Dogecoin supercycle and mega rally could begin as DOGE on-chain metrics show major strength. As the DOGE price trades around $0.2250, market analysts remain optimistic about its long-term trajectory. Notably, crypto analyst ‘Trader Tardigrade’ has drawn parallels between the current chart patterns and the 2014-2018 cycle, suggesting the potential for a parabolic rally to $18. Dogecoin On-Chain Metrics and Whale Activity Popular crypto analyst Ali Martínez reported how Dogecoin is witnessing a surge in key on-chain metrics, including DOGE active addresses, transaction volumes, and whale activity. Thus, the memecoin is gaining strong ground on multiple fronts at this stage, which could set the foundation for a DOGE rally ahead. Source: Ali Martinez On the other hand, there’s heavy whale buying for the memecoin over the past month. In a notable trend, Dogecoin (DOGE) whales have amassed over 1 billion DOGE tokens in the past month, signaling heightened interest and activity… Read More at Coingape.com

The post Dogecoin Supercycle To Start Soon With Strong DOGE On-Chain Metrics appeared first on CoinGape.

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