Recent data from on-chain aggregator IntoTheBlock reveals a surge in short-term trading activity involving meme coins, with <a href="https://www.cryptoknowmics.com/news/dogecoin-price-on-the-verge-of-major-breakout-analyst-predicts/">Dogecoin</a> emerging as the favorite among traders. Over the past seven days, Dogecoin attracted around 110,000 short-term traders, leaving competitors like Shiba Inu, DEGEN, and Pepe far behind. In comparison, Shiba Inu and DEGEN both saw approximately 23,000 active traders, while PEPE garnered 19,000. Smaller meme coins like Coq Inu, Turbo, Mog Coin, and MAGA recorded about 4,000 traders each.
<h2>Dogecoin Set for a 200% Rally?</h2>
[embed]https://twitter.com/intotheblock/status/1844649156025159689[/embed]

According to crypto analyst Ali Martinez, Dogecoin could be on the verge of a significant price movement. Martinez notes that DOGE is breaking out of a multi-year descending triangle, a technical pattern that historically precedes major price increases. In the past, Dogecoin surged 200% before undergoing a 60% retracement, followed by a larger bull run.

Supporting this bullish outlook, IntoTheBlock also reported that Dogecoin whales recently accumulated 2.07 billion DOGE in just one week, marking the largest purchase since January.
<h2>Current Market Performance</h2>
Dogecoin has gained 4.2% in the last 24 hours, now trading at $0.10820, despite being down 7% since October 7th. Its main rival, Shiba Inu, has also rebounded with a 4.45% increase, now trading at $0.00001697 after a recent 13.17% drop.

As meme coin interest continues to rise, Dogecoin's potential 200% surge is capturing the attention of traders and investors alike.

<em><strong>Disclaimer: </strong></em>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.

Dogecoin Leads Meme Coin Frenzy, Eyes 200% Surge

Dogecoin leads short-term meme coin trading with 110,000 traders. Analysts predict a 200% rally as DOGE breaks out of a multi-year pattern.

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.

Dogecoin Leads Meme Coin Frenzy, Eyes 200% Surge

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