Dogecoin has risen in price by 1,000%, entered the top 7 of the market and was the first in history to break a Bitcoin record

The Dogecoin (DOGE) cryptocurrency price hit a new all-time high of around eight cents this morning. Yesterday evening, when DOGE was already showing impressive growth, its new maximum was at the same level with the previous one, and today the chart looks like this:It took the cryptocurrency a little more than a day to rise in price by 1,000%. As a result, at its peak, DOGE’s capitalization exceeded $ 10 billion, which allowed it to temporarily become the 7th largest cryptocurrency on the market and surpass Chainlink along with Litecoin, Bitcoin Cash and Binance Coin. At the same time, DOGE became the fourth most traded asset on the market with a trading volume of $ 29 billion.The founder of Tesla and SpaceX Elon Musk, who calls Dogecoin his favorite cryptocurrency, congratulated her on the new record by posting a thematic image on Twitter.In addition, according to the observations of The TIE analysts, last night the number of tweets mentioning DOGE relative to the 30-day average increased by 1,800% and amounted to about 90,000.“Dogecoin has surpassed Bitcoin in terms of the volume of tweets in the last 24 hours,” writes The TIE. “This is the first time in our statistics when more has been written about altcoin than about bitcoin.”Moreover, Dogecoin has updated a new all-time record for the number of mentions of a given cryptocurrency on Twitter in 24 hours, surpassing the previous highs of Bitcoin set by it on January 2, 2021 and December 22, 2017, The TIE later clarified.A sharp increase in volatility made Dogecoin today a record cryptocurrency in another parameter – the volume of liquidations. In 24 hours, the volume of liquidations of short and long positions with DOGE amounted to $ 300 million, while Bitcoin this figure was equal to $ 272 million.Charles Reed of Rarestone Capital believes that DOGE “will be the catalyst for the entry of 

millions of irritated traders into the cryptocurrency market.” “It’s like our Trojan horse for the dirty Robinhood castle. The lifting gates will open soon. The censored markets are already here and available for 24v7 trading, ”he wrote.

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