Dogecoin (DOGE) continued its fast ascension on Tuesd, as the coin price for the world’s most beloved meme coin crossed the $0.50 barrier for the primary time.
On Tuesday, the worth of Dogecoin climbed from $0.389421 to $0.541900 — a 39% improve — which marked a new all-time excessive for DOGE.
Buoyed by a itemizing on United Kingdom-based cryptocurrency change eToro and a pending tv debut on Saturday Evening Dwell, Dogecoin continues to confound observers who took the coin as its creator meant — i.e., a joke.
However Dogecoin is popping out to be one of the worthwhile jokes within the cryptocurrency area, as evidenced by its miraculous surge because the begin of the 12 months.
On Jan. 1, Dogecoin was valued at lower than one cent. Simply over 4 months — and 10,922% development later — the coin is now valued at simply over half a dollar.
The rapidity of Dogecoin’s development ought to maybe be a signal of warning to would-be buyers, given the coin’s 50% price drop as just lately as mid-April. Comparable volatility was noticed in February, when one tweet from Elon Musk appeared to undo almost 25% of Dogecoin’s development in a matter of hours.