Dogecoin's native currency DOGE had few days ago joined the bull trend alongside BTC and ETH. As at three days ago, the price of Doge went up 70% last weekend after Elon Musk posted a tweet about it. Legendary rapper Snoop Dogg as well as 1970's rockstar, Gene Simmons also endorsed the coin on Twitter. The coin has gained traction lately cos of this. Also, the Robinhood and GameStop incident has also been a major factor why traders have tended to invest in the cryptocurrency.
https://twitter.com/elonmusk/status/1358319935978496001?s=19
- elonmusk
Elon Musk's Meme Tweet About Doge
https://twitter.com/SnoopDogg/status/1358141965930426368?s=19
- SnoopDogg
Snoop Dogg's Meme tweet about Doge
On Monday, the price of the doggie-faced meme token went down 3.9% at 7.5 cents.
Even with the fact that the coin does not have a use case, It has a solid and energetic community around it.
A 1-week Doge Price Chart on Coindesk
Doge all-time high and 24hr change on Coindesk
As at the time of writing this article, the current market price of DOGE is $0.072330 according to Coindesk recording an ATH of $0.087159. Doge price is down -10.71% in the past 24hours.
Due to the fact that the coin does not have a use-case, it is advisable for traders to invest in the coin with the intentions of selling. The 9 billion dollar worth in market cap coin is ranked number 12 on CoinGecko.
Disclaimer: This is not a financial advice.