Dogecoin ($DOGE), the King of meme coins, is now the leading altcoin with a rally of 12%, however, later it came down by a bit. But the slight decrease doesn’t change the positive situation. The token is still in the ‘green’. The coin had been dipping for a while. However, the tables have turned now as the ‘King’ is back in the race.
$DOGE token was up by 10.28% and traded at $0.1716 at 7:15 a.m. ET today. 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.
Recent gains and dips
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, day before yesterday 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.
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.
The coin sometimes is in the trend and sometimes loses charm. However, its supporters and investors have high hopes for the token’s future. Though it is still unpredictable that will the $DOGE crypto gain further or will it dip adhering to its volatility.