On Friday (April 16), Dogecoin ($DOGE), once again, confounded most crypto analysts and traders, this time by surging over 200% to flip Polkadot, Cardano, and Tether to become the fifth-most valuable cryptoasset by market cap.
Data by TradingView indicates that, on crypto exchange Binance, Dogecoin hit $0.4529 at 13:35 UTC, which is currently today’s intraday high. At the time of writing (13:56 UTC), Dogecoin is trading around $0.4041, which means that in the past 24-hour period, the Dogecoin price has surged an incredible 202.47% vs USD.
According to data by CryptoCompare, as of 14:02 UTC on April 16, Dogecoin is the #1 cryptoasset by 24-hour total trading volume (in USD) across all exchanges.
Dogecoin’s return on investment (ROI) vs USD for the past 7-day, 14-day, 30-day, and 1-year periods are 540.9%, 541.8%, 573.7%, and 20,216.4% respectively.
During the past few months, two billionaire have done a lot to help Dogecoin get to where it is today. These two people are Tesla CEO Elon Musk and Dallas Mavericks majority owner Mark Cuban. Both have talked numerous times about Dogecoin on Twitter and during interviews.
For example, Cuban sent out this important tweet on Wednesday (April 14):
And Musk sent out the following tweet yesterday (April 15):
For those members of the crypto community who do not hold any Dogecoin and are angry to see Dogecoin have a higher market cap than their favorite cryptoassets, popular pseudo-anonymous crypto analyst “Kaleo” offered these words:
Cryptocurrency social media analytics platform LunarCRUSH said a short time ago that for the past 18 hours Dogecoin had the most amount of attention on social media platforms:
And finally, Charles Hoskinson, the creator of Cardano, expressed how he felt about the Dogecoin’s amazing adventure via the following tweet:
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a high risk of financial loss.