Renowned dog-themed meme cryptocurrency Dogecoin garnered significant attention on Wednesday as market stats projected a highly bullish outlook for the token’s price. Crypto market watchers anticipate a $0.5 price target for the token ahead in light of its recent rally. The meme coin’s price is up nearly 21% over the month, while it extended intraday gains to roughly 3% today. A massive 87 million DOGE whale accumulation in the interim has added to optimism surrounding the token’s future movements, with a potential $0.5 target looming over the horizon.
