Why Dogecoin Is Going So High
Meme cryptocurrency, Dogecoin hit a new all-time high on Tuesday following its listing on Etoro
The Shiba Inu termed cryptocurrency reach $0.54, beating its previous high of $0.47
The crypto which experienced a 40% dip on April 23, is now among the biggest gainers of today
Meme crypto, Dogecoin has experienced an increase of over 38% in the last 24 hours.
The coin has recovered strongly from April 23rd’s 40% drop to reach a new all-time high.
The dog termed cryptocurrency beat its previous high of $0.47 and it is currently trading at $0.54.
The latest movement comes a day after broker and exchange, Etoro listed the crypto on its platform.
The listing will open the meme coin to over 20 million users across the globe.
Doge has gained more than 9000% in 2021, outperforming major cryptocurrencies like Bitcoin and Ethereum.
The coin which is being backed by Elon Musk now has a market cap of $69.91 billion.
The joke cryptocurrency is now the fourth largest in the world by market cap, surpassing ADA and closing in on XRP.