Wild DOGE Rally!! DogeCoin 800% Up to Be The 8th Largest Crypto Beating Litecoin (LTC)

Bhushan Akolkar Altcoin News PublishedJanuary 29, 2021 | ModifiedJanuary 29, 2021

Wild DOGE Rally!! DogeCoin 800% Up to Be The 8th Largest Crypto Beating Litecoin (LTC)

Crazy as it sounds but DogeCoin (DOGE) has really pulled off a GameStop (NYSE: GME) in the crypto markets. As of writing this story, DOGE is up more than 830% trading at $0.73 with a market cap of $9.5 billion. Well, in a single day from not being in the top-25, DOGE has now penetrated the top ten crypto-list leaving behind giants like Litecoin (LTC).

As it all started, soon after the GameStop Reddit community creating a massive euphoria on Wall Street, a similar Reddit community emerged backing the Shiba Imu meme coin DOGE. And well, they have been pretty successful at their game we must say!

In a vertical price surge, DOGE price and valuations have multiplied 8x in just the last 24-hours. The meme cryptocurrency has created massive euphoria in the crypto space and is hitting multiple milestones.

DogeCoin Twitter Volume Explodes Surpassing Bitcoin

Well, it turns out that for the very first time, an altcoin has been tweeted more than BTC in a span of 24-hours. A crypto Twitter handle ‘The TIE’ explains:

“Dogecoin tweet volume has surpassed Bitcoin over the last 24 hours. This is the first time we have on record that an altcoin has been tweeted about more than Bitcoin over a 24 hour period.”

On Thursday, January 28, the number of daily tweets versus its 30-day average has shot a whopping 1700%. In total there have been around 90,000 tweets for DOGE in just the last 24-hours. Interestingly, this happens just at a time when big players like Robinhood have been attempting to muzzle the retailers’ choice by banning trading for DogeCoin.

If DOGE continues at this rate, $0.1 seems to be an immediate target for the meme cryptocurrency. Note that if DOGE is really emulating GameStop, this is just the beginning aka Day 1 for DOGE. It will be interesting to see if DOGE can hold the momentum going for 5 trading days.

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Bhushan Akolkar 275 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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