Dogecoin (DOGE) Is More Popular Among Americans than Ethereum (ETH)
AI Trading

The price of Dogecoin (DOGE), the popular cryptocurrency created out of meme, has been on a significant increase over the last couple of hours.

The magnificent surge in price started earlier today following a tweet posted by the billionaire entrepreneur, Elon Musk, who is the CEO of Tesla and the founder of SpaceX.

Read Also: Dogecoin Price Spikes 20% after Elon Musk Reveals He Bought DOGE for His Baby Son

At the time of filing this report, Dogecoin (DOGE) is trading at $0.1868, with a 58.09% price upsurge in the last 24 hours. Moreover, the positive trend has aided the digital token to occupy 8th position in the market.

AI Trading

Dogecoin (DOGE) Surges Over 50% to Become 8th Largest Crypto Following Elon Musk’s Tweet
Courtesy of CoinMarketCap

Elon Musk Is Sending Dogecoin (DOGE) To the Moon Again

Elon Musk, the billionaire entrepreneur, tweeted about Dogecoin again and the price of DOGE has not stopped rising ever since.

Read Also: Dogecoin (DOGE) Now Available As a Payment Method at Pay Later Tires

A couple of hours ago, Musk tweeted the artwork of a dog and a moon, and wrote, “Doge Barking at the Moon.” For crypto newbies, “moon” refers to a rapidly rising price.

The billionaire shared the tweet around the time Dogecoin (DOGE) attained a new all-time high above $0.14. As soon as Musk tweeted about DOGE, its price retracted to $0.13 followed by a meteoric rise beyond $0.18.

Read Also: Elon Musk Changes His Twitter Bio to “Doge all day, Doge all night”

Among the top 10 coins by market capitalization, none has risen faster than Dogecoin (DOGE) across the past year. If you bought $1 worth of Doge at this time last year, it would now be worth relatively $85. That’s a huge return.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.