DeFi

Bitcoin

Dogecoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-continues-to-attract-market-attention/" data-wpel-link="internal">Dogecoin Continues to Attract Market Attention</a> 
Dogecoin has always been at the forefront of meme coins, capturing the attention of all market participants. With Elon Musk’s substantial support, the meme coin reached incredible price levels and now seems to be searching for its former glory. Even during periods of significant market movements last year, DOGE could only occasionally rise to the $0.1 level before retreating. 
<h2 style="text-align: justify" id="dogecoin-commentary">Dogecoin Commentary</h2> 
In the cryptocurrency sector, as <a href="https://en.coin-turk.com/current-state-of-cryptocurrency-market-will-bitcoin-continue-its-consolidation/" data-wpel-link="internal">Bitcoin</a> continues to trade at the $52,000 level and its price rise stalls, Dogecoin (DOGE) has also formed a parallel market structure, experiencing a pause even in its weak ascent. 
Despite the negative price outlook, in the past few weeks, there has been tremendous transaction activity on the Dogecoin network, which has fueled optimism for the meme coin. 
According to data shared by the DeFi market monitoring platform IntoTheBlock on February 19th, particularly since January 30th and up to the current day in February, the DOGE blockchain has been showing over 1 million transactions per day, revealing the high level of investor interest in the meme coin. 
Indeed, according to the graph provided by IntoTheBlock, transactions centered around DOGE saw a significant uptick starting on January 28th and accelerating on January 30th, boosting investor confidence in the project and approaching 2 million daily transactions by mid-February. 
Although it later fell below 1.5 million transactions, it rebounded again towards February 19th. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-317161" src="https://coin-turk.com/wp-content/uploads/2024/02/doge-into-the-block.jpg" alt="" width="680" height="302"> 
<h2 style="text-align: justify" id="what-is-dogecoin-s-current-price-in-dollars">What is Dogecoin’s Current Price in Dollars?</h2> 
DOGE, the 10th largest asset by market volume, is currently trading at a price level of $0.08693. This represents a 0.56% increase over the last 24 hours. Additionally, there has been a weekly gain of 4.06%, while the growth over the month has been 1.14%. 
On the other hand, there has been a significant increase in the 24-hour trading volume. This could indicate DOGE investors’ appetite for the cryptocurrency and potentially trigger a price increase. This intense interest could drive DOGE back above the $0.15 level. 
The overall market volume for DOGE also saw an increase of about 0.5%, settling above $12 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-continues-to-attract-market-attention/" data-wpel-link="internal">Dogecoin Continues to Attract Market Attention</a></h5>

Dogecoin Continues to Attract Market Attention

Table of Contents

COINTURK NEWS

Other articles published on Feb 20, 2024

Best On-Ramp + Off-Ramp Solutions for USDC in the U.S.

Small Traders' $44M USDT Surge & $20M USDC Dip Hint At Bitcoin's Next Big Move! Here’s Next BTC P...

Ethereum Investors Flock to Re-Staking Protocols with $3.5B Locked

Memecoins to Watch: Top 3 Dogecoin Challengers in 2024; Kaspa and New Memecoin on the Rise

Filecoin’s Value Soars with Potential for Triple Price Increase

AI in Financial Services: A Transformative Force Amid Regulatory Evolution

Join our free newsletter for daily crypto updates!