Dogecoin (DOGE), the King of meme coins, is back in the trend again. The meme-frenzy crypto has been gaining considerably today. The gain is notable since the major coins including Bitcoin (BTC), the largest cryptocurrency, have been dipping. The coin has recently set a benchmark after consistently popping up in trends.
The DOGE token was up by 5.92% and traded at $0.1500 at 10:00 a.m. EDT today. The market capitalization of the coin stood at $19.9 billion, up by 4.41% at the time of writing. Moreover, the 24-hour trading volume skyrocketed by a whopping 192.35% to $2.1 billion.
As reported by Investor’s Pulse last Monday, the meme coin was trading at $0.14 when writing on Monday, March 28, 2022. It has increased by 6.7%, with a 24-hour trading volume of 1.53 billion. Moreover, #DogecointotheMoon started trending on Twitter.
At that time, Dogecoin had increased by up to 50% in less than two weeks, reaching $0.1500 last Monday at one point. However, it was still down by over 80% from its 52-week high of $0.73. Moreover, within a week, the prices have not changed much since the coin has again retained the $0.1500 mark.
Earlier, On March 24, 2022, Dogecoin (DOGE) reached a month high peak just after Bitcoin of America announced plans to add support for the canine-themed cryptocurrency to its network of over 1,800 ATMs in 31 states. Then, it was trading at $0.136.
Shiba Inu: The Doge Rival
Shiba Inu (SHIB), another doge-faced meme token, which was inspired by Dogecoin itself is considered one of its biggest competitors. The SHIB token was up by 0.92% and traded at $0.0000268 at the time of writing. Though the coin gained substantially, it was far behind its biggest rival- Dogecoin. Moreover, later it dipped slightly and a saw see-saw trade effect.
The ‘red’ market
- Bitcoin (BTC), the largest digital token, was down by 0.62% and traded at $46,106.87
- Ethereum (ETH), the second-largest cryptocurrency, fell by 0.69% and traded at $3,466.00.
- Solana (SOL), another major crypto, dropped by 3.46% and traded at $132.49.