The overall crypto market is once again in the red zone as the global crypto market cap has been pulled down by 2% in the last 24hrs and is positioned at $1.12 trillion.
Along with major cryptocurrencies like Bitcoin and Ethereum, the largest meme currency, Dogecoin too has seen a downward trend after falling by 6.28% in the last 24hs.
On the contrary, analysts at bitrue
bitrue Centralised Exchange 
Followers : 0 View profile have an opposite approach as he says that Dogecoin price will hit $0.14. Then he claims that the DOGE will reach the said target only if the currency manages to surpass $0.09027 resistance along with $0.1 psychological area.
Meanwhile, on August 16th the meme currency surged by 16% which increased its performance for the weekend. Though DOGE is down at the press time, the currency is still bullish on a weekly chart surged by 12.69%.
There were speculations that the Dogecoin’s price surge is due to the introduction of Dogechain testnet. However, the Dogecoin community was quick enough to clear the speculation saying the Dogechain testnet was never launched by the Dogecoin’s official network.
The Dogecoin community has raised concerns over the Dogechain but has also maintained their stance that the project is nowhere related to Dogecoin or its developers.
Dogecoin Price Surge With Increased Whale Activity
On the other hand, the data from santiment 
santiment On-Chain 
Followers : 0 View profile claims that the reason for Dogecoin’s price surge might be due to an increased whale activity. The survey states that the network’s whalestats 
whalestats On-Chain Followers : 0 View profile activity has hit a three-month high.
Next, another crypto trader and analyst, Alex Kruger quotes that market participants can always count on dogs to light up their spirits. Then he claims that the upward trend by Dog coins has just started and the DOGE surge in particular sounds interesting.
Additionally, billy markus 
billy markus billy markus Developer/ProgrammerDesigner 
Followers : 0 View profile , dogecoin 
dogecoin Cryptocurrencies Followers : 0 View profile creator states that Dogecoin is the main network and through this verifiable transactions can be added to a shared database. This is then shared along with other virtual coins and the next it’s all about people to decide whether to use or not.
Was this writing helpful?
Read More: coinpedia.org
Bitcoin 
Ethereum 
Tether 
XRP 
Solana 
BNB 
Dogecoin 
Cardano 
USDC 
Lido Staked Ether 
Shiba Inu 
Avalanche 
TRON 
Toncoin 
Stellar 
Wrapped stETH 
Polkadot 
Wrapped Bitcoin 
Chainlink 
WETH 
Bitcoin Cash 
Sui 
Pepe 
Litecoin 
NEAR Protocol 
Hedera 
LEO Token 
Uniswap 
Wrapped eETH 
Aptos 
Internet Computer 
USDS 
Cronos 
Ethereum Classic 
POL (ex-MATIC) 
Artificial Superintelligence Alliance 
Bittensor 
Render 
Ethena USDe 
Kaspa 
Filecoin 
Algorand 
Arbitrum 
VeChain 
Stacks 
Dai 
Celestia 
Bonk 
Cosmos Hub 
Immutable