Recent data show that Dodge Coin’s price growth in recent days has been higher than other major currencies in the market, including Bitcoin and Ethereum. Cardano and Paligan are other altcoins who have had a successful week.
to the Report The Dogecoin started 2021 with a price of less than $ 0.01, reached a record high of $ 0.73 in early May and fell 78% a few weeks later. 2021 has been a tumultuous year for the market’s most popular Meem Quinn, but now it looks like Dogecoin is ready to jump again.
While the market value of digital currencies has reached more than $ 2 trillion for the first time since May, Dogecoin prices are rising faster than other major currencies. The Dogecoin is currently trading at less than $ 0.28 per unit and has grown more than 12% in the last 24 hours.
The 41% Dogecoin price increase in the last 7 days is significant, as just a week ago its price fluctuated around $ 0.20. Bitcoin has grown 21 percent in the last seven days and Ethereum prices have risen 29 percent over the same period, but if we look at the short-term growth in prices, Dodge Coin has outperformed both.
However, the Dogecoin price is still 63% away from its historical peak. DodgeCoin has a much greater difference with its historical peak compared to Bitcoin and Ethereum. Dogecoin’s price movements have been smoother than other market currencies. When the digital currency market plummeted in May, Dogecoin fell deeper than others, and has risen more than any other currency in recent weeks as prices have returned.
The Dogecoin-inspired Ethereum-based Ethereum token, like its counterpart, has been in the middle of an uptrend since Monday. At the time, Dogecoin and Shiba Inoue had weekly growth rates of 27% and 24%, respectively. Dogecoin then experienced a significant price increase, but Shiba Inu could not keep up with the trend as before. The price of Shiba Ino token has increased by less than 30% in the last 7 days and by 9% in the last 24 hours.
Cardano is another big winner in today’s digital currency market. With the news of the imminent launch of support for smart contracts, Cardano’s price rose 21 percent to $ 1.86 in 24 hours. Smart contracts are actually computer codes that execute predefined instructions. Blockchain-based networks use them to support decentralized applications and provide other advanced features to their developers and users.
Launching smart contracts is crucial for Cardano, as it could challenge Ethereum, the leading network in the decentralized software development industry. It is worth mentioning that the price of Cardano has increased by 36% in the last 7 days.
The price of Paligan digital currency (formerly Matik) has also increased significantly in recent days. Paligan has risen 22 percent in the past 24 hours to $ 1.36 and has risen 33 percent in the past seven days.
Paligan is a second-tier scalability improvement solution designed to help Ethereum-based decentralized applications and non-replication (NFT) tokens. NFTs are a type of digital currency used to prove ownership of digital works.