Dogecoin (DOGE) spiked over 900% in less than two days from $0.0078 to an all-time high of $0.078. Also, DOGE is ranked among the list of top ten crypto assets in the market cap.
Dogecoin surges ranking among top cryptocurrencies
DOGE is created “as a joke”, now seen a surge after Redditors encouragement to buy. According to CoinGecko, DOGE’s price is at $0.0367 with a 24-hour volume of over $28.15 million, at the time of writing.
Reddit users in a/ SatoshiStreetBets thread encouraged traders to get the cryptocurrency up to $1. However, this led to the cryptocurrency DOGE price surge. Users wrote messages like “Let’s make DOGECOIN a thing”, “NEED $1, Doge”. Also, shared how much users bought in the thread.
#Dogecoin, a cryptocurrency originally started as a joke is up 72%. Reddit is at it again. Here are some screenshots from a Reddit board called "SatoshiStreetBets" (Satoshi = mysterious founder of bitcoin). Posts encouraging ppl to send Dogecoin to $1. Currently just over $0.01 pic.twitter.com/9Nj5bPjOwc
— Arjun Kharpal (@ArjunKharpal) January 28, 2021
Moreover, the spike was also bolstered by a tweet from Elon Musk, Dogecoin’s former CEO, and Tesla chief executive. DOGE also experienced a price surge over 120% previously on January 2. More so, when an adult film star made a tweet in support of holding the crypto.
In Spite of a widely exciting rally, crypto data site TheTIE reported that DOGE became the subject of over 90,000 tweets. Nevertheless, this is the first altcoin to get a huge Twitter-volume than Bitcoin.