The dog-themed cryptocurrency Dogecoin has maintained its price increases throughout the course of a 30-day period despite significant market turbulence.
Cryptocurrency assets have seen significant volatility in April, with the majority declining from their recent peaks. The first and biggest cryptocurrency, bitcoin, has dropped 1.5% over the past 30 days and is presently down 15% from its all-time high of about $73,750 reached in mid-March.
The cryptocurrency markets are showing this tendency, with a number of currencies declining over the course of thirty days.
Amid all of this, Dogecoin (DOGE) has shown itself to be a resilient asset, bucking market trends to maintain its gains over the previous month. It is both investors and enthusiasts who have taken notice of this surprising display of power.
https://x.com/intotheblock/status/1780617797866864834
This pattern is highlighted by on-chain analytics company IntoTheBlock, which notes that, with the exception of a few cryptocurrency assets like Dogecoin, dog-themed cryptocurrencies and numerous meme tokens are dropping on a 30-day basis.
This theory is bolstered by a snapshot shared by IntoTheBlock, which shows Dogecoin as one of the few cryptocurrency assets that continues to rise each month while others experience losses.
Dogecoin has decreased 1.7% over the last 24 hours and 24% over the previous seven days, but it has up 11.6% over the last 30 days and is currently trading at $0.1476, according to CoinGecko statistics.
The development team at Dogecoin, which is always striving to make updates and releases that enhance the functionality and security of the cryptocurrency, has a hand in part of the cryptocurrency’s consistent performance. Dogecoin’s will to change has contributed to its continued relevance.
Version 1.0 of Gigawallet, a backend service that offers a straightforward integration API for businesses like online retailers, exchanges, and social media platforms to programmatically transact Dogecoin, was published by the Dogecoin Foundation last month.
By removing the danger and complexity involved in integrating Dogecoin payments into businesses, GigaWallet aims to hasten the acceptance of Dogecoin as a payment alternative.
