Dogecoin reaches all-time high
According to CoinMarketCap, Dogecoin’s price increased by 336.51% in the last seven days. The meme currency is now among the top ten most valuable cryptocurrencies in the world with a market cap of $35,638,053,045 at the time of writing. It reached an all-time high of $0.44 on Friday, making many millionaires. According to Michael Kamerman, CEO of fintech firm Skilling, the chief drivers behind dogecoin’s popularity is its online communities, coupled with support from high-profile business magnates like Elon Musk. Mr Kamerman said that the current price run could encourage even more people to take risks and invest large amounts in the hope of making a quick profit. Elon Musk tweeted “Doge Barking at the Moon,” late Wednesday night. People buy Doge whenever Musk tweets about it. However, many people sold their cryptos for Doge after the surge expecting to make a huge profit in future. Dogecoin to the moon!