Dogecoin (
$0.000 ) co-creator Billy Markus tweeted on Saturday, displaying on-chain data from 2014 for the meme coin. According to data from 2014, Dogecoin ( $0.000 ) had around 100,000 transactions per day and Bitcoin (
$77,223.00 ) was sitting at only 50,000 per day. Markus tweeted that he wanted to see those same kinds of advantages for Dogecoin ( $0.000 ) in the future. However, Bitcoin ( $77,223.00 ) is outperforming Dogecoin ( $0.000 ) on several levels. Bitcoin ( $77,223.00 ) currently has an average of 220,000 transactions per day while Dogecoin ( $0.000 ) has around 25,000–meaning that the majority of DOGE’s trading volume and buying power is driven by retail traders and investors. However, Ethereum (
$2,420.86 ) has eclipsed both tokens by ringing in around 1 million transactions per day. While Dogecoin ( $0.000 ) use cases are increasing with help from social media and influencers, the token has struggled to keep its value steady in this uncertain market. At press time, Dogecoin ( $0.000 ) was trading at 12.41 cents, down nearly 2.5% in early activity.
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