Do you know the secret behind the trending DogeCoin, which is hitting the crytocurrency world of late? if you’re interested in knowing what really resulted to rise of the currency, then read through this post.
Dogecoin is one of the crytocurrency known globally for open source peer-to-peer online currency transaction. It is favored by shibas worldwide.
DogeCoin was initially designed to parody cryptocurrencies and on April 15th 2021, it went higher in terms of value when it got over twenty-five (25) cents. This is as a result of Elon Musk’s tweet on Sunday, and becomes the first time it has exceeded twenty-five (25) cents.
Talking about the market cap, DogeCoin is currently just over thirty-three billion dollars ($33 billion). As at January 2021, a token of DogeCoin was merely less than a cent of dollar, of which the GameStop and DogeCoin movements hit their stride and brought the cryptocurrency to 7.5 cents which was a hit as at late January.
The DogeCoin crytocurrency later slide down to 2.5 cent, after which it started fluctuating around three (3) to the seven (7) cents in the past few months.
It’s price began to rise as at Sunday 11th April, 2021. It started from six (6) cents, and went up to smashed a milestone of ten (10) cents.
The surprising rise from ten (10) cents to twenty-five (25) cents came as a result of Elon Musk tweet who is a high profile supporter of the currency. He has tweeted further to support DogeCoin. Below is a screenshot of the last tweet he posted on his Twitter handle, in the last 24 hours.