In a surprising new development, Dogecoin, the “memecoin” that caught the internet’s heart, is defying the more extensive patterns in the cryptocurrency market. Notwithstanding mishaps looked by other altcoins, Dogecoin has left on a new bull run, marking a 7% gain in value on a day. The genuine attention, be that as it may, lies in the on-chain data, revealing a staggering three-month high in transaction volume, reaching a noteworthy $665 million.
🐶 #Dogecoin has had a modest +5% surge on a mostly flat #crypto market day. It has been aided by $665M in #onchain transaction volume, its highest level in 3 months. There is also a notable amount of $DOGE longs opening as traders bet on prices rising. https://t.co/uFgCCIxih0 pic.twitter.com/DussxIPJN2
— Santiment (@santimentfeed) November 16, 2023
This surge in transaction volume comes when the larger crypto market experiences disturbance, highlighting Dogecoin’s strength and its special position in the digital currency landscape. Santiment, a reliable on-chain data provider, has revealed this critical upswing, showcasing Dogecoin’s capacity to catch market interest and maintain its allure.
The Dogecoin Moon Mission
🚀Dogecoin On The Moon Update🌕
Exciting news for the Dogecoin community!🌑
Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA's Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort! pic.twitter.com/QESz4ikHln
— Dogecoin (@dogecoin) November 16, 2023
Adding to the excitement is the new declaration from the authority Dogecoin account on X (formerly Twitter), confirming a mission to send Dogecoin to the moon. The mission, led by Pennsylvania-based robotics firm Astrobotic Technologies, vows to convey an actual Dogecoin to the DHL Moonbox using ULA’s Vulcan Centaur rocket. The planned launch on December 24, 2023, has cryptocurrency enthusiasts anxiously anticipating this unconventional lunar excursion.
The moon mission, while capturing imaginations, additionally features Dogecoin’s novel community-driven culture. The declaration determines that the Dogecoin trinket will find its direction to the moon by means of the DHL Moonbox, a symbolic capsule containing different mementos. This aggressive plan adds a hint of spice to the cryptocurrency world and underlines Dogecoin’s capacity to rise above more.
Notwithstanding its current trading worth of $0.082, Dogecoin enthusiasts are setting their sights on the $0.1 mark as the cryptocurrency rides the rush of its new breakthrough. However, whales in the Dogecoin community are accounted for to be selling a significant measure of their holdings this month, further adding intrigue to the ongoing narrative surrounding this unconventional digital asset.
Final Thoughts
To conclude, Dogecoin’s new surge in transaction volume and the declaration of its moon mission contribute to a fascinating part in the cryptocurrency adventure. Yet again as the more extensive market faces difficulties, Dogecoin continues to catch attention and blow some minds, proving that in the world of digital currencies, the underdog — or rather, the underdoge — can arise as a genuine contender.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.