Dogecoin (DOGE) will replace Toncoin (TON) following a general meme coin revival.

TL; DR

Dogecoin (DOGE) rose by 8%, over $0.16 and reached a short-term market value of $24 billion, making it the ninth largest cryptocurrency. Key DOGE metrics such as daily transaction volume and active addresses increased, with whales accounting for 63 percent of supply and 86 percent of profit.

DOGE climbs the crypto ladder

The last several hours are there For the digital asset industry, it is more than ready, the global crypto market capitalization has risen to 2.75 trillion dollars (according to CoinGecko data). Several major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Avalanche (AVAX) and others, have risen in the intervening months. Hopes appeared again The US SEC will approve the Ethereum ETF earlier this week.

The meme coin sector has also experienced significant growth, with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk Inu (BONK) and others doing well in the green.

That's the biggest asset Type – DOGE – increased by 8% daily, surpassing the $0.16 mark. Market capitalization rose to $24 billion before rising slightly to $23.6 billion.

Following its recent revival, DOGE has overtaken Toncoin (TON) and is now the ninth-largest cryptocurrency. Ripple's XRP is ranked eighth with a market value of $29.8 billion.

DOGE parameters are increasing.

Important indicators related to the Dogecoin ecosystem are also headed north. According to IntoTheBlock, the total daily volume of each transaction exceeds $100,000; It has passed A mark of 1.5 billion dollars, which represents a 31% increase compared to the figure seen the day before. The number of daily active addresses also rose, albeit more modestly.

Whales currently account for 63% of DOGE's distribution supply, 86% of all Property owners They are sitting on paper profit. The situation was less promising in September of last year, when the entire meme coin sector was in hibernation mode, with more than 50% of Dogecoin investors. to be in the water.

There are many analysts. Believe in the Doge's parade is it. Yet to reach amazing dimensions. Earlier this month, X user Rekt Capital He argued The signal “reversed multi-year resistance to new support,” thus leading to “new macro growth.”

“Macro growth” in the cryptocurrency market It is known A sustained increase in the value of digital assets over an extended period of time, typically months or years. It often coincides with favorable market sentiment, renewed investor confidence and increased adoption rates.