Dogecoin (DOGE) Remains Top Among other Meme Coins

Dogecoin (DOGE) Bounces Back, Gains 6% in Last 24 Hours
  • Dogecoin ranks under the top 10 most actively used smart contracts.
  • Dogecoin remains in the top position among other meme coins.
  • DOGE is the only meme coin other than SHIB to be listed on Korbit

Meme coins are meme-inspired cryptocurrencies that are generally created as a joke. In beginning they are not taken seriously despite falling in the same category as other mainstream cryptocurrencies like bitcoin, their prices have spiked this year. Dogecoin has developed by two engineers based on a popular meme about Shiba Inu, a Japanese breed of hunting dogs. The popularity of Dogecoin (DOGE) has driven the creation of many other meme coins.

Furthermore, Dogecoin, given a great comeback, as enthusiasts on public platforms talk about digital assets. Currently, Dogecoin ranks under the top 10 most actively used smart contracts on the Ethereum chain. Eventually, DOGE faced an increase in the whale’s grabbing the dips.

Even more, Dogecoin remains in the top position among other meme coins by market cap. In fact, Dogecoin rivals Shiba Inu’s continuous attempts to overtake DOGE. But, the space has witnessed Dogecoin increasing from the shadows to compete against SHIB’s legendary rally. The popularity of Dogecoin (DOGE) remains the same, despite its major crash back in mid-year.

Accordingly, as per the smart contracts, activity Dogecoin (DOGE) has made its way to the top 10 most actively used smart contracts on the Ethereum blockchain. DOGE has secured the 7th position among the most interacted smart contracts by the top 1000 BSC wallets.

Moreover, DOGE, the only meme coin other than SHIB to be listed on Korbit, South Korea’s exchange platform. Recently Korbit listed SHIB on its platform. In South Korea, DOGE is the fifth most traded cryptocurrency by trade volume.

Current Market Status

Henceforth, as per CoinMarketCap, Dogecoin (DOGE) was trading at $0.2079 with 24-hour trading volume of $1,607,959,119. At press time, the circulating supply of DOGE is 132.29B DOGE. In the last 24-hour DOGE price surged over 5%.

DOGE Price Chart (Source: CoinMarketCap)

The above 24-hour price chart displays the continuous bullish trend of DOGE. In a day DOGE gained from $0.199 to $0.2079. Therefore, Whatever the up and downs DOGE face it will remain as a king among another meme coin in the industry. Till now, no other meme coin, able to overtake its position.

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