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Dogecoin’s potential for a new all-time high by the end of August has traders speculating, based on historical patterns observed on the Dogecoin chart. It is noted that historically, it took an average of 1,200 days for Dogecoin to reach a new all-time high after peaking, suggesting a potential upcoming surge.
Market Analysis
Another analysis anticipates a rally in the next 90 days. There is also speculation about the possibility of a Dogecoin ETF in the near future, which could attract similar attention to Bitcoin ETFs.
Notably, large transaction volume has increased by 21.2%, with transactions greater than $100,000 also on the rise. Furthermore, exchange netflows spiked by 799.2%.
Investor Trends
It is reported that 75% of Dogecoin holders are currently in profit, with 67% having accumulated the coin for more than a year.
- Increased transaction volume by 21.2%
- Rising transactions over $100,000
- Exchange netflows spiked by 799.2%
These developments are expected to be explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
📎 Read the original article on benzinga.com
