Investors Interest in Dogecoin Increases

Dogecoin stands out as one of the oldest blockchains in the cryptocurrency market. Founded in 2013, the project was launched as an alternative to Bitcoin (BTC). DOGE, which is basically a fork of Litecoin (LTC), has been making a name for itself since its release. The most popular meme coin had a period of underperformance against the Shiba Inu (SHIB Coin).

However, Dogecoin seems to be pretty close to returning to its old days lately. Because the price increase after the latest news for the popular meme coin draws attention. While DOGE has gained 64% in the last 60 days, it has gained over 8% in the last 7 days. DOGE Coin, which is positively differentiated from the market, has become the favorite of US investors.

The interest in DOGE, which is reflected in Google metrics, draws attention. Interest in the keyword “Buy Dogecoin” in the US has increased by 625% in the last three months. In the last week of November, searches to buy DOGE Coin had a popularity score of 58. In the first week of September, the popularity score of this keyword was only 8. When looked in more detail, it is noteworthy that the search popularity in 6 states of the USA reaches between 80 and 100 points.

Despite the harsh crypto winter, DOGE is recording remarkable rises. The technical side for the continuation of the uptrend is in a very critical region. Because the dog-themed Coin approached the 50 and 200-day moving average in its two big rallies that took place at the end of November and October. It is now recorded that Dogecoin has created the golden cross signal again.

Confirmation of such a strong signal points to a prolonged uptrend for DOGE. On the other hand, if the 50-day average cannot exceed the 200-day average, corrections may come. On the basic side, the actions of Elon Musk, known as the Dogecoin father, on the Twitter side are followed. Because it is seen that Twitter DOGE payment integration speculations have been effective in the price rallies experienced so far.