Analysts have suggested that Dogecoin, Mimi’s favorite coin of Elon Musk, face a decrease in prices and may decrease to less than $ 0.15 after miners threw a large volume of symbols.
The encryption analyst Ali Martinez has revealed that Dogcoin workers have emptied 65 million huge symbols in just two days, indicating that he may pull the price of the code down after the peak Meme Coin in February.
Mine workers have been discharged more than 65 million #DogeCoin $ Doge In just 48 hours! pic.twitter.com/h6zvgan3w4
Ali (ali_charts) March 15, 2025
Mines Duji emptying
Martinez posted on his X account on March 15th a graph showing Doug’s miners discharge A large size of Dogecoin in the past few days.
Martinez said in this position: “Miners emptied more than 65 million #Dogecoin $ DOGE in just 48 hours,” Martinez said in this position.
Some analysts believed that the price of Doug would decrease more if the pressure pressure continues.
As of writing, Dogecoin runs It was circulated at $ 0.170 For each symbol, an increase of 1.2 % over the past 24 hours, with the maximum market exceeding $ 25 billion. However, its current price of $ 0.17 is not anywhere near 0.431 dollars registered on January 18.
“If the demand does not absorb this and if this is true, the price will decrease. If [the] The market will buy everything that is to be cooking, “commeng53432836 commented on Martinez’s publication.
Market monitors said that the concerns related to profitability or market pressure from price instability could be the main driver of the cause of miners dumping a huge size of the MIM in the last two days.
Dog can reach less than $ 0.15
DOGE is still trading at $ 0.17 per currency, but some analysts suggested that if the pressure pressure continues, the distinctive symbol may decrease to less than $ 0.15.
Meanwhile, other analysts are optimistic that Mimi’s popular coin can overcome the decline and rise from stagnation. The Market Observer Tardigrade dealer argued that Dogecoin could rise if the direction continues, saying: “Dogecoin Guit Murge is coming.”
According to traders, Tardigrade, historically, if there is an outbreak leading to a correction stage, the price of Meme Coin will increase shortly after, with insist that when investors continue to unload their DOGE codes, the Meme currency can rise to one dollar or higher in the long run.
Bitcoin effect on dogecoin
Many analysts suggested that this be the effect of Bitcoin’s decline, which decreased to less than 85,000 dollars after it reached $ 108,000 in January.
They explained that in the past, as soon as the value of bitcoin decreased, it had a ripple effect on the ecosystem of the entire cryptocurrency. For altcoins like Doge, bitcoin decreased an increase in volatility.
Market monitors also believe that the current prices of prices in DOGE and the market can be attributed to Bitcoin’s shrinkage and inflation concerns.
However, the future of Dogecoin is still unclear as more miners empty their possessions.
Distinctive image from Opensea, the tradingvief chart
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