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Sujit Kumar
Dec 12, 2024
by Sujit Kumar

Dogecoin and XRP Flash Bullish Signs with Key Metric Shift

XRP Flash Bullish

Table of contents

  1. What’s Next for DOGE and XRP?
The Mean Dollar Invested Age (MDIA), an on-chain metric tracking the average age of dollars invested in cryptocurrencies, is showing notable shifts for Dogecoin (DOGE) and XRP. This indicator provides insights into market activity by analyzing when each dollar last moved on the blockchain, adjusted to the token's value at that time.

Significant Declines Signal Fresh Market Activity

According to Santiment, the MDIA has dropped significantly for Bitcoin (BTC), XRP, and Dogecoin, suggesting renewed market activity. A decline in this metric typically indicates dormant coins are being activated, either through older holders selling or new capital entering the market to acquire these assets.

Out of the five assets analyzed—BTC, XRP, DOGE, Ethereum (ETH), and Chainlink (LINK)—Dogecoin stands out with a sharp 31% decrease in MDIA over the past eight weeks. XRP has also shown a meaningful reduction, signaling potential bullish momentum for both assets.

Historical Patterns Suggest Bullish Potential

Historically, declines in MDIA have correlated with price rallies, as they often indicate fresh capital inflows. Santiment notes that this could mark the beginning of renewed investor confidence and demand for Dogecoin and XRP.

What’s Next for DOGE and XRP?

With Dogecoin and XRP showing strong metrics, market participants are watching for price movements. As these assets experience increased activity, their bullish potential may come into focus, supported by growing investor interest and capital flow.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Dogecoin XRP Flash Bullish
Dogecoin and XRP Flash Bullish Signs with Key Metric Shift
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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