In the last 24-hours (as of April 19, 2021), Dogecoin (DOGE) increased by over 25% to beat Tether (USDT) and become the 5th largest cryptocurrency in terms of market cap. At press time on April 20, 2021, DOGE was trading at US$0.4088 with a further jump of 14.40%.
The market cap of this altcoin is around US$53 billion. DOGE has seen an explosive increase in price in the last 7-days. Its price increased by over 450% in the last 7-days. In the last 3 and half months, this meme coin’s price has jumped by over 800%.
Increasing Support for DOGE from Snickers and Milky Way
In the past, Dogecoin had received recommendations from heavyweights and crypto influencers such as Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban.
The latest behemoths to promote and support DOGE are the popular chocolate bars – Snickers and Milky Way. Both these brands are owned by Mars Inc, the candy czar.
Snickers shared a cool Gif of DOGE. Milky Way tweeted:
“CONGRATS TO THE #DOGEARMY FOR MAKING #DogeDay TREND.
@DogecoinRise to the Milky Way not just the Moon”
With #DogeDay currently trending, many from the Dogecoin community are rooting for the asset to reach 1$
Accelerated Adoption: Newegg announces Dogecoin as their Official Payment Method
This dream run of Dogecoin is helping in the accelerated adoption of crypto. In their official press release, a leading tech-focused e-retailer in North America, Newegg, has announced the acceptance of DOGE as their official payment method. Newegg’s Senior Brand Manager, Andrew Choi, has said:
“The excitement and momentum around cryptocurrency are undeniable, and the recent surge in Dogecoin value underscores the need to make it easier for customers to make purchases with this popular cryptocurrency… We’re committed to making it easy for our customers to shop however works best for them, and that means letting them complete transactions with the payment method that suits them best. To that end, we’re happy to give Dogecoin fans an easy way to shop online for tech.”
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