Dogecoin Volume Erupts to $2 Billion – $10 Next If Whales Keep Buying?

Junior Content Creator

Harvey Hunter

Junior Content Creator

Harvey Hunter

About Author

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

April 23, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Dogecoin erupted over the past 48 hours, notching $2 billion in trading volume with a 100% surge, prompting traders to eye the next big DOGE price milestone.

The meme coin has new standing in the “best crypto to buy” conversation, rallying 20% to $0.185 to reclaim its place as a top altcoin contender.

Risk-on sentiment has returned following de-escalations in the China-US trade war and Trump’s concession to the Fed, and DOGE has soaked up the fresh retail liquidity.

Whales Choose Dogecoin Over Bitcoin: $10 in Sight?

Dogecoin would need to 58x to reach a $10 valuation—a stretch, but not without merit when considering long-term potential.

The memecoin could tap into massive traditional market demand, with several Dogecoin ETFs currently awaiting SEC approval.

Optimism is running high following the onboarding of pro-crypto SEC Chair Paul Atkins, sparking renewed speculation around green lights for ETF listings.

According to IntoTheBlock data, whales have already taken to the news.

Dogecoin has outperformed Bitcoin in both large transaction volume and daily active addresses by 41.12% and 34.91%, respectively. Bitcoin, on the other hand, recorded declines of 11.26% 10.25%.

Popular pseudonymous analyst DogeCapital highlighted historical correlations between DOGE and Bitcoin’s four-year halving cycle—suggesting a path to $10 or beyond.

“Dogecoin has outperformed Bitcoin in every cycle since inception,” he wrote. “No reason to believe this time will be any different.”

DOGE Price Analysis: Can This Momentum Be Sustained?

Dogecoin could be poised for a major breakout in the near term, approaching the upper resistance of the descending channel that’s defined its multi-month downtrend.

This week’s surge could be the first step in that 45% climb to $0.25, with price rebounding off a long-term support trendline that’s marked bottoms since mid-2024.

An upwards move seems credible as momentum indicators become increasingly bullish.

The MACD has flipped positive for the first time since the post-election rally, forming a golden cross with the signal line—often a strong indicator of trend reversal.

The Relative Strength Index (RSI) follows suit, trending upward toward neutral after an extended stint in bearish territory, signaling building buying pressure.

If DOGE can flip the 20SMA—the resistance that snubbed today’s upward move—a breakout could ignite a push toward $0.48, marking a potential 160% gain from current levels.

New ICO Revolutionises an $85B Industry With AI

After a multi-month freefall across the altcoin market, presale investing has become a popular strategy—offering a hedge against downturns and a shot at above-average returns.

One project catching early attention is SUBBD ($SUBBD), an AI-powered content platform redefining a $85B industry by giving fans true access and creators better monetization tools.

Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with almost $230,000 raised in the first presale month.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.