Dogecoin has become the second busiest cryptocurrency on South Korea’s leading crypto exchange, Upbit, with trading activity surpassing that of most other digital assets – second only to Bitcoin.
Korea is renowned for being a bustling hub for cryptocurrency trade and advancement, with an active and passionate community of investors and supporters fueling market action. Due to its strong commitment to digital currencies, the Korean cryptocurrency market acts as a reliable indicator of global trading trends and sentiment shifts.
The significant increase in Dogecoin‘s trading volume on South Korea’s leading exchange could be an indication of its growing popularity and widespread appeal. The fact that Dogecoin, which began as a humorous take on cryptocurrencies, has become a formidable competitor in the crypto market is truly remarkable.
Created as a lighthearted jest, Dogecoin surprising evolved into a global phenomenon, amassing a fervent following of devoted fans.
Dogecoin currently holds the eighth position among cryptocurrencies with a market value of $29.23 billion. This value surpasses Cardano (ADA), now ranking ninth, which has a market evaluation of $21.58 billion.
DOGE price jumps 9%
The price of DOGE has been climbing steadily since hitting a low of $0.167. Dogecoin experienced a surge of up to 9%, but later gave back some of its gains. The cryptocurrency rose by 3.35% over the past 24 hours, reaching a high of $0.21 during the day. If DOGE ends the day with a positive balance, it will mark the third consecutive day of growth.
Based on IntoTheBlock’s report, the combined worth of meme coins has approximately tripled in 2024. Dogecoin alone has doubled in price this year. The surge in popularity for meme coins, referred to as the “meme coin craze,” has boosted their total valuation beyond $56 billion. In the previous quarter, there was a significant increase in the demand for meme coins, reaching its highest level since 2021.
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2024-04-08 18:50