The price of Dogecoin (DOGE) shatters records as if it were against the largest cryptocurrency Bitcoin (BTC).
While BTC, which reached the highest value of all time by approaching $ 65,000, entered the decline process, DOGE, which was implemented based on the internet joke, saw the value of $ 0.32 on the Binance stock exchange.
A daily candlestick chart for the DOGE / USDT pair. Source: TradingView
Traded at $ 0.0046010 on January 1, 2021, DOGE broke a record with $ 0.3231767 on April 16, 2021. The price increase since the beginning of the year was calculated as 7.024 percent.
The internet joke-based altcoin, the favorite crypto currency of billionaire Elon Musk, has nearly doubled in value in the past 24 hours.
DOGE wreaked havoc on the altcoin market
According to Cointelegraph Markets and TradingView data, Dogecoin has become the 8th largest cryptocurrency in terms of market capitalization. It outperformed high market cap competitors such as Litecoin (LTC), Chainlink (LINK) and Uniswap (UNI).
At the time of the news publication, DOGE was trading around $ 0.3. Dogecoin has gained 437 percent in the last week.
This is the first $DOGE pump I have missed in years, but I still absolutely love to see it. Favorite asset of all time, changed my life in 2017.
Happy for you guys who are in it, innit?
— The Wolf Of All Streets (@scottmelker) April 16, 2021
Commenting on the issue, strategist Scott Melker said that although he missed the increase in DOGE price, he was very happy that it happened. told and added: “My favorite asset of all time changed my life in 2017.”