369 Interactions, 2 today
The meme-based cryptocurrency’s price has reached an all-time peak, approaching $0.20.
Dogecoin’s price has risen apparently without much help from influential personalities on social media or significant advances in the project.
At the time of publishing, the price of Dogecoin (DOGE) was more than $0.18, with a market capitalisation of approximately $23.8 billion, according to CoinMarketCap reports. The token’s price has increased by more than 63 percent in the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) to become the eighth largest cryptocurrency by market value.
In recent days, more supermarket stores have accepted the currency as a means of payment. On Tuesday, a famous Miami nightclub revealed that it would welcome DOGE as payment for seats, drinks, and merchandise when it reopened.
Mark Cuban, owner of the Dallas Mavericks and a supporter of the DOGE, also announced that the basketball team’s store has sold more than 122,000 DOGE worth of merchandise — more than $16,000 at the time of publishing — after accepting the token in March. Cuban said that the team “will never, ever sell a single Doge.”
Despite the fact that Tesla CEO and DOGE enthusiast Elon Musk tweeted one of his memes during the token’s price spike, the recent rally may clearly represent the crypto market’s environment. This week, when the prices of Bitcoin (BTC) and Ether (ETH) hit fresh all-time peaks, mainstream media coverage was mostly centred on Coinbase’s COIN supply being listed on the Nasdaq.