Dogecoin hits ‘Doge Day’ target of 69 hundred weeks later, outperforms Snapchat, GM in assessment – fr

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Dogecoin hits ‘Doge Day’ target of 69 hundred weeks later, outperforms Snapchat, GM in assessment – fr


The cryptocurrency joke Dogecoin (DOGE) hit a new all-time high in the early hours of Wednesday, breaking through the much sought-after 69-cent mark.

What happened: DOGE received $ 0.6953 minutes before press time. The cryptocurrency itself now has a market cap of $ 89.70 billion, which it places ahead of Snap Inc (NYSE: SNAP), which has a valuation of $ 84.98 billion and General Motors Company (NYSE: GM), which has a market cap of $ 80.24 billion.

See also: How to buy Dogecoin (DOGE)

Gilead Sciences, Inc (NASDAQ: GILD) et Corporation FedEx (NYSE: FDX) are a few other big companies that are following the Shiba Inu-themed piece in terms of market cap.

DOGE has soared 13.955.4% year-to-date, leaving behind Bitcoin (BTC) and Ethereum (ETH) in terms of cumulative earnings since the start of the year. BTC is up 87.84% and ETH is 342.75% year-to-date.

At the time of going to press, BTC was trading 3.2% lower to $ 54,268.39, while ETH was trading down 4.04% to $ 3,244.69.

The current DOGE rally gained momentum after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tweeted the “Dogefather” coat rack on April 28 and linked it to his “Saturday Night Live” hosting.

Why is this important: The 69 cent level, aside from its sexual overtones, is significant because the so-called “Doge’s Army” attempted to pump the coin to this mark on “Doge’s Day”.

See also: Dogecoin, “The Most Honest Sh * tcoin” Has Remarkably Strong Fundamentals, Concludes Digital Galaxy Research

Doge Day was declared on April 20 by members of the cryptocurrency community. The date itself is linked to the number 420, which is associated with smoking cannabis.

Meanwhile, social media investors are looking for ever higher new highs with higher valuations.

Screenshots of the price discussions at r / Dogecoin, a Reddit discussion board

DOGE was second in terms of trending tickers on the Stocktwits list of the 10 best trending feeds, the first place was taken by Ethereum classique (ETC), which traded 47.08% higher at $ 78.95 at press time.

Read more: Ethereum Classic continues to soar, outperforming Dogecoin last week

Photo de Play Your Place sur Flickr

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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