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According to the on-chain analytics and intelligence platform, Santiment, trading volumes for Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH) have been on the rise. DOGE, in particular, has drawn attention from traders after experiencing a significant price jump earlier today. The meme coin’s trading volume surged to its highest level since April’s first week.
📈 Traders have hopped on to #Dogecoin following the sudden price jump the #memecoin enjoyed earlier today. We have also seen #Litecoin interest rise to week highs with the August 2nd #halving rapidly approaching, and #Ethereum should be watched as well. https://t.co/Ur5DHD2j9O pic.twitter.com/bmn4NCY2e6
— Santiment (@santimentfeed) July 25, 2023
LTC’s trading volume has also been climbing steadily as interest in the altcoin grew due to its anticipated halving, which is just around the corner. Meanwhile, ETH’s trading volume experienced a notable spike as well.
In the past 24 hours, DOGE saw an impressive 8+% price increase, landing it a spot on CoinMarketCap’s trending list. At press time, DOGE was trading hands at $0.07731, which was just below its daily high of $0.07798. DOGE’s latest price jump succeeded in pushing its weekly performance up to +11.12% as well.
As suggested by Santiment, the meme coin’s 24-hour trading volume surged by 508.77%, reaching around $1.75 billion. Meanwhile, its market cap of $10,824,310,809 meant that DOGE was ranked as the seventh largest cryptocurrency.
On the other hand, both ETH and LTC saw their prices decline since the previous day. The leading altcoin was priced at approximately $1,825.19 after a 0.95% decrease, but it managed to strengthen against Bitcoin (BTC) by about 1.24%. Furthermore, ETH’s 24-hour trading volume stood at $5.95 billion, representing a 30+% increase from the day before.
LTC’s was valued at $89.11 after slipping more than 3% in the past 24 hours. The altcoin also weakened against both BTC and ETH by 1.43% and 2.66%, respectively and its weekly performance was down by 3.10%. However, similar to DOGE and ETH, LTC’s 24-hour trading volume also increased, climbing by 45.61% to reach $528,010,168 at press time.
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