The popular meme cryptocurrency Dogecoin (DOGE), at the time of writing DOGE is trading close to $0,075. Even so, the memecoin reached a price high of $0,078 and is up more than 9% in the last day.
Currently DOGE is the tenth largest cryptocurrency with a market capitalization of $10,2 billion and is well ahead of Polkadot (DOT). There has also been a sharp increase in trading volume for the coin on major cryptocurrency exchanges.
The cryptocurrency’s trading volume hovers around $1,05 billion in the last 24 hours, up more than 100% from the day before. The biggest volume currently comes from Upbit trading with around $188.914.387 traded in 24 hours.
One of the factors that contributed to the increase in optimism today also includes the reduction of miner reserves and the steady increase of Dogecoin (DOGE) cryptocurrency holders in the long term.
