From Investing.com:

Dogecoin, a meme-based cryptocurrency, has seen a resurgence in the market with a 2% price increase. Trading volume in February exceeded $100 billion, making it the seventh most traded crypto for the month and marking a 94% jump in price month-over-month. Dogecoin’s market cap has also doubled to $22.8 billion.

Meme coins like Dogecoin, Shiba Inu, Pepe, and Bonk saw significant growth in trading volume last month. Shiba Inu’s daily trading volume surged by 4,800%, Pepe’s by 3,500%, and Bonk’s by 2,400%. Three meme-based cryptocurrencies are among the top ten most traded for February, reflecting the sector’s increasing prominence.

This surge in Dogecoin’s performance suggests growing investor interest in meme coins. Despite trading below its all-time high, Dogecoin’s market cap doubled in one month to $22.8 billion, moving it up to the ninth position in the top ten cryptocurrencies by market cap. Meme coins are making a notable impact on the digital asset market’s trading volume rankings.



Read more at Investing.com: Dogecoin trading volume soars, ranks 7th in February By Investing.com