Blockchain data reveals that investing in Dogecoin has seen a surge in mining difficulty, up 4% in the past week. This often indicates network health strength, which long-term investors view as a confidence booster for asset sustainability. to $35 billion. However, when it comes to legitimate use cases, Dogecoin is lacking. There are plenty of other choices beyond the mainstream stocks and cryptocurrencies referenced above, however. In recent years, one cryptocurrency that has burst onto the scene is Dogecoin (CRYPTO: DOGE) . Investing in Dogecoin is showing signs of consolidation, with Bollinger Bands tightening, indicating a potential price squeeze. The current market sentiment index sits at 61 (greed zone), meaning traders are positioning for possible upward volatility if macro market confidence improves.