According to data collected by Coinbase and reviewed by Insider, Dogecoin trade volumes increased by 1,250 percent in the second quarter of this year on the world’s biggest cryptocurrency exchanges.
From January to May, suspicious domain registrations for dogecoin increased by 744 percent. BrandShield, a cybersecurity organization, looked into eight more cryptocurrencies as well as five trading sites. The findings come at a time when cryptocurrencies are expected to skyrocket in popularity in 2021.
In 2021, cryptocurrency usage will continue to increase, with over 300 million crypto users and 18,000 companies accepting crypto payments. Although the world’s major digital coins, Bitcoin and Ethereum, continue to have the highest ownership rates in the crypto sector, Dogecoin has risen to the top of the list of the most popular crypto investments.
The Thai Securities and Exchange Commission (SEC) has prohibited crypto exchanges from trading certain types of crypto assets in the nation. Meme-based tokens, fan-based tokens, and nonfungible tokens were all affected by the prohibition (NFTs). Exchanges have 30 days to comply with the new rules or risk being delisted.