Dogecoin rises to highest price since 2021 after spike in transaction volume

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Dogecoin rises to highest price since 2021 after spike in transaction volume
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Dogecoin is looking set for another bull run on Thursday following recent developments related to the meme coin.

The transaction volume of DOGE surged to $9.2 billion in over 48 hours. Dogecoin addresses cross 6 million after GigaWallet v1.0 unveiling. Dogecoin may be set for a further rally as Coinbase futures listing on April 1 approaches. With increasing transaction volume and user base, the April 1 launch of a DOGE futures product on Coinbase may see it soaring to new highs.

-hour chart The recent rise of Dogecoin has not only attracted attention to the meme coin but has also ignited a broader frenzy in the meme token market. Tokens like dogwifhat , Book of Meme , Pepe and Slerf experienced surges in tandem with Dogecoin's ascent, leading some to dub Dogecoin as the Bitcoin of meme coins. However, the currency experienced a downturn following a correction in Bitcoin's price last week.

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