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Dogecoin Recovers Double-Digit Gains this Week –

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply

The notorious dogecoin has seen double-digit gains this past week as statistics show the meme-crypto asset has gained 19. 66% during the last seven days. Out of the top ten digital currencies in terms of market capitalization, dogecoin has outshined the competition, even surpassing ethereum’s 18% weekly gains.

Dogecoin’s Weekly Gains Outshine the Competition, Google Trends Data Shows DOGE Interest Dive-Bombed After May

At the time of writing, both the topic dogecoin and the hashtag #dogecointothemoon have been trending on social media Sunday afternoon. As far as interest is concerned, Google Trends (GT) data shows that the search queries for the terms “dogecoin” and “doge” have dropped very low.


— Vikash Rao (@Vikash17971677) August 8, 2021

During the first week of May, the term “dogecoin” topped the highest score on GT with a score of 100, while the term “doge” hit a 29. Today’s query score for “dogecoin”, is just 6, while the score for the search term “doge”, is 3.

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply
Google Trends data for the terms “dogecoin” (blue line) and “Doge” (red line) on Sunday, August 8, 2021.

Despite this drop, most crypto assets have seen a significant decline in GT data which measures overall interest. On the other hand, dogecoin (DOGE) markets have jumped considerably higher than most crypto assets today, capturing close to 20% in the last seven days.

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply
DOGE/USD price according to Markets data on August 8, 2021.

Additionally if one were to compare 12-month statistics, in contrast to a great majority of the 10,000+ digital assets in existence today, DOGE has outshined them by a long shot. 12-month DOGE stats indicate dogecoin is up 6,849% on August 8.

Dogecoin has been trading for roughly 0. 00000557 BTC per unit and the stablecoin tether (USDT) is the largest DOGE pair capturing 71% of all trades on Sunday. This is followed by USD (10. 81%), BTC, (4. 89%), BUSD (4. 74%), and the Turkish lira or TRY (3. 22%) dogecoin pairs. The sixth-largest trading pair with dogecoin (DOGE) is the euro with 1. 75% of Sunday’s trades.

Dogecoin Is Down 67% Since All-Time High, Mystery Dogecoin Whale Absorbs 28% of the DOGE Supply

However, dogecoin (DOGE), out of the top ten crypto valuations today, is down lower than its all-time high (ATH) than the rest of the top ten pack except for XRP. DOGE tapped an ATH for $0.3 months ago. 737 per unit and today it’s down 67% from the ATH.

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply
“Token Summary” Into the Block stats for Dogecoin (DOGE) on Sunday.

The biggest difference from DOGE, in contrast to XRP, is that XRP is not only down 76% today but that was over four years ago. Currently, 70% of dogecoin holders are making money at the current price according to Into the Block statistics.

Dogecoin Captures Double-Digit Gains This Week — One Address Still Holds 28% of the DOGE Supply
The infamous “DH5” dogecoin address now holds 28% of the entire DOGE supply on August 8, 2021. This DOGE whale has managed to capture another 1% of the entire supply since February 5, 2021.

There is a concentration of large holders today as Into the Block statistics indicate DOGE is around 63%. Data from’s richest dogecoin addresses show the mysterious “DH5” dogecoin address is still the largest DOGE holder today with 36 billion dogecoin.

This year, there’s been a number of theories that suggest the “DH5” dogecoin wallet belongs to Robinhood. At the time of writing, the “DH5” dogecoin address has managed to absorb over 28% of the entire DOGE supply.

What do you think about the weekly dogecoin (DOGE) gains and the mystery dogecoin holder with more than 28% of the supply? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons,, Into the Block, Markets, Google Trends (8-8-21)

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes.

“Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday.

Cardano Is A Shitcoin, Says Hayes

Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be irrelevant,” he said.

Typically, the popular crypto essayist and trader is well known as one of the loudest long-term Bitcoin (BTC) and Ethereum (ETH) bulls, and often expresses interest in small-cap cryptos for short-term trading.

During the same interview, Hayes even expressed interest in the memecoin “dogwifhat” calling it the “best dog money of this bull cycle.

“I love Rare Pepe’s… I think we’re going to see a resurgence of NFT trading volumes,” he added.

The writer’s unique callout of Cardano ruffled some feathers online – especially with the network’s founder, Charles Hoskinson. On Tuesday, Hoskinson asked Hayes why he was “throwing shade” at Cardano.

“Cause your coin is a piece of shit man,” Hayes replied. “Just buy some ETH and chill.”

What Makes Cardano Unique?

Much like Ethereum, Cardano is a smart contract platform for developing decentralized applications. It also popularized as one of the first well-developed proof-of-stake cryptocurrencies, which use crypto rather than energy to secure its network.

However, many popular blockchains today now use the same mechanism, with Ethereum undergoing a massive upgrade in 2022 to adopt proof of stake. In terms of both market size and DeFi TVL, Cardano is still outsized by competitors like Ethereum, Solana, and Binance Smart Chain (BSC).

On Tuesday, Hayes published a list of the world’s most popular Dapps, and asked which of them had originated or grown most popular on the Cardano blockchain.

“From my very limited knowledge, it looks like none of them do,” he said. “That’s why ADA is dog shit.”

On Bitcoin, however, Hayes remains a bull, expecting strong money printing from the Federal Reserve to drive the asset’s price up soon.

“When printing money happens and you debase the value of time and human labor, we rejoice and say great, fuck you, we’re gonna take Bitcoin to a million,” he told Coin Bureau.

Late last year, Hayes predicted that Bitcoin would reach between $750,000 and $1 million by the end of 2026.


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Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

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