PENGU Trading Volume Surpasses DOGE on Upbit Despite Market Cap Lagging Behind
Main Idea
PENGU's trading volume on Upbit has surpassed DOGE's, indicating growing market interest, but its market capitalization remains significantly lower due to DOGE's established brand and broader adoption.
Key Points
1. PENGU's trading volume on Upbit exceeded DOGE's for the first time, despite having a market cap less than one-thirteenth of DOGE's.
2. DOGE's higher market capitalization is attributed to its established brand recognition, widespread adoption, larger circulating supply, and stronger institutional backing.
3. PENGU's trading volume surge is driven by recent platform developments and community engagement, suggesting potential for future market cap growth.
4. The trend highlights increasing investor interest in altcoins beyond established tokens like DOGE, potentially diversifying the crypto market.
5. Analysts recommend monitoring both trading volume and market cap to assess PENGU's market potential accurately.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! PENGU’s trading volume
Latest News
- Bitcoin May Revisit Lower Liquidation Zones Amid Unfilled CME Gap Near $114K2025-07-27 17:13:50
- BNB Hits New All-Time High at $827 with Market Cap Surging to $114.85 Billion2025-07-27 16:57:03
- Bitcoin Surpasses $119,000 Amid Renewed Investor Confidence and Market Dynamics2025-07-27 16:45:52
- Ethereum Exchange Outflows Suggest Potential Accumulation Amid Price Dip and Reduced Sell Pressure2025-07-27 16:33:31
- PENGU Trading Volume on Upbit Surpasses DOGE Despite Market Value Being Less Than 1/132025-07-27 16:11:12