PENGU Trading Volume on Upbit Surpasses DOGE Despite Market Value Being Less Than 1/13

Key Points

1. PENGU’s trading volume on Upbit exceeds DOGE’s, though its market cap is less than one-thirteenth of DOGE’s.

2. The surge in PENGU’s trading volume is attributed to heightened trader activity and speculative interest in new altcoins.

3. DOGE maintains a higher market capitalization due to its broader adoption and established presence in the market.

4. COINOTAG analysts note that PENGU’s volume growth indicates evolving market dynamics but does not guarantee a matching market cap to DOGE soon.

5. The trend highlights the importance of evaluating both trading volume and market capitalization for investment decisions.