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Dogecoin Hits Highest Price Since 2021 as Bitcoin Edges Back Above $100K

Dogecoin popped to a three-year high price overnight, pushing even higher than it did in November as other major assets like Bitcoin and XRP show green over the past day.

The original meme coin touched $0.4795 just before midnight ET late Thursday, per data from CoinGecko, topping the $0.475 mark hit on November 23. Coinbase, on the other hand, shows that DOGE actually topped $0.48.

It’s the highest mark that Dogecoin has hit since May 2021, the same month that DOGE set its all-time peak price of $0.73.

DOGE has dipped slightly to a current price of $0.465 as of this writing, and is up 4% over the past 24 hours. At its current price, Dogecoin is about 37% down from that all-time high mark from 2021.

Bitcoin continues to hop above and below the $100,000 mark after topping that milestone price for the first time last week. As of this writing, it’s currently sitting in six figures at a current price of about $100,500, up over 1% on the day.

And XRP is showing gradual growth over the last few days, currently sitting at $2.56 after rising nearly 5% over the past 24 hours. The Ripple-linked asset peaked at a recent price of $2.82 last week, marking a nearly seven-year high for the coin, which has been propelled by surging regulatory optimism about Donald Trump’s upcoming administration.

XRP is up 365% over the last 30 days.

About $218 million worth of crypto positions have been liquidated over the last 24 hours, per data from CoinGlass, with long traders—or those betting for an asset’s price to go up—feeling the most pain with $137 million in positions zapped.

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Andrew Hayward

https://decrypt.co/295451/dogecoin-highest-price-2021-bitcoin-100k-xrp

2024-12-08 14:02:59

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