Cryptocurrency
Dogecoin Market Cap. Hits $71B And Hits A New All-Time High
The meme coin, Doge hit s new ATH at $0.58 (as at time of writing) with over $71 billion in market Capitalisation, overtaking Ripple, Cardano and Tether.
The surge in Dogecoin happened a day after multi-asset brokerage platform eToro announced support for the cryptocurrency, citing strong client demand. The new listing opens dogecoin to some 20 million users spread across the globe.
Additional buying pressure may have stemmed from pro basketball team Oakland Athletics’ decision to sell tickets for dogecoin.
In an announcement on Monday, the major league basketball team said it was selling two-seat pods for 100 DOGE for its three-match series against the Toronto Blue Jays.
According to Data from coinmarketcap, Dogecoin has surged by over 100 percent in the last 7 days.
The quick recovery from the 40 percent dip on April 23 which is assumed to shows a strong “buy the dip” mentality in the market. The cryptocurrency has rallied more than 9,000% this year, outperforming the likes of bitcoin and ethereum by a large margin.