Dogecoin (DOGE) Faces Deep Discount as Elon Musk Reappears on Crypto Timeline

Share

Elon Musk has once again captured crypto attention by responding « lol » to an archived screenshot of his profile. Dogecoin is currently trading at a deep discount, with its 365-day MVRV ratio falling to -19.26%, indicating that most one-year holders are sitting on unrealized losses. Historically, September shows an average return of +12.5%, and the fourth quarter proves most lucrative with +15.5% in November and +18.9% in December. A whale transferred 250 million DOGE, approximately $23.2 million, to Binance, a transaction interpreted as an internal liquidity redistribution rather than a panic sell-off. This technical setup combined with favorable seasonality positions the asset in a strong buy zone ahead of a potential year-end rally.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles