- The trading volume of DOGE raised from $74 to $995.
- At beginning of 2021 Dogecoin (DOGE) price was just $0.004.
- DOGE represented 1.2% of the quarterly crypto volume.
The trading volume of Dogecoin (DOGE) has raised from $74 per day to $995 nearly $ 1 million per day in the second quarter according to the exchange Coinbase. Dogecoin (DOGE) transactions volumes shoot up 1,250% between April and June.
Moreover, at the beginning of 2021 Dogecoin (DOGE) price was just $0.004 and observed its first rise of the year in early February when the price increased 50% when the CEO of Tesla, Elon Musk launched his shilling campaign on Twitter in favor of the meme coin.
Accordingly, this tremendous increase pulled the attention of listings on leading crypto exchanges. That includes Binance, Winklevoss twins-owned Gemini, and self-acclaimed democratized trading platform, Robinhood.
More so, Tesla CEO, Elon Musk is keeping working with developers in improving Dogecoin’s network. He giving the developers instructions on how to go about the upgrade. Elon Musk took a swipe at Bitcoin and Ethereum noting that they were nowhere near Doge’s higher throughput and fewer gas fees.
In addition, according to the data from Coinbase, it observed the second quarter also saw global cryptocurrency trading volume raised by 32% overall, over $19 billion worth of digital belongings changing constantly. The Coinbase data suggested that Dogecoin (DOGE) represented over 5% of combined crypto volume during the second quarter (Q2).
Furthermore, as DOGE performing high to break previous records, Elon supports the token in gaining momentum. The billionaire has changed his profile picture to another of himself wearing Shiba Inu-themed aviators.
According to CoinGecko’s quarterly report, nearly $81 billion of digital belongings were traded daily during Q2. Also indicating DOGE represented 1.2% of the quarterly crypto volume.
