Dogecoin (DOGE), the biggest meme cryptocurrency price registered a staggering surge amid market wide sell off. DOGE price jumped by over 4% in the last 24 hours, while, Bitcoin (BTC) shed 3%. Data depicts that Dogecoin turned out to be one of the highest gainers among the top 100 crypto.
Dogecoin price up by 38% in 30 days
Dogecoin prices have been struggling to keep up for a long time now. However, DOGE has managed to perform an impressive comeback by surging almost 38% in the last 30 days. The biggest meme crypto is trading at an average press of $0.081, at the press time. Its 24 hour trading volume is up by a whopping 74% to stand at $2 billion.
According to the data provided by Coinglass, the crypto market has registered a total liquidation of around $200 million in the last 24 hours. However, Dogecoin reported $8.1 million in liquidation. Data depicts that 61% of the total position liquidated turns out to be long positions. This implies that traders were expecting a price surge which indicates a bullish sentiment for DOGE.
Memecoin market cap up
The global crypto market printed red indexes all over the after a week of massive gains. The cumulative market cap declined by more than 2% in the last 24 hours. The digital asset market which stood at $1.25 trillion on November 1, 2023, now has added more than $84 billion to stand at $1.38 trillion, at the press time. However, it touched the $1.40 trillion mark on November 16, 2023.
It is important to note that the ongoing price of Dogecoin has directed the meme coins category to turn green. The cumulative market cap meme coins is marginally up by 1% to stand at $19.1 billion. However, its 24 hours trading volume is up by 56% to stand at $2.9 billion.