Dogecoin Volume Skyrockets 100%, Outperforming Market Dip

Despite a broader cryptocurrency sell-off, Dogecoin’s trading volume surged significantly this week, reaching an impressive 102% increase over the past 24 hours. Trading activity has doubled to $3.36 billion, according to CoinMarketCap data. This surge is even more remarkable considering the recent drop in prices for Dogecoin and other cryptocurrencies. This follows a three-day climb that peaked at $0.242 on August 17th. Though trading volume has increased, Dogecoin’s price remains relatively stable between $0.21 and $0.255.