Daily Dogecoin volume soared to nearly $1B during Q2
DOGE is estimated to have represented up to 5% of all crypto volume during the second quarter of 2021. Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily.According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter.By comparison, Dogecoin’s average daily volume for the first quarter was $74 million.Dogecoin started the year priced at just $0.004 and saw its....
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CryptoDickButts (CDB) floor price has skyrocketed with the overwhelming support from popular influencers. CDB soared on Sunday, outpacing other well-known NFT collectibles with significant volume. CDB was able to land the 6th spot for the largest daily trading volume for NFTs on OpenSea. As of this writing, CryptoDickbutts has soared by a whopping 690% or roughly 290 ETH equivalent to around $495,000 surpassing leading NFT projects such as Art Blocks, Cool Cats, and Goblintown. CDB’s trading volume has remarkably increased by over 135% in the last seven days. The CryptoDickbutts is the....
As the price of DOGE surged eight-fold within a day, the volume of Dogecoin surpassed Bitcoin's on Binance. Dogecoin (DOGE) briefly surpassed Bitcoin (BTC) in daily volume on Binance at over $5 billion on Jan. 29. This is a first for Dogecoin, and it happened as the price of DOGE surged around eight-fold overnight from $0.012 to over $0.08.DOGE/USDT 15-minute price chart (Binance). Source: TradingView.comWhat was behind the craze around DOGE?The meteoric rally of DOGE was fueled by posts and tweets from WallStreetBets traders on Twitter and Reddit. In fact, the tweet volume also soared to....
Altcoins soared higher as Bitcoin price reclaimed $33,000 as support just one day before a record $4 billion BTC futures expiry. Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000 to its current value of $33,400, an increase of 9.5%. Daily cryptocurrency market performance. Source: Coin360The most notable gainer of the day was Dogecoin (DOGE) which surged more than 200%. The popular....
Yes, you read that right! The daily volume in the Bitcoin-yuan pair on the leading Chinese Bitcoin exchange BTCC has soared to more than double what the volume was in the past 6 months. During this period, the price of the pair first reached a stratospheric valuation of 3,340 and then immediately tanked to 1,810. The volume in the subsequent recovery has been strong, as well. The level has quickly recovered to 2,609, and the bulls look formidable. Image. Take a look at the daily BTC-CNY price chart above. For the period spanning mid-May to early November, neither the rallies nor the....
Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the biggest meme crypto, on-chain data points to the crypto losing steam among whale investors. According to data from IntoTheBlock, the number of Dogecoin transactions valued at $100,000 or more has declined sharply over the past few months. Data also shows that the number of daily transactions has been on a steady decline since May. Related Reading: Here’s How Sam Bankman-Fried Allegedly Used Customer Funds On Alameda Research Dogecoin Whale....