The cryptocurrency Dogecoin has been in the news for the past few weeks. In the last 3 weeks, this Mitoken Dogecoin has jumped about 40 percent. Dogecoin’s prices have been rising after reports emerged that Elon Musk has picked up a 9.2 percent stake in micro-blogging website Twitter. After this, Elon Musk has become the largest shareholder in the company.
Fans have been calling Elon Musk ‘Doge Father’
Dogecoin’s price jumped sharply after Elon Musk took a stake in Twitter. Fans often refer to Elon Musk as ‘Doge Father’. Dogecoin touched the level of $0.1553 on Tuesday. Dogecoin prices have jumped more than 5 percent in the last 24 hours. A report by The Economic Times quoted data from Coinmarketcap as saying that Dogecoin’s market cap has crossed the $20 billion mark after a long period.
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Dogecoin is currently down 77 percent from all-time high
However, the popular crypto token Dogecoin is currently down nearly 77 percent from its all-time high. Dogecoin had reached the level of $ 0.6848 in June 2021. So far this year, this crypto token has lost about 20 percent. Some market experts say that Dogecoin has gained momentum because of Musk. At the same time, other experts believe that this boom is not only due to Musk. He says that the number of people who follow Mim Coin is very high and it is because of them that it has increased.
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