During times of significant market fluctuations, the price of Dogecoin, which is based on the theme of dogs, has managed to hold onto its gains over the past month.
April has seen significant volatility for cryptocurrencies, with most coins dropping from their previous peaks. Among them, Bitcoin, which was once worth around $73,750 at its peak in mid-March, is now 15% lower, and has also declined by 1.5% over the past month.
This trend is reflected across the crypto markets, with various coins down on a 30-day basis.
Amidst the market turmoil, Dogecoin (DOGE) has stood out as a symbol of tenacity, bucking trends and maintaining growth throughout the previous month. Surprisingly robust, this performance has piqued the interest of both investors and fans.
According to analysis from on-chain firm IntoTheBlock, many cryptocurrencies with “dog” themes or being meme tokens are experiencing decreases in value over the past month. However, there are some exceptions, such as Dogecoin.
According to IntoTheBlock, Dogecoin was among the rare cryptocurrencies that continued to increase in value monthly, as opposed to most other digital assets that experienced losses during the same period. (Source: IntoTheBlock provided a screenshot as evidence.)
Based on information from CoinGecko, Dogecoin has decreased by 1.7% over the past day and by 24% over the last week. However, it has risen by 11.6% during the previous month, and its current price is at $0.1476.
Dogecoin’s development team plays a significant role in maintaining its consistent performance. They regularly release upgrades and enhancements, boosting Dogecoin’s capabilities and fortifying its security. This forward-thinking approach keeps Dogecoin current and relevant within the ever-evolving cryptocurrency landscape.
Over the past month, the Dogecoin Foundation unveiled Gigawallet version 1.0 – an easy-to-use back-end service with a transaction API. This API enables companies such as online businesses, exchanges, and social media platforms to facilitate Dogecoin transactions automatically.
With GigaWallet, businesses can easily adopt Dogecoin as a payment method without dealing with the intricacies and risks involved in setting up Dogecoin transactions themselves.
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2024-04-18 18:59