Where did the Dogecoin's sudden price jump come from?


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Where did the Dogecoin's sudden price jump come from?


2021 should be considered a real Dogecoin renaissance. Currently, its price is $ 0.63. And before we say that it is still very little, it is worth noting that since January this currency has increased by 13 thousand percent. It is possible that this is just the beginning of the great "dog" offensive of the cryptocurrency. Behind its success this year is the aforementioned Elon Musk. The boss of Tesla, using social media channels, in his mocking style, promoted Dogecoin and made many investors see this asset as a source of possible profits. We didn't have to wait long for the effects. Currency-parody was taken by traders completely seriously and today it can be considered a full-fledged investment good. Let the fact that Dogecoin is currently the fourth largest cryptocurrency on the market in terms of capitalization prove it.
A fun coin which was supposed to be worth nothing, if it has any dollar value today then all credit goes to Elon Musk. Though later on he was also responsible for the fall in the doge value still it was him only who bought it into limelight in the world else today not many would even had being talking about him. Now investors dreams of making a fortune with this coin as in future they do expect the price to multiply.