CandleFocus Here’s How High Dogecoin Can Rise if DOGE Gets $50 Billion Daily Volume
2024-11-23
Author: Content Editor
The article discusses the relationship between trading volume and price movements in Dogecoin (DOGE). It notes that historical data has shown that each time DOGE experiences a price surge, there is a corresponding rise in trading volume. The article speculates on what could happen if DOGE achieves a daily volume of $50 billion. It suggests that if trading volume increases to that level, the price of DOGE could rise to approximately $1.23 per coin, resulting in a market cap of $212 billion. However, this would depend on factors such as increased demand and speculative momentum. The article highlights the role of volume in driving upward momentum and amplifying price movements in speculative assets like DOGE.
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