Dogecoin, the most iconic memecoin, reached a new yearly high today as it marks the 10th year since launching on December 6, 2013.
In the world of crypto, few coins have exceeded expectations like Dogecoin. Doge first launched in 2013 as a joke poking fun at the extreme speculative nature of Bitcoin, but by 2018, the crypto hit a $1 billion market cap.
At the time of writing, Doge holds a market cap of $14 billion and is the 10th largest cryptocurrency.
Marking its 10th birthday, Dogecoin hit the psychological mark of $0.10 today – the highest level all year.
This gain represents a 14% gain in 24 hours, and a 43% gain from last year.
Eyes are now turning toward Elon Musk, who has frequently influenced the price of Doge after declaring it his “fave crypto”.
Some even believe that Musk plans to integrate Dogecoin within the prospective X payment network, which Musk has hinted at on several occasions.
In April, the Twitter logo briefly changed to the Dogecoin logo, and when Twitter officially rebranded to X, the Doge ‘D’ appeared next to the X in Musk’s bio.
Doge isn’t the only memecoin enjoying a rally this week.
SHIBA is also up by 11% in 24 hours, as well as BONK, which is 24% today.
The memecoin rally comes amidst a broader Bitcoin rally, which has seen its largest gains in nearly 20 months.
Read more: Why Has Doge Replaced the Twitter Blue Bird?
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