Meme cryptocurrency Dogecoin DOGE/USD is riding high this weekend as sentiment toward cryptocurrencies has brightened. In sync with Doge, Dogwifhat WIF/USD has also made significant gains.
Recent Developments: Over the weekend, Dogecoin surged from $0.177518 on Friday to $0.185951 on Saturday, marking a 4.75% increase. The bullish trend continued on Sunday, propelling the meme coin above the $0.20 threshold for the first time since April 2.
As of the latest data, Doge is trading up 11.37% at $0.202750, as reported by Benzinga Pro data.
Crypto analyst Ali Martinez had predicted a potential uptrend for Dogecoin at the end of March, drawing parallels to the market dynamics observed from 2018 to 2021.
Could This Be the Start of a New Bull Run?
Building on the momentum, crypto trader Yomi hinted at an emerging bull market by declaring, “Don’t forget folks #Dogecoin is in a new bull market. Sit back, relax, and enjoy the show.”
Having peaked at $0.737567 on May 8, 2021, Dogecoin underwent a downward trajectory for about a year, stabilizing around the $0.10 mark. The digital asset broke out of this range in late February and has since been on a steady uptrend.
Star Performer: The Rise of Newbie Dogwifhat – Hailing from the Solana SOL/USD blockchain network, the dog-themed meme coin Dogwifhat, launched in November 2023, mirrored Dogecoin’s impressive gains over the weekend. The crypto is currently up by 9.52% at $3.6726.
For Further Reading: Delving into the Top 10 Meme Coins to Keep an Eye on in 2024
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