Dogecoin Reaches All-Time High, DOGE Market Cap Crosses $16 Billion

Dogecoin reached an all-time high of $0.13 today after a surge of nearly 60% in the last 24 hours. DOGE is now the 10th most valuable digital currency in the world.

According to the latest data published by Coinmarketcap, Dogecoin crossed the market cap of $16 billion on Wednesday. DOGE is now more valuable than several other crypto assets including Chainlink (LINK), Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash (BCH), Stellar (XLM) and TRON (TRX).

Dogecoin has posted nearly 3,000% gains in 2021. DOGE started this year at a price level of just $0.004. The surge in the price of digital currency came after a rise in demand from retail traders. In January 2021, the digital currency jumped nearly 900% within 24 hours after receiving support from Reddit groups including WallStreetBets and SatoshiStreetBets.

Dogecoin received support on Twitter from several celebrities including Tesla CEO Elon Musk and rapper Snoop Dogg. In December 2020, Musk teased the crypto community with his famous Tweet, “One word: Doge”.

As of writing, Dogecoin is trading near $0.13 with a market cap of more than $16 billion. Digital currency is up by nearly 100% in the last 7 days.

Adoption of Dogecoin

The recent surge in adoption of Dogecoin has played a major role in its record price jump. In March 2021, Dallas Mavericks, an American professional basketball team, became the first NBA team to accept DOGE as a payment method for tickets and merchandise. CoinFlip, one of the leading crypto ATM providers in the United States, recently announced that it has listed Dogecoin on its 1,800 ATMs across the US in an effort to make the cryptocurrency available to the masses. Latvian airline airBaltic also announced last month that the company has started accepting different digital currencies as a payment method including Dogecoin.

The overall market cap of digital currencies touched an all-time high of $2.25 trillion on Wednesday after Bitcoin (BTC) and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term (ETH) reported record gains in the last 24 hours.