DOGE Rides Crypto Wave to New AllTime High

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Dogecoin, the popular meme cryptocurrency created in 2013, rallied for two straight days to a new alltime high during early trading hours in the U.S. on Tuesday. This happened as bitcoin and ether also surged to new record prices on the same day that crypto exchange giant Coinbase started trading on Nasdaq.

At press time, dogecoin DOGE, 57.26 was changing hands at 0.13, up 68.0 in the past 24 hours, according to CoinDesk 20. On Messari, dogecoins market capitalization has also surpassed that of bitcoin cash BCH, 7.26 and chainlink LINK, 5.74, now being ranked as the 10th most valued cryptocurrency.

The staggering gains across the crypto market came in the leadup to Coinbases direct listing. The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets means Wednesdays direct listing might become a key catalyst event, Messaris data also shows that there are 100 cryptocurrencies with at least 1 billion market capitalization, as the global crypto market now values at around 2.22 trillion.

Source FXPro

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