Dogecoin new ATH reaching US$0.50 for the first time in history

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Dogecoin new ATH after many famous names, such as Elon Musk, Jack Dorsey, Mark Cuban, and several others, fell in love with Dogecoin.

The price of the Dogecoin cryptocurrency hit a new high of US$0.50 this Tuesday morning (04), with active investors preparing for Elon Musk’s appearance on Saturday Night Live (SNL) next weekend.

In addition, cryptocurrency brokerage eToro also listed Dogecoin to allow its 20 million users to buy the dog-faced coin.

With the new increase of almost 40%, Dogecoin has become the fourth largest cryptocurrency in the world by market value, with about 70 billion dollars.

The cryptocurrency made as a joke is now worth more than companies like Nintendo, Heineken, Santander, Adidas, Ferrari, and several others.

Dogecoin fires up

dogecoin new ath

The fact that the digital currency reaches a new record brings back the dilemma of whether the currency made as a joke has real value or not.

Although many traditional finance experts warn about cryptocurrencies like DOGE and even Bitcoin, cryptocurrencies continue to attract investors’ attention.

The cryptocurrency started as a joke in 2013, since then it has gained mass adoption, as Dallas Mavericks, Newegg, Air Baltic, EasyDNS, among others, accept the currency as a payment alternative.

The CEO of Tesla and SpaceX also frequently tweets about Dogecoin, often increasing its price.

The coin also fell in the taste of many famous names, such as Jack Dorsey, Mark Cuban, Snoop Dog, and several others. This increased the asset’s reach to the mainstream audience and consequently its price.

eToro

The eToro announcement was received very positively by the broker’s customers. Right after listing, the digital currency jumped 14% in a few hours.

EToro was founded in 2007 with the ambition of “opening global markets to everyone”, so that “everyone can easily negotiate and invest”.

The addition of DOGE is perfectly aligned with the company’s policies and mission.

EToro already supports many cryptocurrencies, but Dogecoin was not listed in it until now. The company says it has more than 20 million registered users, all of whom will now be able to start investing in DOGE.

In a statement to the news release, the company also notes that the Doge has a  tokenized version in the Ethereum network, giving their holders access to the world of decentralized finance (DeFi).

9,000% high

In 2021, so far, Dogecoin has appreciated an astonishing 9,000%, overtaking giants like Bitcoin and Ethereum.

The rise in the currency suggests that the market is confident of long-term growth for the digital asset.

On April 20, cryptocurrency enthusiasts tried to raise the price of the coin to $ 1 on the day it was called ” Doge’s Day “.

Although the price has dropped by around 30%, DOGE fans will still try to raise their price on May 8, when Elon Musk will appear on one of the most popular shows in the United States as ” The DogeFather “.

If his appearance is funny and optimistic , Dogecoin holders speculate that the currency’s price will rise again.


Disclaimer: The information expressed in this article are solely those of the author and do not necessarily reflect the views of CryptoDeFinance. Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
*with information from , criptonoticias, Twitter, google, insidersport, mclaren, tezos

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