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Why is Dogecoin skyrocketing today?

Why is Dogecoin skyrocketing today?

1 min read

Dogecoin (CRYPTO: DOGE) was trading 14% higher at $ 0.3376 as of early Monday after a 24-hour tracking period.

Observed movements

DOGE had soared 40.04% after a period of seven days to press time.

In front of the main cryptocurrencies, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE was trading 8.39% and 8.66% higher, respectively.

DOGE has risen 91.1% in 30 days and has soared 5,798.26% since the beginning of the year.

Why is it moving?

DOGE was trading higher alongside major cryptocurrencies on Sunday night.

The Shiba Inu-themed cryptocurrency surpassed the 30-cent mark on Sunday after the CEO of Tesla Inc (NASDAQ: TSLA), Elon musk, will show on social networks its agreement with the presenter of “Shark Tank”, Mark Cuban, in which DOGE is the strongest cryptocurrency as a medium of exchange.

The hashtag # DogeCoinTo1Dollar was trending on Twitter on Sunday thanks to the support of the youtuber Mark Wallace, among others.

DOGE was the second most mentioned cryptocurrency on the trading platform. Twitter Inc (NYSE: TWTR) after BTC, according to Cointrendz.com.

Meanwhile Sathvik Vishwanath, the CEO of Unocoin Technologies, backed by Tim Draper, said that DOGE’s growth was due to “hype and trends” and that those asking for the moonshot of meme currency “they don’t know the market at all.”

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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