Dogecoin Hits a New All-Time High at $0.495 As eToro Lists DOGE
Dogecoin continues to gather people’s attention with a listing on eToro, another Twitter engagement from a popular brand, and being used as a payment method for MLB tickets.
At the same time, the price of the meme coin skyrocketed to a new all-time high at nearly $0.5.
The Latest Pro-Dogecoin Developments
The Shiba Inu-inspired meme coin has received endorsements from multiple celebrities in the past few months. After Elon Musk, who has been vocally supportive of the asset for years, others that joined the craze included Snoop Dogg, Mark Cuban and his NBA team, and more.
Numerous companies introduced Dogecoin as a payment instrument, which, according to Cuban, will solidify its position as a legit currency. This particular adoption received further support from the professional baseball team – the Oakland Athletics.
Fans will be able to purchase tickets with 100 DOGE from May 3rd until May 6th.
Join us at the ballpark as the Blue Jays roll into town!
Two-seat pods in the Plaza Infield are available for 100 Dogecoin for the series.
— Oakland A’s (@Athletics) May 3, 2021
The meme coin, which was previously mentioned by Snickers and Mars, now caught the eye of another US snack brand – Slim Jim. The company mysteriously tweeted “reject society, become Doge” recently and added a pro-DOGE hashtag.
— Slim Jim ? (@SlimJim) May 3, 2021
With the growing popularity of Dogecoin, the Israeli-based trading platform, eToro, enabled its more than 20 million users to receive DOGE exposure. In a press release shared with CryptoPotato, the company, which plans to go public soon, breached “strong customer demand” for its decision.
DOGE is Bigger Than BMW
In light of the global adoption, DOGE’s price has been knocking it out of the park since the start of the year. The meme coin traded at $0,005, but the constant engagements from celebrities and all other aforementioned developments boosted its value in the following months.
By mid-April, Dogecoin had entered the top ten cryptocurrencies by market cap as its price surged above $0.4. After a sharp 50% retracement in the next few weeks, DOGE returned to its impressive 2021 performance and headed further north.
As a result, the meme coin spiked to its latest ATH earlier today at just shy of $0.5. Despite retracing slightly, DOGE is still nearly 10,000% up year-to-date.
Dogecoin is currently the 5th largest cryptocurrency with a market cap of over $62 billion. Outside of the cryptocurrency industry, the meme coin’s market capitalization has surpassed that of giants like BMW, MetLife, Honda Motor Co, Vodafone Group, and more.