Dogecoins daily trading volume reaches 7.68 billion tokens, transactions increase!
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According to CoinMarketCap, 7,679,930,192 DOGE were exchanged in the previous day because of a noticeable increase in the coin’s acceptance rate.
DOGE was trading as low as $0.1689 in initial market transactions before the surge in trading volume caused the coin’s price to rise. DOGE briefly increased to $0.1790 during this rise before dropping back to its present value. DOGE is trading at $0.1725 as of the time of writing, up 1.84% from the previous day.
Dogecoin on-chain data reveals increased interest.
Dogecoin (DOGE) has had a considerable increase in activity over the previous day, with a sizable increase in trading volume for this meme token. DOGE’s trading volume has notably increased by more than 55%, with data showing a trading volume of about $1.31 billion. The surge in trading volume points to a resurgence of investor interest in the meme token with the biggest market valuation. This occurrence has raised the value of DOGE as investor interest has grown dramatically.
According to analysts, there has been an increase in meme token activity over the past week. In particular, on-chain data reveals that the number of active DOGE addresses has increased by as much as 400% as users get ready for what could occur down the road.
