Over the past 24 hours, Dogecoin was trading at $0.2378, which is an increase of just 0.15%, with a market cap of $35.72 billion. Nevertheless, 24-hour volume has dropped to $1.59 billion, which is more than 28% lower, according to CoinMarketCap.
Even though DOGE has been among the top cryptos below $1 for quite a while, current price action suggests that the market may be seeking more than memes. In retail investment interest, most now have crypto projects with real-world applications, specifically those with quick adoption as well as utility, firmly in the limelight.