Dogecoin trades under the symbol ($DOGE). It has become a very popular cryptocurrency over the last few years. Did you know that Dogecoin or $DOGE started out as a joke? This “joke” turned out to make millions for its inventor and continues to pay dividends to its investors(not actual dividends but through growth). In the last day, Dogecoin ($DOGE) and PayDay Coin ($PDX) start of the 2018 Labor Day weekend with a bang, running up over one hundred percent.
Indeed, Dogecoin ($DOGE) And The PayDay Coin ($PDX) Altcoin start making a bull run on August 31, 2018. This comes right before Labor Day weekend, which is great news for the folks that invested in these two altcoins previously. Furthermore, The PayDay Coin ($PDX) Altcoin makes a run all the way up to three dollars from one dollar and fifty cents yesterday. This altcoin surges one hundred fourteen percent and has done $62,152 worth of volume in the last twenty-four hours. Above all, The PayDay Coin ($PDX) Altcoin is the biggest winner in the last day.
Most importantly, Dogecoin trades under the symbol $DOGE. Furthermore, Dogecoin makes a very nice run but it comes in second place as The PayDay Coin ($PDX) Altcoin outperforms it. Currently, Dogecoin ($DOGE) trades at $0.006528, which is a sixty-two percent gain in the last twenty-four hours. Furthermore, the Dogecoin has done a very nice $186,824,670 worth of volume in the last day. As a far as volume goes, Dogecoin is the biggest winner from that perspective.
Indeed, the big question is does the price of bitcoin have anything to do with the past day’s success of Dogecoin ($DOGE) and the PayDay Coin ($PDX) Altcoin? Well, it is hard to say because smaller altcoins usually get a boost when the price of Bitcoin increases. Also, Bitcoin has made a run back up to seven thousand dollars but has struggled to hold those levels.
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Indeed, Many cryptocurrency experts believe that Bitcoin is still in a Bear market and will take years to come back to its all-time highs of twenty-thousand dollars per Bitcoin. That said, we do belive that Bitcoin played a role in these altcoins moving higher. However, the Bitcoin dominance fell from fifty-three percent down to fifty-two percent, which is a small drop. However, it is showing that the crypto market is not as a dependant of Bitcoin as it once was. While this may be discouraging to Bitcoin investors, the folks that that invested in Dogecoin ($DOGE) and the PayDay Coin ($PDX) Altcoin took some cash home.
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