Dogecoin Appreciates By 20% After Weeks Of Struggle

The price of meme coin Doge is gradually moving up after some weeks of serious beat down in price. Investors of dogecoin taken losses over the past week as a result of price dips. The favorite cryptocurrency of Elon Musk has appreciated by over 20 percent in the past 24 hours.

- Advertisement -

The rest of the cryptocurrency market seems to be recovering from loss. Dogecoin has been the best performing altcoin in the last 24 hours with a large margin. Ethereum, for example, is today up by 3 percent. Bitcoin is also on the rise and it has stayed above 30,000 US dollars since it dipped below 20,000 dollars for the first time since February.

Although there has been a significant improvement in the price of Dogecoin we are still not certain about when it will hit an all-time high of 0.73 US dollars. Elon Musk’s frequent talk about cryptocurrency on Twitter is a major driving force on the rise of the meme coin.  He has continued to influence the price swing of Dogecoin and other cryptocurrencies with his series of posts on Twitter.

Dogecoin was invented in 2013 as a joke but is now the sixth biggest cryptocurrency. digital currency currently has a market cap of over 30 billion dollars. Dogecoin was listed in Coinbase Pro earlier this month along with other altcoins but it continued to shed value dropping by 15 percent in one night this week.

Some people have made a lot of money by investing in Doge. Glauber Contessoto made headlines when he became a millionaire by investing all his savings in Doge. He has however lost that millionaire status because he refused to cash out. Dogecoin developers have admitted that they are working on making the digital currency a rival to Bitcoin. They are hoping it will be faster, cheaper, and more environmentally friendly.

Previous Articles:

- Advertisement -

Latest News

Maine Attorney General Recovers Thousands in Crypto Scam Case

The Maine Attorney General's Office has recovered thousands of dollars for a victim of...

Coinbase Shares Hit Highest Level Since 2021 Nasdaq Debut

Coinbase stock reached its highest price since its 2021 listing, nearly returning to debut...

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

Must Read

17 Best Cryptocurrency Wallets

If you are looking for a list with the best cryptocurrency wallets, then you've landed on the right page. Cryptocurrency, as we all know,...