Yesterday, it was the 33rd largest cryptoassets by market capitalization, today – it’s 7th. Created as a joke in 2013, dogecoin (DOGE), can’t stop its Wallstreetbets ignited super rally and is going parabolic for the second day now.
At the time of writing (05:26 UTC), DOGE trades at USD 0.0724 and is up by 502% in a day and 787% in a week. It skyrocketed by 1,554% in a month and 2,970% in a year, per Coingecko.com data.
DOGE price chart:
As reported, yesterday, the rally started after “WSB Chairman”, who claims to be the “Chairman of WallStreetBets,” the r/wallstreetbets subreddit, with 5.6m (was 4.6m yesterday) users, responsible for the GameStop pump this month, asked about Dogecoin. And it was enough to send DOGE to the top 10 Club in one day.
The Chairman has a question today too:
@WSBChairman Because its a meme coin… based off a meme picture of a shiba inu… its infinitely mineable and has… https://t.co/dy4OJzS1bl
This is the second coordinated DOGE pump in less than a year. Last summer, the TikTok community unsuccessfully tried to lift the price of the coin to USD 1.
DOGE market capitalization (USD 9.3bn) is now bigger than chainlink (LINK)’s (USD 9bn), litecoin (LTC)’s, stellar (XLM)’s. Bitcoin cash (BCH) and binance coin (BNB) have also been left behind.
The 24-hour DOGE trading volume hit almost USD 42bn, or more than ethereum (ETH)’s USD 35bn. Bitcoin (BTC) trading volume stands at USD 57.9bn. BTC trades at USD 32,995 and is up by 6% in a day and 7% in a week. ETH is up by 1.5%, to 1,297. It’s up by 16% in a week.
Meanwhile, Google searches for “dogecoin” surpassed “bitcoin” this week.
__
Learn more:
Cubans Turn to Bitcoin, Ethereum and Dogecoin as US Sanctions Bite
Penny Altcoins Rally While TikTokers & Co Go on a Pumping Spree
Dogecoin Pump Ends as Price Dumps 40% From Top
This is Why Dogecoin is Better than ‘Altcoins-Degenerators’
Credit: Source link
