- Daily Dogecoin transactions have surpassed Bitcoin
- Despite its declining popularity, transactions on the Dogecoin network continue to rapidly increase.
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Daily Dogecoin transactions have reached an all-time high (ATH), surpassing Bitcoin (BTC) and Litecoin (LTC)!
DOGE is Leaving BTC and LTC Behind!
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Surprisingly, the leading cryptocurrency Dogecoin’s (DOGE) daily transaction volume has skyrocketed to an all-time high, leaving behind Litecoin’s (LTC) and the most widely accepted cryptocurrency Bitcoin (BTC) transaction volumes.
According to data, the sudden increase in activity on the Dogecoin network is primarily attributed to the increasing token and other asset trends on the blockchain.
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The surprising daily Dogecoin transactions peak at 650,000, overshadowing Bitcoin and Litecoin’s transaction volumes. Some community members attribute the increase in transactions to the growing interest in token mining on the Dogecoin network, which uses the DRC20 standard.
In addition, it is known that Patrick Lodder, a leading Dogecoin developer, predicted the current trend a few days ago, noting that the increase in daily transactions was still significant but had not reached unprecedented levels seen today.
Huge Transactions in DOGE
According to a report, DOGE witnessed a significant increase in on-chain activity this year due to whale transactions and active addresses. The report noted that the DOGE network saw 86.4 thousand active addresses, representing the highest two-day daily active address series since November.
However, DOGE price is trading at $0.072 with a 1% increase today. DOGE price saw a massive increase to $0.10 on April 3 when the Dogecoin logo appeared on Twitter. However, investor interest in DOGE, which regained its popularity, has declined with the recent market downturn and the emergence of new meme coins. DOGE has lost 30% of its value since its peak on April 3.