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Home Markets Cryptos

Dogecoin up 168%, more valuable than Polkadot, Cardano

Olumide Adesina by Olumide Adesina
April 16, 2021
in Cryptos, Markets
Dogecoin gains 50% in less than 24 hours, highest single-day gain since 2017
Share on FacebookShare on TwitterShare on Linkedin

Dogecoin (DOGE), once again, shocked traders, investors and many crypto analysts by gaining over 200% to flip Cardano and Polkadot, becoming the sixth most valuable crypto asset by market value.

The fast-rising crypto at the time of writing traded at $0.359439 with a daily trading volume of $63.5 billion.

Dogecoin is up 167.95% for the day on the FTX exchange. The dog meme crypto is now the 6th most valuable crypto with a market value of $46.4 billion.

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READ: Bitcoin miners are consistently earning $50 million daily

Recent data from Coinmarketcap reveal it has a circulating supply of 129,210,007,256 DOGE coins and the maximum supply is not available.

Market pundits argue that the credence of the world’s leading billionaires might have given the fast-rising crypto enough support amid the recent price correction ongoing in the flagship crypto market. These two individuals are Elon Musk and Mark Cuban.

A leading crypto social analytic firm revealed the altcoin has the highest number of activities in the past 18 hours and social mentions of over 410, 0000, thereby making it the most popular crypto on social media.

READ: Crypto market surges above $2 trillion, as Bitcoin stages a huge comeback above $60,500

$DOGE with the #1 AltRank™ for 18 hours in a row and nearly half of the last seven days.

24-Hour Activity
💎211.0% price change
💎410,051 social mentions
💎812,992,765 social engagementshttps://t.co/BAyITJB6v2 #dogecoin pic.twitter.com/reokxcJ06K

— LunarCrush (@LunarCrush) April 16, 2021


Follow us for Breaking News and Market Intelligence.
Tags: CardanoDOGEDogecoin
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 3

  1. Geoffrey Akueche says:
    April 16, 2021 at 5:15 pm

    Good evening Olumide. Please, how can I become part of of this Bitcoin Owner from a humble perspective

    Reply
    • Suzanne `Oyebola says:
      April 16, 2021 at 7:25 pm

      Hello Geoffrey,
      Thank you for your enquiry. What exactly would you like to learn about Bitcoin?

      Reply
      • Ade says:
        May 6, 2021 at 9:07 pm

        how to buy the cryptocurrency now trough my bank account or fintech account, now that CBN have decided to ban the business

        Reply

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