Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

DOGE Gains $8 Billion In-flow in 24hr, Flipping ADA by Market Cap

Cryptocurrency Oct 30, 2022 05:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
DOGE Gains $8 Billion In-flow in 24hr, Flipping ADA by Market Cap
 
ETH/USD
+4.84%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ADA/USD
+5.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DOGE/USD
+0.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
pDOTn/USD
+6.37%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • The market cap of Dogecoin has surpassed that of Cardano by $4 billion.
  • The meme coin is worth $0.1351 after gaining 130% in seven days.
  • Six weeks back, DOGE traded at a measly $0.06156, with a market value of $8 billion.

After Elon Musk’s last week’s takeover of the social networking platform Twitter, investor appetite for the most popular meme token has skyrocketed significantly.

Data available on the market tracking website CoinMarketCap shows that Dogecoin (DOGE) has flipped Cardano (ADA) to become the eighth most prominent cryptocurrency in the world by market capitalization.

The meme coin currently trades at $0.1351, with over 60% appreciation in the previous 24 hours, putting its seven-day cumulative performance above 130%. Exactly six weeks ago, Coin Edition reported that DOGE had surpassed Polkadot (DOT) to be the tenth-largest cryptocurrency by market share. At the time, DOGE traded at a measly $0.06156, with a market value barely above $8 billion.

Interestingly, current data from the market shows the DOGE meme token gained over 100% of its value in a month. The current market value of DOGE and ADA are over $18 and $14 billion, respectively, with DOGE leading by over four billion. Notably, DOGE claimed the $4 billion increase over Cardano within 24 hours.

Another interesting fact is that the trading volume of DOGE over ADA within the last 24 hours is over 140% apart. While nearly $15 billion worth of buying and selling happened with the meme token, ADA’s 24-hour trading volume is below $1 million. Nonetheless, the Cardano token’s performance within the previous seven days has been impressive, with over 19% gains.

The crypto market, in general, has been bullish since last week, with BTC gaining over 9%. Ethereum (ETH) was the second-best performer in the market after DOGE, with over 25% in seven days. Ethereum is worth $1,635, the highest value seven weeks after its blockchain migrated to the efficient proof-of-stake consensus.

The post DOGE Gains $8 Billion In-flow in 24hr, Flipping ADA by Market Cap appeared first on Coin Edition.

See original on CoinEdition

DOGE Gains $8 Billion In-flow in 24hr, Flipping ADA by Market Cap
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email