fbpx
QQQ
+ 0.00
331.51
+ 0%
DIA
+ 0.00
345.54
+ 0%
SPY
+ 0.00
419.10
+ 0%
TLT
+ 0.00
139.92
+ 0%
GLD
+ 0.00
170.04
+ 0%

Dogecoin But On Ethereum Blockchain? renDOGE Hits All-Time High

May 4, 2021 12:27 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Dogecoin But On Ethereum Blockchain? renDOGE Hits All-Time High

renDOGE (RENDOGE), a one-for-one representation of Dogecoin (DOGE) on Ethereum’s (ETH) blockchain — soared to an all-time high of nearly $0.46 on Monday.

What Happened: At press time, RENDOGE traded 8.96% higher at $0.42, while ETH traded 9.38% higher at $3,300.75.

DOGE touched all-time highs on Monday night, touching nearly the $0.45 level thanks to Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s upcoming “Saturday Night Live” appearance. The Shiba Inu-themed cryptocurrency traded 10.93% higher at $0.42 at press time.

See Also: How to Buy Dogecoin (DOGE)

ETH also rose to a new all-time high of $3,450.04 on Monday evening. 

Why It Matters: Ren, an open protocol, that claims to enable the movement of value between blockchains, launched renDOGE in January

The Open Ren Doge decentralized application or dApp allows people to mint and burn DOGE on Ethereum. The Chief Operating Officer of Ren, Michael Burgess, said about the development at the time, ”Dogecoin is no longer a meme coin; it is now a viable financial instrument in its own right.”

DeFi or Decentralized Finance linked coins, projects and the entire arena have been gaining traction of late. PanCakeSwap (CAKE) and Binance Coin (BNB) are some other cryptocurrencies that have soared lately amid the frenzy.

Read Next: Crypto Gains Bought A House For Washington Engineer Who Bet On Chainlink And Avoided Dogecoin Like The Plague


Related Articles

Will Elon Musk's NFL Appearance Just Be A 90-Minute 'Infomercial' For Dogecoin?

Will Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's “Saturday Night Live” episode turn out to be a 90-minute infomercial for Dogecoin (DOGE)? So wonders actor and comedian David Spade. read more

Robinhood The Biggest Dogecoin Whale? Here's What CEO Tenev Has To Say

Robinhood Markets CEO Vlad Tenev has dismissed speculation that his brokerage platform may be the so-called “dogecoin whale,” the owner of a huge stockpile of the meme cryptocurrency Dogecoin (DOGE). read more

As Dogecoin Rally Mutes, 'Cheaper' Ethereum, Bitcoin Look-Alikes Stike Massive Gains

Dogecoin (DOGE) traded nearly 17% lower on Thursday night at press time as the cryptocurrency took a breather from its recent upwards march, but Ethereum Classic (ETC) and Bitcoin Diamond (BCD) charted a different course. read more

Does Dogecoin Look Ready To Escape The Leash?

On May 4, Dogecoin (CRYPTO: DOGE) jumped over a fence of resistance and ran up to a new all-time high of $0.69 the following day, a milestone Dogecoin enthusiasts had hoped to reach on April 20. read more