{"id":463483,"date":"2024-09-27T02:59:48","date_gmt":"2024-09-27T02:59:48","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=862423"},"modified":"2024-09-27T02:59:48","modified_gmt":"2024-09-27T02:59:48","slug":"dogecoin-news-the-dogefather-strikes-again-elon-musks-post-boosts-doge-prices","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/27\/dogecoin-news-the-dogefather-strikes-again-elon-musks-post-boosts-doge-prices\/","title":{"rendered":"Dogecoin News: \u2018The Dogefather\u2019 Strikes Again\u2014 Elon Musk\u2019s Post Boosts DOGE Prices"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-27-09.41.14-A-dynamic-digital-illustration-showing-a-surge-in-Dogecoins-value-with-a-futuristic-theme.-The-Dogecoin-logo-represented-by-a-Shiba-Inu-dog-is-show.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>Elon Musk\u2019s comments and whale accumulation have pushed Dogecoin past a critical $0.111 resistance level.<\/strong><\/li>\n<li><strong>Dogecoin\u2019s price surge aligns with increased on-chain activity and market optimism, supported by Musk\u2019s influence.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>Market sentiment surrounding Dogecoin (DOGE) has turned bullish, driven by recent whale accumulation and comments from Elon Musk. For example, as discussed in a recent CNF <a href=\"https:\/\/www.crypto-news-flash.com\/elon-musk-teases-doge-as-the-department-of-government-efficiency-what-does-it-mean\/\">post<\/a>, Elon Musk teased DOGE as the Department of Government Efficiency.<\/p>\n<p>Furthermore, according to crypto market analyst Ali Martinez\u2019s recent tweet on the X platform, it is reported that over 1.40 billion DOGE tokens were acquired by whales in the past 48 hours, pushing the token past a crucial resistance level of $0.111.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> whales bought over 1.40 billion <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> in the past 48 hours, worth around $140 million! <a href=\"https:\/\/t.co\/mBXMti2y3V\">pic.twitter.com\/mBXMti2y3V<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1839230005861023958?ref_src=twsrc%5Etfw\">September 26, 2024<\/a><\/p>\n<\/blockquote>\n<p>This shift is further fueled by Musk\u2019s \u201cDogefather\u201d remarks on X, which have reignited investor interest in the dog-themed cryptocurrency.<\/p>\n<h2><strong>Whale Accumulation Boosts DOGE Price Outlook<\/strong><\/h2>\n<p>The surge in whale activity is considered a key factor in<a href=\"https:\/\/www.crypto-news-flash.com\/dogecoins-musk-magic-crypto-all-starss-presale-buzz-and-moonbags-0-tax-advantage-a-saga-of-the-worlds-best-crypto-presales\/\"> Dogecoin\u2019s price rise<\/a>, as the token breached a significant resistance level. Around 62,000 addresses hold over 36 billion DOGE at this critical price point, and analysts believe that if the price holds above $0.111, it could lead to a major bullish breakout.<\/p>\n<p>The recent surge in DOGE\u2019s value aligns with gains across the meme coin sector, including SHIB, PEPE, and WIF, which saw increases between 8% and 15%. Additionally, Coinglass data shows a 12% rise in DOGE\u2019s futures open interest, now at $600.32 million, and a 34% surge in derivatives volume to $1.39 billion, signaling an ongoing uptrend for the coin.<\/p>\n<p>At the time of writing, Dogecoin (DOGE) is trading at <strong>$0.1174<\/strong>, having surged by <span><strong>8.10%<\/strong><\/span> in the last 24 hours and <span><strong>12.53%<\/strong><\/span> in the past week. See DOGE price chart below.<\/p>\n<h2><strong>Optimism for DOGE\u2019s Future Growth<\/strong><\/h2>\n<p>The positive momentum for DOGE continues to build, with crypto analyst Mikybull Crypto predicting the \u201cfinal phase expansion\u201d for the token in this cycle. A recent price analysis from CoinGape supports this optimism, as the project founder reiterated his commitment to Dogecoin, refusing to create another coin.<\/p>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/elon-musks-influence-on-doge-how-moonbag-and-play-rank-in-the-top-meme-coins-presale-by-market-cap-in-2024\/\">This confluence<\/a> of factors suggests that Dogecoin is riding a wave of bullish sentiment in the broader digital asset market.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s comments and whale accumulation have pushed Dogecoin past a critical $0.111 resistance level. Dogecoin\u2019s price surge aligns with increased on-chain activity and market optimism, supported by Musk\u2019s influence. Market sentiment surrounding Dogecoin (DOGE) has turned bullish, driven by recent whale accumulation and comments from Elon Musk. For example, as discussed in a recent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":463484,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[972,405,756,25,21619],"class_list":{"0":"post-463483","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-doge","9":"tag-dogecoin","10":"tag-elon-musk","11":"tag-news","12":"tag-the-dogefather"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/463483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=463483"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/463483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/463484"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=463483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=463483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=463483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}