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- 1 Dogecoin price surged more than 25% in a week and its trading volume rose 135%.24% in the past 24 hours.
- 2 DOGE was the first memecoin; launched in late 2013, and was developed as a joke on Doge.
- 3 The trading volume of the entire memecoin category surged more than 103% and was $2,332,597,865 in the past 24 hours.
Dogecoin has been surging for the past one month – went up 20.62% in a month and by 25.44% in a week. When writing, DOGE/USD was trading at $0.07300 with an intraday surge of 6.93%.
In the past 52 weeks, Dogecoin price peaked at $0.158800 while its lowest trading price was $0.05600. In the past 24 hours, DOGE trading volume surged over 135%.24%.
Dogecoin holds first position among all 1287 memecoins followed by Shiba Inu is second most traded token in the market <mention source website>. In terms of price, Doge killer (LEASH) is the most valuable token among all memecoins trading at $314.73.
In the past 24 hours, the entire crypto market capitalization surged more than 3.23% and was $1.28 Trillion. The crypto market has dozens of memecoins that are inspired by dogs.
Shiba Inu is always seen as the nearest and most capable competitor of Dogecoin. When writing, SHIB was trading at $0.000000001134 with an intraday decline of 11.49%.
In the trading volume of Shiba Inu major speculative moves were observed in the past few months. However in the past 24 hours SHIB trading volume declined more than 58.94%.
Dogecoin Played Crucial Role in the Registration of New Memecoins?
Dogecoin is the first memecoin. It was created as a joke on the Doge meme by software engineers. The coin was first live for trading in the market in the second half of 2013.
Following the surge in popularity of DOGE, crypto enthusiasts shifted their attention towards developing a memecoin and listing it for trading. Dogecoin is expected to be used as the means of payment by many renowned brands like Tesla, Microsoft, Twitch and others.
The entire category of memecoins holds a contribution of $16,788,716,007 in the market cap of the crypto market.
The trading volume of the memecoin category surged more than 103% and was $2,332,597,865 over the past 24 hours. When writing, the leader of all cryptocurrencies – Bictoin, was trading at $34,075.86 with an intraday decline of 1.74%.
In the past 24 hours, trading volume BTC has reflected a significant decline of 24.41% and was $22,785,077,974 when writing.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
