JAKARTA - This week the price of Dogecoin has skyrocketed. Dogecoin rallied for the second day in a row to a new high or all-time high on Tuesday.
The cryptocurrency inspired by the popular 2013 meme shot up to its latest record price when cryptocurrency exchange platform Coinbase took the floor on the US stock exchange, Nasdaq.
According to Coindesk, at the time of the press, the price of Dogecoin (DOGE) rose to $0.13 (around IDR1,900), or an increase of about 68 percent in the last 24 hours.
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL
- Elon Musk (@elonmusk) April 15, 2021
At Messari, Dogecoin's market capitalization has also surpassed bitcoin cash (BCH) and chainlink (LINK). Currently, DOGE is ranked as the 10th most valuable cryptocurrency.
Messari data also reveals that 100 cryptocurrencies have a market capitalization of $1 billion. This was triggered by the global crypto market which skyrocketed to the US $ 2.22 trillion figure.
"Coinbase is becoming a hype in cryptocurrency, in terms of valuations and domino effects in other markets", wrote QCP Capital on Monday, April 12.
Until this news was written, Dogecoin had touched a price of IDR 2,000 per coin. Even though last week, Elon Musk's favorite crypto money only touched the IDR900.
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