With Elon Musk marking May 8, Dogecoin has been on the rise. DOGE traded as high as $ 0.73.
Dogecoin is about to surpass BNB, the third largest cryptocurrency by market cap.
Currently trading at an all-time high at $ 0.73, Dogecoin’s market cap is just 1.6% less than BNB’s market cap, reaching $ 95.3 billion.
Speculators hope that the Dogecoin price will reach $ 1 at least by Monday, with the influence of Musk.
Gemini and eToro started listing Dogecoin earlier this week, and Robinhood’s cryptocurrency trading service went offline as Dogecoin soared. Coinbase, the largest cryptocurrency exchange in the USA, has not yet listed the “memecoin”. Musk has never confirmed his personal investment in Dogecoin. However, Tesla has Bitcoin in its treasury.
Dogecoin, which determined a new ATH with the expectation that there will be content about DOGE on Saturday Night Live to be presented by Elon Musk, has been traded at $ 0.702 according to CoinMarketCap data since the writing of our news.
If the coin drops shortly after Musk’s sketch, investors may no longer find the cryptocurrency as funny.