Dogecoin Leaves Altcoin Market In Dust - Record High Gains Of +110% For The Day.
2021-04-16 | Selina Mathew
Dogecoin [
DOGE], the meme-based altcoin which has become
a favorite cryptocurrency of Elon Musk, has doubled within 24 hours to hit all-time highs of $0.29 USD.
DOGE Leaves the Altcoin Market In Dust.
CoinMarketCap and
TradingView showed DOGE/USD outperforming other leading cryptocurrencies by an order of magnitude today on 16
th April.
In what appears an almost unbelievable move, Dogecoin has also become the 8
th-leading cryptocurrency by market cap, surpassing Litecoin [LTC], Chainlink [LINK], and Uniswap [UNI] along with several other bull players.
At the time of reporting,
1 DOGE traded at around $0.25 USD. Gains on any timeframe remained beyond impressive - 80% on the day, 300% over the past 7-days, and year-to-date returns of more than 5,000%.
Versus
an equivalent date one year ago, shortly after
the pit of the brief 2020
market, Dogecoin is up 12,600%.
Reacting, it appeared that even professional traders had been caught
all of sudden.
"This
is the first DOGE pump
I even have missed in years, but I still absolutely
like to see it. The favorite asset of all time changed my life in 2017. Happy for you guys who are in it, innit?" Scott Melker
tweeted.
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