Dogecoin traded 6.85% higher at $0.3194 over 24 hours in the early hours of Friday.
What’s Moving? The meme-themed cryptocurrency was up 13.7% over a seven-day trailing period at press time.
Against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), DOGE traded 0.84% higer and 0.45% lower, respectively.
Since the year began, DOGE has shot up 5,517.8%.
See Also: How To Buy Dogecoin (DOGE)
Why Is It Moving? DOGE followed larger cryptocurrencies into the green at press time as the global cryptocurrency market cap rose 6.35% to $2.03 trillion.
After touching all-time highs of $64,800, Bitcoin (CCC:BTC-USD) witnessed a sharp correction. It briefly traded below $30,000 before making a gradual recovery. However, the positive momentum seems to be gaining traction. Bitcoin is now trading near $50,000 levels. As this price rises, investors may see multi-fold returns in crypto-related Reddit penny stocks.
In the last rally for Bitcoin, Marathon Digital (NASDAQ:MARA) skyrocketed from lows of $1.48 to a high of $57.75. Similarly, Riot Blockchain (NASDAQ:RIOT) had a 52-week range of $2.35 and $79.50. I will not be surprised if more....More>>>