On Friday, January 29, the Dogecoin price on the Binance crypto exchange for the first time climbed to $ 0.0875. Cryptocurrency capitalization exceeded $ 10 billion, according to this indicator, the asset occupied the sixth line, after which its price decreased, and it dropped to twelfth place. As of 10:30 Moscow time, the altcoin cost is $ 0.044, writes RBC Crypto.
The altcoin price began to rise yesterday morning after it was mentioned by a Twitter user under the nickname WSB Chairman (more than 700 thousand subscribers). He first asked if anyone was holding Bitcoin, then asked why everyone was talking about Dogecoin. WSB Chairman is one of the active participants in the recent pump of shares of various companies, including the Gamestop video game retailer. During the month, their quotes grew more than 11 times.
— Elon Musk (@elonmusk) January 28, 2021
Also, a few hours ago, the head of Tesla and SpaceX, Elon Musk, published on his Twitter a comic magazine cover with a dog and the name Dogue. Musk has already written about the altcoin several times, after which its value has increased. For example, on December 21, 2020, Musk posted a post: “One word: Doge” and changed the description to “Former CEO of the Dogecoin project” (Musk’s old joke).
Altcoin was created in 2014 with no purpose of practical use. Its symbol is a photograph of a Shiba Inu dog.
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