Dogecoin has soared in price by more than 40% in a week

by in Cryptocurrency News

Dogecoin

The Dogecoin (DOGE) cryptocurrency, which is often praised by Elon Musk, has once again demonstrated stunning performance.

Recall that in May, the coin reached $ 0.73, but then it fell by almost 78%.

2021 was a turbulent year for Dogecoin.

After the winter and spring breakthroughs in June-July, the market mostly stagnated, and DOGE traded in a narrow range along with Bitcoin and other digital currencies. The ascent resumed in early August.

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Over the past seven days, the value of the coin has added 41%. Today the DOGE rate has increased to $ 0.267. During the day, the capitalization of the altcoin increased by another 10% to $ 34.973 billion.

Altcoin Cardano (ADA) also demonstrates stable growth rates. On Thursday, August 12, this cryptocurrency is trading in the $ 1.76 area.

During the week, its cost increased by more than 30%. The strengthening of the course is observed in anticipation of the launch of smart contracts on the Cardano network.

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This option became possible after a series of forks initiated by the team of Charles Hoskinson, who announced their intention to make Cardano a key competitor to Ethereum.