Dogecoin ($DOGE), the King of meme coins, has gained its position back in the game. The crypto had been losing value for quite a period of time. However, now the tables have turned and investors can again look out for a rosy picture of its performance. Moreover, the crypto market trend is going haywire today. It’s performing just as ‘crazy’ as Charlie Munger had once indicated.
Dogecoin crypto gained 5.12% and traded at $0.1566 at 7:21 a.m. ET today. 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.
However, in the month of December, one could see the coin continuously losing value. On December 15, 2021, Dogecoin lost 14.16% at 7:21 a.m. ET, according to CoinDesk data. The token traded at $0.179 then. The market capitalization stood at $23.76 billion, down by 14.15%. The 24-hour trading volume was $564.06 million. Moreover, the meme-frenzy cryptocurrency was marked as the biggest loser on Binance and several other crypto exchange platforms that day.
Earlier that week, DOGE tumbled from above $0.20 to as low as $0.12. Correspondingly its market capitalization dropped from about $28 billion to under $18 billion at one point. However, it had recovered substantially, and its price ranged between $0.16 and $0.18.
- Shiba Inu ($SHIB), which was once inspired from Dogecoin is now against it. The coin lost 1.08% and traded at $0.00002749 at 7:31 a.m. ET.
- Floki Inu ($FLOKI), another dog-faced coin lost a huge 8.55% and traded at $0.00006466 at 7:32 a.m. ET.
- Baby Dogecoin ($BABYDOGE), another token inspired from Dogecoin, has beaten its ‘father’ in the race. The crypto was up by 14.5% and traded at $0.000000003854 at 7:34 a.m. ET. Moreover, it was surging yesterday too.
Even though the $DOGE token has gained today, its performance is still uncertain. Therefore, it would be interesting to watch out for updates on it. The crypto might be innthe trend anytime soon.