Dogecoin Continues To Lead Memecoin Market With $27B Market Capitalization


Dogecoin maintains its dominant position as the top cryptocurrency memecoin, boasting an impressive market capitalization exceeding $27 billion. Amidst this strong performance, Dogecoin is poised to potentially reach a new yearly high.

Over the past 30 days, Dogecoin has shown remarkable resilience, with its value increasing by over 10%. However, to sustain this positive momentum and reach new heights, Dogecoin must decisively surpass the $0.20 level. 

Dogecoin is looking for a new yearly high!$DOGE is currently up by more than 10% in the last 30 days. To continue this trend and move to new highs, Dogecoin needs to solidly break the $0.20 level, where 32k addresses hold 3.78B $DOGE at a loss.

— IntoTheBlock (@intotheblock) April 9, 2024

This level is crucial as it is where 32,000 addresses currently hold 3.78 billion Dogecoins at a loss, indicating potential resistance.

Anticipation Builds Up For X Payments Launch

The anticipation surrounding the launch of X Payments, expected by June, has further fueled enthusiasm within the Dogecoin community. 

X Payments is expected to launch by June.

We are almost half way through April, then we have only May.

In that time… there must be an announcement of some kind and, if it is what hope, #dogecoin could go through the roof.

The chart says it’s time … will the news follow?

— The Coach 𝕏Đ (@thedogecoach) April 9, 2024

Should the launch meet expectations, there is a widespread belief that Dogecoin’s value could skyrocket, propelling it to unprecedented levels.

In summary, Dogecoin’s continued dominance in the memecoin market, coupled with its ongoing upward trend and the anticipation surrounding the upcoming X Payments launch, paints a promising picture for the future of Dogecoin. 

As the community eagerly awaits further developments, all eyes are on Dogecoin as it aims for new highs in the cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: promesaartstudio/123RF // Image Effects by Colorcinch

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