In the midst of the mixed cryptocurrencies market, Dogecoin (DOGE) managed to skyrocket tripling its price against both the USD and Bitcoin (BTC) over the past two weeks. Now, the 20th cryptocurrency in the world by market capitalization, Dogecoin (DOGE) is going to the Moon, and it turned into the “envy of the crypto world,” as Kevin Rooke said.
Also, it’s evident that Dogecoin (DOGE) outperformed the top cryptocurrencies in the market over the last week as DOGE surged by 15.28% in the past seven days alone.
At the moment of this writing, Dogecoin (DOGE) trades at $0.60, recording a slight drop of about 4% in the last 24 hours. However, that’s in trend with the rest of the top cryptos, as only Bitcoin (BTC), Tether (USDT), Ehtereum Classic (ETC), and Tezos (XTZ) recorded increases among the top-20 coins by market cap.
Also, as I’ve already mentioned, Dogecoin (DOGE) is still the 20th cryptocurrency in the world with a market capitalization of $692,660,095.
Kevin Rooke thinks Dogecoin (DOGE) became the “envy of the crypto world”
Yesterday, September 10th, an appreciated Canadian cryptocurrency enthusiast and analyst, Kevin Rooke, used his skills to analyze the recent Dogecoin (DOGE) surge.
“2017, ‘Dogecoin is a joke.’ 2018, Dogecoin (DOGE) is making your cryptocurrency look like a joke,” said Kevin Rooke on Twitter.
“Dogecoin may have started as a joke, but their community is now the envy of the crypto world,” added Rooke.
Also pointing out the 24hr “Adjusted Tx Volume (USD),” Rooke revealed that Dogecoin (DOGE) volume is “3x that of Bitcoin Cash (BCH), 8x Litecoin (LTC), 13x Dash (DASH), 35x Decred (DCR), and 41x Bitcoin Gold (BTG).”
Even though DOGE is commonly used for microtransactions, its trading volumes yesterday ranked on the third place, being surpassed only by Bitcoin (BTC) and Ethereum (ETH).
We can’t say for how long the Dogecoin (DOGE) would surge, but, for the time being, the so-called “crypto-joke” makes other bigger cryptocurrencies look like a joke.