Bitcoin’s recent surge to 111,000 USD has significantly impacted the cryptocurrency market, which now boasts a total market cap of 3.51 trillion USD. Memecoins like Moonpig have surged, experiencing gains of nearly 120%, while Dogecoin’s increase has been modest in comparison.
Dogecoin has risen by only 6.52% to 0.2413 USD, despite boasting a hefty market cap of 36.04 billion USD. Traders speculate that the absence of fresh developments and its larger size contribute to its muted performance in this new memecoin rally.
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