news

bitcoin

1 X bitcoin bitcoin =

Wednesday

12 May 2021

Dogecoin Is Cementing Alt Season, Here’s How

Dogecoin Is Cementing Alt Season, Here’s How


smart summary beta

According to Coin Metrics, the price of Dogecoin increased by approximately 40% on Tuesday.

After bitcoin, Ethereum, and Binance Coin, Dogecoin now has a market cap of $69 billion, rendering it the fourth-largest cryptocurrency.

It’s worth noting that the most recent price spikes have been specifically attributed to Musk’s Dogecoin-related memes and tweets.

Some 36 hours later, the altcoin market cap initiated a 50% rally, boosting it to $340 billion.

Three days later, the altcoin market cap started a 60% rally to $560 billion

Before concluding that the meme-driven coin is essentially a strong predictor for alt season, it’s worth noting that such results should be compared to those of other big altcoins

Goto Full Article

bitcoin bitcoin price

$51695.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Image

Why Fiat Experts Don’t Get Bitcoin
published: 37 minutes ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

sentiment (-0.2) Negative

Article Metadata

author

site

newsbtc
Market data feeds provided by cryptocompare.com
bitsmart 2021