A double-digit surge has pushed the meme cryptocurrency. Dogecoin For the first time in a year, more than 0.10 dollars.
of Price of Dogecoin It's currently above $0.103285, up 16.8% on the day, as altcoins follow Bitcoin's bullish price movement and meme coin celebrates its 10th anniversary today. Dogecoin was originally launched on December 6, 2013 by creators Billy Marcus and Jackson Palmer.
The last time Dogecoin reached $0.10 was exactly one year ago, on December 7, 2022, according to CoinGecko data.
Despite the recent price action, the cryptocurrency has a long way to go before it can regain the high above $0.73 posted in May 2021.
Alongside the broader crypto market, dog-themed meme coin isn't the only one posting gains, with SHIB, PEPE and BONK all posting double-digit gains in the past 24 hours. At CoinGecko, the meme coins category as a whole rose 11% over the past day to a market cap of $23.7 billion.
The meme coin frenzy comes alongside a surging crypto market, with the total market cap of all cryptocurrencies rising 4.7% in the past 24 hours to reach $1.67 trillion.
Bitcoin He led the charge, fueled by optimism that a Bitcoin ETF could be approved by the U.S. Securities and Exchange Commission.
The largest cryptocurrency by market value is currently trading above $43,800, 5.1% on the day, which is an explosion through yesterday's price of $42,069.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and are not financial, investment or other advice.
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