[Blockchain Today Reporter Seung-won Jeong] Cointelegraph reported that the price of Dogecoin is soaring without the support of prominent figures in social media or major development fields of the project.
According to CoinMarketCap, on the 15th (local time), the price of DOGE currently exceeds $0.2, and the market cap is about $30 billion. This is the highest increase in recent years, and became the 8th cryptocurrency in market capitalization, beating both Uniswap (UNI) and Litecoin (LTC).
Recently, more retail stores have adopted Dogecoin as a form of payment. On the 13th, a famous nightclub in Miami announced the reopening, allowing payment of Dogecoin for tables, drinks, and goods.
Mark Qubando, owner of Dallas Mavericks and a supporter of Doge, announced that a store within the basketball team had sold 122,000 dollars worth of tokens in Dogecoin after the initial token adoption in March. Cuban said, “I will never sell any Doji Coins.”
Tesla’s CEO and Doji’s avid fan, Elon Musk, tweeted one of his souvenirs amid soaring prices, but the recent rise may simply reflect the mood of the cryptocurrency market. Mainstream media attention this week focused on the fact that Coinbase’s COIN was listed on Nasdaq and Bitcoin (BTC) and Ethereum (ETH) broke new records.
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