[ad_1]
August 16, 2021 07:55 UTC
| Update:
August 16, 2021 07:55 UTC
The value of the infamous Dogecoin is moving north again, rising by 17% in the past 24 hours and by 32% in a week. Currently, the hashtag #dogecointo1dollar has been popular on social media platforms such as Twitter, Tiktok, and Facebook. At the same time, the value of various meme-based digital assets that use Shiba Inu as a reputation or brand has also seen important growth.
Dogecoin surged 17% this weekend, supporters shine on social media
When programmers Billy Marcus and Jackson Palmer launched the Dogecoin (DOGE) network on December 6, 2013, they never expected that crypto assets based on memes would grow so wildly. In fact, the dog-inspired Shiba Inu cryptocurrency, made as a joke 7 years and 8 months ago, is currently an economy worth 44.42 billion U.S. dollars.
On Sunday, August 15th, supporters of Dogecoin gathered on Tiktok, Twitter and Facebook with the hashtag #dogecointo1dollar. At the time of writing, the hashtag trend on Twitter has thousands of tweets mentioning it.
The same factor was mentioned about Tiktok, where individuals who mentioned the hashtag #dogecointo1dollar had 8.2 million views. Only more than 1,000 personal profiles on Facebook are also using the #dogecointo1dollar hashtag.
The Google trend spike originated in Turkey, the Turkish lira ordered a high 5 Dogecoin union, and Meme-Currency continued to fall by 53% from an unparalleled high.
Global statistics from Google Trends (GT) queries show that the search term “Dogecoin” surged significantly between Saturday and Sunday. Turkey has always been a leader in GT information, followed by the United States, Canada, the Netherlands and Singapore.
The Watford Football Club’s story explains how Premier League football players wear the Dogecoin logo, which is currently the most popular subject matter related to the search term “Dogecoin”, consistent with Sunday’s GT statistics.
The transaction price of DOGE is approximately US$0.339 per unit, and the global trading volume on Sunday is approximately US$6.4 billion. The most important trading combination with DOGE today is Tether (USDT) because it accounts for 69.8% of all Dogecoin swaps. Followed by the US dollar (11.49%), BUSD (5.75%), BTC (5.40%) and TRY (3.51%).
Interestingly, the relationship between DOGE and the Turkish Lira has lasted for several months, and TRY has always been the top five combination with DOGE in this era.
According to data from bitinfocharts.com, the price of each transaction on the network is 0.0056 DOGE per byte, which is equivalent to 2.11 DOGE (0.714 US dollars) per transaction. Today, on-chain indicators show that Dogecoin has completed approximately 17,900 transactions in the past 24 hours.
On Sunday, August 15, the hash rate of the Dogecoin network slipped at a rate of 214.48 tera hashes per second (TH/s). Unlike Bitcoin (BTC) POW (or total workload), Dogecoin’s network proof-of-work (PoW) Scrypt system expects 526 confirmations to be as secure as BTC transactions.
During that time, there were approximately 14,000 Dogecoins per day, and the currency fell by 53% from its unparalleled high (ATH). 3 months ago, the ATH of the crypto-quality Dogecoin (DOGE) was 0.737 USD.
On Sunday night (EDT), a series of different crypto assets based on memes and Shiba Inu brands are following Dogecoin’s market leadership. For example, Shiba Inu (SHIB) rose 11.9% in a week, and polydoge (POLYDOGE) rose 43% in a similar time period. DOGE has risen by 98.30% in the last month, and its value has risen by 9,538% in the past 12 months.
Supershiba ($SSHIBA) and shibance tokens (WOOF) have also soared a considerable 40% per coin within a week, but the crypto-quality BABYDOGE has fallen by 21% in the past 7 days.
[ad_2]
Source link
