Meme cryptocurrency Dogecoin (CRYPTO: DOGE) is seeing main upwards motion according to an increase in Bitcoin and as Tesla Inc (NASDAQ:TSLA) Elon Musk has once more chimed in.
Dogecoin has seen its value rise this weekend as Bitcoin (CRYPTO: BTC) once more approached all-time-high ranges and Musk prompt that it could be “going to the moon very quickly” in a current tweet.
… going to moon very quickly
— Elon Musk (@elonmusk) April 10, 2021
Dogecoin reached a excessive of $0.078 after a 20% enhance from its 24-hour low of $0.0625. The coin is presently priced at $0.071, up 1,379% from this yr’s low of $0.0048 reported in January.
Like another altcoin, Dogecoin is working on the tracks set by Bitcoin and its motion.
As Benzinga reported earlier immediately, the world’s first cryptocurrency approached its all-time excessive value of over $60,000 amid discuss of a provide scarcity.
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