From the beginning of the year, DOGE skyrocketed. But for the last 24 hours, the coin is up with 36%. One of the reasons is that the social trading platform eToro listed the meme coin but there is more.
Dogecoin hit a new all-time high today! The cryptocurrency went over $0.60 but at the time of writing is back to $0.55. The coin is currently the fourth most valued cryptocurrency according to Coinmarketcap.
Yesterday one of the biggest platforms for social trading eToro listed the meme coin. In addition, there are many social media influencers and celebrities who praise DOGE.
As we all know one of them is Tesla’s CEO Elon Musk. He tweeted regularly about the cryptocurrency in recent months and adopted the title of “Dogefather.” Musk’s tweets have been linked to increases in the price of DOGE – though in a discussion on Clubhouse in February, he stated that his posts about Dogecoin are “really just meant to be jokes.”
Other prominent figures who have lent their support to Dogecoin include Mark Cuban. The billionaire entrepreneur and owner of the Dallas Mavericks basketball team yesterday turned his attention to the meme coin.
According to him, DOGE can become “a usable currency” if more companies start accepting it for their products and services, and it “may hold its purchasing value better than a $ in your bank.”
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