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**71,190,773 Million Dogecoin (DOGE) in 24 Hours, What’s Happening?**
A staggering 71.19 billion Dogecoins (DOGE) were traded in just 24 hours, sparking curiosity about the sudden influx of capital into the cryptocurrency market. This massive trade volume has caught attention as it could signal a significant shift in DOGE’s market trajectory.
Recent events suggest that this surge is not an isolated incident. The cryptocurrency has been on a steady upward trend since the beginning of April, with its market cap increasing by over 7%. This growth can be attributed to various factors such as ecosystem development and the adoption of DOGE in Europe.
In addition to these positive indicators, the listing of Dogecoin exchange-traded product (ETP) on the SIX Swiss Exchange has boosted investor confidence. As reported by U.Today, this move signals that institutional investors are now actively participating in the cryptocurrency market.
The market capitalization of DOGE has risen from $22.47 billion to its current level of $23.34 billion. This increase could be a turning point for the coin as it faces an imminent threat from Tron flipping it in market cap ranking.
Source: https://u.today/71190773-million-dogecoin-doge-in-24-hours-whats-happening
