Dogecoin gains today amid a ‘crazy’ market

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.

Today’s Performance

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.

Recent Dips

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.

Doge Rivals
  • 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.

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