Why is Dogecoin Suddenly Skyrocketing?
  • 2 years ago
Dogecoin seems to have suffered as much as any of the cryptocurrencies on the market, especially as the global market cap has dropped and apex tokens like Bitcoin and Ethereum falling to unprecedented lows. However, Dogecoin has started a recovery, picking up 6% in the last 24 hours after losing nearly 8% in the previous 7 days. Moreover, Dogecoin is outperforming Bitcoin and Ethereum, making gains on both currencies and capitalizing on a near 1% increase in the global market cap. As major cryptocurrencies are constantly faced with talk of climbing uphill, Dogecoin is still cheap enough that bulls want to buy as much as they can. Known Doge-bull David Gorkhshtein said on Twitter that he was itching to get a bag of Doge. Then, Dogecoin co-creator Billy Markus mocked Bitcoin maximalism, seeming to indicate that there is more out there than a very expensive Bitcoin. At press time, Dogecoin was up over 4%, sitting at just about 15 cents.
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