The price of joke-turned-serious cryptocurrency Dogecoin is on the up after weeks of its investors taking losses. Elon Musk’s favorite coin was today trading at $0.23—up over 20% in the past 24 hours, as per CoinGecko data.
Dogecoin, which was invented in 2013 as a joke but now is the sixth biggest crypto with a market cap of over $30 billion, had taken a real beating. It had high hopes after a Coinbase listing earlier this month but, along with other altcoins, continued to shed value, dropping 15% in one night this week.
But today, with the rest of the market, it seems to be making a comeback: it is the best performing altcoin in the past 24 hours—and by a large margin. Ethereum, for example, is today up only 3%, still trading under $2,000. Bitcoin, meanwhile, is up 2.5% and back above $33,000.
Nevertheless, Dogecoin is still well under the all-time high of $0.73 it briefly hit last month ahead of Tesla CEO Elon Musk’s Saturday Night Live appearance.
Musk, who frequently
Źródło: https://decrypt.co/74363/dogecoin-aint-dead-price-rises-20-percent
