2021-5-5 17:46 |
Yet again, DOGE has gone parabolic.
Hitting a new all-time high at nearly $0.69, DOGE is up over 140% in the past 7-days ahead of Tesla CEO and “Dogefather” Elon Musk’s appearance on SNL on May 8.
Dogecoin is currently the 4th largest crypto asset with a market cap of $85 billion.
The DOGE FOMO is getting real, which yet again ends up taking Robinhood down. “We’re currently experiencing issues with crypto trading,” said the retail trading app on Tuesday, yet again, before restoring the crypto trading an hour later.
I just grabbed some doge I’m tired of missing out
— Meek Mill (@MeekMill) May 4, 2021
Retail traders are all simply FOMOing in on the meme coin, as evident from the fact that Dogecoin is the most traded crypto asset on the leading cryptocurrency exchange Binance.
According to CoinGecko, DOGE/USDT on Binance is recording $14 billion in volume, accounting for 19.82% of the overall exchange volume. ETH/USDT and BTC/USDT account for only 7.74% and 6.42% of Binance's total volume, only to be followed by DOGE/BTC yet again at 3.78%.
ETH 3.83%
Ethereum / USD
ETHUSD
$ 3,431.25
$131.42
3.83%
Volume 50.99 b
Change $131.42
Open $3,431.25
Circulating 115.75 m
Market Cap 397.17 b
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BTC 6.02%
Bitcoin / USD
BTCUSD
$ 57,342.43
$3,452.01
6.02%
Volume 69.8 b
Change $3,452.01
Open $57,342.43
Circulating 18.7 m
Market Cap 1.07 t
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Meanwhile, as per Binance owned Coinmarketcap, ETH/USDT derivatives are seeing the highest volume at $20.4 billion, followed by DOGE/USDT derivatives recording $19.4 billion in volume.
While BTC/USDT derivatives are the third most traded pair with a $19.4 billion volume, DOGE/USDT spot trading is yet again seeing $15.8 billion volume.
Just like the global users of Binance, South Koreans are all-in on DOGE as well. Dogecoin is accounting for 41.55% of all the volume on the largest cryptocurrency exchange of the country, Upbit.
Trading at a premium of 9.75%, DOGE/KRW is at $0.7077, down from a $0.7142 high earlier in the day.
Compared to Coinbase Pro’s $9.3 billion total volume, DOGE/KRW alone on Upbit did $14.3 billion in the past 24 hours.
As we previously reported, South Koreans have been more involved in altcoins than Bitcoin and Ether. And this continues with Ethereum Classic accounting for nearly 19% of all Upbit volume and the highest 20.69% on Bithumb.
XRP, BTT, EOS, LINK, and LTC are other popular altcoins on Korean exchanges.
XRP 13.02%
XRP / USD
XRPUSD
$ 1.56
$0.20
13.02%
Volume 12.9 b
Change $0.20
Open $1.56
Circulating 45.4 b
Market Cap 70.84 b
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BTT 5.17%
Blocktrade Token / USD
BTTUSD
$ 0.00
$0.00
5.17%
Volume 0
Change $0.00
Open $0.00
Circulating 55.75 m
Market Cap 231.49 K
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EOS 27.26%
EOS / USD
EOSUSD
$ 8.29
$2.26
27.26%
Volume 7.03 b
Change $2.26
Open $8.29
Circulating 953.12 m
Market Cap 7.9 b
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LINK 13.34%
Chainlink / USD
LINKUSD
$ 48.40
$6.46
13.34%
Volume 6.33 b
Change $6.46
Open $48.40
Circulating 419.01 m
Market Cap 20.28 b
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LTC 16.46%
Litecoin / USD
LTCUSD
$ 352.57
$58.03
16.46%
Volume 13.07 b
Change $58.03
Open $352.57
Circulating 66.75 m
Market Cap 23.53 b
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