Dogecoin increased 4,600% in value in one year and Elon Musk gives it another push

Dogecoin increased 4,600% in value in one year and Elon Musk gives it another push

According to the specialized platform CoinMarketCap , the cryptocurrency started as a joke, dogecoin (DOGE), its value increased about 4,600% in the past year. This achievement is largely due to the boost given to it by billionaire Elon Musk , who has made it clear that it is his favorite digital currency.
In August 2020, each DOGE token cost 0.002802 cents on the dollar, and today it is trading at $ 0.2964. This price is still below its historical maximum: almost 0.69 cents on the dollar on May 6.
It may interest you: Vitalik Buterin, creator of Ethereum, earned more than 4 million dollars with Dogecoin thanks to Elon Musk The platform’s analysis also ranks Dogecoin as one of the top performing cryptocurrencies in the second quarter of 2021. So far this year, the meme-inspired digital currency posted a 400% growth. Only in the last 24 hours it rose 12%.
Source: CoinMarketCap.com .
Elon Musk, the biggest fan and promoter of Dogecoin Tesla and SpaceX CEO Elon Musk has been the strongest and most controversial promoter of Dogecoin . Every time the mogul tweets something about the cryptocurrency meme , it increases in value practically instantly.
Although his devotion to DOGE has gotten him into trouble , the 50-year-old businessman continues to openly support him.
Also read: ‘Doge’ meme breaks record by selling as NFT for $ 4 million, the most expensive ever! This week Dogecoin developers announced on Twitter an update to the platform, which will reduce transaction fees and make the network more secure. A few hours later, Musk shared the post adding that it was “important .”
Important
– Elon Musk (@elonmusk) August 30, 2021 Elon Musk , one of the three richest men in the world (going up and down in the Top 3 along with Jeff Bezos and Bernard Arnault ), is convinced that Dogecoin is one of the “strongest” cryptocurrencies , as he made clear when replicating the opinion of millionaire Mark Cuban .
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