Today, May 4, the Dogecoin rate renewed its all-time high at $ 0.495. As of 01:15 PM Moscow time, the altcoin price is $ 0.484. Over the past day, it has risen in price by 26%, writes RBC Crypto.
The market capitalization of the project reached $ 62.9 billion, which is higher than that of the stablecoin Tether ($ 52.3 billion), as well as Ford and Twitter ($ 45.1 billion and $ 43.1 billion, respectively).
The value of the cryptocurrency is rising amid the announcement of the eToro trading platform, which announced on May 3 that 20 million of its clients around the world will be able to trade Dogecoin. The company explained that they made such a decision due to high demand from users.
In addition, last week, the head of Tesla and SpaceX Elon Musk once again mentioned the cryptocurrency in his Twitter account. “The Dogefather. SNL May 8 “- this is how the billionaire announced Saturday Night Live, which he will host on May 8 with singer Miley Cyrus. Mentions of cryptocurrency and other assets on Musk’s Twitter have repeatedly caused their value to rise.
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