Dogecoin hits 92 satoshi on unprecedented volume; pullback likely

Dogecoin (DOGE) continues to soar, spiking up to 92 satoshi ($0.00043) 15 hours ago. This was DOGE's highest traded price since May 21. It has since dropped off to 70 satoshi in volatile trade.

The spike was driven by a surge in volume dominated by buyers jumping on the bandwagon. Over 16 billion ($6 million) DOGE changed hands during the past 24h, by far surpassing Litecoin's $2.7 million. By way of comparison, total Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term/fiat volume during the period was $13.7 million. The volume is the highest since the February rally to 300 satoshi.

At its peak, DOGE had quadrupled within a two-week span.

As the rise was characterized by accelerated buying to the point of a near-vertical climb, DOGE is ripe for a sharp pullback, part of which has already transpired. The question remains if the rally will resume thereafter.