Because the main price performance of memecoin is far from attracting public attention, the large-scale detailed address theme activities on Dogecoin have been at the lowest standard for several months. However, the recent price rise is an important data signal, which shows something other than the improvement of operating capacity.
Memecoins is one of the most volatile asset classes in the cryptocurrency market. During the bull market period, they focused on their own mobility, adding thousands of profits for lucky investors. However, during the period of declining development trend, they certainly will not move - most of them follow the performance of assets such as Ether.
The lack of awareness of assets will pull the traders away, because it is meaningless to get an open bitcoin risk based on Dogecoin, especially if the last uncertainty is relatively small.
However, linking with the market may attract new funds to memecoin. The improvement of dolphin theme activities has verified this argument. With the gradual transfer of funds by dolphins, DOGE has won more attraction in the market, and investors are likely to gradually become memecoin over time.
Fortunately, Pontiac rose again the next day after the product price rose significantly. At this stage, the asset is integrated at the local friction resistance level shown by the 200 day moving average system. It is undoubtedly the first time in the past 200 days to try to get rid of the downward trend.
The bull market must give the maximum trading volume at this precise moment. Because DOGE is being seriously lowered by the selling pressure near the above pressure level.
As of the time of submission, the transaction price of Dogecoin was US $0.007, up 7.2% in the past 24 hours.