Dogecoin [DOGE], the meme-based altcoin which has become a favorite cryptocurrency of Elon Musk, has doubled within 24 hours to hit all-time highs of $0.29 USD.
In what appears an almost unbelievable move, Dogecoin has also become the 8th-leading cryptocurrency by market cap, surpassing Litecoin [LTC], Chainlink [LINK], and Uniswap [UNI] along with several other bull players.
At the time of reporting, 1 DOGE traded at around $0.25 USD. Gains on any timeframe remained beyond impressive – 80% on the day, 300% over the past 7-days, and year-to-date returns of more than 5,000%.
Versus an equivalent date one year ago, shortly after the pit of the brief 2020 market, Dogecoin is up 12,600%.
Reacting, it appeared that even professional traders had been caught all of sudden.
“This is the first DOGE pump I even have missed in years, but I still absolutely like to see it. The favorite asset of all time changed my life in 2017. Happy for you guys who are in it, innit?” Scott Melker tweeted.