Coin Spotlight: Doge
Crypto investors are singing the praises of the fourth largest cryptocurrency, Dogecoin.
Dogecoin hit a market capitalization of $69 billion due to a 40% price increment.
Also known as the ‘meme coin’, the Dogecoin began as a joke but now has the attention of cryptocurrency investors who are buying the coin at a rapid rate.
Dogecoin sells as 55 cents which is a new and high price. Experts have said that the common goal is for Doge’s price to increase to $1 within a short period of time.
There are speculations that social media mentions of Dogecoin by persons like Elon Musk and Mark Cuban had an impact on the coin’s price increase.
Despite how well Dogecoin is doing currently, crypto experts have advised traders against investing what they’re not open to losing due to the volatility of the cryptocurrency market.