Dogecoin, the dog-themed cryptocurrency, has been able to keep its price gains over the last 30 days, even though the cryptocurrency market as a whole has been very unstable.
It has been a rough month for cryptocurrencies in April, with many falling from their recent highs. In the past month, Bitcoin, the first and largest cryptocurrency, has lost 1.5% of its value compared to its record high of about $73,750 in mid-March.
Diverse digital investments all show this downward trend, with most losing value over the last 30 days. Unfortunately, Dogecoin (DOGE) has shown extraordinary strength by defying the market’s doubt and maintaining its gains over the past month. This unexpected show of power has caught the attention of investors and fans alike.
On-chain data company IntoTheBlock says that the value of most dog-themed cryptocurrencies and meme tokens has gone down over the last 30 days, but DOGE is an exception.
Supporting this claim, IntoTheBlock gave a screenshot that shows Dogecoin as one of the few digital assets that has gained value over the past month, while others have lost value.
Dogecoin’s Resilience And Innovation
As of right now, at $0.1476, Dogecoin has lost 1.7% in the last 24 hours and 24% in the last seven days, according to CoinGecko data. However, it has managed to rise 11.6% over the last 30 days.
The ongoing development of DOGE is due in part to the fact that its developers are always working on new versions and improvements that will make the cryptocurrency more secure and useful. A significant reason why Dogecoin has stayed useful is its willingness to try new things.
The Dogecoin Foundation just released version 1.0 of Gigawallet, a backend service that makes it easy for companies to handle DOGE transactions. These businesses include online platforms, swaps, and social networks.
By making the process more rapid and lowering the risks, Gigawallet wants to make it easier for businesses to accept Dogecoin as payment.
