Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time
The altcoin market has faced significant challenges due to global financial uncertainty, with Dogecoin losing over 55% of its value in Q1 2025. Recently, Dogecoin's price increased by nearly 15% in one week, suggesting potential for further gains. Analyst Cryptollica indicates that Dogecoin may enter a bullish phase based on the MVRV metric, which compares market cap to realized cap. An MVRV ratio above 1 suggests profitability for investors, while below 1 indicates potential market bottoming. Currently, Dogecoin's MVRV ratio is around the 1 threshold, historically linked to price surges. Past rallies occurred when the MVRV was at similar levels, with significant price increases noted in August 2017 and August 2020. As of April 19, Dogecoin's price is approximately $0.18, reflecting a slight decline of 0.3% in the last 24 hours.
