Dogecoin Hits New All-Time High At $0.75

BYAlexander Cole4.1K Views
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Dogecoin
Dogecoin is taking off ahead of Elon Musk's appearance on SNL.

One of the more outdated memes on the internet is "doge." The meme is of a random Shiba Inu that is definitely cute but also very confused. As Bitcoin began to get more popular, Dogecoin was created as an internet-based cryptocurrency that could be held by anyone willing to invest. At first, the coin was virtually worthless as it was only going for about a fraction of a cent. However, throughout this current market cycle, influencers like Elon Musk have been promoting Dogecoin quite a bit, and it has elevated the coin to heights no one ever thought were possible.

Over the past week or so, Dogecoin has exploded past 50 cents and fans have been pushing for it to hit a full $1. If that were to happen, some of the earliest investors would see returns of about 1000x which is truly insane. Today, Dogecoin pushed yet another new all-time high as it officially hit $0.75, much to the delight of investors everywhere.

With Elon Musk appearing on Saturday Night Live tomorrow, many believe he is going to try and promote the coin, which has led to a massive speculative rise to the upside. If this trend continues, it seems all but guaranteed that Dogecoin could hit $1 by tomorrow. Of course, none of this is financial advice.

In the midst of this bull run, Dogecoin continues to prove people wrong.


About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
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