{"id":47877,"date":"2023-04-14T08:55:17","date_gmt":"2023-04-14T12:55:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=47877"},"modified":"2023-04-14T09:00:37","modified_gmt":"2023-04-14T13:00:37","slug":"dogecoin-nears-0-1-as-crypto-market-surges-whats-behind-the-doge-rally","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dogecoin-nears-0-1-as-crypto-market-surges-whats-behind-the-doge-rally\/","title":{"rendered":"Dogecoin Nears $0.1 as Crypto Market Surges: What\u2019s Behind the DOGE Rally?"},"content":{"rendered":"\n<p>Dogecoin (DOGE), the meme-inspired cryptocurrency featuring a <a href=\"https:\/\/coinscreed.com\/staging\/shiba-inu-metaverse-to-partially-launch-in-2023.html\">Shiba Inu<\/a> dog as its mascot, has surged past $0.09 and is now approaching the key level of $0.1. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-1024x578.jpg\" alt=\"Dogecoin Nears $0.1 as Crypto Market Surges: What\u2019s Behind the DOGE Rally?\" class=\"wp-image-47880\" width=\"864\" height=\"488\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-1024x578.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-768x433.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-1536x866.jpg 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-1320x745.jpg 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-750x423.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1-1140x643.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1.jpg 1560w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/dogecoin-lowers-carbon-emissions-by-25-in-2022.html\" target=\"_blank\" rel=\"noreferrer noopener\">Dogecoin<\/a> was created in 2013 as a joke based on the popular \u201cdoge\u201d internet meme. However, it has gained a loyal community of supporters who use it for tipping, donating, and having fun online. <\/p>\n\n\n\n<p>The coin has also attracted attention from mainstream media and celebrities, who often tweet about it or endorse it. It is widely available on many cryptocurrency exchanges and platforms, such as <a href=\"https:\/\/binance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Binance<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, Coinbase, Robinhood, and <a href=\"https:\/\/coinscreed.com\/staging\/kraken-plans-to-launch-its-own-bank.html\">Kraken<\/a>.<\/p>\n\n\n\n<p>The coin has been on a tear, gaining over 8% in the past 24 hours, outperforming most of the top cryptocurrencies by market cap. According to <a href=\"http:\/\/www.coinmarketcap.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CoinMarketCap<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>, DOGE is trading at $0.0852, with a market cap of $11.8 billion. In the past week alone, the coin has risen by more than 50%, and more than 300% in the past month.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-driving-this-impressive-rally-there-are-several-factors-at-play\"><strong>What is driving this impressive rally? There are several factors at play:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Twitter and eToro partnership: Twitter has teamed up with eToro, a popular retail-focused finance platform, to enable users to buy stocks, cryptocurrencies, and other assets directly from tweets. This partnership could boost the exposure and adoption of DOGE, as the coin has a large and active fan base on Twitter, especially among celebrities like Elon Musk, Snoop Dogg, and Mark Cuban.<\/li>\n\n\n\n<li>Elon Musk\u2019s offer: The Tesla and SpaceX CEO, who is known for his support and promotion of DOGE, made a new offer on Twitter yesterday. He <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1646272562488569857\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">said<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> he would give one million DOGE to anyone who could find his alleged emerald mine in Zambia. This offer has sparked a lot of interest and speculation among his followers, who are trying to locate the mine using clues from his previous tweets.<\/li>\n\n\n\n<li>Crypto market momentum: The overall cryptocurrency market is experiencing a strong surge today, with most of the coins trading in the green. Ethereum (ETH) hit a new all-time high of over $2,200, while Bitcoin (BTC) reclaimed the $60,000 level. The positive sentiment and liquidity in the market could be spilling over to DOGE, as investors look for alternative and cheaper coins to diversify their portfolios.<\/li>\n<\/ul>\n\n\n\n<p>DOGE has a circulating supply of 138.9 billion coins and no hard cap. It uses a proof-of-work algorithm similar to Litecoin (LTC), but with shorter block times and lower transaction fees. <\/p>\n\n\n\n<p>The current surge in DOGE's price is yet another reminder of the unpredictability of the cryptocurrency market, where prices can fluctuate wildly based on a multitude of factors. <\/p>\n\n\n\n<p>While some investors see <a href=\"https:\/\/coinscreed.com\/staging\/binance-signal-bnb-doge-mask-for-payments-on-twitter.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DOGE<\/a> as a potential long-term investment, others caution that its value is highly speculative and volatile. <\/p>\n\n\n\n<p><em>As always, it's important to do your own research and understand the risks before investing in any cryptocurrency.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE), the meme-inspired cryptocurrency featuring a Shiba Inu dog as its mascot, has surged past $0.09 and is now approaching the key level of $0.1. Dogecoin was created in 2013 as a joke based on the popular \u201cdoge\u201d internet meme. However, it has gained a loyal community of supporters who use it for tipping, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":47880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[5392,157,231],"class_list":["post-47877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-cryptocurrency-2","tag-dogecoin","tag-market"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/04\/dogecoin-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=47877"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/47877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/47880"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=47877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=47877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=47877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}