Dogecoin to the Moon? $0.20 Remains The Key Hurdle

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April 10, 2024 by Lipika Deka

Dogecoin is on the brink of smashing new records for the year. The meme coin, known for its unconventional origins, has posted an impressive surge of over 10% in the past 30 days alone. Investors and enthusiasts closely monitor the token’s performance as it nears a critical price point that could dictate its trajectory in the near future.

Data from IntoTheBlock revealed that DOGE’s next significant milestone is to overcome the $0.20 barrier, a key target for the bullish trend continuation. The significance of the level is underscored by the fact that roughly 32,000 addresses are currently holding a whopping 3.78 billion DOGE, all at a loss due to the coin’s fluctuation below this crucial price point. The token’s ability to break through this level could not only signal a new phase of growth for the cryptocurrency but also potentially lead to significant gains for a considerable number of investors.

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 3.78 billion DOGE at a loss.

As the situation unfolds, all eyes remain on Dogecoin and its vibrant community, to see if they can propel the token to new heights. Whether the meme coin can achieve this breakthrough remains to be seen, but given the token’s history of unexpected rallies and the broad support it enjoys from high-profile figures in the tech and entertainment sectors, its current prospects have undeniably added an exciting twist to the ever-evolving narrative of the cryptocurrency world.

Dogecoin Undergoes Security Boost 

Not long ago, developers released Dogecoin Core 1.14.7, bolstering the community’s commitment to recognizing and rewarding meme token ecosystem contributors. Led by a dedicated group of volunteers and maintainers, Dogecoin Core stands as a testament to the inclusive and decentralized ethos of the project.

According to the GitHub submissions, the 1.14.7 upgrade is a new minor version release that brings enhancements to several RPC methods and important security updates for Dogecoin-Qt. Over 50 different DOGE contributors worldwide helped with this release.

While a minor update, it will enhance security and benefit node operators. Another relatively recent technical improvement was the introduction of Ordinals on the blockchain, with some developers even releasing popular games that run wholly using Dogecoin.

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