The meme coin revolution was started by Dogecoin [DOGE]. Now, with the existence of an array of meme coins, DOGE continues to reign the market. The coin had a wonderful start to 2022. From listings to partnerships, DOGE was on an uptrend. Now, the meme coin was scoring big in terms of coin holders as well.
Despite the high monetary value of cryptocurrencies like Bitcoin [BTC] and Ethereym [ETH], the community has its eyes on meme coins. Almost no meme coin is priced over a dollar, yet they continue to lead the market. Dogecoin has been admired and endorsed by several people. Elon Musk happened to be on the list. Musk took a huge leap and began accepting DOGE for selected merchandise at Tesla. This could have further driven the number of DOGE holders.
It was noted that Dogecoin was eyeing 500,000. Similar to its counterparts, Shiba Inu and BabyDoge Coin, Dogecoin was surging in terms of holders almost every day. Earlier today, DOGE broke its own record and currently has about 490,534 holders.
Reporting this brand new record, WhaleStats tweeted,
Further moving over to its price, Dogecoin was trading for $0.1444 with a 1.49% surge in the last 24-hours. During press time, the OG meme coin was way over at the 11th position away from its rival Shiba Inu.
Dogecoin amasses praise from Litecoin creator
After keeping quite a low profile, the Litecoin network once again made news, following the launch of its much-awaited MimbleWimble network. Speaking about the latest development in the LTC network, the creator of the coin, Charlie Lee expressed his views about Dogecoin as well.
The Litecoin creator noted that Dogecoin was “great” and “pretty fun.” This wasn’t all, Lee further went on to laud Musk for his interest in crypto. With his inclination towards the industry, Lee believes that Musk has been pivoting crypto into a “mainstream topic.”