Dogecoin (DOGE) price experienced unprecedented levels of volatility. Developed as an internet joke, DOGE has seen a price movement of 1.014 percent in the last 24 hours.
Following the event held on the social platform Reddit to increase the GameStop share price traded on traditional exchanges, the famous crypto currency also attracted great interest.
There was an explosion in the amount of messages sent about Dogecoin via Twitter within 24 hours. Crypto data provider The TIE reported that Dogecoin’s Twitter volume increased by 1.787 percent on Thursday. told. Over 90 thousand tweets were sent about DOGE in a 24-hour period.
Data shared by TIE revealed that for the first time any altcoin has surpassed Bitcoin in terms of volume.
Dogecoin price change, Twitter message volume and transaction volume chart. Source: The TIE
Dogecoin price increased 10 times
1 hour chart for DOGE / USDT pair. Source: TradingView
On January 28, Dogecoin, which found buyers at the lowest $ 0.0078535 on the Binance exchange, rose by 1.014 percent in 24 hours to hit an all-time high of $ 0.0875000.
In this process, DOGE, which captured more than $ 21 billion in transaction volume, ranked 13th in terms of market value, leaving behind names such as Tezos (XTZ), Monero (XMR) and EOS, according to CoinMarketCap data.
After the summit came a very hard fall
Turkey 28th by the time the night of Thursday, January 29 Friday, January of all time with $ 0.0875000 obtain the highest value of our Dogeco, while preparing to broadcast this news was trading for $ 0.0420646.
As reported by Cointelegraph, the Reddit group, which triggered the highly debated bull market in the shares of US-based consumer electronics company GameStop, seems to have also affected the DOGE price.
A Twitter user named WSB Chairman who took part in the mentioned event shared the following post about DOGE:
Has Doge ever been to a dollar?
— WSB Chairman (@WSBChairman) January 28, 2021