Dogecoin has appreciated 4,600% in value in one year and Elon Musk is giving it another boost


According to data from the specialized platform CoinMarketCap, the Cryptocurrency who was born as a joke in 2013 who Dogecoin (DOGE), its value increased 4,600% last year. This success is largely due to the billionaire’s push Elon Muskwho made it clear that it was his favorite digital currency.

In August 2020, each token will be issued by DOGE It was priced at 0.002802 cents a dollar and is trading at $ 0.2964 today. This rate is still below its historical maximum: just under 0.69 cents per dollar on May 6th.

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Dogecoin has appreciated 4,600% in value in one year and Elon Musk is giving it another boost
Dogecoin has appreciated 4,600% in value in one year and Elon Musk is giving it another boost

The analysis of the platform also provides the Dogecoin as one of the top performing cryptocurrencies in the second quarter of 2021. So far this year, the meme-inspired digital currency has grown by 400%. Only in the last 24 hours has it increased by 12%.

Source: CoinMarketCap.com.

Elon Musk, the biggest Dogecoin fan and promoter

the Tesla boss and Room x, Elon Musk, was the strongest and most controversial sponsor of the Dogecoin. Every time the mogul tweets something about them Cryptocurrency meme, it gains in value practically immediately.

Even if his devotion to DOGE It got him into trouble and the 50-year-old businessman continues to support him openly.

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This week the developers of Dogecoin announced on Twitter an update of the platform, which should lower the transaction fees and make the network more secure. A few hours later, Musk shared the post, adding that it was “important”.

Elon Musk, one of the three richest men in the world (climbs up and down in the top 3 along with Jeff Bezos and Bernhard Arnault), is convinced of it Dogecoin is one of the cryptocurrencies “stronger”as he made clear when repeating the millionaire’s opinion Mark Cuban.

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