New data from the market intelligence platform IntoTheBlock shows that the daily trading volume of Dogcoin (DOGE) surged in May.According to this encryption analysis company, the daily trading volume of popular meme assets with dog themes surged by an astonishing 8220% last month, reaching a peak of over 2 million, setting a new historical high
New data from the market intelligence platform IntoTheBlock shows that the daily trading volume of Dogcoin (DOGE) surged in May.
According to this encryption analysis company, the daily trading volume of popular meme assets with dog themes surged by an astonishing 8220% last month, reaching a peak of over 2 million, setting a new historical high.
No, there's no problem with this chart. The daily trading volume of Dogcoin has increased by 8220% this month, from around 25000 last Saturday to a peak of 2.08 million
Earlier this month, the blockchain tracker BitInfoCharts found that after the introduction of the DRC-20 standard on May 9th, the number of transactions by DOGE exceeded that of the leading digital asset Bitcoin (BTC) by market value.
The DRC-20 standard is similar to the BRC-20 standard of kingcrypto and is a set of rules that developers can use to create tokens on the DOGE blockchain. They are not used as currency, but rather represent ownership of assets.
At that time, the trading volume of memecoin increased from 48547 to 456491. Just a few days later, the number jumped to 628209 and then dropped to 88453. However, on May 17th, this number soared to 1.1 million.
At the time of writing, the trading price of Dogcoin was $0.72, which has slightly increased in the past 24 hours.
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