Elon Musk, Back On Twitter, Sends Dogecoin Surging By 50%

February 05, 2021 09:27 PM AEDT | By Ipsita Sarkar

Elon Musk, Back On Twitter, Sends Dogecoin Surging By 50%

Toddler Stocks Turn Mature Stocks

Dogecoin had taken a vertical leap on January 29 when it rose by 800 per cent to US$0.082. Most of it was the handiwork of a now-infamous, Reddit forum, which has been blamed for market volatility.

The up-and down-price of cryptocurrencies isn’t uncommon, but similar flights of all its other kinds, or bigger cousins, all on the same trajectory, with the help of a Reddit army, was quite entertaining. The influence was so huge that many toddler stocks grew into matured stocks overnight.

Doge’s change in fortune has the role of another individual. Adult actor Angela White cause quite a stir in the markets in January when she revealed that she also holds the cryptocurrency.

According to Coindesk, Bitcoin, the leader of the crypto pack, surged to US$37,653.45 at 2:14 GMT on Thursday, up by 2.29 per cent from the price preceding 24 hours. Its net change was US$936.36.

Total Bitcoin supply was 18.62 million on Thursday. Bitcoin’s market cap is US$702 billion.

Ethereum was trading at US$1,660.55 per coin, a 2.42 percent change in 24 hours. The net change was US$39.20. The total supply was 114.11 million. Ethereum has a market cap of US$190 billion.

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