Dogecoin value continues to rise

The cryptocurrency Dogecoin is in a great moment, showing that it is not only assets such as bitcoin and ethereum which can break records.

The digital asset that bears the face of a Shiba Inu dog surpassed 10 cents on the dollar for the first time.

Specifically, the cryptocurrency rose more than 85 % in the last 24 hours to thus trade at 0.13 dollars, while its capitalization is already above 17,000 million dollars.

This latest rally comes as investors prepare for the IPO of cryptocurrency platform Coinbase Global, which could help validate the buying and selling of cryptocurrencies as a business.

But the rise of dogecoin is noteworthy. The coin has soared more than 2,000 % since the beginning of the year, and it has a huge fan in Tesla CEO Elon Musk, whose tweets about dogecoin have pushed the value up at times.

K. Tovar

Source: CNN