Wall Street's "Secret Weapon"?

Wall Street insiders are eyeing a newly listed NYSE-A IPO that is taking on a $63B opportunity. Primed to reduce Brazil's dependence on foreign potash, this stock is poised for gains.

Dogecoin's Whopping 60.9B Movement In 24 Hours: A Bullish Sign?

Bibhu Pattnaik
December 08, 2024

A whopping 60.9 billion Dogecoin (CRYPTO: DOGE) has been transacted in the past 24 hours, hinting at a possible bullish trend for the meme cryptocurrency.

What Happened: Data from IntoTheBlock reveals that the large transaction volume of Dogecoin has surged by 40.1% in the last 24 hours, totaling $23 billion or 60.9 billion DOGE.

Large transactions, which are those exceeding $100,000, are usually a sign of intense buying or selling pressure. This surge aligns with a significant increase in DOGE’s price. This sudden spike in transaction volume may be indicative of rising investor confidence.

At the time of writing, DOGE is valued at $0.4614, marking a 2% increase in the last 24 hours. This rise has propelled weekly and monthly gains to 5.66% and 137.8% respectively, hinting that Dogecoin might be on the brink of a price surge.

Also Read: Dogecoin Whales Move $214.5M In A Single Day, Sparking Speculation

The surge in volume could lure short-term traders to wager on Dogecoin, possibly leading to an additional increase in market activity and averting a steep sell-off.

Last week the meme coin witnessed a substantial increase in trading volume, indicating a potential major price upswing.

Dogecoin's trading volume soared by 76.71%. This surge in momentum was supported by considerable whale activity, including a recent transfer of $120 million DOGE to an unidentified wallet.

Why It Matters: Historically, Dogecoin has demonstrated robust performance in December. For instance, DOGE posted a remarkable 337.5% gain in December 2017 and a more moderate rally of 32.4% in 2020.

Last year, DOGE’s price grew moderately by 7.01%. This trend positions DOGE as a cryptocurrency to keep an eye on this holiday season.

Read Next

Dogecoin’s Active Users On The Rise, Will This Impact DOGE Price?

Image: Shutterstock

Continue Reading...

Popular

LIV Golf finally gets network TV partner in deal with Fox Sports

LIV Golf finally has a network TV partner as the Saudi-funded league enters its fourth season, announcing a multi-year deal with Fox Sports to broadcast all three rounds across its channels and streaming app.

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Bloomberg reports that Meta will lay off 5% of staff

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

Justin Trudeau launches Canada-US council as Trump's tariff threats loom

OTTAWA, Ontario (AP) — Outgoing Canadian Prime Minister Justin Trudeau announced Thursday the formation of a Canada-U.S. relations council to support the federal government as it deals with incoming U.S. President Donald Trump’s threat to impose .

Why the Market Is Betting Big on This iGaming Stock - Ad

A 20% retention rate, insider confidence, and a recent launch in the $12B Latin American market are driving momentum. With market catalysts set to unfold, the time to act is now--Find out why investors are excited here.

Dogecoin Surges 21% In 7 Days: Why Is DOGE Going Up?

Dogecoin's (CRYPTO: DOGE) is up 5% on Thursday and 21% over the past seven days as increased market enthusiasm has analysts speculating about whether the “king of memes” can kickstart another rally.

Stocks Pause, Chipmakers Rise, Gold Hits 2-Month Highs: What's Driving Markets Thursday?

Wall Street paused for a breather on Thursday, following Wednesday's big rally sparked by a softer-than-predicted December inflation report that fueled speculation on the Federal Reserve delivering interest rate cut

Shutting Down at 11:59 PM EST - Ad

We're in the midst of an explosive bull market, with gold prices now higher than at any other point in history. Just days from now -- on Jan. 28 -- we expect a major financial event to push gold toward $3,000 ... and then much higher from there. It's why timing is so critical.

Italy, Albania and UAE ink clean energy cooperation deal

ROME (AP) — Italy, Albania and the United Arab Emirates signed a three-way clean energy cooperation deal Wednesday that calls for the Gulf country’s expertise to be put to use in Albania to produce solar, wind and other renewable energy, some of which would then be transferred to Italy via an underwater cable.

Stock market today: Asian stocks mixed ahead of US inflation data

HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve.

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. Many predict 2025 will be an even bigger year--hitting $200,000 or higher. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto in 2025.

CBRE Is This Analyst's Top Pick Betting On Commercial Real Estate Recovery, Upgrades Stock

Morgan Stanley upgrades CBRE to Overweight, raises price target to $160, citing strong growth prospects and a 29% total return potential in 2025.

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks -- Here's How To Use The New Feature

OpenAI's introduction of the "Tasks" feature for ChatGPT positions it as a strong competitor to virtual assistants like Alexa, Siri, and Google Assistant by enabling users to schedule and manage tasks with natural language prompts.

US Semiconductor Sanctions Spell Trouble for Nvidia, But May Benefit Big Tech

Nvidia's customers include Microsoft, Amazon, Google, and Meta Platforms. Their orders worth $10 billion were postponed due to overheating issues.

Elon Musk's Final Move - Ad

Elon Musk is DONE. He's finished. Because his latest project may be the last one he'll ever take on. I'm talking about his new, secretive AI startup. Elon's AI promises to be 100 times better than ChatGPT. That's why you need to get all the urgent details on what I call "Elon's #1 AI stock."

153 winners of Nobel and World Food prizes seek new ways to grow food to meet surging global need

DES MOINES, Iowa (AP) — More than 150 recipients of the Nobel and World Food prizes released an Tuesday calling for a dramatic increase in research and a commitment to new food distribution efforts with a goal of producing more crops and avoiding a in coming decades.

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

What's In Store For Comcast In Q4?

Goldman Sachs analyst forecasts in-line Q4 results for Comcast, with minimal growth in 2025, but anticipates improved investor sentiment in 2025 and beyond.

What's Going On With American Express Shares Wednesday?

American Express shares are moving higher on Wednesday amid strong earnings from several major banks.

The $124B Smart Glass Disruptor - Ad

This Nasdaq-listed company is redefining the $124 billion smart glass market. From aircraft cabin shading systems to dimmable rooftops in vehicles to energy-efficient building glass, their technology supports global leaders like Boeing, Ferrari, and National Geographic. Their $38.3 million order backlog and several new multi-million dollar deals across four major sectors positions them as a market disruptor you can't ignore.

Collect Passive AI Income Every 90 Days - Ad

Tech giants like Amazon, Google, and OpenAI are paying BILLIONS to access this critical AI tech.

Britain's leader unveils AI strategy, including vow to rip up red tape hindering AI projects

LONDON (AP) — The British government pledged on Monday to rip up the red tape hindering construction of data centers that underpin artificial intelligence while promoting its “pro-innovation” approach to regulating the technology.

AI-Powered Cameras + Smart Glass = A Potential Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves in two massive markets: AI-powered Advanced Driver Assistance Systems (ADAS) and smart glass technology and this company is poised for substantial growth in the two multi-billion-dollar markets.

How Biden's domestic policy record stacks up against public perception

WASHINGTON (AP) — President ends his term with a gulf between his policy record and his public reputation.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

UK minister quits while facing questions over links to ousted Bangladeshi leader Sheikh Hasina

LONDON (AP) — Britain’s anti-corruption minister resigned on Tuesday amid a controversy over links to her aunt, ousted Bangladeshi Prime Minister .

98 Opportunities for 1,000% Gains (And More) - Ad

During the most recent gold bull market, our team tracked down 98 separate opportunities for investors to make 10x their money or more. In fact, there are seven specific gold plays that we believe should be on every investor's radar right now.

Biden administration cancels loans for 260,000 former Ashford University students

WASHINGTON (AP) — More than 260,000 former students of the now-defunct for-profit Ashford University are getting their erased as the Biden administration presses ahead with in its final days.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service