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The creator of Dogecoin highlighted the massive spike in the number of transactions on the chain as the metric suddenly hit almost 70,000 operations in the last 24 hours.
The spike in the number of transactions on Doge was followed by the unexpected recovery of the cryptocurrency market. Ethereum and Bitcoin were on the rise during the weekend trading session as the two biggest cryptocurrencies gained 11% and 6%, respectively.
nice, the dogecoin blockchain transactions are spiking pic.twitter.com/P6jaf4cwhF
— Shibetoshi Nakamoto (@BillyM2k) July 17, 2022
As for the price performance of DOGE, the memecurrency is gaining around 5% to...
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https://u.today/dogecoin-transactions-are-spiking-as-crypto-market-recovers
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