Dogecoin (DOGE) goes to the moon 100% surge in 24 hours, 350% in 7 days

By: Ali Raza
Ali Raza
Ali plays a key role in the cryptocurrency news team. He loves travelling during his spare time and enjoys… read more.
on Apr 16, 2021
  • A popular joke cryptocurrency, Dogecoin, recently skyrocketed to a brand-new ATH.
  • The coin, based on a Shiba Inu 'Doge' meme just went up by 100%, reaching the price of $0.26.
  • DOGE price was $0.13, and now, it outperformed all other assets which are trading in the red.

The crypto industry’s favorite cryptocurrency, the joke coin DOGE, recently skyrocketed following a number of events. The coin surged again today, going up by over 100% in the last 24 hours, and by around 350% in the last week, according to recent data. However, its YTD performance saw it rise by over 5,000%, while its yearly surge exceeded 12,600% gains.

Dogecoin outperforms every other crypto asset

Dogecoin is without a doubt the best-performing asset in 2021. It outperformed pretty much every other crypto in the last 24 hours, climbing to the 8th spot on the list of largest cryptocurrencies by market cap. Meanwhile, the coin’s price skyrocketed to $0.2637, which is a brand-new all-time high, which comes only a day after the previous one at $0.13.

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By moving to the eight spot, this joke-coin surpassed the likes of Litecoin (LTC), Chainlink (LINK), and even Uniswap (UNI) — the world’s largest DEX. As mentioned, the coin surged by 5,000% since the start of the year, and by 12,600% in the last 12 months.

This brought quite a surprising turn to the crypto market which seemingly even caught expert investors and traders by surprise. One example is Scott Melker, who tweeted about the new development saying that this is the first DOGE pump that he missed in years, but he is still more than glad to see it.

DOGE skyrockets while the rest of the coins start trading in the red

Interestingly, while DOGE continues to skyrocket, crypto industry’s other favorites, such as Bitcoin, Ethereum, Binance Coin, Cardano, and many others are trading in the red — at least when their daily performance is concerned. While they are all still in the green on a weekly basis, their daily performance has suffered after Turkey’s Central Bank recently announced that crypto payments will be banned starting April 30th.

The country is not banning coins entirely — they are still legal to buy, own, trade, and traders can even use their bank accounts to transfer fiat to crypto exchanges and buy coins. But, using crypto for payment for any goods and services will be illegal in two weeks’ time.

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