Though it has yet to hit its ambitious goal of , Dogecoin (DOGE) has whipped crypto investors into frenzy with its movement on the radar lately. Crypto analytics platform IntoTheBlock recently dealt out positive reports when the WTD (week-to-date) accumulation of Dogecoin shot up. The amount of large transactions (exceeding in cap) correspondingly increased, going up from 770 to 1,300 over a single week-long period. Assisted by the ardent Dogecoin community, market stability emerged throughout an overly tumultuous time as numbers stayed upbeat even with discouragement signified from a broader slump. Verdict as per press-time reported price at with a minor 1.36% upside added over a mellow period. Additionally, a 43% spike in traded volume adds jelly to this metaphorical slice of Do-Ge-cake.
And herein lies the true benefit of Dogecoin over the prioritizes analogous sources such as Bitcoin (in this case recently ousted from Tesla). With investors, whales, and Neo-bear fans all rowing the same boat, Dogecoin’s intrinsic value persists in appreciating in small albeit incremental ways over the long-term seemingly unstoppable due to the application of such philanthropists, adherents and out-the-box cunning investors like iconic figurehead Elon Musk.
