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Home»BITCOIN NEWS»According to statistics: Dogecoin has become the second most traded coin, surpassing Ethereum and Shiba Inu.
BITCOIN NEWS

According to statistics: Dogecoin has become the second most traded coin, surpassing Ethereum and Shiba Inu.

By Crypto FlexsApril 9, 20243 Mins Read
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According to statistics: Dogecoin has become the second most traded coin, surpassing Ethereum and Shiba Inu.
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Dogecoin It has set a new milestone by becoming one of the most traded cryptocurrencies on major domestic cryptocurrency exchanges.

Korean Market Accepts Dogecoin

In a clear will Dogecoin’s Soaring Popularity and Interest In global markets, cryptocurrencies have recently become the second most traded cryptocurrency asset in the world. Upbeat, Korea’s leading cryptocurrency exchange. This development marks a significant step forward for dog-themed cryptocurrencies. Witnessing a significant bullish trend In recent months.

On cryptocurrency exchanges, Dogecoin has noticeably outperformed the following major cryptocurrencies: Ethereum (ETH) And things like meme coins. Shiba Inu (SHIB), in terms of trading volume. The surge in trading activity has effectively catapulted Dogecoin into the spotlight, potentially reshaping its previous title as a joke-based meme coin into a very popular cryptocurrency with a strong ecosystem and community.

Currently, Upbit lists approximately 192 cryptocurrencies and offers more than 300 trading pairs. The exchange has successfully grown into a prominent cryptocurrency platform since its founding in 2017.

Dogecoin’s performance of becoming the second most traded cryptocurrency on Upbit highlights the coin’s growing popularity in South Korea. Korea continues to Solidifying its position as a fast-growing cryptocurrency hubDOGE plans to further enhance its reputation for widespread adoption in the country.

Perhaps it aims to expand the service to its vast potential. Cryptocurrency users in KoreaWith a population of 51.63 million, Dogecoin is positioned for tremendous growth within a rapidly developing market.

Bitcoin secures top spot on cryptocurrency exchanges

while Dogecoin It ranks second as the most traded cryptocurrency. UpbeatBitcoin easily took over the dog-themed meme coin to become the most traded cryptocurrency on exchanges. Bitcoin It has maintained steady momentum since the beginning of the year, hitting all-time highs and increasing daily trading volume.

Although Bitcoin remains the world’s most popular and globally accepted coin, Dogecoin’s rise to prominence on Upbit was an unprecedented milestone. The rapid growth of dog-themed cryptocurrencies offers a potential opportunity to take first place, surpassing even Bitcoin.

Unlike Bitcoin significant financial investment Before being acquired, Dogecoin offers more attractive ways to invest: cheaper price Per Coin, we make it easy for investors around the world, especially those in Korea, to trade tokens.

At the time of writing, Dogecoin price According to CoinMarketCap, it is trading at $0.1952 per token, reflecting a 4.23% price increase over the past seven days.

DOGE price recovers amid trading frenzy | Source: DOGEUSDT on Tradingview.com

Featured image from Finbold, chart from Tradingview.com

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