Dogecoin Bounces Back 25%, Refuses To Give Up $0,05
Dogecoin, the crypto coin that enjoys worldwide popularity because of the many memes one can make using it’s logo, is refusing to give up the $0,05 level and is up 25% today.
Even as Bitcoin sold off on Monday and dragged down the whole crypto market with it, the Doge price was able to hold on to previous support levels.
Dojo 4 Doge
— Elon Musk (@elonmusk) February 21, 2021
Using the same technology that was used to build other crypto coins like Bitcoin itself, Dogecoin is seeing renewed support in the cryptosphere. The iGen (those born between 1995 and 2012) and the millennial generation (those born between 1980 and 1994) are buying some just to be able to be part of a movement that has fans like Tesla CEO Elon Musk, Rapper Snoop Dogg and Kiss Singer Gene Simmons.
- Trade Dogecoin on Binance (including a 20% lifetime discount).
Shiba-Inu
Even billionaires like Dallas Mavericks owner Mark Cuban are getting into Doge. He recently admitted having bought some for his own son just to have something to discuss with him.
— The Chairman (@WSBChairman) February 21, 2021
The WallStreetBets Chairman, a popular Twitter account that mimicks the movement of the Reddit group, got in on it and included Dogecoin in his latest Avengers-based movie meme in which he featured the dog as Spiderman.
#Dogecoin I like this 😁😁Good job Dogecoin family. We are getting there!!!! pic.twitter.com/VDckU39aPC
— Travis T (@roguewarrior530) February 23, 2021
The Shiba-Inu cryptocurrency is lending itself easily to a generation of meme creators and is therefore highly popular. Only problem is that it was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology and has never been fully developed.
Cardano founder Charles Hoskinson recently proposed Elon Musk that the two of them should develop it together.
At the time of writing, Dogecoin is trading around $0,054 and has an all-time high of $0.087.
winst2014 / Depositphotos.com
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