Dogecoin finally reaches 40 cents bullish from 13 cents on Wednesday: Doge to the Moon?

Urian B., Tech Times April 16, 2021 at 11:04 a.m.

(Photo: Screenshot from the official Pexels website) Dogecoin finally hit 40 cents bullish from 13 cents on Wednesday: Doge to the Moon?

$ DOGE is now considered one of the top five cryptocurrencies as its value is now over 40 cents bullish! Dogecoin, the somewhat meme cryptocurrency that was originally created as a kind of parody, is rapidly increasing in value right now.

$ DOGE bullish price

According to a CNBC article, the price of $ DOGE just went up over 30 cents last Friday, and in a tweet from Binance, the value of the cryptocurrency even hit 44 cents! USAtoday’s article is based on Coinbase’s digital currency exchange numbers. This is reportedly more than double the previous level on Wednesday when Dogecoin hit 13 cents.

Dogecoin was referred to as Memecoin, which was originally created as a joke in 2013 to poke fun at the massive surge in digital coins like the more popular Bitcoin. This comes from the report of a cryptocurrency news site called Coindesk.

Dogecoin Doge Meme

Dogecoin was originally inspired by the popular doge meme on the internet, which features the image of a certain Shiba Inu staring at his side while looking at the camera and raising his eyebrows in the process. This is according to the popular website that provides people with information about memes called Know Your Meme.

Overall interest in cryptocurrency in general has risen again over the past week as Coinbase began public trading on the Nasdaq exchange since Wednesday. The first day reportedly ended with a share price of $ 328.28 and an official market value of a whopping $ 85.78 billion. Meanwhile, many people, especially those following Tesla CEO Elon Musk, are celebrating the massive success and rise.

Doge barks at the moon pic.twitter.com/QFB81D7zOL

– Elon Musk (@elonmusk) April 15, 2021

Elon Musk cryptocurrency

Elon Musk has been credited with the rise of Bitcoin and Dogecoin due to his constant mention of cryptocurrency on Twitter. Tesla had also made a huge investment in Bitcoin, making it one of the youngest owners of huge amounts of Bitcoin.

The cryptocurrency has also surpassed its previous record highs as bullish cryptocurrencies have received even more attention lately. Since Coinbase went public on the Nasdaq, cryptocurrency investments have slowly gained a more reputable image rather than the shaky image it used to have.

Also read: Why is Elon Musk Obsessed with Dogecoin? Story about this cryptocurrency

Ethereum cryptocurrency

As blockchain technology is also becoming increasingly popular, the cryptocurrency itself has also evolved, with newer coins or tokens popping up every now and then. While $ DOGE isn’t just pretty new, other cryptocurrencies are getting more attention as well. Another cryptocurrency that has been the subject of conversation lately is Ethereum.

Due to the more stable movement of Ethereum, the cryptocurrency is considered to be possibly the closest cryptocurrency to the fiat currency. Although it is still volatile, Ethereum is now seen as a possible digital currency replacement for fiat money.

Related article: Elon Musk’s SpaceX makes Dogecoin as a lunar currency? Real or April Fool’s Day?

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Written by Urian Buenconsejo

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