The price of Elon Musk’s favorite cryptocurrency dogecoin went up by over 30 percent

Jul 07, 2019

Many analysts believe in continued high prices for bitcoin. Some even believe that it may reach as high as $100,000.

However, the competitors to the world’s largest cryptocurrency are not predicted as bright a future. Some even mean that the altcoins will be worthless in the future.

Maybe dogecoin can be the exception that confirms the rule?

Started as a joke

Dogecoin, launched as a joke by an Australian programmer in 2014, named after a meme, and Elon Musk’s favorite cryptocurrency, increased by over 30 percent during the night to Saturday, numbers from Coinmarketcap shows.

The increase took place after the large crypto exchange Binance announced that it will list dogecoin. And even though a certain correction of the price has now taken place, the cryptocurrency has now stabilized at a price around $0.0036, Forbes reports.

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