"Dogecoin Seeing Positive Changes After Bearish State in Recent Years"
Bitcoin, the world's largest cryptocurrency, has been experiencing a rollercoaster of highs and lows since the start of 2023. This trend is also being seen with Ethereum and other altcoins. While 2022 was not the best year for the crypto market, it appears that the market is trying to regain its footing in 2023. One currency that is currently showing signs of strength is Dogecoin.
Dogecoin, which has been in a bearish state for the past two years, is now seeing some positive changes. According to WhaleStats, a crypto analytics platform, Dogecoin is one of the top 10 tokens that Binance Smart Chain (BSC) whales have acquired in the last 24 hours. These top 10 tokens also include XRP, Filecoin (FIL), and Terra (LUNA).
JUST IN: $DOGE @dogecoin now on top 10 purchased tokens among 500 biggest #BSC whales in the last 24hrs 🐳
— WhaleStats - the top 1000 BSC richlist (@WhaleStatsBSC) January 9, 2023
We've also got $XRP, $FIL & $LUNA on the list 👀
Whale leaderboard: https://t.co/f4ZJg8SIWe#DOGE #whalestats #babywhale #BBW pic.twitter.com/YCXBeGTRiN
Dogecoin is now one of the most traded cryptocurrencies among the top 100 BNB holders. However, its daily trading volume, as reported by Santiment, has been on a downward trend for the past two years. As of now, Dogecoin's trading volume is $402 million for the last 24 hours.
If Dogecoin can maintain its bullish pattern, it has the potential to move past its immediate resistance of $0.080. We will have to wait and see if the meme king can continue to rise in the crypto market.