Over the last few weeks, the cryptocurrency trading market has been booming. Hundreds of coins have reached their all-time highs but no rise has turned out to be more meteoric than that of Dogecoin (DOGE) which began as a meme currency but now, investors are hoping for it to go all the way to the moon. #DogeToTheMoon
Just yesterday, we spoke about Doge trading reaching its all-time high of $0.5 and with that, Binance released a meme relating the crypto-coin to American rapper 50 Cent. Today, we have more comparisons coming out as DOGE, which is the 4th most traded cryptocurrency in the world, is now valued higher than one of the world’s largest automobile companies, BMW!
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When we last checked, the meme currency rallied over 45% to reach a new all-time high (ATH) of over $0.60 and the success story just keeps getting better by the day for Doge now. Last week, it overtook Ripple (XRP) to become the fourth most traded cryptocurrency and that means, it has a market cap of over $70 billion currently.
While many have criticised Elon Musk for unnecessarily hyping this particular crypto token, Dogecoin is now being widely accepted as a method of payment across the world. Having risen 6x just since the start of the year, Dogecoin is now valued more than automakers like BMW and Ford, and higher than social media giant Twitter as well.
For more updates on DOGE and other cryptocurrencies making news across the world, stay tuned to ReadScoops.com…
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