Dogecoin Rises Up To 80% In A Day And Trading Volume, Spikes More Than 800%
- Crypto News Point
- Jan 29, 2021
- 1 min read
Dogecoin (DOGE), the crypto meme coin, has risen up to 80% in a day and trading volume has spiked more than 800%, as it sees a publicity surge with a familiar source.
It has been reported that CoinMarketCap and TradingView showed a transformation taking place in the DOGE ecosystem overnight on January 27 (Wednesday), with DOGE/USD hitting $0.0138.
The GameStop madness looks to have spread to the famous altcoin, $DOGE. Can the Wall Street Bets crowd make a massive push for a $1.00 Dogecoin?https://t.co/M4fpPcRRQG — Cointelegraph (@Cointelegraph) January 28, 2021
However, in a matter of hours on January 28 (Thursday), the pair added over 80% to its spot price before correcting.
The report said that the gains accompanied a similar surge in interest on social media, with Twitter activity up by more than 300%. A parody Twitter account posing as the moderator for r/Wallstreetbets queried:
“Has Doge ever been to a dollar?”
Likewise, the hashtags #dogecoin and #dogecoininto1dollar began trending among users in the United States, referencing a long-held dream among the altcoin’s investors.
Thus, Dogecoin already has something in common with $GME, both assets having seen publicity tweets from Tesla CEO and world’s richest man, Elon Musk in recent weeks.
Gamestonk!! https://t.co/RZtkDzAewJ — Elon Musk (@elonmusk) January 26, 2021
Source: Cointelegraph
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