The popular crypto currency Dogecoin (DOGE), born as an internet joke, has become one of the most valued cryptocurrency markets this week.
DOGE has gained 86 percent in the last 24 hours and more than 122 percent in the last seven days. With this rally, the crypto money rose among the top 10 cryptocurrencies in terms of market value, according to CoinMarketCap data.
DOGE’s sharp rise reflects the overall positive mood of the cryptocurrency market in its current state. The fact that the US giant exchange Coinbase will be listed on Nasdaq today further increased the excitement of the market, and both Bitcoin (BTC) and Ether (ETH) broke record after record this week.
On the other hand, this “joke” is behind the parabolic rise of cryptocurrency. Elon Musk, Snoop Dogg and Gene Simmons There are also celebrities like. Musk’s relationship with the rise in the cryptocurrency price was so striking that in February even rumors that US regulators could initiate an investigation against the businessman began to circulate.
DOGE has received attention from many circles, including the media, spot and entertainment industries. Mark Cuban announced on April 14 that the Dallas Mavericks store saw a 550 percent increase in payments made with DOGE.
The r / Dogecoin subreddit was the third most active of Reddit’s crypto-related groups last month.