The memecoin experts are hinting at a potential $5 rally for DOGE price following the recent hype about a potential Dogecoin ETF approval. While there’s still plenty of room for the Dogecoin ETF approval to go through, IntelMarkets is drawing attention with a 24-hour turnover crossing $750,000 as crypto whales move in and pump up the trading activity in the network.
DOGE Price Might Explode Following Dogecoin ETF Approval
Dogecoin (DOGE) has always been a trendy memecoin among traders. The DOGE price enjoyed strong community backing and impressive bullish rallies through social media hype. However, the DOGE price is speculated to touch the lofty $5 price point following rumors about the potential Dogecoin ETF approval, with requirements of a massive $1.4 trillion market cap.
Analysts think the DOGE price could face an obstacle due to its inflationary nature because the memecoin has no supply cap, which limits its ability to maintain long-term scarcity-driven growth. The Dogecoin ETF rumors may have sparked optimism, but regulatory uncertainty and the lack of institutional adoption remain challenging aspects for the project.
The DOGE price is heavily affected by social sentiment, which means mainstream financial adoption could pose challenges for the memecoin. Despite these hurdles, the DOGE price is still gaining attention due to speculations about the potential Dogecoin ETF approval.
Technical Indicators Suggest Bullish Rally for DOGE Price
In terms of performance metrics, the DOGE price is displaying signs of a strong breakout potential as it surpasses the important technical structure. In the context of recent downward momentum, cryptocurrency analysts, including Klejdi Cuni on TradingView, think that DOGE’s latest move could start a bullish trend, targeting $0.33 and above.
Technical indicators show that the DOGE price has consolidated within the significant price range of $0.23 to $0.26 from February 5 to February 10. This follows a decline from February 1 to February 3, when the DOGE price fell below $0.22 for the first time since November 2024. However, the latest breakout above the upper trend line of this phase indicates recovery.
Investors Predict IntelMarkets Could Surpass DOGE Soon
IntelMarkets’ recent network activity has stunned institutional investors after an anonymous wallet purchased $750,000 worth of INTL tokens at $0.08 per altcoin. This high-volume transaction has taken the market by storm, with analysts speculating explosive gains for IntelMarkets as whales show interest in this AI-powered layer-1 blockchain platform.
This next-generation platform is growing in adoption among institutional investors and retail traders due to its mind-blowing offerings amid the bearish market trend. Investors are mainly utilizing the platform to train their AI agents and automate trading, where they don’t have to make a single move and have AI handle all trade executions on their behalf.
IntelMarkets Turns Heads With Dual-Exchange Functionality
While investors are shocked to witness more than half of a million flown into IntelMarkets’ ongoing presale, its cutting-edge dual-chain functionality is another reason why traders are prioritizing this project over other traditional platforms. IntelMarkets features a dual-chain architecture that offers traders the flexibility to choose either Ethereum or Solana.
Investors can freely select the blockchain of their choice that matches their specific requirements, trading strategies, and preferences. As a dual-chain exchange, IntelMarkets is making headlines as more and more investors rush to this platform to secure massive gains and potentially secure generational wealth after INTL skyrockets post-launch.
For traders on the lookout for a modern-generation trading platform, IntelMarkets offers cutting-edge trading robots that are trained on over 100,000 data points.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
