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<a href="https://www.newsbtc.com/dogecoin-2/dogecoin-rally-intensifies-eyes-set-on-historic-new-highs/" rel="nofollow noopener" target="_blank">Dogecoin</a> has scored a new milestone by becoming one of the top-traded cryptocurrencies on a major cryptocurrency exchange in Korea.&nbsp; 
<h2 id="south-korean-markets-embrace-dogecoin">South Korean Markets Embrace Dogecoin</h2> 
In a clear testament to <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-holder-base-record/" rel="nofollow noopener" target="_blank">Dogecoin’s soaring popularity and interest</a> in global markets, the cryptocurrency has recently claimed the title of the second most traded crypto asset on <a href="https://coinmarketcap.com/exchanges/upbit/" rel="nofollow noopener" target="_blank">Upbit</a>, South Korea’s leading crypto exchange. This development marks a significant step for the doggy-themed cryptocurrency, which has been <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-open-interest-record/" rel="nofollow noopener" target="_blank">witnessing a significant bullish trend</a> in recent months.&nbsp; 
On the crypto exchange, Dogecoin had notably surpassed prominent cryptocurrencies like <a href="https://bitcoinist.com/ethereums-reputation-takes-a-hit-as-trading-veteran/">Ethereum (ETH)</a> and meme coins like <a href="https://bitcoinist.com/shiba-inu-692-billion-shib/">Shiba Inu (SHIB)</a>, in terms of trading volume. The surge in trading activity has effectively put the spotlight on Dogecoin, potentially reshaping its former title as a meme coin based on a joke, into a highly sought-after cryptocurrency with a robust ecosystem and community.&nbsp; 
Currently, Upbit lists about 192 cryptocurrencies and offers over 300 trading pairs. The exchange has successfully grown into a prominent crypto platform since its inception in 2017.&nbsp; 
Dogecoin’s achievement in becoming the second most traded cryptocurrency on Upbit underscores the coin’s growing popularity in Korea. As South Korea continues to <a href="https://bitcoinist.com/south-korea-fiu-crypto-regulatory-landscape/">solidify its position as a burgeoning crypto hub</a>, DOGE is set to elevate its prominence further to gain widespread adoption in the country.&nbsp; 
Possibly aiming to extend its services to the vast pool of potential <a href="https://bitcoinist.com/south-korea-tightens-om-crypto-regulations-incoming/">crypto users in South Korea</a>’s 51.63 million population, Dogecoin is positioned for immense growth within this rapidly developing market&nbsp; 
<h2 id="bitcoin-secures-top-spot-in-crypto-exchange">Bitcoin Secures Top Spot In Crypto Exchange</h2> 
While <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-major-roadblock/" rel="nofollow noopener" target="_blank">Dogecoin</a> has secured the second position as the most traded cryptocurrency on <a href="https://bitcoinist.com/upbit-fake-apt-tokens-wreak-havoc-in-south-korea/">Upbit</a>, Bitcoin has easily dominated the doggy-themed meme coin, emerging as the number one traded cryptocurrency on the exchange. <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-resumes-upside-why-btc-could-soon-hit-new-ath/" rel="nofollow noopener" target="_blank">Bitcoin</a> has been on a steady momentum since the beginning of the year, surging to new all-time highs and growing in trading volume daily.&nbsp; 
Although Bitcoin remains the world’s most popular and globally accepted coin, Dogecoin’s prominence on Upbit was an unprecedented milestone. The rapid growth of the doggy-themed cryptocurrency presents a potential opportunity to take first place, possibly surpassing even Bitcoin.&nbsp; 
Unlike Bitcoin, which requires <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-eclipses-72000-5-major-factors/" rel="nofollow noopener" target="_blank">significant financial investments</a> before it can be acquired, Dogecoin offers a more attractive investment avenue with its <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-price-breaks-new-3-year-high-here-are-factors-that-could-drive-the-price-to-1/" rel="nofollow noopener" target="_blank">lower price</a> per coin, enabling investors globally, particularly in South Korea to easily trade the token.&nbsp; 
At the time of writing, the <a href="https://www.newsbtc.com/analysis/doge/dogecoin-price-support-0-1220/" rel="nofollow noopener" target="_blank">price of Dogecoin</a> is trading at $0.1952 per token, reflecting a price increase of $4.23% over the past seven days, according to CoinMarketCap.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/O1jUr2IO/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530">

The Stats Are In: Dogecoin Beats Out Ethereum, Shiba Inu To Become Second Most Traded Coin

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