The infamous Dogecoin has seen double-digit gains in the past week as statistics show that the meme-crypto asset has gained 19.66% over the past seven days. Among the top ten digital currencies by market capitalization, Dogecoin has outperformed the competition, even surpassing Ethereum’s 18% weekly gain.
Dogecoin’s Weekly Gains Overtake the Competition, Google Trends Data Shows DOGE Interest Dive-Bombing After May
At the time of writing, both the topics have been dogecoin and the hashtag #dogecointothemoon. trending As far as the interest on social media on Sunday afternoon is concerned, Google Trends (GT) data Shows that search queries for the words “dogecoin” and “doge” are greatly reduced.
— Vikas Rao (@vikas17971677) 8 August 2021
During the first week of May, the word “Dogecoin” topped the highest score on GT with a score of 100, while the word “Doge” peaked at 29. Today, the query score for “dogecoin” is only 6 and the search term “doge” is 3.
Despite the decline, most crypto assets that measure overall interest in terms of GT data have declined significantly. On the other end, Dogecoin (DOGE) The market has jumped significantly higher than most crypto assets today, capturing nearly 20% over the past seven days.
Additionally, if one compares the 12-month statistics, DOGE has outperformed them by a long shot, unlike a large majority of the 10,000+ digital assets that exist today. 12-month DOGE stats indicate that Dogecoin is up 6,849% on August 8th.
Dogecoin around 0.0000557 . doing business on B T c per unit and fixed currency Tether (USDT) The biggest DOGE pair is on Sunday, capturing 71% of all trades. It is followed by USD (10.81%). B T c, (4.89%), BUSD (4.74%), and Turkish Lira or TRY (3.22%) Dogecoin pairs. 6th largest trading pair Dogecoin (DOGE) The euro is 1.75% of Sunday trading.
Dogecoin Down 67% Since All Time High, Mystery Dogecoin Whale Absorbs 28% of DOGE Supply
However, Dogecoin (DOGE), out of today’s top ten crypto valuations, is below its all-time high (ATH), except when compared to the rest of the top ten pack. XRP. Three months ago, DOGE tapped ATH at $0.737 per unit and is down 67% from ATH today.
Contrast the biggest difference from DOGE XRP, is he XRP Not only is it 76% lower today but it was higher than it was four years ago. Currently, 70% of Dogecoin holders are making money at current prices according to in block numbers.
There is a concentration of large holders today as the block data indicates that DOGE is around 63%. Data from bitinfocharts.com’s richest dogecoin addresses show the mysteryDH5Dogecoin Address is still the largest DOGE holder today with 36 billion Dogecoins.
This year, there have been several theories suggesting that the “DH5” Dogecoin wallet is related to Robinhood. At the time of writing,DH5The Dogecoin address has managed to absorb over 28% of the entire DOGE supply.
What do you think about Weekly Dogecoin (DOGE) gains and the mysterious Dogecoin holder with over 28% supply? Let us know what you think about this topic in the comment section below.
image credit: Shutterstock, Pixabay, WikiCommons, bitinfocharts.com, Into the Block, bitcoin.com Markets, Google Trends (8-8-21)
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