Dogecoin (DOGE) experienced a surge in daily transactions during the month of May, according to data from IntoTheBlock. Despite this notable achievement, the journey for the meme coin has been an up-and-down experience, with the coin not quite reflecting its peak performance.
As the daily transactions of Dogecoin reached a peak in May but its overall performance remained uncertain, one can’t help but wonder: Where does DOGE go from here? Will it continue to ride the waves of popularity or face challenges that could alter its trajectory?
Dogecoin Surprises With Impressive Transaction Surge
In a surprising turn of events, DOGE witnessed an astounding 8,220% increase in daily transactions throughout the month of May. According to data from IntoTheBlock, the number of daily transactions skyrocketed from 25,000 to a staggering 2.08 million on May 27.
Source: IntoTheBlock
This unprecedented surge in…
