Recently, Dogecoin (DOGE) has had an astounding increase, and it all began when Elon Musk assumed full control of Twitter.
Doge has increased by a staggering 116.3% over the past two weeks when measured against the US dollar, outpacing gains seen by top crypto assets like BTC and ETH.
According to 30-day statistics, DOGE is up 98.8%, and over the previous week, its value increased by 52.8%.
Nevertheless, despite the enormous increases over the past month, DOGE is still down 51.3% for the year and is 82.5% below the $0.73 record high. The price of DOGE has fluctuated between $0.122 and $0.134 over the previous 24 hours.
Currently ranked seventh in terms of market value, Doge saw $3.10 billion in 24-hour global trading.
With a market value of $8, Doge has experienced $3.10 billion in 24-hour global trade volume, making it the eighth-largest coin overall.
According to current measurements, the market cap of DOGE is $17.5 billion, and there are more than 136 billion DOGE in circulation.
The leading meme currency, now valued at $25 billion, or 5.9% more in USD value over the last 24 hours, has also supported the entire meme coin ecosystem.
The increases DOGE has experienced over the past week have not been shared by the second-largest meme coin. However, Shiba Inu (SHIB) did increase 8% over the previous week.
Over the past week, the value of other meme coin assets like floki (FLOKI) and dogelon mars (ELON) rose by 31% to 52%.
Right now, DOGE accounts for 70% of the $25 billion meme coin market, as well as 1.587% of the $1.1 trillion global crypto market.
The most popular trading pair for dogecoin is Tether (USDT), which accounts for 52.88% of all trades today. BUSD is second, accounting for 18.76% of all trades for the previous day.
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