Dogecoin Soars Even though Bitcoin Drops
Jakarta – The price of Dogecoin continues to skyrocket even though the Bitcoin rally has stalled. Coindesk data on Tuesday, April 20, 2021, showed the price of Dogecoin rose 13.78 percent to a level of US $ 0.387. Meanwhile, based on Indodax.com data, Dogecoin’s price touched the level of Rp. 6,190.
The price of coins bearing the Shiba Inu dog logo has continued to skyrocket this year. Since the start of the year, Dogecoin has rocketed up to 8,264.58 percent of its $ 0.004 price range. When calculated over the past year, the price of Dogecoin has shot 192 times.
Initially Dogecoin was created as a joke in 2013 by Jakson Palmer and Billy Markus, but now Dogecoin has been riding a newfound wave of popularity on social media. Dogecoin‘s gain was also boosted by the tweets of Tesla founder Elon Musk.
Musk is considered to be promoting Dogecoin. In his latest tweet on Twitter, “Doge Barking at The Moon“, he received more than 20,400 replies, 51,800 retweets, and was liked more than 310,000 times.
But keep in mind, the principle of cryptocurrency investment is high risk high return. The volatility of crypto assets is very high. Even the cryptocurrency with the largest valuation today, Bitcoin, has experienced enormous fluctuations several times.