Popular meme token Dogecoin, formerly a favorite of Twitter owner Elon Musk, joined the rally in Bitcoin (BTC) and altcoins.
DOGE, which rose above the $0.1 level that investors had been waiting for a long time, made its investors happy.
Because the popular meme token DOGE took action to celebrate its 10th anniversary on December 6 and rose above $ 0.1 for the first time in 2023 with a double-digit increase.
According to data from CoinMarketCap, DOGE, which has increased by 17.7% in the last 24 hours, continues to be traded at $ 0.1039 at the time of writing.
Dogecoin, the world's first dog-themed cryptocurrency, was created 10 years ago by Billy Marcus and Jackson Palmer as a joke coin.
Dogecoin, which experienced a huge boom and a tremendous rise in early 2021, reached its all-time high of $ 0.74 in May 2021.
However, DOGE could not continue its rise and fell to the level of $ 0.049 in the difficult bear market in 2022.
Despite its recent rise, DOGE still has a long way to go to break above its all-time high of $0.73 in May 2021.
At this point, investors who want the rise in DOGE to continue are eagerly waiting for Elon Musk, the self-proclaimed “Dogefather”, to share Dogecoin's birthday and support the price.
*This is not investment advice.