Yesterday, we brought you news that DOGE was on the up after rising 83% in a single day — with the joke coin barking its way up CoinMarketCap’s rankings to hit $0.01434.
And over the past 24 hours, Dogecoin has well and truly been unleashed. At the time of writing, DOGE was the No. 11 coin by market cap — rapidly overtaking the likes of Binance Coin, Uniswap, Aave and Bitcoin SV.
DOGE romped past all-time highs set in 2018 and hit a high point of $0.07797, before cooling slightly to $0.05394. In percentage terms, that’s a 402% rise since 8.30am UK time on Thursday.
There’s little doubt that the triple-digit boom is linked to the frenzy sparked by Wall Street Bet’s crusade, which has dealt a bloody nose to hedge funds short-selling GameStop.
But if this story wasn’t surreal enough, it’s possible that Carole Baskin of Tiger King fame may have contributed to DOGE’s surge by getting investors’ tails wagging.
In a video posted to TikTok, she appealed for donations in DOGE:
“Hey all you cool cats and kittens on the Dogecoin army — it’s Carole Baskin from Big Cat Rescue. There is so much going on for Dogecoin right now… oh my goodness!”
Just to add to the humor of it all, she consistently mispronounced “Dogecoin” throughout her 30-second spot… making it seem like she was talking about “Dodgecoin.”
At the time of writing, DOGE has a market cap of $6.7 billion, with 24-hour trading volumes of $30.8 billion exceeding Polkadot, XRP, Cardano and Chainlink combined.
Buying into DOGE now could prove exceedingly risky, especially if its price crashes down to the level it was at just a few short days ago.
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