Dogecoin (DOGE) traded about 13 cents in the press on Wednesday night after a day of sparkling price movements.
What happened: The cryptocurrency-joke is trading 26.52% higher at $ 0.128 for a period of 24 hours. DOGE has risen 117.87% so far this week.
The Shiba Inu coin has broken below the $ 0.1425 all-time record it touched on Wednesday.
Ethereum (ETH) continues to pick up speed, reaching a new record high on Wednesday of $ 2,453.33. ETH was trading 5.46% higher at $ 2424.92 in the press.
It is noteworthy that the Ethereum blockchain is in the process of being upgraded, which will meet the high transaction costs on the network.
Bitcoin (BTC), the top cryptocurrency by market capitalization, is traded subdued after the Coinbase Global Inc. (NASDAQ: COIN) after touching $ 64,863.1
Why it is important: Dogecoin has been backed by social media support as the coin emerged as a leading trend on Twitter and Stocktwits on Wednesday.
See also: Why is Dogecoin Succhhhh a good dye right now?
Celebrities who made links to DOGE on social media on Wednesday were Mavericks owner Mark Kuban, musician Ben Young and restaurateur Guy Fieri.
Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, who often writes on Twitter for DOGE, also joined the action on social media by tweeting a meme mentioning the jump in cryptocurrency.
– Elon Musk (@elonmusk) April 14, 2021
However, Musk’s tweets don’t seem to have a significant effect on DOGE’s price this time around. In previous cases, a tweet from Musk sent DOGE shooting up 20.5%.
See also: Is Elon Musk’s influence on the price of Dogecoin diminishing?
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