Dogecoin surges to new all-time high following Gemini listing 🚨 This article is 3 years old...
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Dogecoin surges to new all-time high following Gemini listing
The price of Dogecoin (DOGE) has doubled over the last seven days, reaching nearly $0.6 today.
2 min read
Updated: Mar. 22, 2022 at 10:10 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
“Meme” cryptocurrency Dogecoin (DOGE) is on the rise again today as its price has reached a new all-time high of $0.59 on the heels of its listing on crypto exchange Gemini.
According to CryptoSlate data, DOGE is currently trading at around $0.53, up 30% on the day and roughly 100% over the past seven days. Additionally, the sudden bull run has pushed Dogecoin to 4th place among the largest digital assets by market capitalization, right behind Bitcoin, Ethereum, and Binance Coin.
“Seriously $DOGE, what are you doing? #Dogecoin price jumps by 30% in 24 hours, breaking the $50 cents barrier, and is now the 4th crypto-asset by market cap,” tweeted data science company IntoTheBlock today, adding, “Investing 1000$ in DOGE on January 1 of 2021 would be worth $115,576 today. How’s that for a measure of speculation?”
Seriously $DOGE, what are you doing?#Dogecoin price jumps by 30% in 24 hours, breaking the $50 cents barrier, and is now the 4th crypto-asset by market cap
Investing 1000$ in DOGE on January 1 of 2021 would be worth $115,576 today?
How's that for a measure of speculation? pic.twitter.com/Mhpisd5Piy
— IntoTheBlock (@intotheblock) May 4, 2021
Although this is just one-third of DOGE’s weekly gains, the latest push somewhat coincided with crypto exchange Gemini announcing that it now supports trading and custody of the coin.
“Deposits are now open for $DOGE. Keep an eye on our feed for trading updates!” Gemini, led by famous billionaire twins Winklevoss, tweeted today.
Deposits are now open for $DOGE. Keep an eye on our feed for trading updates!
Learn more on our blog: https://t.co/kS2B2y4tQr pic.twitter.com/J4TgNrTBhI
— Gemini (@Gemini) May 4, 2021
Meanwhile, crypto-friendly trading platform Robinhood reported that it was experiencing “issues with crypto trading” roughly an hour after Gemini’s announcement and DOGE’s surge that followed.
We’re currently experiencing issues with crypto trading. We're working to resolve this as soon as possible. For the latest updates, check https://t.co/ZS733G6N1J
— Robinhood Help (@AskRobinhood) May 4, 2021
Everyone joins the fun
Several major companies also decided to jump on the DOGE hype train today, posting numerous tweets about the canine cryptocurrency.
?PUPWEISER TO THE MOON ?
Wag your tail for this doggone DOGE cryptocan. @SlimJim please share with #DogeArmy? #PupweiserContest pic.twitter.com/UTdYtzxfDP
— Budweiser (@budweiserusa) May 3, 2021
“Maybe we should just #DogecoinToTheMoon,” tweeted Snickers. “PUPWEISER TO THE MOON,” proclaimed Budweiser, adding, “Wag your tail for this doggone DOGE cryptocan.”
??
･｡
*✨｡
⚡️
*. ✨
ﾟ*.#DogeFam remains undefeated
｡｡ ⚡️
｡ ･✨
?*
✨* pic.twitter.com/tAWdrzq4Id— Slim Jim ? (@SlimJim) May 4, 2021
Surprisingly, Tesla and SpaceX CEO Elon Musk, who is perhaps the most well-known proponent of Dogecoin, stayed silent amid the market craze today (although, to be fair, he hasn’t tweeted anything since May 2).
However, it looks like other major companies have already picked up the DOGE banner as well.
Ad: Buy Dogecoin on Crypto.com
Dogecoin Market Data
At the time of press 10:10 pm UTC on Mar. 22, 2022, Dogecoin is ranked #4 by market cap and the price is up 38.44% over the past 24 hours. Dogecoin has a market capitalization of $85.65 billion with a 24-hour trading volume of $50.96 billion. Learn more about Dogecoin ›
Crypto Market Summary
At the time of press 10:10 pm UTC on Mar. 22, 2022, the total crypto market is valued at at $2.29 trillion with a 24-hour volume of $271.86 billion. Bitcoin dominance is currently at 45.26%. Learn more about the crypto market ›
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Liam Frost
Liam Frost is a freelance journalist and editor with over 15 years of experience working for various media outlets across the world.
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Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Gemini
Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner.