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Dogecoin: the best crypto performance of the week

Photo of: Joseph Stone
by Joseph Stone

Crypto prices are picking up steam. The Dogecoin price, in particular, is performing well. In the past, Dogecoin has generated nice capital gains. Since the crypto crash in May 2021, the Dogecoin price has been on the rebound. Let’s take a look back at the DOGE price and its recent performance.

At the time of writing this article, the price of Dogecoin is €0.29. Over the past 7 days, the price of DOGE is up 34%. This remains a “classic” increase among the top 20 cryptos. Indeed, for the past two weeks, it seems that the crypto market conditions are bullish again.

On the other hand, over the last 24 hours, the performance of Dogecoin is remarkable and noticed… The price has thus taken more than 12% since yesterday. Aside from Solana, this is simply the best crypto performance in the top 20.

After Bitcoin, Dogecoin is probably the most well-known crypto. Born from a joke at first, this crypto has quickly become known to the general public. The reason? Dogecoin takes advantage of a cleverly orchestrated marketing strategy. While Elon Musk remains the poster boy for Dogecoin marketing, other big players have converted to DOGE. Recently, for example, investor Mark Cuban touted Dogecoin as “the strongest currency” for him.

Another event that has made Dogecoin the talk of the town in recent days comes to us from the green square. As the English soccer league has resumed, Dogecoin has invited itself in. Indeed, Premier League fans have been able to distinguish the Dogecoin acronym on the soccer shirts of the Watford club. Promoted this year to the Premier League, the London club has thus signed a partnership with Dogecoin for the 2021 – 2022 season.

The deal consists of a collaboration with the sports betting site Stake.com. As for the figures, we talk about a deal of around £700,000 or 822,000 euros. Interesting detail, it is not the first time that the Watford club signs a crypto partnership. The previous one was signed with…Bitcoin!

Furthermore, Mark Cuban told CNBC last week that “the dogecoin community is the strongest when it comes to using it as a medium of exchange.” In response to CNBC’s article about Mark Cuban’s claims, Tesla boss Elon Musk tweeted on Saturday, “I’ve been saying this for a while.” The two famous businessmen were attracted to dogecoin for its strong community – and played a significant role in its rise over the past year.