DOGE Rises Further Than The Market After 41% Surge In One Week

DOGE rises further than the entire crypto market after a 41% surge in one week showing the meme token is alive and well with also a 12% boost in the price today alone so let’s take a closer look at the price analysis in our Dogecoin news.

Dogecoin has seen some strong value recently with a 41% rise in the past week. It is pumping faster than Bitcoin or Ethereum amidst the wider crypto market surge. DOGE rises further and if you remember, it already surged to an all-time high above $0.73 and lost about 78% of the value in the weeks that followed. It has been a wild 2021 for the leading meme coin but now DOGE is soaring again. Amidst the wider crypto surge that saw the market top $2 trillion in total capitalization for the first time since May as the volatile coin is riding the upwards wave faster than most of its contemporaries. At a price of $0.29 per coin, DOGE is up by 12% in the past day alone.

DOGE increased 41% over the past week and the price hovered right above $0.20 a week ago. Bitcoin increased by about 21% over the past week while Ethereum is surging at a 29% increase. DOGE beat them both when it comes to the short-term gains. DOGE is well off of its ATH and nearly 63% lower as of the time of writing, That’s a larger discrepancy than both BTC and ETH compared to their respective peaks but DOGE has swung harder on the momentum than the rest of the market. It did crash harder than most coins when the overall market crashed in May but it is also seeing a bigger percentage of swings on the way back up in the past few weeks.

DOGE and Shiba Inu both were in the midst of similar upswings on Monday when DOGE increased 27% and SHIB 24%. Doge has increased in value further since then but SHIB kept pace and its seven-day rise sits under 30% but it is up 9% over the past 24 hours. Cardano is one of the bigger winners with the crypto rallying 21% over the past day to $1.86 following the announcement of the impending launch of smart contracts on the platform. Cardano’s price is also up over the week with a 36% rise according to the charts. Polygon-MATIC a layer 2 scaling solution designed to aid with the ETH-based dapps, is also seeing some growth as of late. MATIC’s price is up 22% over the past 24 hours to a price of $1.36 with weekly gains topping 33%.

Source: https://www.dcforecasts.com/dogecoin-news/doge-rises-further-than-the-market-after-41-surge-in-one-week/