A double-digit surge propelled the meme cryptocurrency. Dogecoin It surpassed $0.10 for the first time in a year.
that much Dogecoin price It is currently up 16.8% on the day to just over $0.103285 as the altcoin follows Bitcoin’s bullish price action and the meme coin celebrates its 10th anniversary today. Dogecoin was originally launched on December 6, 2013 by creators Billy Markus and Jackson Palmer.
According to data from CoinGecko, the last time Dogecoin hit $0.10 was exactly one year ago, on December 7, 2022.
Despite the recent price action, the cryptocurrency has a long way to go before regaining its all-time high above $0.73 posted in May 2021.
The dog-themed cryptocurrency isn’t the only meme coin to post gains alongside the broader cryptocurrency market, with Shiba Inu (SHIB), PEPE, and BONK all seeing double-digit gains over the past 24 hours. The meme coin category as a whole has increased 11% over the past day, reaching a market capitalization of $23.7 billion, according to CoinGecko.
The meme coin craze comes alongside a booming cryptocurrency market, with the total market capitalization of all cryptocurrencies increasing 4.7% in the last 24 hours to $1.67 trillion.
Bitcoin The charge has been driven by optimism about the possibility of the U.S. Securities and Exchange Commission approving a spot Bitcoin ETF.
The largest cryptocurrency by market cap is currently trading above $43,800, up 5.1% on the day, having surpassed yesterday’s appropriately meme-themed price of $42,069.
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