Dogecoin Jumps 116% Higher in 2 Weeks, King of Meme Coins Outperforms Leading Crypto Assets

Dogecoin, the king of meme cash, has been the most effective performing crypto property over the past 30 days and ever since Elon Musk took over Twitter. Statistics present that dogecoin has risen 116.3% in opposition to the U.S. greenback over the past two weeks, and the token has located itself within the eighth largest crypto market place right this moment.
Who Let the Canine Out? Dogecoin Stomps the Competitors by Gathering Triple-Digit Beneficial properties in 2 Weeks
Dogecoin (DOGE) has seen an unbelievable soar in latest instances and it began when Elon Musk formally took the reins of Twitter. Two-week metrics in opposition to the U.S. greenback present DOGE has jumped a whopping 116.3%, surpassing the good points recorded by crypto asset leaders like BTC and ETH.
Ever because the billionaire Tesla government Elon Musk took over Twitter, dogecoin (DOGE) has skyrocketed in worth. Folks suspect Musk might combine dogecoin funds into the social media platform.
30-day statistics point out DOGE is up 98.8% and over the past week, dogecoin gained 52.8% in worth. Though, regardless of the mega good points over the past month, DOGE continues to be down 51.3% year-to-date and 82.5% decrease than the $0.73 all-time excessive. Throughout the previous 24 hours, DOGE has had a worth vary between $0.122 and $0.134.
Doge is now the eighth largest coin when it comes to market capitalization and the coin has seen $3.10 billion in 24-hour world commerce quantity. The DOGE market cap right this moment is $17.5 billion in accordance with right this moment’s metrics and there’s a circulating provide of a couple of hundred thirty-six billion DOGE.
DOGE/USD chart by way of Binance, 5-day.
The highest meme coin has additionally fueled your complete meme coin economic system as it’s now valued at $25 billion, or 5.9% greater in USD worth over the past 24 hours. The second largest meme coin has not seen good points like DOGE has over the past week. Shiba inu (SHIB), nonetheless, did rise 8% greater this previous week.
Different meme coin property like dogelon mars (ELON) and floki (FLOKI) elevated in worth by 31% to 52% over the past week. Right this moment, DOGE equates to 70% of your complete $25 billion meme coin economic system, whereas it additionally represents 1.587% of your complete crypto economic system valued at $1.1 trillion.

Tether (USDT) is dogecoin’s prime pair because it equates to 52.88% of all DOGE trades right this moment, whereas BUSD follows behind with 18.76% of all DOGE trades throughout the previous 24 hours. BUSD is adopted by USD (16.76%), BTC (2.70%), KRW (2.68%), and TRY (2.03%) respectively, in accordance with metrics compiled by cryptocompare.com.

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising right this moment.

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