Dogecoin (DOGE) Daily Transaction Volumes Surges to 14-Month High

Dogecoin (DOGE), the world’s largest meme-based cryptocurrency by market cap has seen a spike in its number of on-chain transaction volumes per day, signifying a surge in its user activity. Dogecoin Sees Spike in Transaction Volumes According to data from BitInfoCharts, the number of daily transactions in Dogecoin (DOGE) has soared above 75,000 in the last 24 hours, signifying a surge in user activity. At the time of writing, the number of Dogecoin daily transactions per day is at around 76,091, data from BitInfoCharts show. The spike in Dogecoin was followed by an unexpected recovery of the entire cryptocurrency market. For instance, leading cryptocurrencies Bitcoin and Ethereum were on the rise during the weekend trading session after gaining 6.6% and 26% in the past seven days. nice, the dogecoin blockchain transactions are spiking pic.twitter.com/P6jaf4cwhF — Shibetoshi Nakamoto (@BillyM2k) July 17, 2022 It should be noted this is the largest volume of daily transactions for the meme-based cryptocurrency in the past 14 months. For instance, the last time Dogecoin’s daily transactions count surged above 75,000 was on May 9, 2021. At the time, the number of daily transactions reached 82,000. The period also corresponds to when the cryptocurrency’s price hit an all-time high of $0.73. Meanwhile, the spike in the number of Dogecoin transactions did not have much impact on the price of DOGE. The cryptocurrency is currently trad...