Dogecoin Hits New All-Time High Above 10 Cents — Someone Go Tell Musk

April 13, 2021 9:05 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Dogecoin Hits New All-Time High Above 10 Cents — Someone Go Tell Musk

Dogecoin (DOGE), the joke cryptocurrency, hit a all-time high above the psychologically important $0.10 on Tuesday evening at press time.

What Happened: DOGE soared 47.06% in a 24-hour period to $0.104 leading up to press time and is up 60.6% on a seven-day trailing basis.

The Shiba Inu-themed cryptocurrency has soared nearly 1,900% since the year began. The apex cryptocurrency Bitcoin (BTC) has returned about 117.47% in the same period.

BTC traded 5.84% higher at $63,437.61 at press time. The apex coin too hit an all-time high on Tuesday of $63,742.28.

The total market capitalization of cryptocurrencies stood at $2.19 trillion as of press time.

See also: How to Buy Dogecoin (DOGE)

Why It Matters: DOGE was buoyed by strong momentum on social media. The coin took the top spot in the Stocktwit list of ten trending tickers. Ardent Doge supporters have been keenly waiting for Doge to hit the $0.10 mark, especially since Musk went into a DOGE twitter-frenzy earlier this year. The fans see the $0.10 achievement as a stepping stone to Dogecoin ultimately hitting $1.

Discussions From Reddit Forum r/Dogecoin

The meme-themed cryptocurrency often gets discussed by Elon Musk, the CEO of Tesla Inc (NASDAQ:TSLA). Over the weekend a tweet from the entrepreneur was interpreted to suggest that DOGE was “going to the moon very soon.”

Memes are central to the success of Dogecoin, according to its co-creator Billy Markus.

See Also: What Are Dogecoin Cash And DogeCash? How Are They Different From The Real Meme Lord?

Related Articles

Elon Musk, Dogecoin, And Mars — Coin Combining Hip Trends Soars Over 760% In A Week

A cryptocurrency, whose name combines trendy elements like Dogecoin (DOGE), Elon Musk — the CEO of Tesla Inc (NASDAQ: TSLA), and the planet Mars, has soared over 150% at press time late night Tuesday. read more

Soaring DeFi Token Yearn.Finance Is 'Tesla Of Self-Driving Investment Management,' Says Analyst

DeFi token Yearn.Finance (YFI) has soared nearly 50% in the 24-hour period leading up to press time. What Happened: YFI traded 47.38% at $88,287.37 at press time on Tuesday night. On a seven-day trailing basis, the coin has risen 68.07%. read more

Crypto Exchange Turned All Investor Assets Into Dogecoin Without Telling Them, Alleges New York

New York Attorney General Letitia James has accused cryptocurrency trading platform Coinseed Inc. of continuing to defraud investors by moving all of its clients’ assets into the meme cryptocurrency Dogecoin (DOGE) without their permission or knowledge. read more

Tuesday's Market Minute: Thar She Doge

For the last several months, Tesla (NASDAQ: TSLA) and SpaceX founder Elon Musk has been pledging to take Dogecoin to the moon. On Sunday, he tweeted that SpaceX is launching a satellite named “Doge-1” on a mission paid for with Dogecoin. read more