Dogcoin (ETH: $DCOIN) is a relatively new meme coin launched in late January 2025 that has been making waves in the crypto sector. Soon after its launch, the meme coin saw its volume rise to $10 million in 24 hours. Below is a detailed breakdown of this meme coin.
About Dogcoin (DCOIN)
Dogcoin is an ERC20 meme coin on the Ethereum blockchain that aims to be fair and transparent for the whole community. It launched without a presale or team allocation, and the whole supply was secured in liquidity, making it a truly community-powered project.
Dogcoin is an embodiment of the power of community within the crypto space. Its goal is to bring people together and create the potential for long-term success. Everyone is welcome to be a part of this revolutionary concept. It is a project that aims to remind the masses why they fell in love with crypto.
The meme coin launched with 1 billion tokens, with 100% of the tokens being added to the initial liquidity. Since its launch, the number of holders has grown to 3,231 holders, with over 27,064 transfers to date, according to on-chain data.
DCOIN Price Performance
Dogcoin is currently trading at $0.003114 per coin, an 18.46% increase in the past 24 hours as of Monday, February 3, 2025. In the past week, the token’s price has soared 329%, making it one of the biggest meme coin gainers in the period.
The meme coin peaked at an all-time high of $0.01889 on January 24, 2025, and has since dipped 83.77% as investors take profit. However, the token is up a whopping 963.95% since its all-time low of $0.0002882 on January 27, 2025, signaling a powerful and supportive community.
DCOIN has a market cap of $3.09M, with a 24-hour trading volume of $5.28M, which is much higher than the market cap. Whenever the trading volume rises above the market cap, it potentially signals that a price surge could happen. The token could potentially be headed to a $10 million market cap if it maintains its current momentum.
Social Media Following
$DCOIN has amassed a significant social media following, with 7,170 followers on X and 6,234 members in its Telegram group.
Should You Add Dogcoin To Your Portfolio?
Dogcoin espouses the principles of fairness and openness that are at the core of blockchain technology. With zero of the token supply allocated to the team, it shows that this project is committed to being truly community-driven. As such, this project could potentially rise to become one of the most popular dog-theme meme coins once word of its token distribution model gets around. Consequently, adding DCOIN to your portfolio could potentially pay off in the medium term.
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