The price of Dogecoin (DOGE) has more than doubled in the last 24 hours to reach a record high of $0.4377 on the 16th of April. According to CoinMarketCap, the crypto asset has jumped 122.56% in the last 24 hours. At press time, Dogecoin is trading at $0.3182.
Also, DOGE has surged 454.37% to over $65 billion in its 24-hour trading volume.
Dogecoin, among other cryptocurrencies, has been increasing in value over the past week. The meme-based crypto asset has climbed about 300% in the last seven days.
In addition to DOGE’s significant gains, the altcoin has overtaken Litecoin (LTC), Chainlink’s LINK, Uniswap (UNI) and others, to become the 7th largest cryptocurrency by market capitalization. MarketWatch data shows that Dogecoin’s market value has increased by 119.80%.
Doge’s growth has sparked comments in the crypto community, especially considering the asset has surged 12,600% over the past year. Crypto investor Scott Melker said in a tweet:
“This is the first DOGE pump I have missed in years, but I still absolutely love to see it. Favorite asset of all time, changed my life in 2017 Happy for you guys who are in it, innit?”
On the other hand, Bitcoin has declined in the last 24 hours. The top crypto asset by market value is currently down 1.74% to $61,859.94.
Image Credits: Pixabay
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