This doge doesn’t know when to quit.
The ultimate meme coin surged to a fresh all-time high this morning of US44c, as traders speculated that Elon Musk – the self-described Dogecoin CEO – might talk up the token when he hosts Saturday Night Live this weekend.
— Binance (@binance) May 3, 2021
As previously reported, Dogecoin shot up from US0.8c in late January to as high as 42c on April 20, as fans of the token tried to rebrand International Cannabis Day into “Dogecoin Day”.
The token then pulled back to around US23c a few days later, but today is again proving wrong those who would dismiss the coin as a joke and a flash-in-the-pan.
Congrats on all the #dogecoin millionaires being made 📈
Don’t sell it all ‼️ We aren’t done yet.
— Dogecoin Millionaire 📈 (@DogeAmillion) May 4, 2021
Dogecoin was up 9.4 per cent to US41.9c at lunchtime. It was listed as the fifth-largest cryptocurrency by Coinmarketcap with a total value of US$54.6 billion.
Meanwhile, Ethereum was trading at US$3,281 ($4,238) at noon AEST, up 8.7 per cent from yesterday, when it crossed the US$3,000 level for the first time.
— R.E.A. (@Moon_Guurl) May 3, 2021
— TradingMemess (@Tradingmemess) May 3, 2021
Bitcoin pulled back this morning, falling from just under US$57,000 to US$55,435 at 11.10am AEST, dragging many tokens down with it.
At lunchtime, the biggest crypto was trading at US$55,696 ($71,940), down 4.5 per cent from yesterday.
THORChain, Ethereum Classic, OKB, Nexo, Maker, Venus, Waves, LEO Token, Binance Coin and cETH were the other top 100 coins to hit all-time highs in the past 24 hours, according to Coingolive.