On February 21, 2025, Gordon (@altcoingordon) tweeted a comparative analysis of the pieces even between 2024 and 2025, which aroused significant interest among traders (source: Twitter, February 21, 2025). According to Coingecko data, the total market capitalization of parts even on February 20, 2024, was around $ 10.3 billion, while on February 20, 2025, it increased to $ 25.8 billion, marking an increase 150% from one year to the next (source: Coigecko, February 20, 2025). This growth can be attributed to several factors, including an increase in social media engagement and the introduction of new coins. For example, Dogecoin (Doge) saw its negotiation volume go from an average of $ 1.2 billion per day in February 2024 to 2.9 billion dollars per day in February 2025 (source: Coinmarketcap, February 20, 2025 ). Likewise, Shiba Inu (SCH) experienced an increase in volume of $ 800 million to $ 1.5 billion during the same period (source: CoinmarketCap, February 20, 2025). In addition, the launch of new coins like Pepe Coin (PEPE) and Doge Killer (DK) contributed to this market expansion, PEPE reaching a market capitalization of $ 2 billion in the month following its launch in January 2025 ( Source: Coindecko, January, 15, 2025).
The commercial implications of this increase in market capitalization of the same part are substantial. The traders noted increased volatility of the prices of the memes, DOGE undergoing a price switch of 20% within 24 hours on February 18, 2025, going from $ 0.10 to $ 0.12 (Source: TradingView, February 18 2025). This volatility has both opportunities and risks for traders. The volume of trading for the DOGE / BTC pair increased by 120% from February 1, 2024 on February 1, 2025, indicating increased interest in negotiating parts even against major cryptocurrencies (source: Binance, February 1, 2025). In addition, the Doge / USDT pair on Coinbase saw a 150% trading volume wave over the same period (source: Coinbase, February 1, 2025). Channel metrics also reflect this trend, the number of active Doge addresses from 1.5 million in February 2024 to 2.8 million in February 2025 (source: Glassnode, February 20, 2025). This increase in active addresses suggests a growing user base and an additional price movements potential.
The technical indicators for parts even have significant changes. The relative resistance index (RSI) for DOGE was 72 years old on February 20, 2025, indicating surbilment conditions (source: tradingView, February 20, 2025). The Divergence of Mobile Average Convergence (MACD) for SHIB showed a Haussier crossing on February 15, 2025, suggesting an upward boost (source: TradingView, February 15, 2025). Bollinger strips for Pepe were widely widened on February 10, 2025, reflecting increased volatility (source: tradingView, February 10, 2025). In terms of trading volumes, the Doge / ETH pair on UNISWAP saw an increase in volume of 180% from February 1, 2024 on February 1, 2025 (Source: Uniswap, February 1, 2025). The SHIB / BTC pair on Kraken also experienced a volume of 130% over the same period (source: Kraken, February 1, 2025). These volume changes and technical indicators suggest that the parts even continue to be a dynamic and potentially lucrative segment of the cryptocurrency market.