Things didn’t transpire during Dogeday. However, two weeks after the value of dogecoin (DOGE, +13.08%) fell to 69 cents, Doge users set their sights on April 20, also known as 4/20 or National Stoner Day.
According to Messari, DOGE stock is up 13,611% in one year and then followed by 1017% in 30 days. This revenue continues the remarkable growth of meme-based cryptocurrencies. As of this writing, Dogecoin is now known as the fourth most valuable cryptocurrency in the market.
The cryptocurrency represented by Shiba Inu which has been changing hands at around $0.66. This was after hitting an all-time high of around $0.696 at 05:00 UTC on Wednesday. The data from CoinDesk 20 shows, that in the last 24 years, it was found to have grown by more than 38% during that period.
According to a report made by Galaxy Digital Research on Tuesday, “Dogecoin: The Most Honest S**tcoin.” The Doge project appears to have a very visible, strong foundation. However, strong power is enough to support its own growth.
Galaxy Digital analyzes various metrics along the chain to see how popular cryptocurrencies are. It also indicates the rising popularity among users.
Alex Thorne, who leads Galaxy Digital, stated that more than 3.6 million addresses contain some DOGE, with about 60% of them having to move in 2021. Galaxy Digital focuses on company research.
DOGE is becoming more popular
DOGE has been outperforming XRP (XRP, + 2.30%) as the fourth largest cryptocurrency by market cap on Messari and CoinMarketCap.
According to Messari, DOGE is currently worth about $84.2 billion as a whole and XRP is about $55.9 billion, ranking sixth. By comparison, Bitcoin (BTC, +2.47%) remains at the top with a market cap of over $1 trillion.
According to this indicator, Dogecoin is now more valuable than FedEx. FedEx is known to be the US international shipping service.
This year, user project growth and adoption were based on a variety of angles. Multi-asset brokerage platform eToro added cryptocurrency support on Monday following strong customer demand. Gemini followed, announcing the coin’s listing on Tuesday.
For the moment, companies like Tesla’s Elon Musk and billionaire investor Mark Cuban continue to hit the price tag and highlight what Galaxy Digital has been calling a great project.
As Musk’s lineup sets for a Saturday Night Live this weekend. With this, there is a possibility that the price of the coin he was trying to prank will rise further. Musk reveals that DOGE nurtures one way or another while the show is ongoing.
Galaxy’s Thorn: “People love a good joke.”
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