why is doge going up

Best answer

Another reason why dogecoin is going up today ishype around cryptocurrencies in general. Bitcoin鈥檚 value has jumped from cents to dozens of thousands of dollars,and gradually more people are growing aware of the possibility to make money with crypto. They鈥檝e just decided that Doge fits their personality!

People also ask

  • Will Dogecoin (Doge) go up again?

  • Dogecoin (DOGE) has whipsawed over the last month. After topping $0.30, it’s now back to near $0.20. Why is Dogecoin going down, and will it go up again in 2021? DOGE is now almost 70 percent below its 52-week high. However, it remains one of the biggest cryptocurrency gainers over the last year.

  • How much has Doge (Doge) increased in 24 hours?

  • Against larger peers 鈥?Bitcoin and Ethereum 鈥?DOGE rose 2.5% and 0.68%, respectively, over 24 hours. The meme coin has risen 10% over a seven-day trailing period.

  • Why has Doge bounced up in October?

  • As prices have rallied sharply in October in response to the launch of the first bitcoin ETF (ProShares Bitcoin Strategy ETF), DOGE has bounced up to trade around the $0.25 level, hitting an intra-day high of $0.2714 on 18 October.

  • Why is Doge up 35% this week?

  • DOGE has risen over 35% this week as bitcoin and altcoins reacted positively to the US Consumer Price Index report, which showed that inflation rose to 7% in December, the highest in some 50 years. Bitcoin can be seen as a hedge against inflation.