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Altcoin Market has been one of the most affected sectors in the encryption industry due to the uncertainty that led to the closure of global financial markets in the past few months. For example, Dogecoin – the largest Mimi currency depending on the market value – lost more than 55 % of its value in the first quarter of 2025.
However, it seems that things are looking for a doge, as its price jumped approximately 15 % last week. According to the latest note on the series, this last gathering may be the beginning of another leg for the Mimi coin in the coming weeks.
Does the constant bull run on Doug cards?
On April 26 Publishing on x Cryptollica platform, Crypto analyst, assume that the price of Dogecoin can prepare for an emerging period extended over the next few weeks. This projection depends on the changes in the MVRV scale, which tracks the maximum rate of the coin market to the maximum.
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The MVRV ratio mainly tells the amount of the value that investors (the maximum market) are compared to the value they set (the maximum realized). Thus, when the value of this scale is greater than 1, this means that more investors are in profit at the present time. Meanwhile, a value less than one indicates that most of the market is red.
As such, the generally high MVRV ratio is seen as a higher price sign because investors show more miles to empty their assets when they are in profit. On the other side, when the scale is less than the “1” threshold, it indicates that the market may be a bottom.
As observed in the above chart, it appears that the percentage of Dogoin Mvrv is thick at the level of the “1” threshold and around it. In addition to its importance on the series, this level has proven a pivotal in some of the repercussions of the trends seen in the past, as the price of Dog increased to a new local rise every time the MVRV ratio continues around this mark.
The price of Dogecoin increased by 1900 % and 2,200 % in August 2017 and August 2020, respectively, when the MVRV ratio was at its current level. The last time it was around this level in August 2024, the price of Dog increased by more than 400 % to exceed $ 0.5.
Going to the historical precedent, there is a possibility that the price of Doug will prepare for a large upward movement. Given the improvement of the market climate, continuous upward running may not seem completely out of this stage.
Dogecoin price at a glance
After touching a mark of $ 0.19 in the early hours of Saturday, April 19, it seems that the price of Doug has been cooled. From writing these lines, the Doug price hovers about $ 0.18, which reflects a 0.3 % decrease in the past 24 hours.
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Distinctive image from Istock, tradingvief chart
