Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, Doge coin shines today as the coin observed a massive gain of more than 53% rise in last 24 hours. Right now, coin is trading around $0.135.
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Remember world richest man Elon Musk is a great fan of Doge coin. Musk believes that Doge coin has huge potential as a currency. Expert believes that rise of Doge coin came after Musk acquiring microblogging platform Twitter.
Today massive gain help Doge coin to enter in top 10 coin list. Currently Doge is placed at 8th place with a market cap of $17.26 Billion. At current price Doge is still pretty down from its all time high worth of $0.7376 worth achieved on May 2021.
Meme coin inclusion in top 8 marketcap coin is indeed a big achievement. Backing of billionaire also matters a lot, but it is difficult to predict the future of coin. Good use case always help for the growth of coin. More adoption of coin will help coin to grow more, but this is crypto world. Anything is possible here.
In my opinion Investment at such stage is pretty risky as it may dip again. This is crypto world. It is obviously not a good time to invest on a coin which has gained more than 53% gain in last 24 hours. Time to show patience and observed the maret behavior to avoid loss. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.