DOGE’s price soars to $0.2266, its highest since 2021, amid a slow week for the rest of the crypto market., the meme-based cryptocurrency that has captured widespread attention. Surging nearly 37.39% within a week to reach $0.22, the coin has sparked the interest of both retail and institutional investors.
All thanks to the GameStop saga starting in January 2021, fueled by small investors and Reddit’s WallStreetBets community, and Tesla CEO Elon Musk for endorsing the dog-themed memecoin.According to CoinMarketCap, DOGE reached its highest point in three years at $0.22. This surge aligned with the growth of wallet addresses on its blockchain, now at 6.27 million with the introduction of GigaWallet v1.0.
Hence, with its recent milestones and upcoming developments, the future of Dogecoin remains uncertain, leaving investors eagerly anticipating the next twist.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.