Dogecoin Is Now Bigger Than Infosys, Hindustan Unilever, ICICI & Airtel
⮚ Dogecoin's explosive rally in 2021
has made the meme-based cryptocurrency worth $90 billion.
⮚ Indian Crypto Exchange, BuyUcoin had
listed Dogecoin since late 2017 leading to massive growth in crypto investor
portfolios all across India.
⮚ DOGE also became the 4th largest
crypto in the world by Market Capitalization replacing Ripple (XRP) for the
spot.
⮚
Dogecoin is about to get ranked among the top-100 assets by
market cap worldwide.
New
Delhi, May, 2021: BuyUcoin,
India’s second-longest-running cryptocurrency exchange announced today that it
has witnessed a 10x jump in Dogecoin trading on its platform during April-May
2021 as compared to last year. The massive surge in trading is seen because of
the latest Dogecoin rally which has sparked investor interest across India.
Data from the BuyUcoin exchange shows that Dogecoin is up 11,000% in one year.
Dogecoin’s market cap has touched $90 billion
which is more than most of the Indian companies except HDFC, Reliance
Industries, and TCS. Dogecoin is about
to become ranked among the top-100 assets by market cap worldwide, now ahead of
major Indian companies like Infosys, ICICI Bank, Bharti Airtel, HCL, ITC, HUL,
and global counterparts like BMW, Honda, Twitter, Kraft, and Ford.
BuyUcoin listed Dogecoin on its platform in the
year 2017 and since then it has provided a low-cost entry into the crypto world
to investors across India. The average ticket size of investors trading in
Dogecoin is INR 5000-10,000 and early investors of Dogecoin have built a large
corpus owing to the latest Dogecoin rally. For example, a person who invested
INR 800 n Dogecoin in the year 2017 has a corpus of 250,000 today. As per
BuyUcoin data, the top 5 cities for Dogecoin trading in India are Bangalore,
Hyderabad, Mumbai, Delhi, and Surat.
Commenting
on the development, Shivam Thakral, CEO of, BuyUcoin said “With a market cap of $90 billion, Dogecoin is
a hot destination for crypto investments. Elon Musk’s upcoming appearance on
Saturday Night Live is seen as a major factor behind the latest Dogecoin rally
as Musk has been a major supporter of Dogecoin as people’s crypto along with
other crypto assets. Dogecoin is up more than 11,000% this year and most
investors do not want to miss on this once-in-a-lifetime opportunity of
long-term wealth creation. Ether is already around $3500 mark and Dogecoin
offers a low-cost entry into the lucrative digital asset economy”.
Dogecoin, after the recent surge, has become the
4th largest crypto asset in the world by market cap ahead of ripple
(XRP). Dogecoin offers a lucrative option to investors for long-term wealth
creation and investors can buy Dogecoin at 0% fee on the BuyUcoin platform.
BuyUcoin has continued to scale the technology within an ever-expanding user
base touching the first milestone of 15K+ users in July 2017 to the current
figures of 500K+ verified users in March 2021.
About
BuyUcoin:
Founded in July of 2016, BuyUcoin is a crypto
wallet and exchange platform where merchants and consumers can transact with
digital assets like Bitcoin, Ethereum, ripple, etc. BuyUcoin is headquartered
in Delhi-NCR in India. With over 500,000+ customers that vouch for the ease
with which BuyUcoin enables digital asset trading. BuyUcoin is on a mission to
bring cryptocurrencies into a million Indian pockets. BuyUcoinTM and
buyucoin.com are registered entities of iBlock Technologies Private Limited.
For
more information on Dogecoin, visit https://buyucoin.com/buy-dogecoin-india
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