Dogecoin ($DOGE) rallies 17% amidst dipping crypto market

Dogecoin ($DOGE), the first meme token, has been rallying again. Today, the major coins have been dipping. Whereas, this meme-frenzy token is back in the trend and has been surging for a while.

Token Performance

The $DOGE token had surged by 17.29% and traded at $0.196 at 10:36 a.m. ET today. The market capitalization stood at $26 billion, up by 17.29%. Moreover, the 24-hour volume traded for the crypto had skyrocketed by about 270% to $6.04 billion.

Yesterday, Dogecoin was the leading Altcoin. $DOGE token was up by 10.28% and traded at $0.1716 at 7:15 a.m. ET yesterday. The market also gained by more than 10% and stood at $22.7 billion. Moreover, the 24-hour trading volume gained by a massive 42.7% to $1.6 billion.

The day before yesterday, $DOGE token was down by 2.67 and traded at $0.156 at 6:47 a.m. ET today. The market capitalization stood at $20.69 billion and was down by 2.67%. However, the 24-hour trading volume increased by 21.19% to $1.4 billion. In contrast, the Dogecoin supporters expected it to rally once the news of Tesla accepting $DOGE as a payment mode for car orders is confirmed.

Moreover, on Tuesday, there was a different trend for the crypto. Dogecoin crypto gained 5.12% and traded at $0.1566 at 7:21 a.m. ET. Moreover, its market capitalization increased by about 5% to $20.7 billion. Further, the 24-hour trading volume of the $DOGE token skyrocketed by a whopping 294% to $1.5 billion.

Major coins that dipped
  • Bitcoin ($BTC), the largest cryptocurrency, was down by 0.24% and traded at $43,053 at 10:36 a.m. ET.
  • Ethereum ($ETH), the second-largest cryptocurrency, fell by 0.81% and traded at $3,276 at 10:36 a.m. ET.
  • Solana ($SOL), another major crypto, was down by 3.98% and traded at $146.81 at 10:36 a.m. ET.
  • Polygon ($MATIC) declined by 1.59% and traded at $2.29 at 10:36 a.m. ET.

Dogecoin prices are mostly affected by the trend. It is now in trend, however, no one knows when the situation gets reversed.

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