DOGE Price: $0.5660 Day High And Climbing Today (Explanation)

By Amit Chowdhry ● May 4, 2021
  • The price of Dogecoin (DOGE) hit a day high of $0.5660 today and it is climbing. This is why it happened.

The price of Dogecoin (DOGE) hit a day high of $0.5660 today as of 9:40 AM ET and it is climbing. There are several reasons why the cryptocurrency price has been surging. Here are some of those reasons:

— Investors are responding positively to Dogecoin endorser and Tesla CEO Elon Musk preparing for an appearance on Saturday Night Live (SNL) this weekend where there is speculation that he will be bring even more attention to the cryptocurrency.

— Trading platform eToro also added Dogecoin to its trading platform. “You barked and we heard you! Dogecoin (DOGE) is now available for buying and selling on the eToro marketplace, said eToro in a statement. “Much wow, indeed. That’s right, everyone’s favorite “meme coin” is live on eToro. All kidding aside, DOGE is not an asset to be taken lightly. Having already increased in value by over 5,000% in 2021, DOGE now has the seventh largest cryptocurrency market cap, behind some real heavy hitters.”

— Dogecoin was also endorsed by billionaire Mark Cuban last week on the “Ellen” show. In the interview, Cuban said that investing in DOGE is better than a lottery ticket.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.