April 23, 2024

Dogecoin cryptocurrency capitalization grew by $ 6 billion in 24 hours

On the morning of January 29, the altcoin's value rose to an all-time high of $0.0875.During the day, the coin rose in price by460%.

On Friday, January 29th, the Dogecoin priceFor the first time, the Binance crypto exchange climbed to $ 0.0875. The capitalization of the cryptocurrency exceeded $ 10 billion, according to this indicator, the asset occupied the sixth line, after which its price decreased and it dropped to eighth place. As of 10:00 Moscow time, the altcoin price is $ 0.053.

The altcoin rate began to rise yesterday morning afterafter she was mentioned by Twitter user WSB Chairman (more than 700 thousand subscribers). He first asked if anyone holds Bitcoin, then asked why everyone is talking about Dogecoin. WSB Chairman is one of the active participants in the recent pump of shares of various companies, including the Gamestop video game store chain. During the month, their quotes grew more than 11 times.

Also a few hours ago the head of Tesla and SpaceXElon Musk posted on his Twitter a comic magazine cover with a dog and the name Dogue. Musk has already written about the altcoin several times, after which its value has increased. For example, on December 21, 2020, Musk posted a post: "One word: Doge" and changed the description to "Former CEO of the Dogecoin project" (Musk's old joke).

Altcoin was created in 2014 with no purpose of practical use. Its symbol is a photograph of a Shiba Inu dog.

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