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Tuesday, June 22, 2021

Dogecoins’ market cap has surged up to $87 billion

Dogecoin, the meme cryptocurrency, had its best year from its launch. By boosting year-to-date gains of more than 14,000%, which puts it on top 10 of most highly valued digital assets for this whole year. 

According to CoinDesk, the digital coin was changing hands at 68 cents, up about 37% for the last 24 hours, and up around 14,180% until now in 2021. For the first time on Tuesday, it broke above 50 cents per share.

In 2013 Dogecoin started as a joke, when the cryptocurrency was in its infancy, and there was a flood of small coins entering the market. 

Coinbase now lists Dogecoin with a market cap of $87 billion. Doge regained popularity from billionaires like Elon Musk and Mark Cuban, and its easy access through the free-trading app Robinhood. 

Tesla owner, Elon Musk is responsible for a lot of the Dogecoin success these last month, and this week he planned to go on the “Saturday Night Live” show on NBC, and him talking about the currency on national television could be the chance for the Dogecoin to have another all-time record. 

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