Dogecoin Going to Moon! Four Billion DOGE Traded in 24-hours

Dogecoin (DOGE) presented a unique proposal unlike seen when it launched.

Dogecoin (DOGE) started in 2013, coming into the crypto industry when it was still in its infancy. For many crypto users, blockchains weren't meant to be named after a meme and certainly not for "joke" purposes. This attracted holders in their hoards to see what the meme coin could do, but also a lot of skepticism about the volatility DOGE presented. However, curiosity won over, and for a token that wasn't created to have any real-world utility, it recorded an unexpected height- though below the dollar- in 2017.

WhaleStats' analysis of the top 100 Dogecoin holders on the Binance Smart Chain (BSC) indicates a whopping 414% rise in trading volumes as well as a 10% increase in active addresses. This follows as Dogecoin returns among the top 10 purchased tokens for the 100 biggest BSC whales in the last 24 hours. Notably, large transactions, which typically refer to those above $100,000 on the Dogecoin network, were up 17% in the last 24 hours, per IntoTheBlock data.

Dogecoin (DOGE) presented a unique proposal unlike seen when it launched. There wasn't any public sale to boost the coin's worth. Instead, they set a cap of 100 billion coins and told anyone with average computing power to begin mining Doge immediately. It also had a random block reward system until things were fixed to give miners fair chances of earning more.

A renowned crypto trader and analyst, anonymously known as Smart Contracter, believes that dogecoin (DOGE) is all set for a massive bull run. The trader informed his Twitter fanbase of 210,500 that DOGE might be headed towards an enormous bull run, after experiencing a bearish market for several months.