The popular meme-based crypto-asset dogecoin has seen phenomenal gains during the last few days. On August 16, 2021, the digital currency featuring the likeness of the Shiba Inu dog tapped an all-time high at $0.44 per token. However, the cost to send a transaction in dogecoin has jumped to that price as well on Friday.
Who Let the DOGE Out?
- Dogecoin (DOGE) has spiked massively this week in value shocking everyone watching digital currency markets in action. DOGE jumped to a high of $0.44 per unit on Friday morning at 9:45 a.m. (EST).
- At 11:16 a.m. (EST), DOGE 24-hour gains have jumped to 187.22% and seven-day gains have spiked over 497.11% against the U.S. dollar. Against bitcoin (BTC), dogecoin has gained 465.06% this week.
- Meanwhile, at the same time frame, stats also show that dogecoin has gained 3,872.55% in a mere three months. 509.30% during the course of the last month, and a whopping 18,299.46% against the U.S. dollar during the last 12 months.
- DOGE transaction fees have jumped as well and the average transaction now costs 1.25 DOGE or $0.465 USD according to bitinfocharts.com. The statistics show in recent weeks as dogecoin (DOGE) values rise, DOGE network fees follow suit.
- Dogecoin has also been getting a lot of attention from celebrities and businesses like Slim Jim, the famous beef jerky maker.
- â€œTo kinda quote a movie â€˜Doge keeps going up, but our pricing at [the] Dallas Mavs Shop stays the same,â€™â€ Mark Cuban tweeted on Friday. â€œWe just set a 24-hour record for merch sales in Doge,â€ the investor added.
- At 11:00 a.m. (EST), dogecoin (DOGE) markets captured the 5th market position in terms of market valuation. At that time frame, DOGEâ€™s overall market valuation was worth $50.35 billion. Some crypto advocates have been ecstatic and have been rooting DOGE on while others have called it â€œdumb money.â€
- At 12:33 a.m. on April 15, 2021, Teslaâ€™s Elon Musk tweeted about DOGE once again. The Tesla CEO shared a meme and said: â€œDoge Barking at the Moon.â€ Subsequently, dogecoin prices started to climb relentlessly after that tweet.
- On April 20, 2021, otherwise known as â€œ4:20 Dayâ€ for many cannabis proponents, will also be â€œDoge Day,â€ according to a number of fans. â€œThis day might push it to $1,â€ tweeted Christopher MuÃ±oz on Thursday.
- Galaxy Digitalâ€™s Mike Novogratz took a jab at dogecoin (DOGE) and XRP during his latest interview with Marketwatch when he called them â€œweird coins.â€ Because tokens like these have been spiking, Novogratz has warned of a crypto market â€œwashout.â€
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