Bitcoin is the most traded cryptocurrency on Upbit at the moment. Dogecoin is the second most traded cryptocurrency after Bitcoin. Things have transformed significantly in the world of cryptocurrencies.
South Korea has long been a place where people trade cryptocurrencies and come up with new ideas. There is a lively group of buyers and supporters who shape the market.
The digital currency market is an encouraging indication of how trade is going around the world because the country values digital assets.
Dogecoin’s Surprising Market Success
Dogecoin’s rise to second place in Upbit’s trade volume indicates how popular and useful it is becoming. It has been remarkable to see how it has grown from a joke to a genuine contender in the crypto world.
DOGE emerged as a joke, but it has grown exponentially, surprising everyone and getting a devoted following. Dogecoin is worth more than Cardano (ADA), which is worth over $21 billion and comes ninth in terms of market size.
The price of DOGE has been steadily moving upward since it reached a low point of $0.167. In particular, Dogecoin noticed a 9% rise before losing some of those gains. DOGE has moved upwards by 3.35% in the last 24 hours, reaching $0.204.
Its daily high was $0.21.If Dogecoin ends the day in the green, it would be the third day in a row that it has gone up.
According to information from IntoTheBlock, the value of all joke coins has almost tripled in 2024, with Dogecoin’s value doubling so far.
This rise, called the meme coin season, has made meme coins worth more than $56 billion. Meme coin demand hit its best level since 2021 in the last quarter, when interest truly took off.
