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 stuns the competition by collecting triple-digit gains in 2 weeks
Dogecoin (DOGE) has seen an incredible leap in recent days and it all started when Elon Musk officially took the reins of Twitter. DOGE jumped 116.3% against the US Dollar in the two-week metrics, surpassing gains recorded by crypto asset leaders such as 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 trading volume. As of today’s metrics DOGE has a market cap of $17.5 billion and DOGE has a circulating supply of over one hundred and thirty-six billion.
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 such as Dogelon Mars (Ealon) and Floki (Floki) rose from 31% to 52% over the past week. Today, DOGE is equivalent to 70% of the entire $25 billion meme coin economy, while it also represents 1.587% of the entire crypto economy worth $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.
