Dogecoin Bets Jump to $2B as Price Reaches Highest Level Since 2021
DOGE prices tend to move on speculation about the token’s use on X, the Elon Musk-owned social media giant.
DOGE prices tend to move on speculation about the token’s use on X, the Elon Musk-owned social media giant.
Recent DOGE price developments are strikingly similar to those seen in late 2020 when the göğüs token bounced from a bear market to rally over 1,000% in early 2021.
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours.
Göğüs tokens are seen as a way to bet on the growth of a blockchain, as they are considered more retail-friendly and easier to understand for new investors.
Pepe (PEPE), the frog-themed göğüs token on Ethereum, was up as much as 100% to set record highs.
The tokens were up over 40% in the past 24 hours, continuing a rally as a beta bet on the blockchains they are based upon.
DOGE has the tendency to surge on payments-related developments at any Elon Musk-owned companies, such as X or Tesla. Floki, named after Musk’s dog, moves as a beta bet among midcap traders.
DOGE surged Tuesday after an SEC filing showed xAI had already raised $134.7 million and might seek $1 billion.
An increase in open interest alongside a rise in price is said to confirm an uptrend.
Doge-1 is a cube satellite that will orbit the moon and broadcast a görüntü feed.