Dogecoin has returned with a vengeance. Its price has skyrocketed, turbo boosted, teleported (or whatever fancy speed-inducing phrase) from around US$0.06 to hit a high of US$0.20 in a short period of five days.
SuperCryptoNews team has noticed a bullish signal exhibited from Dogecoin price movement few days ago, followed by a report that its trading volume has also shot up in tandem with the price movement. Its current trading volume has surpassed that of XRP as well according to CoinMarketCap, placing it fourth in place right behind Ethereum.
Many of us would not have thought that Dogecoin would tripled its price from just a week ago. Perhaps, giving Elon Musk the title of “CEO” of Dogecoin would be apt since many of us would not dispute the fact that Musk’s support for the coin has created a strong buzz for it.
Only time will tell how far Dogecoin can go.