Good doggie! – Dogecoin doubles to a new record high
Since the beginning of the year, the “joke crypto currency” has increased 5,000%, while compared to the previous year it even achieved a full plus of 12,600%.
The popular cryptocurrency Dogecoin (DOGE), for which the notorious entrepreneur Elon Musk has assumed a kind of “patronage”, has doubled its price in the last 24 hours, climbing to a new record high of 0.29 US dollars.
The greyhound is running away from the market
The massive gain catapults the “joke cryptocurrency” into the top 10 of market capitalization, which inevitably gives it legitimacy. In 8th place depends on the “dog coin” itself well-known crypto projects such as Litecoin (LTC), Chainlink (LINK) and Uniswap (UNIVERSITY) from.
At the time of going to press, the DOGE leveled off at $ 0.26, which is a proud daily profit of 100%. Over the entire last week, the achieved increase amounts again to 300%, while a massive increase of 5,000% has been recorded since the beginning of the year, which underlines that the soaring of the “dog” is not a flash in the pan.
Compared to a year ago today, shortly after the big crypto crash in spring 2020, Dogecoin has shot up by an almost unbelievable 12,600%.
The DOGE is and remains on the road to success, but nevertheless today’s sentence came as a surprise even for die-hard fans.
“This is the first upswing for the DOGE in years that I have missed, but I can still be happy about it. It’s my favorite cryptocurrency, after all, that changed my life in 2017. I’m happy for everyone who was able to benefit from it today, ”said crypto expert Scott Melker commented.
Everyone else looks old
The luck of one is the bad luck of the other. This applies not only to crypto investors like Melker, who missed the new record high for Dogecoins, but also to other altcoins and to market leader Bitcoin (BTC). The latter suffered losses today that pushed the price back to $ 61,000.
A downturn of just under 3% is not very encouraging for the market-leading crypto currency, but the experts are confident that there will still be plenty of room for improvement, provided that the current sideways movement does not collapse drastically.
The market dominance of Bitcoin is now only 52.1%, which can be explained by the current strength of the Altcoins, and not so much by the weakness of BTC.