Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

Dogecoin (DOGE) trading volumes hit billions of dollars in 2021

by BNP
July 21, 2021
in Exchanges News
0
Share on FacebookShare on Twitter


Knowledge compiled by Coinbase reveals that Dogecoin (DOGE) buying and selling volumes surged 1,250% within the second quarter of 2021, as reported by Enterprise Insider.

Throughout this era, the American cryptocurrency trade platform recorded a median of $995 million in Dogecoin buying and selling day by day. 

Virtually $1 billion value of Dogecoin altering palms day by day

The crypto’s common day by day quantity was $74 million through the first quarter of the 12 months, which means the metric witnessed a staggering 13-fold enhance between April and July.

The meme token began the 12 months modestly at round $0.004 however witnessed an enormous rally, hovering greater than 15,000% to above $0.70 in Might.

Tesla CEO, who has been shilling Dogecoin on Twitter since February, escalated the meme token’s recognition, which received listed on main exchanges, together with Gemini eToro and Coinbase, later on this 12 months’s second quarter.

Following the downward market pattern, Dogecoin skilled important losses since its all-time excessive at $0.75 on Might 8, falling 78%. 

All the crypto market witnessed loads of motion through the turbulent second quarter as the worldwide cryptocurrency buying and selling quantity elevated by 32%, in accordance with knowledge from Coinbase, which suggests Dogecoin accounted for greater than 5% of the mixed encryption quantity.

Musk’s most up-to-date shilling marketing campaign efforts

Musk’s behavior of displaying his assist for Dogecoin lingers, whereas serving to the meme token to stay within the focal point. 

Over the weekend the dogecoin-touting Tesla CEO modified his Twitter profile image to a picture of him sporting sun shades reflecting a Shiba Inu canine.

“Lil X is hodling his Doge like a champ. Actually by no means mentioned the phrase “promote” even as soon as,” mentioned Musk in a tweet as his most up-to-date shilling marketing campaign efforts affected the token’s value as soon as once more.

Lil X is hodling his Doge like a champ. Actually by no means mentioned the phrase “promote” even as soon as!

— Elon Musk (@elonmusk) July 17, 2021

After a brief 18% pump, the token’s value received corrected and at the moment resides at about $0.16.

Get an edge on the cryptoasset market

Entry extra crypto insights and context in each article as a paid member of CryptoSlate Edge.

On-chain evaluation

Worth snapshots

Extra context

Be part of now for $19/month Discover all advantages

Like what you see? Subscribe for updates.





Source link

ShareTweetPin

Related Posts

ApeCoin’s on-chain metrics point to local top following 78% climb over 6 weeks – Santiment

by BNP
February 1, 2023
0

ApeCoin could have hit an area high after a gentle climb of 78% over the previous six weeks, based on...

HSBC seeking new product director to steer tokenization efforts

by BNP
February 1, 2023
0

HSBC introduced Jan. 30 that it's seeking to rent a product director to spearhead its new “tokenization efforts.” In keeping...

Celsius publishes eligible users’ list for withdrawals

by BNP
February 1, 2023
0

Bankrupt crypto lender Celsius printed the identify of its customers who're eligible to withdraw 94% of their property from its...

$588M worth of unlocks scheduled for February

by BNP
February 1, 2023
0

Token unlocks are scheduled for February will launch $588.4 million value of tokens into circulation, in response to information from...

Rally’s RLY token tanks 10% as sidechain shuts down – severing users’ from their NFTs

by BNP
February 1, 2023
0

Ethereum-based (ETH) social token platform Rally mentioned its sidechain would shutter operations on Jan. 31, and customers could be unable...

UK plans “robust” rules for crypto exchanges

by BNP
February 1, 2023
0

The UK’s finance ministry is planning to unveil in depth cryptocurrency regulation throughout the subsequent day, in response to a...

Load More
Next Post

Green energy crypto mining ETF launches on New York Stock Exchange

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%