DOGE Price Jumps 50% To The Upside As BTC Nears $30,000

DOGE price jumps 50% to the upside with BTC nearing $30,000 price point as we can see more in today’s latest Dogecoin news.

DOGE became the best-performing crypto asset in the top 100 by market cap and saw some strong volume figures on the rally with there being more than $700 million worth of crypto assets traded over the past day. Dogecoin’s rally shocked plenty of investors and there were some proponents of the Ethereum Classic on Twitter saying that the ETC was primed to turn Dogecoin in terms of market cap. DOGE is far above the ETC coin when it comes to ranking.

While the rally surprised many it’s worth noting that DOGE had an explosive bout of price action in the previous bull market and for some reason, DOGE underwent a strong exponential rally every few years and moved to new higher levels against the US Dollar and sometimes against BTC. At current prices, DOGE is trading at its highest price since February 2018 rally, as the DOGE price jumps 50% in the past day.

DOGE now has a market capitalization of about $1 billion. Assuming that Doge will follow a path similar to the ones it took to the previous bull cycles, some think that it does have more room to grow.  The rally comes after Elon Musk who is the CEO of Tesla and SpaceX, started tweeting about the crypto asset in a joking manner. While it is highly unlikely that the Tesla founder is purchasing Dogecoin, his tweets had a huge impact on the DOGE market. After he tweeted a meme about DOGE, the cryptocurrency gained over 20% in just a few hours. The cryptocurrency reacted to a number of his tweets with the price increasing most of the time.

Musk appears to be a fan of the crypto’s culture and stated that DOGE is his favorite cryptocurrency. Speaking of the coin, the inspiration for it the real dog, had a health issue recently. The real Dogecoin dog was suffering from a vestibular disease for quite some time but the Shiba Inu is now recovering well. Kabosu, the real Dogecoin dog which popularized the Doge meme, is doing well. DOGE was voted meme of the decade and it has a cryptocurrency that became extremely popular in the past few years.

Kabosu is a superstar mutt behind the popular Internet meme Doge that is now a popular cryptocurrency despite starting as a joke. The dog is recovering from a vestibular disease which is a debilitating condition that affects balance and coordination and can end up badly.