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One of the more outdated memes on the internet is "doge."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 editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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