"DOGE is looking for another way, it doesn't need Musk's support anymore."
The satisfactory performance of the largest memecoin Dogecoin (DOGE) against other cryptocurrencies during 2022 has caused investors to start predicting its future for this year.
Please be informed that DOGE has so far managed to increase by 10% in the past 24 hours after whales were found to be interested in the memecoin.
For the record, DOGE is among the top 10 tokens bought by whales on Binance Smart Chain (BSC), followed by several other cryptos such as Ripple (XRP), Filecoin (FIL), and Terra (LUNA).
The proof is that in the first week of December, BSC's 100 biggest investors held as much as 97 million DOGE in their respective wallets while in the following week BSC whales had around 80 million DOGE worth $7.3 million.
Meanwhile, the trading volume of the memecoin recorded a faster increase than other digital assets in the week of Christmas 2022, where there is speculation that the reaction happened after the billionaire Elon Musk gave a Christmas speech.
The following achievement has pushed the altcoin's trading volume up 300% in a single day while its market capitalization is up around 8% at $10.3 billion.
As of this writing, the price of DOGE is slightly down hovering at the $0.07501 zone after advancing 9.6% yesterday and 7.8% last week.
