Dogecoin Surges 15%, Approaches $0.5; New Meme Coin Potential Explosion
Dogecoin is on the move, inching closer to the $0.50 mark with an impressive 18% jump in the last day. This momentum is fueling excitement in the world of meme coins, with traders eyeing Crypto All-Stars as a promising investment opportunity tied to Dogecoin.
The current surge in Dogecoin has propelled it to a level not seen in over 3.5 years. In fact, there have only been a total of 16 days in Dogecoin’s history when it has traded at a higher price than it stands at now. And the excitement doesn’t stop there – Dogecoin is just one week away from potentially achieving a record-breaking monthly closing price.
For reference, the highest monthly close for Dogecoin thus far has been $0.33. With its current price at $0.46 and showing resilience as Bitcoin hovers under $100K, Dogecoin’s upward trajectory is striking. In the past day alone, DOGE has shot up by 19%, in the past week by 22%, and an astounding 236% throughout the month. This exceptional performance is even more remarkable considering Dogecoin’s already substantial market cap.
In just this month, Dogecoin’s market valuation has soared by a staggering $48 billion, surpassing the total market capitalization of all AI-based cryptocurrencies combined. With a current market cap of $68 billion, Dogecoin’s meteoric rise is catching the attention of even the most conservative players in traditional finance (TradFi).
Prominent TradFi news outlet Barchart, boasting over 240K followers, recently highlighted Dogecoin’s surge by pointing out its market cap now exceeds that of several well-respected listings on the US stock market. The groundswell of interest and excitement surrounding Dogecoin’s rally is undeniable, solidifying its position as a force to be reckoned with in the ever-evolving world of cryptocurrencies.
