Dogecoin MVRV Ratio Reaches Key Level Amid Price Surge Potential
The altcoin market has faced significant challenges, with Dogecoin losing over 55% in Q1 2025. Recently, DOGE's price increased by nearly 15% within a week, indicating potential for further gains.
Potential Bull Run for DOGE
- Analyst Cryptollica suggests a possible bullish trend for Dogecoin based on the MVRV metric, which compares market cap to realized cap.
- An MVRV ratio above 1 indicates more investors are in profit, while below 1 suggests most are at a loss.
- The current MVRV ratio is around 1, historically linked to price recoveries.
- Past rallies occurred when the MVRV was similar, with increases of 1,900% in August 2017 and 2,200% in August 2020.
- The last notable rally in August 2024 saw a 400% increase, surpassing $0.5.
Current DOGE Price Overview
As of April 19, DOGE briefly reached $0.19 but currently trades around $0.18, showing a 0.3% decline in the last 24 hours.
