Amid the ongoing buzz around Dogecoin, the meme-coin’s trading volume has increased, exceeding Bitcoin’s figures. Lately, DOGE has seen steady gains that have pushed it up to the 4th largest crypto asset by market cap. The surge in DOGE’s value is fueled by repeated tweets from Tesla CEO Elon Musk. Apart from surpassing Bitcoin’s trading volume, DOGE also exceeded the trading volume of some Forex currencies.
Also, DOGE has been on top of price charts across several Korean crypto exchanges. Some of the largest trading volumes of the meme-coin, globally, occurred on the KUCOIN crypto exchange. The CEO of the South Korean exchange, Johnny Lyu stated in a tweet:
“$DOGE on KuCoin dominating over other pairs for the first time. It seems that all those who wanted to buy DOGE have flocked to KuCoin. The 24h volume of DOGE-USDT has outstripped the BTC-USDT pair twofold from May 5 to May 9. Reaching ATH of $606M.”
Furthermore, Lyu noted that DOGE could be used to complete transactions at cinemas, hotels or cafes in the future. Comparing the token to BTC, the CEO added that “DOGE is more suitable to be futures money for higher supply, lower price and faster transactions.”
At the time of writing, Dogecoin is trading at $0.5629. The coin’s value has increased 47.67% in the last 24 hours and gained nearly 69% in its 24-hour trading volume.
