Dogecoin Whales Buy 200 Million Coins: $0.50 Soon?

According to salient cryptocurrency expert Ali Martinez, Dogecoin (DOGE) whales person purchased 200 cardinal coins successful the past 48 hours. The determination shows increasing capitalist sentiment astir the memecoin. The acquisition comes amid a marketplace recovery, with astir assets trading successful the greenish zone.

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Market Recovery Trend

Source: Watcher Guru

The cryptocurrency marketplace has regained immoderate momentum. Bitcoin (BTC) has reclaimed the $101,000 level. The planetary crypto marketplace headdress has risen to $3.71 trillion. Dogecoin (DOGE) follows the resurgence inclination arsenic well.

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The dog-themed memecoin has rallied 2.2%. successful the past 24 hours, 17.6% successful the play charts, 12.9% successful the 14-day charts, and 374.8% since January 2024. Despite the rally, DOGE is inactive down by 1.2% implicit the erstwhile month.

Source: CoinGecko

Will Dogecoin Hit $0.50 Next?

DOGE whitethorn participate a rally implicit the adjacent fewer days. Trump’s inauguration could trigger different market-wide rally. Trump’s pro-crypto stance volition apt pb to a important emergence successful capitalist sentiment. The President-elect has said that helium wants to marque crypto a nationalist priority.

Also Read: Donald Trump to Designate Cryptocurrency arsenic a National Priority

According to CoinCodex, DOGE’s terms volition consolidate astir existent levels till astatine slightest Mar. 24, 2025. The level anticipates the plus to interruption retired into a rally by precocious March. CoinCodex predicts DOGE to deed $0.50 connected Mar. 27, 2025. The level further anticipates the memecoin to deed a caller all-time precocious of $1.03 connected Apr. 15, 2025. Hitting $1.03 from existent terms levels volition entail a rally of astir 171.05%.

Source: CoinCodex

DOGE whitethorn besides rally aft the commencing of the Department Of Government Efficiency (D.O.G.E.) with Elon Musk and Vivek Ramaswamy astatine its head. The section was greenlit by Trump and volition statesman enactment precise soon.