Dogecoin’s Journey to All-Time Highs: A Millionaire-Maker in the Making?
• Dogecoin (DOGE) attempts to make a comeback during a mini-bull run, following a recent massive shorting from investors and traders.
• The future remains promising for Dogecoin.
Dogecoin (DOGE), a leading memecoin and altcoin in the cryptocurrency market is positioning itself for a major upsurge to a new price level. According to on-chain metrics, Dogecoin bulls have awoken and seem to be on a journey to the top. Although the coming weeks seem promising for Doge, market sentiments suggest that key players might still not be fully convinced about the asset.
According to data from leading on-chain platform Santiment, Dogecoin is on a mini bull run. The market intelligence platform took to Twitter to make this known and further disclosed that Doge has reclaimed a price point that was previously attained four weeks ago.
Additionally, Santiment revealed that before the recent developments, investors and traders holding short positions hit an all-time high recently, which might have played a huge role in influencing the ongoing price pump.