Bitcoin

Dogecoin, the king of meme coins, has been one of the best performing crypto assets during the last 30 days and ever since Elon Musk took over Twitter. Statistics show that dogecoin has risen 116.3% against the U.S. dollar during the last two weeks, and the token has situated itself in the eighth largest crypto market position today.

Who Let the Dogs Out? Dogecoin Stomps the Competition by Gathering Triple-Digit Gains in 2 Weeks

Dogecoin (DOGE) has seen an incredible jump in recent times and it all started when Elon Musk officially took the reins of Twitter. Two-week metrics against the U.S. dollar show DOGE has jumped a whopping 116.3%, surpassing the gains recorded by crypto asset leaders like BTC and ETH.

30-day statistics indicate DOGE is up 98.8% and over the last week, dogecoin gained 52.8% in value. Although, despite the mega gains during the last month, DOGE is still down 51.3% year-to-date and 82.5% lower than the $0.73 all-time high. During the past 24 hours, DOGE has had a price range between $0.122 and $0.134.

Doge is now the eighth largest coin in terms of market capitalization and the coin has seen $3.10 billion in 24-hour global trade volume. The DOGE market cap today is $17.5 billion according to today’s metrics and there’s a circulating supply of more than one hundred thirty-six billion DOGE.

The top meme coin has also fueled the entire meme coin economy as it is now valued at $25 billion, or 5.9% higher in USD value during the last 24 hours. The second largest meme coin has not seen gains like DOGE has during the last week. Shiba inu (SHIB), however, did rise 8% higher this past week.

Other meme coin assets like dogelon mars (ELON) and floki (FLOKI) increased in value by 31% to 52% over the last week. Today, DOGE equates to 70% of the entire $25 billion meme coin economy, while it also represents 1.587% of the entire crypto economy valued at $1.1 trillion.

Tether (USDT) is dogecoin’s top pair as it equates to 52.88% of all DOGE trades today, while BUSD follows behind with 18.76% of all DOGE trades during the past 24 hours. BUSD is followed by USD (16.76%), BTC (2.70%), KRW (2.68%), and TRY (2.03%) respectively, according to metrics compiled by cryptocompare.com.

Tags in this story
116% gain, crypto assets, Doge, DOGE Elon, dogecoin, Dogecoin price, Dogelon, Elon Doge, Elon Musk, elon musk twitter, floki, Floki coin, Markets, Meme Coin, Meme-coin economy, Musk Doge, Musk Dogecoin, Prices, shib, shiba inu, triple digits, Twitter, Twitter Elon Musk

What do you think about dogecoin’s market performance since Elon Musk took over Twitter? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Articles You May Like

Russian authorities say dozens dead in attack on Moscow concert venue
State tax revenues are slowing: analysts
NYC prepares to issue $1.5B of GOs
Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds
US urged Ukraine to halt strikes on Russian oil refineries