The post Dogecoin ($DOGE): From Memecoin to Crypto Phenomenon appeared on BitcoinEthereumNews.com.

Initially created as a joke in 2013, Dogecoin ($DOGE) has transformed into one of the most well-known and broadly employed cryptocurrencies. It used to be that Dogecoin was only a digital currency with a Shiba Inu mascot that lived in the meme world, but it has so overtaken that space that you might now consider it the meme equivalent of the Oscar. Dogecoin is no longer just the fun currency that people toss around; it has utility and presence. Within the time frame of the last 24 hours, there have been around 41,132 transactions processed using Dogecoin. This number highlights the use case and ongoing relevance of the cryptocurrency. Meanwhile, the average transaction fee has been about 0.534 DOGE, which works out to roughly $3,900 in value. That fee, and also the transactions themselves, make Dogecoin a “viable medium” for transferring funds and doing all kinds of other things associated with cryptocurrencies. #Dogecoin $DOGE processed approximately 41,132 transactions in the past 24 hours, with an average transaction fee of 0.534 DOGE, equating to approximately $3,900. pic.twitter.com/rApyFp6LWp — Ali (@ali_charts) March 29, 2025 The Bullish Momentum and Market Sentiment Even though it started out as a coin created as a joke, Dogecoin appears to be a coin with a market that shows some bullish signs. Analysts have said that when you look at the price of Dogecoin, on a high enough time frame, it almost looks like it is in an uptrend. That has gained the attention of investors who are even more heavily piling into Dogecoin as we speak. One of the signs that Dogecoin has a strong upward move has also been not so much what Dogecoin has been doing price wise (or what Bitcoin and Ethereum have been doing price wise), but what a strong percentage of traders…

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Filed under: News - @ March 31, 2025 11:21 am