Dogecoin

Frenzy

<p>Dogecoin (<a href="https://www.cryptopolitan.com/dogehigh-after-doge-transfer-to-robinhood/" rel="noopener noreferrer nofollow">DOGE</a>) has boosted, by 10% gaining its valuation. now a cryptocurrency worth $0.1986 has already got almost 3.68% growth and seen an active market. Over the past hours its value has been rising partially due to the activity in markets. Not only this, but a seven-day momentum of Dogecoin has been observed and this crypto exceeded by more than 10% of its initial value.</p>
<h2 class="wp-block-heading" id="dogecoin-surge-challenging-xrp-position">Dogecoin surge challenging XRP position</h2>
<p>Dogecoin now, the meme-based cryptocurrency has got a market cap of 28.78 billion dollars. So, can be<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow" target="_blank"> placed </a>at the eighth position of the top ten cryptocurrencies, in terms of market capitalization. For a total trade volume over the past hours of $2.72 billion, the trading period can be considered very active.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/al1iW2iKQKuh6P6PJKZhw5ANnN2B_Pivtw6PEeOTdJVbmIBW89X7YNDjPvoRDxSX9YE_J5wR_6thJ3MjrdLUuFmUU9aNDSD7j18MruAwU7shd861xDCdfrXBWpL-Y_rTwe-_rxLtac2cdmivh7iEs8k" alt="">
</figure>
<p>Source: coin market cap</p>
<p>This event introduces a doubt: Is it possible for Dogecoin to surpass the growth rate of Ripple’s XRP such that the ranking group will be shifting constantly? This development is exciting rumor-frenzy among the positive-cast market watchers and investors.</p>
<h2 class="wp-block-heading" id="dogecoin-liquidity-and-stability">Dogecoin liquidity and stability</h2>
<p>The most important attribute that describe <a href="https://www.cryptopolitan.com/dogecoin-rally-mirrors-past-successes-crypto/" rel="noopener noreferrer nofollow">Dogecoin’s</a> market volatility is its volume to market cap ratio with that being currently at 9.45%. The fact that the ratio is so high reflects the market as constituted of assets that can be liquidated and purchased with a certain amount of ease.&nbsp;</p>
<p>The number of coins of doge circulating on the market remains at 143.84 billion indicating that the supply is constant and unaffected by external reasons.</p>
<p>The movement of Dogecoin could be regarded as a dynamic cryptocurrency market, where investors can sway from a currency as well. The currency could be about its community following or, on the other hand, purely speculative in nature.&nbsp;</p>
<p>As the news flow of the cryptocurrency has already been in the headlines cryptocurrency’s performance will be closely monitored for the remaining days which will be essential to assess whether sustained growth can be seen.</p>

Dogecoin’s trading Frenzy Places It Among Top Eight Cryptocurrencies

Table of Contents

Cryptopolitan_News

Other articles published on Apr 11, 2024

South Africa issues first crypto licence to Luno, 59 other companies

1inch Card: Bridging Traditional Finance And Web3

Why PUPS (Ordinals) Is Up By Over 50% In 24H

Binance Labs Boosts Bitcoin Utility with BounceBit Investment

BTC Reclaiming Trend Support: Is it a Fakeout or a Continuation into the Bitcoin Halving?

MASA Token Sets Record-Breaking Sale with Personal AI Data Network Launch

Join our free newsletter for daily crypto updates!