Without any push from any known figures on social media or major developments in the projects, the price of Dogecoin has increased.
Also, with a market capitalization of roughly $23.8 billion, the current price of Dogecoin is more than $0.18. Overtaking both UniSwap (UNI) and Litecoin (LTC), in the last twenty four hours, Dogecoin recent rally has its price surge more than 63%. Also, by market capitalization, Dogecoin is the eight largest currency.
A popular Miami club has on Tuesday, revealed that they would be accepting DoGE upon re-opening as payment for merchandise, tables and drinks. Also, more retail outlets have also adopted the Dogecoin as a form of payment.
Dallas Mavericks owner and DOGE proponent Mark Cuban also reported the basketball team’s store had sold more than 122,000 DOGE worth of merchandise — more than $16,000 at the time of publication — since first accepting the token in March. Cuban said the team “will never sell 1 single Doge ever.”
Though Tesla CEO and DOGE enthusiast Elon Musk has tweeted one of his memes amid the token’s price surge, the recent rally may simply reflect the climate around the crypto market. Mainstream media attention was largely focused on Coinbase’s COIN stock being listed on the Nasdaq this week as both the price of Bitcoin (BTC) and Ether (ETH) reached new all-time highs