Dogecoin (DOGE) sees 60.9 billion in trading volume over 24 hours

Unprecedented activity in Dogecoin trading: The recent surge in Dogecoin trading volume underscores a bullish trend, with large transactions up by 40.1%, amounting to approximately 23 billion USD. This demonstrates growing investor confidence, indicating potential market stability.

Short-term traders capitalize on momentum: With the increased trading activity, short-term traders may be drawn to Dogecoin’s momentum. This trend potentially mitigates the risk of sharp sell-offs, preserving upward price momentum that could benefit long-term holders.

Historical trends favor Dogecoin’s growth: Historically, December has been favorable for Dogecoin, featuring gains of 337.5% in 2017 and 32.4% in 2020. This year’s bullish activity suggests that DOGE could continue its positive trajectory during the holiday season.