2 November 2024
Dogecoin Went Up High By 50 Percent
<p><strong> Dogecoin has become the best performing crypto asset of the top 100 by market capitalization as it increased by 50% in the past hours. As per CoinGecko, there has been over $700 million worth of cryptocurrency traded over the past day and it is seeing strong volume figures on this rally. </strong></p><p><br> </p><p> </p><p> </p><p>Seeing an increase in the price of almost 50% has shocked many investors. Yesterday, there were some proponents of Ethereum Classic on Twitter stating that ETC was primed to flip Dogecoin in terms of market capitalization. <strong>And the rank states that DOGE is above ETC. </strong></p><p><br> </p><p>Though the rally has surprised many <strong>it’s worth noting that DOGE has long had an explosive bout of price action in previous bull markets. In every few years, the DOGE coin undergoes extremely strong exponential rallies which go highs against the U.S. dollar and sometimes even against Bitcoin.</strong></p><p><br> </p><p> </p><p><strong>Currently, DOGE prices are trading at their highest price since the February 2018 rally. It has nearly $1 billion of market capitalization. Seeing the Dogecoin following a similar path to the ones it took in previous bull cycles, some think that it does have room to run.</strong></p><p> </p><p> </p><p><strong>Dogecoin becomes popular when Elon Musk, CEO of Tesla and SpaceX, has begun to tweet about the cryptocurrency in a joking manner.</strong></p><p><br><br> </p>Explore related on CoinsCapture
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