Dogecoin (DOGE) has boosted, by 10% gaining its valuation. now a cryptocurrency worth $0.1986 has already got almost 3.68% growth and seen an active market. Over the past hours its value has been rising partially due to the activity in markets. Not only this, but a seven-day momentum of Dogecoin has been observed and this crypto exceeded by more than 10% of its initial value.

ドージコイン (DOGE) は評価額を 10% 上昇させました。現在、0.1986 ドル相当の仮想通貨はすでにほぼ 3.68% の成長を遂げており、活発な市場が見られます。過去数時間にわたり、市場の活動の影響もあってその価値は上昇しています。これだけでなく、ドージコインの7日間の勢いが観察され、この暗号通貨は初期値の10％以上を超えました。

Dogecoin surge challenging XRP position

Dogecoin now, the meme-based cryptocurrency has got a market cap of 28.78 billion dollars. So, can be placed at the eighth position of the top ten cryptocurrencies, in terms of market capitalization. For a total trade volume over the past hours of $2.72 billion, the trading period can be considered very active. 

Source: coin market cap

出典: コイン時価総額

This event introduces a doubt: Is it possible for Dogecoin to surpass the growth rate of Ripple‘s XRP such that the ranking group will be shifting constantly? This development is exciting rumor-frenzy among the positive-cast market watchers and investors.

このイベントは疑問をもたらします。ドージコインがリップルのXRPの成長率を超え、ランキンググループが絶えず変化する可能性はあるのでしょうか?この展開は、ポジティブな見方をする市場ウォッチャーや投資家の間で噂が飛び交っている。

Dogecoin liquidity and stability

The most important attribute that describe Dogecoin’s market volatility is its volume to market cap ratio with that being currently at 9.45%. The fact that the ratio is so high reflects the market as constituted of assets that can be liquidated and purchased with a certain amount of ease. 

ドージコインの流動性と安定性ドージコインの市場ボラティリティを表す最も重要な特性は、その出来高と時価総額の比率であり、その比率は現在9.45%です。この比率が非常に高いという事実は、市場がある程度容易に流動化および購入できる資産で構成されているということを反映しています。

The number of coins of doge circulating on the market remains at 143.84 billion indicating that the supply is constant and unaffected by external reasons.

The movement of Dogecoin could be regarded as a dynamic cryptocurrency market, where investors can sway from a currency as well. The currency could be about its community following or, on the other hand, purely speculative in nature. 

As the news flow of the cryptocurrency has already been in the headlines cryptocurrency’s performance will be closely monitored for the remaining days which will be essential to assess whether sustained growth can be seen.

仮想通貨のニュースはすでにニュースの見出しになっているため、持続的な成長が見られるかどうかを評価するためには、仮想通貨のパフォーマンスが残り数日間注意深く監視されることになるだろう。