Digital currency Dogecoin made a new leap on the eve and soared in price to the highest level since the beginning of December.
Altcoin jumped to $0.202 but retreated to $ 0.179 on Wednesday night. The capitalization of DOGE is now just over $ 23.9 billion, the coin has risen to tenth place in the ranking of the largest digital currencies. For a short time, she even broke through to ninth place, but then Polkadot (DOT) pushed her back again.
Tesla CEO Elon Musk is considered the main trigger of yesterday's DOGE rally. He has repeatedly provoked a hype in social networks around this cryptocurrency, which led to a soar in its value.
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On Twitter, the Tesla CEO announced that the electric car maker will soon begin accepting DOGE for payment. This post by Elon Musk caused a storm of emotions on social media, and then Dogecoin pumping resumed.
However, soon traders changed their tactics and again began to dump the asset, which did not allow the coin to stay at values above $ 0.2.
Experts agree that against the background of the creeping correction of the crypto market, the growth in the value of DOGE could not last long, and a quick change in the tactics of investors with the resumption of sales was expected.