Dogecoin Spikes On ‘Largest Shorting’ As Analyst Sees Price Hitting ‘A Dime Sooner Than You Think’

Dogecoin (CRYPTO: DOGE) on Tuesday experienced a significant uptick, reclaiming the $0.070 level for the first time in four weeks. What Happened: On-chain analytics firm Santiment reported that the recent rally may be attributed to the largest shorting of DOGE in 2023, which occurred just six days ago. Despite the surge in price, the level of discussions and overall interest surrounding the meme-inspired cryptocurrency has remained relatively low, as per Santiment data. Prominent pseudonymous analyst Kaleo on Tuesday expressed optimism about DOGE’s future, suggesting that the cryptocurrency ma…

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