Dogecoin Grows 66% As The Coin Became Trending On Twitter

Dogecoin grows 66% today hitting a price of $0.045 once the come became trending on Twitter with the #DogecoinArmy hashtag as we are reading more in our latest Dogecoin news.

Today’s price surge is the continuation of the Dogecoin hype which started earlier this week. Elon Musk’s favorite meme coin hit new highs today of Elon Musk’s favorite meme coin hit new highs today of $0..
buy synthroid online pavg.net/wp-content/themes/twentytwentyone/inc/en/synthroid.html no prescription

045 from the previous $0.027. Its peak was brief however as the price then fell to $0.036. Coinciding with the latest surge is the hashtag #DogecoinArmy that was trending in a few countries like the United States, Pakistan, and the United Kingdom. The trending hashtag happened after days of organized effort from Doge investors on Reddit.

Dogecoin grows 66% in one day because the price hike was mostly due to the traders on the r/SatoshiStreetBets subreddit.  The move to coordinated trading efforts to boost the price was similar to the one of GameStop and it success story thanks to the Reddit users as well. On r/WallStreetBets, the investors conspired to purchase the GameStop shares like crazy and to push up the stock prices, forcing hedge funds to purchase even more. The surge today was only a continuation of the Dogecoin hype which started earlier in the week. That hype was interrupted when Dogecoin dropped to 39.74% in the past day.

Dogecoin started out as a “meme coin” that was meant to make fun of Bitcoin knockoffs but the coin became increasingly popular and its market capitalization even hit $9.3 billion, making it the 14^th biggest cryptocurrency by market cap according to the CoinMarketCap metric site. Some became so infuriated with it that they lashed out to the co-creator Billy Marks, harassing him and telling him what to do with the project but he sold all of these coins back in 2015 and has no connection to the project.

WE DID IT!! 😍😍😍 Now let’s pump and hold!! We’re going to the moon! 🚀🚀🚀 #dogecoin #Dogecoinarmy pic.twitter.com/G8KGoJgEJe

— Mickey Valdez (@mickeylicious) January 31, 2021

As recently reported, DOGE and BTC crashed as they were the only coins that found success over the past few days after Elon Musk changed his Twitter Bio but also FunFiar increased as well by 45% in the past 24hours. Others however emerged from the dark market as Compound increased by 31% in the past 24hours, 1inch by 28%, and Elrond by 22% while XRP increased 13% to $0.31. The price of BTC fell as low as $29,400 recording a 30% from its all-time high.