Whale Alert, one of the most advanced blockchain trackers, has announced support for Dogecoin.
Despite its status as a meme coin, Dogecoin has seen massive interest from retail and institutional investors. Being one of the most renowned cryptocurrencies around, support for the asset on several platforms has become the norm. The recent Whale Alert inclusion highlights Dogecoin’s prominence.
As a result of the support, Whale Alert will inform the community of any large transaction involving Dogecoin.
Furthermore, the platform seeks to launch its new API before launch, with Dogecoin seeing an inclusion. Whale Alert also promises to include other classics in the weeks to come.
“We have added #Dogecoin to Whale Alert! Large DOGE transactions will now be reported. Data will be available in our new API soon, and other classics will be added in the coming weeks,” the platform said in the tweet.
ℹ️ ℹ️ ℹ️ We have added #Dogecoin to Whale Alert! Large #DOGE transactions will now be reported. Data will be available in our new API soon and other classics will be added as well in the coming weeks.
— Whale Alert (@whale_alert) September 30, 2022
Whale movements are a crucial part of the cryptocurrency markets, as they can dictate the direction of an asset’s price action. Consequently, pundits and market watchers find data on whale transactions useful for their analyses.
Whale Alert’s inclusion of Dogecoin will allow the community to get up-to-date data on large asset transactions. This should help analysts and investors in making appropriate trade decisions.
Dogecoin’s price direction of late has been nothing short of sideways. The asset has been extensively consolidated as the bear market remains persistent. Despite a fall from the recent $0.087 last month, DOGE is currently steadying itself above the support at $0.06.
DOGE trades at $0.06013 as of press time, but its position is highly delicate, as it has traded below the $0.06 support, for the most part, this month.
Dogecoin, along with BNB and BTC, is witnessing a massive rate of negative sentiments. Still, as previously reported, Santiment noted that the asset’s high level of FUD could be its saving grace in the long run.
Recall that Dogecoin recently became the Second Largest Proof Of Work (PoW) Crypto, And Doge lover Billionaire Mark Cuban said that Dogecoin has more potential than Cardano.
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