The vast crypto market has seen tremendous growth since the beginning of Q3 as per market experts the spike in trading prices of several cryptocurrencies. Dogecoin (DOGE) the pioneer of memecoins has seen staggering growth in the past 24 hours surging 49.59 percent.
At the time of writing, Doge was trading at $0.4248, on the other hand, its trading volume has grown 50.20 percent reaching above $27.96 billion. Similarly, its market capitalization grew roughly 51 percent acquiring $62.62 billion.
Source: CoinMarketCap
The highest-recorded trading price of Doge is $0.7376, finance experts argue that if the bullishness in the price remains unchanged in the coming session it will soon surpass ATH. In the intraday time frame, DOGE/USDT and DOGE/FDUSD remain the most trading pairs on centralized crypto exchanges.
In the past seven days, Doge’s price grew 154 percent and in the 30-day time frame, it added 282.30 percent. At press time its trading prices were above 20, 50, 100, and 200 days EMAs.
Source: TradingView
It is worth noting that the market capitalization of Doge has seen a staggering growth of 175 percent in the past seven days and it added 295 percent in a month. Until publishing its market capitalization it reached new milestones since its launch.
Memecoins Eyeing $200 Billion in Market Capitalization!
The vast memecoins market has seen unprecedented growth since the beginning of this year as per speculation and claims the market is eyeing on broad market share. Dozens of crypto analysts argue that the market capitalization of the memecoin market will soon cross the mark of $200 billion.
In terms of market capitalization, Dogecoin is the topper of the list with a 53.62 percent share followed by Pepe with 23.30 percent, and Shiba Inu contributing 17.42 percent. Several other memecoins that remain in the spotlight this year include Dogwifhat (WIF), DOGS (DOGS), Pepe, Floki & Bonk.
It is worth noting that, Doge is the only memecoin that stands among the top 10 cryptocurrencies with the highest market capitalization; it holds 6th position in the table. In terms of trading price, Doge Killer (LEASH) stands top trading at $342.55, followed by Pepecoin (PEPECOIN) trading at $5.21, Dogwifhat (WIF) at $3.15 and Bellscoin (BELLS).
Crypto Market Price Updates
Until publishing the cryptocurrency market capitalization was $3 trillion adding over 5.50 percent to the whole, a staggering growth in intraday trading has been observed as it reached $335.16B growing over 45 percent.
Source: TradingView
As per the data available from TradingView, the cap grew roughly 33 percent in the past seven days and 85 percent in the YTD frame. At the same time, it was above 20, 50, 100, and 200 days EMA.
Bitcoin price has performed bullishly since the victory of Donald Trump in the recent presidential elections, in the past few days it has constantly broken its all-time high by intense buying and other favoring factors.
In the past 48 hours, BTC price has added roughly 18 percent to its price and in the same time frame, its trading volume grew 87 percent reaching $146.60 billion.
