![]() The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. The token gave a return of 24.82% over the past 30 days.Īlso Read: Why is Adadao (ADAO) crypto gaining attention? Its total and current circulating supply are 132.67 billion. It has a market cap of US$20.41 billion, and its fully diluted market cap is US$20.39 billion. The DOGE coin was priced at US$0.1539 at 6:50 am ET on April 5, up 7.10%, while its volume for the last 24 hours surged 95.21% to US$2.61 billion. In May 2021, Elon Musk tweeted that he had been working with Dogecoin developers to improve the project's system efficacy.Īlthough there is no direct relation between Musk's Twitter stake and the latest Dogecoin rally, experts believe it may have been a key factor, particularly after the buzz on social media.Īlso Read: What is Sologenic (SOLO) crypto? Know price and performance ![]() ![]() This news also had bumped up Dogecoin prices. Tesla has begun accepting payments in DOGE at its online merchandise stores and charging stations. He and Tesla had Bitcoin (BTC) worth over US$2 billion as of 2021-end.Īlso Read: Why PLC Ultima (PLCU) crypto skyrocketed nearly 300% YTD? Musk is one of the famous supporters of digital currencies. The Tesla chief said he bought a 9.2% stake worth US$2.88 billion in the social media company. The coin has been rallying after Musk announced a major stake in Twitter Inc. It is available on exchanges like Binance, OKX, Bybit, etc.Īlso Read: What is Moonbeam (GLMR) crypto? Everything you need to know Why is it gaining traction? The DOGE token is used as a tipping system on social media to reward quality content creators. It can be mined through solos or by joining a mining pool. Its block time is 1 minute, and its total supply is uncapped, meaning there are no max limitations to the number of DOGE coins that can be mined. He keeps tweeting about the crypto regularly.Īlso Read: Why is RAMP (RAMP) crypto grabbing attention?ĭogecoin, however, differs from the proof-of-work mechanism of Bitcoin in several ways, like using Scrypt technology. It is one of the favorite cryptos of Tesla CEO Elon Musk. ![]() The creators considered the meme-coin a fun and light-hearted crypto, hoping it would fascinate the core Bitcoin audience. It was forked from Litecoin in December 2013. It is an open-source digital currency created by Portland-based Billy Markus and Australia-based Jackson Palmer. ![]() The global crypto market rose 1.41% to US$2.16 trillion, and the trading volume increased by 6.31% to US$104.31 billion in the trailing 24 hours to 6:53 am ET on Tuesday.Īlso Read: Hypebeast SPAC deal: When is Naomi Osaka-sponsored firm debuting in US? What is Dogecoin (DOGE)?ĭogecoin (DOGE), based on the popular internet meme "doge", features a Shiba Inu on its logo. Market leaders like Bitcoin (BTC) and Ethereum (ETH) also surged. The DOGE token surged over 7%, while its one-day volume jumped more than 95%. On Tuesday, meme coins such as Dogecoin (DOGE) gained traction as part of a broader market rally. ![]()
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