In a noteworthy progression that has seized the interest of crypto aficionados, Dogecoin (DOGE) and XRP have outperformed all other cryptocurrencies today, marking remarkable increases in the past 24 hours.
This development transpires amid high volatility in the cryptocurrency market as the US elections draw near. Crypto traders can anticipate a surge in BTC price volatility shortly, since the impending US presidential election, slated for November 5, could instigate price fluctuations for the asset. The volatility could match the dramatic shifts that were documented in August.
In the current scenario, the meme cryptocurrency Dogecoin (DOGE) is drawing attention for its substantial price surge in the past day, being the highest among the top 100 crypto assets in the market, with a daily increase of nearly 6%. At the moment of publication, Dogecoin was valued at $0.1571, with an augmentation of 5.9% in the past 24 hours.
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Source: TradingView
At present, Dogecoin’s (DOGE) trading volume is $2.742.603.588 in the past 24 hours, representing a 48.00% increase from a day earlier and signaling a recent upsurge in market activity.
The largest memecoin in the market has been witnessing significant price surges, experiencing a 43.8% appreciation in the past 30 days.
Similarly, XRP, one of the earliest altcoins in the market, is also exhibiting remarkable growth in the last 24 hours, registering gains of nearly 3% in the face of the currently indifferent market scenario.
At the moment of publication, XRP is trading at $0.5098, up 2.9% over the past 24 hours. Currently, XRP’s trading volume is at $1.057.355.048 in the past 24 hours, marking a 47.40% increase from a day earlier and signaling a recent upswing in market activity.
Dogecoin (DOGE) Will See 27% Surge If It Happens; Analysis
A distinguished cryptocurrency analyst revealed a critical resistance for a significant rise in Dogecoin (DOGE) price. Cryptocurrency trading expert Ali Martinez pointed out the memecoin’s recent price development, suggesting a potential rally towards $0.209.
In a technical analysis shared on Nov. 2, Martinez underscored the importance of Dogecoin surpassing the $0.169 resistance. According to the analysis, this is crucial for the second-largest cryptocurrency to confirm its trajectory towards a price of $0.209.
Disclaimer: The views and opinions articulated by the author, or anyone cited in this article, are solely for informational purposes and do not constitute financial, investment or other advice. Investing or trading in cryptocurrencies carries a risk of financial loss.
Tags: Cryptos Dogecoin (DOGE) XRP