According to CoinMarketCap, the daily trading volume of Dogecoin has surpassed US$18 billion as of morning UK time. This is the first time Dogecoin has hit such a trading frenzy as traders pile on to the hope that Dogecoin maybe a multi bagger.
On Binance, the volume of Dogecoin is just behind Bitcoin. Various Chinese-based crypto exchanges, such as Huobi Global, are also seeing a surge in interest in Dogecoin trading.
Its price has also doubled in a day from a low 7 cents to an ATH of 14 cents.
It has been a stellar journey for Dogecoin in less than a year.
