{"id":79503,"date":"2023-05-29T15:36:24","date_gmt":"2023-05-29T12:36:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79503"},"modified":"2025-09-11T11:25:03","modified_gmt":"2025-09-11T08:25:03","slug":"dogecoins-daily-transaction-count-tops-2-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoins-daily-transaction-count-tops-2-million\/","title":{"rendered":"Dogecoin&#8217;s daily transaction count tops 2 million"},"content":{"rendered":"<p>On May 27, the number of daily transactions in the blockchain of meme cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin<\/a> (DOGE) set a new record at 2.08 million, according to <a href=\"https:\/\/bitinfocharts.com\/comparison\/transactions-btc-ltc-doge-dogecoin.html#3m\">BitInfoCharts<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"404\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-333-1024x404.png\" alt=\"image-333\" class=\"wp-image-208114\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-333-1024x404.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333-300x118.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333-768x303.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333-1536x606.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333.png 1664w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: BitInfoCharts.<\/figcaption><\/figure>\n<p>For comparison, the Bitcoin network recorded 471,488 transactions, while Ethereum had 982,620.<\/p>\n<p>Activity among meme-cryptocurrency enthusiasts, according to several experts, is linked to the growing popularity of tokens of the DRC-20 standard, which enables new digital assets to be created on top of the blockchain.<\/p>\n<p>On May 13, Dogecoin also <a href=\"http:\/\/litecoin\">surpassed<\/a> Bitcoin and Litecoin in daily transactions.<\/p>\n<p>A longtime supporter of the meme cryptocurrency, Elon Musk recently again described it as the best among digital assets. However the billionaire urged not to make \u201ctoo big bets\u201d on Dogecoin.<\/p>\n<p>Forbes columnist Pi Rizzo noted that since roughly two years ago when Musk first backed the meme cryptocurrency, its price relative to Bitcoin has fallen by 75%.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\u2728 Elon backing Dogecoin over <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>, exactly 2 years ago. DOGE is down 75% vs BTC ever since ? <a href=\"https:\/\/t.co\/OcsLKg7sgH\">pic.twitter.com\/OcsLKg7sgH<\/a><\/p>\n<p>\u2014 RIZZO (@pete_rizzo_) <a href=\"https:\/\/twitter.com\/pete_rizzo_\/status\/1662045975911841792?ref_src=twsrc%5Etfw\">May 26, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Record activity in the network did not have a noticeable impact on DOGE&#8217;s price \u2014 over the week the coin fell 0.9% (CoinGecko). Market capitalization rose by 2.1% over the period, while Bitcoin added 4%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"192\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-333-1024x192.png\" alt=\"image-333\" class=\"wp-image-208115\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-333-1024x192.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333-300x56.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333-768x144.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image-333.png 1277w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>Some analysts noted that the latest conspicuous price spike for the meme cryptocurrency coincided with Musk&#8217;s purchase of Twitter in October 2022. Since then, price movements have not shown an uptrend.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"und\" dir=\"ltr\">?\u200d\u2640\ufe0f? <a href=\"https:\/\/t.co\/0GpaouMiDh\">pic.twitter.com\/0GpaouMiDh<\/a><\/p>\n<p>\u2014 Just A Nobody ?\u200d? (@orionsquare) <a href=\"https:\/\/twitter.com\/orionsquare\/status\/1662978507511570434?ref_src=twsrc%5Etfw\">May 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, investor The Coach, who goes by that handle on Twitter, argued that a likely drop to $0.042 could be an \u201cexcellent buying opportunity.\u201d But he cautioned that one should watch for a Bitcoin bullish reversal, he said.<\/p>\n<p>In February, Dogecoin&#8217;s price reacted to a surge in response to a series of Musk tweets. The entrepreneur introduced his Shiba Inu dog named Floki as Twitter&#8217;s CEO and a new member of the company&#8217;s board.<\/p>\n<p>In May, Binance chief Changpeng Zhao said that the billionaire had \u201cextended the life\u201d of the meme cryptocurrency, which could have disappeared long ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 27, the number of daily transactions in the Dogecoin (DOGE) blockchain reached a new record of 2.08 million, according to BitInfoCharts.<\/p>\n","protected":false},"author":1,"featured_media":79504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1268],"class_list":["post-79503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79503"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79503\/revisions"}],"predecessor-version":[{"id":79505,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79503\/revisions\/79505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79504"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}