Dogecoin, like the rest of the crypto market, has not had an easy go of it in the last week. As the bearish sentiment mounted, cryptocurrencies across the space continued to decline in price, leading to a mostly red week for the industry. However, there could be a turn in the tide for the meme coin whose daily trading volume has witnessed a significant jump in the last day.
Dogecoin Volume Rises By 36%
Despite the price of Dogecoin falling for the better part this week, it seems that bullish sentiment might be getting renewed among investors. According to data from the token tracking website CoinMarketCap, DOGE’s daily trading volume is up 36% between Wednesday and Thursday, reaching $417 million.
This incredible recovery in daily trading volume comes at a time when the market at large is seeing a large decline in volume. Coins like Bitcoin and Ethereum, the two market leaders, have already seen their daily trading volumes…
