Will Dogecoin (DOGE) Experience a Surge in 2023? Emerging Crypto Rival Challenges Its Growth Trajectory
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Dogecoin (DOGE) whales are moving a substantial amount of tokens, and nobody knows why. Notably, huge whale movements have been noticed, which raises questions about the future of Dogecoin’s price. Meanwhile, a new emerging coin has shown its potential to disrupt market dynamics with 150% price growth projections.
But the question is, will this new meme coin overtake DOGE, and is it the best crypto to buy now?
On November 16, 2023, Whale Alert, a service monitoring large cryptocurrency transactions via X (formerly Twitter), brought attention to a significant movement of DOGE tokens. The report highlighted a Dogecoin whale transferring over 103 million DOGE from the popular trading platform Robinhood.
Notably, November has proven to be an eventful month for Dogecoin, marked by various significant transactions. Whale Alert reported another noteworthy transfer on November 15, involving a movement of 690 million DOGE – equivalent to about $50.3 million – between unknown wallets.
The market response to these massive whale movements was evident in the price of Dogecoin. On November 16, the token was valued at $0.08284, but following the whale movements, the price experienced a dip of 5.8%, reaching $0.07798 on November 19. So, is DOGE the best crypto to invest in now?
Per Dogecoin price prediction, experts offer contrasting forecasts for Dogecoin’s price. Some anticipate a surge of 12.5%, projecting a value of $0.0878. This optimism is fueled by speculation regarding an upcoming market rally and a favorable regulatory environment.
However, more conservative forecasts suggest that DOGE’s price could remain around $0.0807 if
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