high, which could explain the bullish price movement. The 24-hour trading volumes currently stand at $960 million, with its market cap hitting $8.7 billion, ranking it the tenth-largest cryptocurrency by this metric.
Dogecoin has been on a steep decline this year as the bears have erased most of the gains this memecoin has made. DOGE has dropped by 90% from an all-time high created in May last year. In 2021, Dogecoin...
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