Main navigation

Dogecoin Large Transactions Increase by 10% Amid Market Dip

Advertisement
Thu, 2/12/2021 - 15:02
Dogecoin Large Transactions Increase by 10% Amid Market Dip
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Dogecoin's large transactions have increased by 10% in the past 24 hours, according to on-chain metrics from IntoTheBlock crypto analytics. The cryptocurrency market is experiencing a dip at the moment as Bitcoin and the majority of tokens record slight losses.

Charts

Courtesy: IntoTheBlock-Charts

Large transactions track transfers that are $100,000 or more, and an increase in these metrics serve as a proxy for whales and institutions. It also provides insight into their potential investments.

Advertisement

Doge Chart

DOGE Large Transaction Chart, Courtesy: IntoTheBlock

Dogecoin transactions are on the rise as Binance fully opens withdrawals of Dogecoin after the technical glitch that spurred a heated back and forth between Elon Musk and the Binance CEO.

Users of the world’s largest cryptocurrency exchange, Binance, had suffered inconveniences when Dogecoin withdrawals were interrupted on Nov. 27, 2021.

Dogecoin, the meme coin created as a joke in 2013, presently ranks as the 10th largest and is marginally up in the last 24 hours. Dogecoin has gained nearly 6,300% in the past year, according to CoinGecko. The global cryptocurrency market cap was down 1.5% at $2.74 trillion as of press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD