Pricing for the crypto-doggos reached historic highs on Wednesday, with analysts stating the joke-filled altcoin should now be taken “seriously” as a competitor to Bitcoin, Ethereum and many others.
Doge has hit 0.69c after a historic rally of over 20,000 percent in the last 12 months, media reported on Wednesday.
The meme-inspired cryptocurrency skyrocketed 130 percent over the last week amid news Tesla chief executive Elon Musk’s reported appearance on Saturday Night Live.
The altcoin was also added to Israeli trading platform eToro and cryptocurrency exchange platform Gemini on Tuesday, with analysts stating Dogecoin had “remarkably strong fundamentals” and added it “should not be ignored”.
The cryptocurrency climbed along with Ethereum, Bitcoin, Litecoin and others in April. The altcoin started as a joke in 2013 but has reached a market capitalisation of $30bn in recent months, according to exchange figures.
Dogecoin is based on the Luckycoin blockchain and was designed by IBM developer Billy Markus and Adobe data scientist Jackson Palmer in 2013. The cryptocurrency can be purchased on exchanges such as Binance and BitPanda.
Sourse: sputniknews.com
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