Dogecoin, which was originally made as a joke, went up to $ 0.3 yesterday. This is the first time the Dogecoin price has risen to this level. The market value of this digital currency is about $ 30 billion.
to the the report The Dogecoin price tag is the result of thousands of buyers, tens of thousands of posters in cyberspace and, of course, the world’s richest man, Elon Musk. Earlier, the Digital Currency Society announced plans to raise the price of the Dogecoin by 10 cents; Now the price of Dogecoin has crossed that range and is fluctuating at its historical peak. The Dogecoin currently trades in the $ 0.23 range.
Many compare the Dogecoin jump to the GameStop stock jump. Investors in the Wall Street Bets Association at Reddit set out to raise GameStop shares to $ 1,000. At the time, the company was trading at $ 3.77 per share. In the end, they managed to raise the stock price of Game Stop to $ 483.
In early January, each token traded less than 1 cent. In late January, Dogecoin jumped 10 times to $ 0.75 as GameStop shares jumped. It dropped to $ 0.25 shortly afterwards. In recent months, the price of Dogecoin has been fluctuating in the range of 3 to 7 cents. Dogecoin jumped to $ 0.06 on Sunday, then crossed 10 cents.
Many attribute the Dogecoin jump from $ 0.1 to $ 0.2 as a result of Elon Musk’s controversial tweet and his over-reliance on the digital currency. He tweeted a while ago:
The dog barks on the moon.