People bought dogecoin as a joke. They are now getting returns in both hands. Dogecoin is consistently on the rise ahead of Dogeday.
Dogecoin is everywhere, thanks to the people of the United States. $DOGE is now the fifth biggest currency according to market cap. The coin reached the highest value of $0.43 on Monday morning. It has kept surging despite the downward trend in the overall crypto market.
Doge briefly surpassed XRP on the coin market cap. However, at the time of this writing currency is t 5th place again below XRP.
Also Read: Dogecoin Price Today at $0.13
In the last week, dogecoin’s 340% rally took it to an all-time high value for the first time in a while.
At the time of this writing, Dogecoin is trading at $0.39 with a weekly rise of 415%. The currency has a market capitalization of $49.74B.
Dogeday is over the horizon. The hashtag dogeday is trending on Twitter. People are expecting a further rise in currency’s value.
Dogecoin may not have as much utility as other currencies like bitcoin but it is all over the place these days. Snickers candy bar company promoted $DOGE through their official Twitter account.
— SNICKERS (@SNICKERS) April 19, 2021
Another candy bar company, Milky way, also jumped on the bandwagon to support $DOGE.
— MILKY WAY (@milkyway) April 19, 2021
If anything, the whole dogecoin saga shows the power of the internet and social media.