Since the beginning of Q3, the crypto market has shown significant growth, with Dogecoin especially standing out for its notable price increase.
Dogecoin Shows Strong Growth
Dogecoin surged 49.59% in the past 24 hours, reaching $0.4248. Its trading volume grew 50.20%, surpassing $27.96 billion, while its market cap rose by 51% to $62.62 billion. Financial experts believe that if the bullish trend continues, Dogecoin could surpass its all-time high of $0.7376. Over the past week, Doge's price increased by 154%, and in the 30-day period, it rose by 282.30%.
Memecoin Market Eyes $200 Billion
The memecoin market has seen unprecedented growth since the beginning of the year. Analysts argue that its market capitalization will soon cross the $200 billion mark. Dogecoin leads with a 53.62% share, followed by Pepe at 23.30% and Shiba Inu at 17.42%. Other memecoins in the spotlight include Dogwifhat, DOGS, Floki, and Bonk. Dogecoin is the only memecoin among the top 10 cryptocurrencies by market capitalization.
Crypto Market Price Updates
The cryptocurrency market capitalization reached $3 trillion, adding over 5.50%. Intraday trading volume reached $335.16 billion, showing growth over 45%. According to TradingView, the cap grew by 33% in the past week and 85% year-to-date. Bitcoin's price remains bullish, influenced by intense buying and other factors. In the past 48 hours, BTC added roughly 18% to its price, with trading volume reaching $146.60 billion.
The cryptocurrency market displays impressive growth metrics, significantly attributed to memecoins. Dogecoin and other popular coins continue to capture a substantial market share, underscoring the importance of memecoins in the crypto industry.
